The graphics processing unit (GPU) market is estimated to be worth US$ 70.9 billion in 2024 and is projected to be valued at US$ 1,159.3 billion in 2034. The increasing popularity of augmented reality (AR) and virtual reality (VR) developments in machine learning and AI are contributing to the GPU market growth. The demand for more powerful GPUs surged as gaming enthusiasts sought enhanced graphical experiences, higher resolutions, and smoother frame rates, driving market demand during the forecast period. The rising demand for GPUs in data centers for high-performance computing, cloud services, and AI-related tasks further boosted market growth. The automotive industry increasingly integrates GPUs for infotainment systems, advanced driver-assistance systems (ADAS), and autonomous vehicle development, boosting demand for specialized GPUs tailored for these applications.
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