Graphic Processor Market size is poised to reach USD 1257 Billion by the end of 2036, growing at a CAGR of 28% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of graphic processor was USD 65 Billion. The market is expanding at a substantial rate due to the widespread use of artificial intelligence (AI) and machine learning applications as well as the strong demand for experiences in virtual reality (VR), augmented reality (AR), and data visualization. There will be 1.4 billion active AR user devices by 2023. Also, in 2024, that amount is projected to rise to 17.3 billion.
In addition to these, the final photos or videos are created by skillfully combining these elements. As a result, this process creates realistic animations and complex images more quickly, guaranteeing flawless real-time experiences. With no noticeable delays, users can enjoy the luxury of fully immersing themselves in intricate images and lifelike animations owing to this simplified technique. Overall, these benefits support the market expansion.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
28% |
Base Year Market Size (2023) |
USD 65 Billion |
Forecast Year Market Size (2036) |
USD 1257 Billion |
Regional Scope |
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Application (Consumer Electronics, IT & Telecommunication, Healthcare, Media & Entertainment)
The consumer electronics segment in the graphic processor market is estimated to gain the largest revenue share of about 40% in the year 2036. The segment growth can be attributed to the rising innovation in the field of electronics, GPUs are essential since they are the basis for improved visual experiences and processing power. Integrated graphic cards represent a crucial aspect of consumer electronics, which includes GPUs that are deeply incorporated into gadgets like laptops, tablets, smartphones, and smart TVs to deliver smooth and optimum graphics performance.
By 2026, more than 1.1 billion households globally—or 51% of all households—are expected to own a smart TV. The market is expanding due to the growing demand for visually immersive apps and content, which includes mobile gaming and high-definition video streaming.
Furthermore, the increasing popularity of multipurpose gadgets like hybrid tablets and 2-in-1 laptops is driving the incorporation of flexible graphics solutions. Customers are looking for devices that can switch between productivity duties and leisure activities with ease, thus GPUs that can accurately perform both functions are required.
Deployment (On-Premise, Cloud)
The cloud segment is poised to hold majority market share, accounting for 60% during the projected timeframe. The advent of cloud computing has had a notable impact on the industry's use of GPUs, leading to the development of a noteworthy trend called on-demand cloud-based GPUs. Unlike traditional local hardware configurations, cutting-edge cloud GPU technology presents a paradigm shift by providing the experience of a high-performance graphics card within the cloud environment.
One of cloud GPUs' greatest advantages is that they can avoid direct rivalry with local graphics cards, giving users an effective and affordable option. Continuous improvements in GPU performance open up a wide range of opportunities for demanding applications, including computer vision, computational graphics, and a variety of high-performance computing jobs.
Our in-depth analysis of the market includes the following segments:
Component |
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Type |
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Deployment |
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Application |
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APAC Market Statistics
Graphic processor market in the Asia Pacific is anticipated to hold the largest with a share of about 33 % by the end of 2036. The market growth in the region is also expected on account of rapidly expanding gaming industry in the region. The area is a hub for the creation and consumption of video games, and a sizable player base demands immersive and graphically stunning experiences. To produce cutting-edge games and satisfy the expectations of the aficionados of gaming, GPUs are essential.
Additionally, the Asia Pacific region's emphasis on cutting-edge technology like robotics, AI, and driverless cars increases demand for GPUs. GPU demand is also being driven by the region's growing need for data centers and cloud services. Currently, 10-12% of data in Australia is created and processed outside of a cloud or centralized data center; however, by 2025, that percentage is predicted to reach 65–70%, a global trend that is also evident in Australia.
North America Market Analysis
The North American region will also encounter huge growth for the graphic processor market over the forecasted period and will hold the second position, amounting to 29% of the market share. The North American market is primarily being driven by the booming technology and entertainment sectors. The demand for state-of-the-art GPUs, which enable sophisticated visual effects, 3D modeling, and gaming experiences, is constantly high due to the presence of significant tech hubs and entertainment districts in places like Silicon Valley and Hollywood.
Author Credits: Abhishek Verma
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