Graphic Processor Market To Reach $357.99 Billion By 2030

Graphic Processor Market Growth & Trends

The global graphic processor market size is anticipated to reach USD 357.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 27.7% from 2023 to 2030. Graphics processors or graphics processing units (GPUs) are specialized hardware components that execute intricate tasks essential for seamlessly rendering images, graphics, and visual content on computer screens. Graphic processors are instrumental in expediting various operations related to graphics, video playback, gaming, and assorted applications demanding substantial computational prowess.

These units are optimized for parallel processing, enabling them to perform multiple calculations simultaneously. This proficiency in parallel processing endows GPUs with remarkable proficiency in tasks necessitating the manipulation of extensive datasets, encompassing domains such as creating 3D graphics and rendering high-resolution images and videos.

The consistent progression of graphics technology, characterized by continuous innovation that enhances performance, energy efficiency, and feature richness in GPUs, is propelling the growth of the market. The thriving gaming industry significantly contributes to the growth of the market. A growing desire marks the industry's expansion for top-tier graphics quality and immersive experiences. Gamers and developers rely heavily on GPUs to attain visually striking and responsive gameplay. Furthermore, the pervasive adoption of artificial intelligence (AI) and machine learning (ML) has substantially increased demand for GPUs.

Based on component, the hardware segment held the largest market share in 2022 with a considerable CAGR over the forecast period. The hardware component encompasses vital elements: Printed Circuit Boards (PCBs) for GPU interconnections; VRAM modules for swift data storage; cooling solutions; interface outputs; power connectors; and BIOS. Innovations like ray tracing and AI acceleration cores broaden the spectrum, enhancing visuals and computation. The catalyst for hardware evolution is advanced video games with intricate graphics. Growing realism elevates the demand for robust hardware, especially high-performance GPUs that immerse gamers in fluid, immersive environments. This demand spurs hardware innovation.

The outbreak of the COVID-19 pandemic in early 2020 deeply impacted global economies and industries, and the market for graphic processors was no exception. As nations enforced lockdowns, restricted movements, and businesses embraced remote operations, there was a surge in demand for electronic devices, accompanied by disruptions in supply chains. As businesses and individuals adapted to remote work setups and online engagement, the demand for enhanced digital experiences surged, amplifying the significance of graphic processors. The gaming sector bloomed exceptionally during the pandemic. With more people seeking entertainment options at home, the gaming industry witnessed a remarkable upswing. This translated to heightened demand for graphic processors, as gamers sought immersive visuals and seamless gameplay.

The market is characterized by intense competition among prominent participants. These major players invest substantially in Research and Development (R&D) initiatives to propel innovation and maintain a competitive edge. Some prominent players in the market include NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Intel Corporation, Qualcomm Incorporated, and Samsung Electronics Co., Ltd., among others. These key players are implementing diverse development strategies to strengthen their market presence and expand their share. These strategies encompass activities such as introducing new product offerings through launches, executing strategic mergers and acquisitions, and exploring innovative approaches to bolster their standing within the market.

In August 2023, Advanced Micro Devices, Inc. (AMD) made a significant announcement concerning unveiling a fresh lineup of RX 7000 series GPUs during the event Gamescom 2023. The central focus of these newly unveiled RX 7000 series GPUs rests upon an advanced architecture, promising substantial strides in both performance and power efficiency. The newly launched GPUs aim to deliver cutting-edge performance and features that cater to modern gaming and content creation demands. Within the RX 7000 series, each graphic card is tailored to different market segments, offering varied performance levels and features, allowing users to choose the GPU that best suits their needs and budget.

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Graphic Processor Market Report Highlights

• GPUs are ideally suited for AI and machine learning workloads due to their parallel processing architecture. This accelerates training and inference tasks, allowing for faster model development and deployment in various applications

• Moreover, GPUs offer better energy efficiency compared to traditional CPUs. Their architecture allows for higher throughput and performance per watt, making them a preferred choice for power-conscious applications like data centers

• In terms of component, the services segment is projected to grow at the fastest CAGR of 29.9% over the forecast period. The services segment encompasses a range of offerings that complement and enhance graphic processors' utilization, facilitating seamless integration into various applications and industries

• Based on type, the integrated graphic processors segment dominated the market in 2022 with a market share of 43.8% and is anticipated to register a CAGR of 26.4% from 2023 to 2030

• In terms of deployment, the cloud segment is projected to grow at the fastest CAGR of 28.4% over the forecast period. The innovative cloud GPU technology introduces a paradigm shift, offering the experience of a high-performance graphics card within the cloud environment, as opposed to conventional local hardware configurations

• The media & entertainment segment is anticipated to register the fastest CAGR of 31.2% over the forecast period. The increasing demand for high-quality, visually captivating content is a driving force for the segment growth. Moreover, the GPUs provide the processing power required to manipulate and render intricate visual elements swiftly, thus facilitating the creation of dynamic visual narratives and immersive experiences

Graphic Processor Market Segmentation

Grand View Research has segmented the global graphic processor market based on component, type, deployment, application, and region:

Graphic Processor Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

Graphic Processor Type Outlook (Revenue, USD Million, 2017 - 2030)

• Integrated

• Discrete

• Hybrid

Graphic Processor Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise

• Cloud

Graphic Processor Application Outlook (Revenue, USD Million, 2017 - 2030)

• Consumer Electronics

• IT & Telecommunication

• Healthcare

• Media & Entertainment

• Others

Graphic Processor Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • India

  • China

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • Kingdom of Saudi Arabia (KSA)

  • UAE

  • South Africa

List of Key Players in Graphic Processor Market

• NVIDIA Corporation

• Advanced Micro Devices, Inc. (AMD)

• Intel Corporation

• Qualcomm Incorporated

• Samsung Electronics Co., Ltd.

• Imagination Technologies

• VIA Technologies, Inc.

• Matrox Electronic Systems Ltd.

• IBM