PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388786
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1388786
Graphic processors are used to increase a variety of duties, such as the mapping, analysis, and creation of complex 3D structures. This technology is anticipated to unleash its potential in the entertainment and gaming industries. Rising consumer spending on tablets, laptops, and smartphones is fueling the growth of the gaming application market, this in turn, is expected to increase the demand for graphics processors to deliver high-speed and high-visual gaming applications.
The gaming industry is a major factor in the graphic processors market with the rising popularity of high-definition gaming, e-sports, and virtual reality, the demand for powerful GPUs has surged. Additionally, high-performance GPUs are needed as players seek realistic and immersive gaming experiences with smooth frame rates and high-resolution graphics. Moreover, continuous advancement in graphics technologies is one of the key factors contributing to the graphic processors market growth. In line with this, to meet the demands of graphics-intensive applications, manufacturers are continuously pushing the limits of GPU performance. As a result, high-end GPUs with advanced architectures, enhanced capabilities for parallel processing, and higher memory capacities are being developed. On the other side, fluctuation in the prices and easy availability of alternate solutions are the restraining factors for the growth of the graphic processors market.
The global graphic processor market is segmented on the basis of type, component, application, deployment, and region.
The market is divided into three categories based on type: hybrid, integrated, and discrete. The integrated segment is accounted to grow at the highest growth rate in the forecast period. These cards are specially tailored for entry-level laptops, prioritizing functionality compared to high graphical demands. Additionally, integrated cards entail greater system memory utilization, potentially aiding in decreasing the overall performance of the system during resource-intensive tasks such as gaming or image editing. These cards provide economic benefits by conserving energy, curbing costs, and reducing noise emissions associated with graphics solutions.
The market is divided into four categories based on application: media & entertainment, consumer electronics, healthcare, it & telecommunication, and others. The consumer electronics segment is likely to maintain its dominance in the future. In the consumer electronics industry, GPUs are paramount, serving as the cornerstone of computational capabilities and enhanced visual experiences. The rising demand for visually immersive applications and content, spanning from high-definition video streaming to mobile gaming, fuels the growth of the market. In line with this, the increasing trend of various devices, such as 2-in-1 laptops and hybrid tablets, boosts the integration of versatile graphics solutions.
Asia Pacific is accounted to lead the overall market share during the forecast period. The explosive growth of the gaming market as the region is a hotspot for game consumption and development, with a huge audience expecting visually impressive and immersive gaming experiences is witnessing growth for the region. Additionally, the graphic processor unit (GPU) plays an essential role in enabling developers to build cutting-edge games and achieve the demands of the discerning gaming community. Furthermore, emphasizing emerging technologies such as robotics, autonomous vehicles, and artificial intelligence in the region further drives the demand for GPUs.
Prominent participants in the market engage in intense competition, these key players invest significantly in Research and Development initiatives to propel innovation and maintain a competitive edge in the market landscape. Moreover, key players are adopting diverse development strategies to strengthen their market presence and expand their market share. These strategies encompass activities including executing strategic mergers and acquisitions, exploring innovative approaches, and introducing new product offerings through launches to bolster their standing within the industry. For instance, in September 2022, NVIDIA introduced the GeForce RTX 40 Series of GPUs, built to transfer revolutionary performance for creators and gamers, led by its new flagship, the RTX 4090 GPU, with up to 4x the efficiency of its predecessor.
For instance, in November 2022, AMD announced new graphics cards built on the next-generation high-performance, energy-efficient AMD RDNA 3 architecture - the AMD Radeon RX 7900 XTX and Radeon RX 7900 XT graphics cards.
The scope of this report covers the market by its major segments, which include as follows: