Graphic Processor Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By Type (Integrated, Discrete, Hybrid), By Deployment (On-premise, Cloud), By Application (Consumer Electronics, IT & Telecommunication, Healthcare, Media & Entertainment, Others), And By Geography - Forecasts From 2024 To 2029

The graphic processor market is expected to show steady growth during the forecast period.

A graphics processor, also known as a GPU (Graphics Processing Unit), is a specialized electronic circuit designed to quickly manipulate and alter memory to speed up the creation of images, animations, and videos. GPUs are most commonly found in computer graphics and video game consoles, where they handle complex calculations required for rendering and displaying high-quality graphics on screens. The growing gaming industry and the technological advancements in graphic processors contributed to the graphic processor market growth.

Market Drivers

• Increasing smartphone users propelled the graphic processor market growth.

The graphic processor plays a vital role which enables smooth and immersive gaming experiences in smartphones. They handle tasks such as rendering advanced graphics, physics simulations, and high frame rates, permitting users to enjoy visually appealing and interactive games on their devices. Due to their advanced capabilities, they are an ideal option for the smartphone industry to improve the capabilities of smartphones. Increasing smartphone users bolsters the graphic processor market upwards. For instance, the majority of Canadians aged 15 to 44 (96%) reported owning a smartphone in 2020. The percentage of seniors who own a smartphone increased from 43% in 2018 to 54% in 2020.

• Technological advancement in graphic processors accelerated the growth of the graphic processor market.

Graphic Processors are becoming increasingly essential in a variety of industries, ranging from gaming and entertainment to artificial intelligence and machine learning. Continuous technological ladvancements in graphic processors increased the adoption of GPUs in numerous sectors. The consistent increase in transistor count is an important factor in GPU advancement. GPUs can handle more complex tasks and perform calculations faster as the number of transistors on a chip increases. Therefore, Advanced Micro Devices provides AMD Instinct MI300X which offers 153 billion transistors count with a peak INT8 performance of 2.6 POPs.

• The growing gaming industry drives the graphic processor market growth.

The rise of competitive gaming and esports fueled the demand for powerful graphic processors. To compete at the professional level, players and teams require high-performance hardware that can maintain high frame rates and quick response times while also ensuring smooth gameplay and minimizing input lag. Hence, GPUs are specialized sections of hardware that are designed to handle and render complex graphics and visual effects that fulfill the requirements of the gaming industry and provide realistic and immersive gaming experiences. This contributed to the graphic processor market growth.

Asia Pacific is expected to grow significantly in the Graphic Processor market.

Asia Pacific is projected to account for a significant share of the graphic processor market due to the increasing number of smartphone users and favorable investment opportunities in the gaming industry. For instance, according to the Minister of Information and Broadcasting, India has over 1.2 billion mobile phone users and 600 million smartphone users and expected to increase in upcoming years. Additionally, the Government of India approved 100% Foreign Direct Investment (FDI) in the gaming sector, which signifies that foreign investors can invest freely in India's gaming industry. This provides opportunities for gaming startup founders to secure funding from both domestic and foreign investors.

Market Restraints

• Heating issues may restrain the growth of the graphic processors market.

Overheating is a common problem that can cause a graphic processor to perform insufficiently. When a GPU overheats, it can cause the system to slow down, resulting in game or screen instability. This may limit the adoption of graphic processors which may affect the market growth.

Market Developments

• August 2023- AMD introduced two new enthusiast-class graphics cards, the AMD Radeon RX 7800 XT and Radeon RX 7700 XT. The new graphics cards are designed to deliver incredibly high-performance, high-refresh 1440p gaming experiences.
• November 2022- Advanced Micro Devices (AMD) introduced two new graphics cards based on the next-generation high-performance, energy-efficient AMD RDNA 3 architecture, the AMD Radeon RX 7900 XTX and Radeon RX 7900 XT. They provide exceptional performance as well as exceptional energy efficiency to power high-framerate 4K and higher-quality gaming in the most demanding titles.
• January 2022- Samsung Electronics unveiled the Exynos 2200, a new premium mobile processor. The Exynos 2200 is a newly designed mobile processor with a powerful AMD RDNA 2 architecture-based Samsung Xclipse graphics processing unit (GPU). Samsung designed the Exynos 2200 to provide the best possible experience for smartphone users.

Company Products

• GeForce RTX 4090- NVIDIA GeForce RTX 4090 GPUs are lightning-fast for gamers and content creators. They are powered by NVIDIA's ultra-efficient Ada Lovelace architecture, providing a quantum leap in efficiency and AI-powered graphics. It features 24 GB of G6X memory to provide the best experience for gamers and creators and a max display resolution of 4K at 240Hz or 8K at 60Hz, with DSC.
• Adreno 660 GPU- Qualcomm Technologies offers an Adreno 660 GPU which is intended to render complex geometries quickly for next-level visuals in games and apps while also providing super-fast adaptability and superior mobile connection for truly engaging interactions. Adreno 660 GPU renders graphics 35% faster than its predecessor and delivers 20% more power efficiency.
• IMG DXD- Imagination Technologies IMG DXD is the first in a new line of outstanding performance GPU IP with Direct X support. IMG DXD is built for cloud gaming and desktop graphics, with API support for popular PC games and Windows-based applications. It provides 2.25x the graphics performance per core of the IMG BXT.

Segmentation

• By Component
  • Hardware
  • Software
  • Services
• By Type
  • Integrated
  • Discrete
  • Hybrid
• By Deployment
  • On-premise
  • Cloud
• By Application
  • Consumer Electronics
  • IT & Telecommunication
  • Healthcare
  • Media & Entertainment
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others