Graphic Processors Market (Updated Version Available)

Key Market Overview:

Graphic processors market size was worth over USD 44.7 Billion in 2022 and is estimated to reach over USD 450.9 Billion by 2030, growing at a CAGR of 33.5% during the forecast period (2022-2030).

A graphic processor (GP) is a type of microprocessor that is designed specifically for handling graphics-related tasks. The processor is a type of specialized hardware that is optimized for efficiently rendering images, video, and other visual media. As compared to a CPU, a GP is optimized for specific graphic processing tasks such as shading, texture mapping, and triangle rasterization. Further, GPs include GPU as a specialized electronic circuit that is designed to rapidly alter and manipulate memory to fast-track the creation of images in a frame buffer, intended for output to a display.

Further, such graphic processors are found in various devices such as gaming consoles, personal computers, mobile phones, and embedded systems. Such processors are responsible for generating high-quality images for visual experiences that range from video games to virtual reality. The integrated GPUs comprise thousands of cores that have the capacity to handle a large number of threads simultaneously. Thus, GPUs are ideal for performing complex calculations involved in image rendering and performing physics simulations. Typically, such GPUs are allotted tasks such as 3D graphics rendering, transforming and lighting in video games, video encoding and decoding, and scientific simulations.

Graphic Processors Market Report Coverage:

Report Attributes	Report Details
Study Timeline	2016-2030
Market Size in 2030 (USD Billion)	450.9 Billion
CAGR (2022-2030)	33.5 %
Base Year	2021
By Deployment	On-premise and Cloud
By Type	Integrated, Dedicated, and Hybrid
By Industry Verticals	Electronics, Healthcare, Defense & Intelligence, Retail, Media & Entertainment, and Others
By Geography	Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players	NVIDIA Corporation, Advanced Micro Devices, Inc., Intel Corporation, ASUSTeK Computer Inc., GIGA-BYTE Technology Co., Ltd., ZOTAC, EVGA® Corporation, Micro-Star INTL CO., Ltd., SAPPHIRE Technology Limited., Imagination Technologies, ADLINK Technology Inc.

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Market Dynamics:

Driver:

The increased demand for graphic processors in high-performance computing applications such as data analytics, scientific simulations, and artificial intelligence fuels the graphic processors market statistics. The rising advancements in technology results in the development of more advanced and powerful graphics processors, which drives market growth. Further, the increased adoption of virtual and augmented reality technology results in the growing demand for graphics processors. Moreover, the favorably high usage in gaming, especially e-sports, and mining the cryptocurrency boosts the demand for high-performance graphics processors.

Restraint:

High-end graphic processors are expensive which hampers access to a large portion of the market. The demand for graphic processors typically exceeds supply which leads to product shortages and inflated prices. Further, high-performance graphic processors consume a lot of power that restricts large scale usage in battery-powered devices. Moreover, the rapid pace of technological advancement in the graphic processors market results in short product cycles and frequent product replacements with long-term high costs for consumers.

Opportunities:

The scope of improvements in cloud gaming is anticipated to create opportunities for powerful and energy-efficient GPUs along with advancements in artificial intelligence and machine learning. Moreover, growing consumer preference for realistic graphics in video games is anticipated to offer creative opportunities for market growth through technologies such as real-time ray tracing for immersive and visually stunning gaming experiences.

Graphic Processors Market Segmentation:



By Deployment

The deployment segment is separated into on-premise and cloud. The on-premise segment contributed the largest shares to the market growth in 2021. The ability to manage large amounts of data and perform intensive computational tasks in local infrastructure with low dependence on remote servers supports the on-premise deployment of GPs. Further, performance-intensive applications such as gaming and cryptocurrency mining also require the deployment of high-performance GPs in gaming hubs and server farms respectively. Moreover, the cloud segment is also anticipated to witness significant growth during the forecast period. Several businesses use virtual machines to gain cloud access to GPU with a pass-through method. For instance, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud offers range of cloud services in terms of GPU solutions. Thus, such virtual access to GPUs allows businesses to save high upfront costs of hardware equipment, resulting in increased segment growth.

By Type

The type segment is separated into integrated, dedicated, and hybrid. The dedicated segment contributed the largest shares to the market growth in 2021. In the context of gaming, dedicated graphics processors provide better graphics performance as compared to integrated graphics due to their dedicated memory and processing power, which results in an uninterrupted and smooth gaming experience. Further, the high demand for a dedicated GPU by professional applications such as AutoCAD, 3D modeling, and animation in terms of high graphics processing power also supports segment growth. Moreover, the integrated segment is also anticipated to support the market growth in terms of volume. Integrated graphics processors are built into the CPU with no requirement of an additional card allows wide adoption among budget-conscious consumers as a cost-effective alternative. Also, such integrated GPs consume less power as compared to dedicated GPs which allows favorable adoption in laptops and other battery-powered devices.

By Industry Verticals

The industry verticals segment is divided into electronics, healthcare, defense & intelligence, retail, media & entertainment, and others. The electronics segment contributed the largest shares to the graphic processors market growth in 2021. GPs are used to perform scientific simulations, financial modeling, and other high-performance computing tasks with significant speedup as compared to CPUs (central processing units). Thus, such GPs witness favorable demand for offloading computationally intensive tasks by reducing the load on the CPU of consumer electronics such as laptops, personal computers, smartphones, workstations and others. Moreover, the media & entertainment segment is also estimated to support the market statistics in terms of volume. A large portion of GPs are deployed in gaming setups for handling complex graphical computations and are capable of producing high-quality graphics for video games, animated films, and other multimedia content. Thus, GPs are used for high-performance computing tasks such as simulation and modeling, which allows for the creation of more complex and realistic visual effects in media and entertainment projects.

By Region

The regional segment comprises North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America accounted for the largest share contribution to the market growth in 2021. The established presence of market players in this region with increased expenditures in technological advancements in existing GPs supports the growth of market statistics in the North American region.



Furthermore, Asia Pacific is anticipated to register the fastest CAGR growth during the forecast period. The high awareness and demand, especially in Japan and India, in terms of gaming supports the graphic processors market demand in the Asia Pacific region. Also, the large presence of manufacturing facilities and product innovations in China support the market growth in this region.

Graphic Processors Market Competitive Landscape:

The highly competitive market of graphic processors involves established market players such as Intel, Nvidia, AMD, and Intel. Such market players continuously innovate and expand their market shares through technological advancements due to increased demand for high performance, power efficiency, and increased functionality of GPs. Price competition and shifting consumer preferences are also significant factors that influence the overall market\'s competitiveness. Thus, the market remains dynamic and is estimated to evolve as such companies strive to maintain a strategic presence in market circumstances. Mentioned are market players currently operating in the market circumstances–

• NVIDIA Corporation
• Advanced Micro Devices, Inc.
• Intel Corporation
• ASUSTeK Computer Inc.
• GIGA-BYTE Technology Co., Ltd.
• ZOTAC
• EVGA® Corporation
• Micro-Star INTL CO., Ltd.
• SAPPHIRE Technology Limited.
• Imagination Technologies
• ADLINK Technology Inc.

Recent Developments

• In June 2021, Klas Government Inc. introduced the VoyagerGPU for AI, machine learning, video processing, and transcoding at the network edge.

• In January 2022, Samsung Electronics, a leader in semiconductor technology, revealed a premium mobile processor called Exynos 2200. The product features a new design with a powerful AMD RDNA 2 architecture and a Samsung Xclipse GPU.

• In March 2022, Intel introduced the Arc series of GPUs for laptops and desktops. The laptops are equipped with the Arc 3 GPU that is designed for improved gaming and content creation. The products were available for pre-order, however, laptops featuring the more advanced Arc 5 and Arc 7 GPUs for high-performance gaming were expected to be released later in the same year.

• In April 2022, AMD launched the Radeon RX 6400 GPU in collaboration with ASRock, Biostar, and others.
In July 2022, Samsung Electronics, a leader in advanced memory technology, announced that the business had started offering samples of the industrys first 16-gigabit Gb GDDR6 DRAM with 24Gbps processing speeds.