Report : Middle East & Africa Graphics Processing Unit (GPU) Market Forecast to 2030 - Regional Analysis - by Type (Dedicated, Integrated, and Hybrid) and Application (Tablet, Computer, Smartphone, Gaming Console, Television, and Others)
At 30.1% CAGR, Middle East & Africa Graphics Processing Unit (GPU) Market is Projected to be Worth US$ 11,470.10 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa graphics processing unit (GPU) market was valued at US$ 1,393.57 million in 2022 and is expected to reach US$ 11,470.10 million by 2030, registering a CAGR of 30.1% from 2022 to 2030. Rising demand for high-end personal computing devices such as laptops and deployment in emerging applications such as AI and ML are among the critical factors attributed to the Middle East & Africa graphics processing unit (GPU) market expansion.
GPUs are required for high-end graphics. High-end laptop computers are utilized for gaming, video editing, and 3D design. To perform these tasks, high-end laptop computers require a strong GPU to generate complex graphics and provide a smooth user experience. Thus, laptop manufacturers increasingly sell laptops with high-end GPUs as they understand that many users can spend a significant amount on a laptop with a powerful GPU.
Moreover, several companies, such as NVIDIA, Intel, and AMD, stated that they want to stay firm and stable in the competitive market. Therefore, these companies invest heavily in innovative GPU systems for personal computing devices and laptops. In December 2022, NVIDIA, AMD, and Intel announced their latest GPUs. Intel and AMD also introduced their latest CPUs for desktops, offering a complete solution for those who plan to build a custom RIG for personal usage, gaming, and professional workload. Additionally, in April 2021, NVIDIA announced the availability of eight new NVIDIA Ampere architecture GPUs for next-generation desktops, laptops, and servers, which enables professionals to work from anywhere without sacrificing quality or time. Using the new NVIDIA RTX GPUs, artists can create innovative 3D scenarios, designers can iterate stunning architectural designs in real time, and engineers can produce innovative products on any system. Thus, rising demand for high-end personal computing devices, such as laptops, with high-end GPUs from gamers and other demanding users drives the GPU market growth.
On the contrary, declining sales of desktop computers hamper the growth of Middle East & Africa graphics processing unit (GPU) market.
Based on type, the Middle East & Africa graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held 68.2% share of Middle East & Africa graphics processing unit (GPU) market in 2022, amassing US$ 949.83 million. It is projected to garner US$ 7,999.84 million by 2030 to expand at 30.5% CAGR during 2022-2030.
In terms of application, the Middle East & Africa graphics processing unit (GPU) market is categorized into tablet, computer, smartphone, gaming console, television, and others. The smartphone segment held 39.6% share of Middle East & Africa graphics processing unit (GPU) market in 2022, amassing US$ 552.31 million. It is projected to garner US$ 4,992.21 million by 2030 to expand at 31.7% CAGR during 2022-2030.
Based on country, the Middle East & Africa graphics processing unit (GPU) market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 39.1% share of Middle East & Africa graphics processing unit (GPU) market in 2022. It was assessed at US$ 545.14 million in 2022 and is likely to hit US$ 3,796.57 million by 2030, exhibiting a CAGR of 27.5% during 2022-2030.
Key players operating in the Middle East & Africa graphics processing unit (GPU) market are Advanced Micro Devices Inc, ASUSTek Computer Inc, Imagination Technologies Ltd, Intel Corp, NVIDIA Corp, Qualcomm Inc, and Samsung Electronics Co Ltd, among others.
- In March 2023, Qualcomm Technologies, Inc. announced the new Snapdragon 7+ Gen 2 Mobile Platform-delivering premium experiences brand new to the Snapdragon 7 series. Snapdragon 7+ Gen 2 provides exceptional CPU and GPU performance fueling swift, nonstop gaming, dynamic low-light photography and 4K HDR videography, AI-enhanced experiences, and high-speed 5G and Wi-Fi connectivity.
- In January 2023, Intel Corporation unveiled the 4th-Generation Intel Xeon Scalable processors, Intel Xeon CPU Max Series, and Intel Data Center GPU Max Series, in a concerted effort to bring the company to the forefront of the processor market amid intense competitive pressure. With a purpose-built workload-first approach, the products mark a landmark achievement by this chip manufacturer and are likely to strengthen its leading market position.
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