The global computer graphics market is set to experience significant growth. It’s predicted to make over US$ 208.5 million in revenue by 2023 and is expected to reach an impressive US$ 464.2 million by 2033. This growth will happen steadily, with an average yearly increase of 8.3% over the forecast period.
Because the entertainment industry really wants more and more computer graphics, we think the computer graphics market will keep growing for a while.
People really like 3D animations and 3D movies, and that’s making the computer graphics market bigger too. Also, as more people use graphic software, enjoy entertainment, and use smartphones, there will be even more chances for the computer graphics market to grow worldwide.
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What does the future look like for the computer graphics industry?
- As more industries rely heavily on computers, there are many opportunities for computer graphics experts in the coming years. The field is growing thanks to advancements in computer programming and the increasing use of computer graphics in various applications.
- The future looks exciting, with 3D printing and augmented reality expected to bring about big changes in graphic design. The rising popularity of 3D printing means that designers will need to keep up with the latest trends and work faster to meet the growing demand.
- Whether it’s interactive or non-interactive computer graphics, both have been steadily growing in recent years, and this trend is expected to continue into the future.
- More and more, businesses in areas like advertising, online shopping, and digital media are looking for really good pictures and videos. This is creating a good opportunity for companies that make computer graphics.
Key Takeaways from the Computer Graphics Market Report:
- In 2022, the market for computer graphics in the United States accounted for 17.2% of the global computer graphics industry.
- On a global level, Germany accounted for 8.2% of the global market for computer graphics in 2022.
- Japan represented 7.5% of the value share of the global computer graphics industry in 2022.
- The market for computer graphics in China is expected to achieve a CAGR of 7.2% during the forecast period.
- India’s computer graphics industry shows significant growth potential with a projected CAGR of 10.5% from 2023 to 2033.
- The industry for computer graphics in the United Kingdom is predicted to progress steadily with a CAGR of 6.5% during the projected period.
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Recent Developments in the Computer Graphics Market:
- In January 2021, Qualcomm Technologies, Inc. agreed to buy NUVIA for about US$ 1.4 billion. This deal, which still needs regulatory approval, will help Qualcomm enhance its Snapdragon technology, making it much better in terms of CPU performance and energy efficiency, especially for the 5G era.
- In February 2022, AMD acquired Xilinx in a stock-based deal that they had announced back in October 2020. This move made AMD a major player in high-performance and adaptive computing, giving it a strong position in various technology products. They anticipate this acquisition will boost their financial performance in the first year. Overall, this deal allowed AMD to combine forces with Xilinx to become a leading company in high-performance computing.
- In March 2022, Intel introduced Intel Arc, a new graphics technology to compete with Nvidia and AMD. They released a video previewing the first graphics card in the series, which came out in 2022. These graphics cards are making gaming on thin laptops and desktop computers more powerful.
Leading Key Players:
- Advanced Micro Devices (AMD) Inc.
- ARM Ltd.
- Intel Corporation
- Imagination Technologies Limited
- NVIDIA Corporation
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Computer Graphics Market Segmentation:
By Component:
- Computer Graphics Hardware
- Computer Graphics Application software
By Application:
- Computer Graphics for CAD
- Computer Graphics for Image Processing
- Computer Graphics for Entertainment (3D/Animation/Visual Effects (VFX))
- Computer Graphics for User Interfaces
- Computer Graphics for Other Applications (Education Graphics, etc.)
By Region:
- North America
- Europe
- Asia Pacific (APAC)
- The Middle East and Africa (MEA)
- South America
Author By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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