PUBLISHER: Orion Market Research | PRODUCT CODE: 1715263
PUBLISHER: Orion Market Research | PRODUCT CODE: 1715263
Graphics Double Data Rate Market Size, Share & Trends Analysis Report by Product Type (GDDR3, GDDR4, GDDR5, GDDR6, GDDR6), and by Application (Autonomous Vehicles, Gaming, Graphic Design, Professional Workstations, Others) Forecast Period (2025-2035)
Industry Overview
Graphics double data rate (GDDR) market was valued at $6,528 million in 2024 and is projected to reach $15,788 million in 2035, growing at a CAGR of 8.4% during the forecast period (2025-2035). GDDR is a performance memory commonly used in graphics cards. Unlike standard double data rate (DDR) memory, GDDR is optimized for the parallel processing demands of graphics rendering. It's designed to deliver high bandwidth, making it ideal for handling the vast amount of data required by modern graphics-intensive applications. Growth in the gaming business, advancement in graphic technologies, adoption in data centers, are some of the major drivers for the graphics double data rate market growth. It is well suited for tasks such as gaming, video editing, and 3D rendering.
Market Dynamics
Expanding Online Gaming Industry
The gaming industry dominates the global economy. Video games including gaming consoles, games for those consoles, and games for other devices such as personal computers are areas of operation in this market. India's online gaming industry is growing rapidly and has been composed to contribute significantly to the nation's economic development. The online gaming industry consists of two major creative sectors Media & Entertainment (M&E) and Animation, Visual Effects, Gaming, and Comics (AVGC). Various initiatives are being taken by the Government of India and the State Governments to promote the Media and Entertainment sector, such as the Cinematograph (Amendment) Bill (2023), the Information Technology (Intermediary Guidelines, Digital Media Ethics Code) Rules (2021), enhanced FDI limits in cable and DTH sectors and others. According to Invest India, transaction-based game revenues increased by 21% in 2022 from 2021. Additionally, Indian gaming raised $2.8 billion from domestic/global investors in the last 5 years. GDDR memory plays a pivotal role in handling large amounts of graphical data in the gaming area. It enables fast data transfer between the GPU and memory, for running graphics-intensive applications.
Rising demand for AI and ML applications
AI and ML have matured into breakthrough technologies, which have wide applications from natural language processing to the automobile sector. Corporations globally have started to invest in AI-enabled solutions. This investment surge will intensify market growth over the next few years. In September 2024, Microsoft made an investment worth $1.3 billion in Mexico in cloud and AI infrastructure. These infrastructures need a large amount of computing power and memory. High-speed memory is critical for AI and ML activities, and GDDR6 memory has a significant role to play in this industry, where the need for high-speed computing power is predominant.
Market Segmentation
The GDDR7 Segment is projected to Hold the Largest Market Share
GDDR7 is the next generation of graphics memory for GPUs. It will be used in a variety of products over the coming years, providing a generational upgrade over the existing GDDR6 and GDDR6X solutions, which then boosts performance in gaming and other types of workloads. GDDR7 will initially start at speeds of 32 GT/s, 60% higher than the fastest GDDR6 memory, and 33% higher than the fastest GDDR6X memory (though no products ever used 24 GT/s speeds). Companies such as Samsung Electronics developed the 24-gigabit (Gb) GDDR71 DRAM. In addition to the industry's highest capacity, the GDDR7 features the fastest speed, positioning itself as the optimum solution for next-generation applications. The 24Gb GDDR7 will be widely utilized in various fields that require high-performance memory solutions, such as data centers and AI workstations, extending beyond the traditional applications of DRAM in graphics cards, gaming consoles, and autonomous driving.
Graphic Design Segment to Hold a Considerable Market Share
The graphic design segment is expected to hold a considerable share of the global GDDR market, owing to the growing demand for advanced visual content creation across various platforms. Industries such as entertainment, media, and advertising continue their evolution, and powerful hardware must be managed by graphic designers to render high-resolution images, animations, and 3D models. GDDR memory is well suited for such requirements, especially the high-end GDDR6 offering high bandwidth along with the fast data transfer capability essential for graphic-intensive tasks. The adoption of high-performance GPUs in professional workstations along with rising complexity in digital media projects also leads to a prime driver for this market.
The global graphics double data rate market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Among all regions, the Asia-Pacific region is anticipated to grow, owing to its robust electronics manufacturing sector and increasing adoption of GDDR in smartphones, advanced robotics, gaming consoles, and other digital devices. According to the International Trade Administration, Japan has the leading manufacturers and robotics companies. In 2022, 45% of all industrial robots globally were initially produced or designed by companies in Japan. Orders for industrial robots from Japanese manufacturers hit a record $7.35 billion in 2022, up 1.6% from 2021. The shift toward adopting automation for packaging and transport has been growing in fields such as logistics, food, and pharmaceuticals. Japan had 631 robots working in the manufacturing sector for every 10,000 humans in 2021. By comparison, the US had 274 robots for every 10,000 humans.
The major companies serving the graphics double data rate market include Samsung Electronics, Micron Technology, Inc., Advanced Micro Devices, Inc. Rockwell Automation Inc., Rambus NVIDIA Corp., and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Developments