Graphic Processor Market Size & Share, by Component (Hardware, Software, Services); Type (Integrated, Discrete, Hybrid); Deployment (On-Premise, Cloud); Application (Consumer Electronics, IT & Telecommunication, Healthcare, Media & Entertainment) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5647
  • Published Date: Feb 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Graphic Processor Market size is expected to cross USD 1.25 Trillion 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 processors was over 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. And 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.


Graphic Processor Market
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Graphic Processor Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth in the Gaming Sector- The demand for GPUs is largely driven by the gaming sector. To enjoy better graphics, faster frame rates, and more immersive gaming, gamers are always looking for GPUs with greater power. GPU sales have also increased as a result of the expansion of esports and the need for game content producers. Such experiences are mostly dependent on high-quality graphics, and GPUs are essential to rendering these images. The popularity of a game is significantly impacted by its graphics quality, which inspires game developers to produce visually appealing games that make the most of current GPU technology. The need for GPUs with more processing capacity to produce clear and detailed images has increased due to the availability of high-resolution monitors and displays, such as 4K and ultra-wide screens. By 2024, there will be 1.31 billion active gamers worldwide or roughly 16.35% of the total population. By 2027, this is predicted to increase to 17.7%, or up to 1.47 billion gamers globally.
  • Increasing Usage in Healthcare and Medical Imaging- GPUs speed up research and enhance patient care in the fields of medical imaging, genome sequencing, and medication discovery. GPU expansion is driven by the healthcare industry's growing reliance on technology. High-resolution medical pictures from CT, MRI, and ultrasound scans are processed and rendered by GPUs. These GPUs assist in enhancing image quality and allow medical professionals to visualize data in real-time. 3D and 4D imaging have been made possible by advancements in GPU technology, which offer insightful information for diagnosis and treatment planning. The market has been greatly impacted by the expansion of healthcare applications and medical imaging.
  • Development of Immersive Multimedia and Geographic Information Systems (GIS)- The market for graphic processors is also being driven by the growth of immersive multimedia and geographic information systems (GIS). The widespread use of smartphones, tablets, and other mobile computing devices has led to an increase in the use of apps like geographic information systems (GIS), which give real-time spatial and geographical data. With a GIS, users may create queries, examine spatial data, map data, and produce results. On the other hand, mobile computing devices heavily integrate graphic processors to deliver information in real-time.

Challenges

  • Negative Consequences of Regulatory Obstacles- Government-imposed trade restrictions and export controls affect the market by restricting access to specific technologies or reducing their availability. Several nations' governments apply trade restrictions and export limits on specific technologies, including GPUs. These rules restrict market access in particular areas and have an impact on GPU import and export. Manufacturers of GPUs have to manage complicated, constantly changing export compliance rules. In the technology sector, particularly the market for graphic processors, intellectual property (IP) conflicts and patent litigation are frequent occurrences. These legal disputes result in expensive court cases, limitations on product sales, or licensing costs that must be paid. Consequently, the graphic processor market faces several regulatory obstacles that affect its operations and expansion, much like the larger technology sector.
  • Market expansion is hampered by the incapacity to appropriately balance system performance, efficiency, and power consumption.
  • Falling workstation sales could impede the growth of the graphic processor market.

Graphic Processor Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 28%

Base Year Market Size (2023)

 ~ USD 65 Billion

Forecast Year Market Size (2036)

 ~ USD 1.25 Trillion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Graphic Processor Segmentation

Application (Consumer Electronics, IT & Telecommunication, Healthcare, Media & Entertainment)

Based on application, the consumer electronics segment in the graphic processor market is attributed to hold the largest revenue share of about 40% during the forecast period. In the world of consumer 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)

Based on deployment, the cloud segment is expected to hold 60% share of the global graphic processor market during the forecast period. 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 global market includes the following segments:

     Component

  • Hardware
  • Software
  • Services

     Type

  • Integrated
  • Discrete
  • Hybrid

     Deployment

  • On-Premise
  • Cloud

     Application

  • Consumer Electronics
  • IT & Telecommunication
  • Healthcare
  • Media & Entertainment

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Graphic Processor Industry - Regional Synopsis

APAC Market Forecast

The graphic processor market in the Asia Pacific is predicted to hold the largest revenue share of about 33% during the forecast period. The market expansion is owing to the rapidly expanding gaming industry in the Asia Pacific area. 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 American Market Statistics

The graphic processor market in the North America region is projected to hold the second largest share with about 29% share during the projected period. The North American GPU industry 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.

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Graphic Processor Market Size
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Companies Dominating the Graphic Processor Landscape

top-features-companies
    • NVIDIA Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Advanced Micro Devices, Inc. (AMD)
    • Intel Corporation
    • Qualcomm Incorporated
    • Samsung Electronics Co., Ltd.
    • Imagination Technologies Limited
    • VIA Technologies, Inc.
    • IBM Corporation
    • Microsoft Corporation
    • Matrox Electronic Systems Ltd.

In-the-news

In The News

  • At Gamescom 2023, Advanced Micro Devices, Inc. (AMD) made a big announcement about launching a new range of RX 7000 series GPUs. The cutting-edge architecture at the heart of these recently released RX 7000 series GPUs promises significant gains in both performance and power efficiency. To meet the needs of contemporary gaming and content creation, the recently released GPUs promise to provide cutting-edge performance and functionality. Every graphic card in the RX 7000 series is designed to cater to a certain market niche, providing a range of features and performance levels so that customers may select the GPU that best fits their demands and budget.
  • NVIDIA introduced new GeForce RTX GPUs and technologies. With NVIDIA's GeForce RTX 40 Series graphics cards, gamers and content creators can experience a quantum leap in performance, AI-powered graphics, more immersive gameplay, and the fastest processes for creating content. The performance of the newest games has increased by a factor of two. Developers can achieve up to a 4X boost in speed in fully ray-traced games by leveraging Ada advances such as DLSS 3. Up to twice as much performance is available in 3D rendering, video export speed, and AI features for creative apps with the GeForce RTX 40 Series graphics cards.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5647
  • Published Date: Feb 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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 are the major factors driving the growth of the graphic processor market.

The market size of graphic processors is anticipated to attain a CAGR of 28% over the forecast period, i.e., 2024-2036.

The major players in the market are Advanced Micro Devices, Inc. (AMD), Intel Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., Imagination Technologies Limited, VIA Technologies, Inc., IBM Corporation, Microsoft Corporation, Matrox Electronic Systems Ltd., and others.

The consumer electronics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Graphic Processor Market Report Scope
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