Global Integrated Graphic Processor Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Integrated Graphic Processor is a graphics chip that is integrated into a computer’s motherboard. The IGP serves the same purpose as a video card, no separate graphics or video memory bank is used by integrated graphics hardware. Instead, the GPU makes use of shared system memory with the CPU. The Integrated Graphic Processor market is expanding because of factors such as rising adoption of artificial intelligence and growing advancement of technology and the need for fast calculations.
According to Statista, in 2020, the global graphics processing unit market was valued at USD 25.41 billion, and estimated to rise to 246.51 billion U.S. dollars by 2028, growing at a compound annual growth rate of 32.82 % from 2021 to 2028. Another important component driving space increase is rising adoption of artificial intelligence. In 2020, the global artificial intelligence (AI) market, which consists of the software, hardware, and services sectors, generated about 281.4 billion USD. According to estimates, the AI software market contributed 247.7 billion US dollars, or 88 percent, of the entire AI market revenues in that year. The market for artificial intelligence is expected to generate 327.5 billion US dollars in 2021, a further growth in revenue .However, the high integration cost of Integrated Graphic Processors stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Integrated Graphic Processor Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the factors such as growing advancement of technology and need for fast calculations According to Statista, in 2022, the artificial intelligence market in North America is projected to reach around USD 24.9 billion, considered to be major regional artificial intelligence market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increase in investment in building game zones and infrastructure development in the market space.
Major market players included in this report are:
Advanced Micro Devices, Inc
ASUSTeK Computer Inc
GIGA-BYTE Technology Co
VIA Technologies, Inc
SAPPHIRE Technology Limited
Imagination Technologies Limited
Recent Developments in the Market:
? In September 2019 - NVIDIA and ASUS announced that the Quadro RTX 6000 GPU will power the ASUS ProArt StudioBook One. It joins 11 other new RTX studio systems, launched in time for IFA, and brings the total number of RTX Studio systems to 39.
? In Nov 2022 NVIDIA Partners with NHS Trusts to Deploy AI Platform in UK Hospitals. The complexity of medical workflows from R&D to the clinic is being reduced through MONAI. As a result, a model that is ready for clinical integration may be created, making it simpler to interpret medical examinations and unlock new levels of patient knowledge. It also enables developers to quickly create and deploy AI applications.
Global Integrated Graphic Processor Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Industrial Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Industrial Vertical:
Media & Entertainment
Aerospace & Defense
Rest of the World