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

Growth Drivers

• Growth in the gaming sector - The graphic processor market 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. Graphic processor market’s 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 market.