Computer Graphics Market Size, Share, Trends, Growth 2030

Computer Graphics Industry Perspective:

The global computer graphics market size was evaluated at $25.5 Billion in 2022 and is slated to hit $35.1 Billion by the end of 2030 with a CAGR of nearly 9.1% between 2023 and 2030.

The computer graphics market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The computer graphics industry report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Computer Graphics Market: Overview

Computer graphics produces images and art pictures with the help of computers. Today, computer graphics has proved to be a main technology in video games, online photography, digital art, and computer displays. A large number of specialized software and hardware are developed for computers with displays of the latter aided by the computer graphics hardware. Moreover, computer graphics include implicit surface visualization with ray tracing, 3D modeling, vector graphics, user interface design, GPU design, computer vision, sprite graphics, shaders, and others. The methodology of computer graphics is based on geometry, physics, and optics. Reportedly, computer graphics can display pictures in a very effective as well as meaningful manner in a concise way to the users. Furthermore, it takes data from the physical world for processing images. Computer graphics has brought a paradigm shift in graphic design, movies, animation, video games, and advertising.

Key Insights

• As per the analysis shared by our research analyst, the global computer graphics market is projected to expand annually at the annual growth rate of around 9.1% over the forecast timespan (2023-2030)
• In terms of revenue, the global Computer Graphics market was evaluated at nearly $25.5 billion in 2022 and is expected to reach $35.1 billion by 2030.
• The global market is anticipated to record massive growth over the forecast period owing to the surging application of computer graphics in the media & entertainment sector for 3D animation as well as image processing.
• Based on software, the animation segment is predicted to register the highest CAGR during the forecast timeline.
• In terms of vertical, the entertainment & advertising segment is slated to dominate the global market over 2023-2030.
• On basis of end-user, the large enterprises segment is projected to dominate the global market share during the assessment period.
• Region-wise, the Asia-Pacific computer graphics market is projected to dominate the global market during the assessment period.

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Computer Graphics Market: Growth Factors

Escalating demand for 3D animation effects in movies and media & entertainment sector to steer the global market trends

Surging application of computer graphics in the media & entertainment sector for 3D animation as well as image processing will boost the global computer graphics market trends. The rise in the use of smartphones, tablets, iPhones, and MacBooks will spearhead the expansion of the market across the globe. The growing trend of using computer graphics in the construction, civil engineering, healthcare, automotive, manufacturing, and apparel sectors will expand the scope of growth of the market globally. Changing customer behavior towards the use of new software with different presets will embellish the growth of the global computer graphics market.

Furthermore, the convenience of flexible & seamless support for producing characters as well as objects in high-definition view can boost the expansion of the computer graphics market across the globe.  The increase in the uploading of games on smartphones and the rising trend of esports has contributed majorly towards the growth of the computer graphics market across the globe.

Computer Graphics Market: Hindrances

Necessity of consistently updating 3D computer graphics can inhibit industry growth globally

The need for constantly upgrading 3D computer graphics will require hardware charges and this will restrict the scope of growth for the computer graphics industry across the globe. Moreover, the key purview of designing requires knowledge of graphical software and hence the use of computer graphics is not user-friendly. This, in turn, can impede the expansion of the global industry.

Computer Graphics Market: Opportunities

Availability of computer graphics at reasonable costs can open new growth avenues for the global market 

The thriving gaming and film industry will open new growth avenues for the global computer graphics market in the forthcoming years. The cost-effectiveness of computer graphics is likely to open new vistas of growth for the market across the globe.  

Computer Graphics Market: Challenges

Rise in the costs of enhancing visual effects can prove a challenging task for the global industry surge

An increase in the charges for improving the visual effects of videos along with the inability of computer graphics to understand or simulate real-world issues can pose a huge challenge to the growth of the global industry.

Computer Graphics Market: Segmentation

The global computer graphics market is sectored into software, service, end-user, vertical, and region.   

In terms of software, the global computer graphics market is divided into the simulation, CAD/CAM, imaging, digital video, and animation segments. Furthermore, the animation segment, which contributed a major share of the global market in 2022, is projected to register the highest CAGR of 6.9% over the forecast timeline. The growth of the segment over the forecast period can be due to the massive use of computer graphics in animation effects that finds humongous application in the media & entertainment industry. Moreover, technological breakthroughs in computer graphics have brought an improvement in 3D animation effects used in the media & entertainment industry, thereby driving the segmental surge.  

Based on the end-user, the global computer graphics industry is sectored into small & medium businesses and large enterprises segments. Furthermore, the large enterprises segment, which contributed more than one-third of the global industry share in 2022, is slated to contribute majorly towards the global industry share over the projected timeframe. Additionally, the growth of the segment over 2023-2030 can be due to the massive use of computer graphics in large enterprises.    

On basis of the vertical, the global computer graphics market is divided into aerospace & defense, architecture, healthcare, academia & education, automotive, entertainment & advertising, manufacturing, and building & construction segments. The entertainment & advertising segment, which accounted for more than 37% of the global market share in 2022, is predicted to account majorly for the global market size even in the next eight years. The growth of the segment during the forecasting timeline can be owing to the growing demand for computer graphics in the entertainment & advertising sector for enhancing the 3D animation effects in the videos.

Based on the services, the computer graphics industry across the globe is segmented into training & support, consulting, and integration segments.

Recent Breakthroughs

• In the first quarter of 2022, AMD declared the launch of next-gen RDNA GPUs at the end of the year. Moreover, the new product launch will help it expand its Radeon 6000 series portfolio in the coming years. The move will provide impetus to the growth of the computer graphics market across the globe.  
• In the first half of 2022, Intel introduced Intel Arc, which is a new graphics technology. The move is aimed at competing against Nvidia as well as AMD. Moreover, the new graphics technology includes the launching of the first graphics card for previewing video. The initiative will help the firm gain a competitive advantage over its business rivals along with contributing majorly towards the computer graphics business of the firm.

Computer Graphics Market: Report Scope

Computer Graphics Market: Regional Insights 

Asia-Pacific Computer Graphics market to contribute majorly towards global market share in 2023-2030

The Asia-Pacific, which accounted for 75% of the global market share in 2022, is anticipated to dominate the global computer graphics market in the forecasting years. The regional market expansion can be subject to the thriving media & entertainment industry in the countries such as China, Indonesia, Japan, and India. A rise in the per capita income of the consumers will drive the growth of the market in the region. For the record, the media & entertainment industry in the Asia-Pacific is set to reach $50 billion by 2030.

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On the other hand, the computer graphics industry in North America is predicted to witness a notable surge over the years ahead. The growth of the industry in North America can be as a result of the easy availability of hardware components at reduced costs in the countries such as the U.S. and Canada. In addition to this, the presence of many visual effects firms in the sub-continent will prompt the regional market surge.

Computer Graphics Market: Competitive Space

The computer graphics market profiles key players such as:

• Walt Disney Animation Studios
• Matrox
• Autodesk Inc.
• Mentor Graphics Inc.
• Oracle PLM
• Advanced Micro Devices (AMD) Inc.
• Warner Bros Animation
• Siemens PLM Software
• Sony Corporation
• Imagination Technologies Limited
• Intel Corporation
• Industrial Light & Magic
• Adobe Systems Ltd.
• ARM Ltd.
• Nvidia Corporation
• Dassault Systèmes SA
• Microsoft Corporation
• SAP PLM
• DreamWorks Animation
• 3D PLM.

The global computer graphics market is segmented as follows:

By Software

• CAD/CAM
• Digital Video
• Simulation
• Imaging
• Animation

By Services

• Consulting
• Training & Support
•  Integration

 By End-User

• Small & Medium Businesses
• Large Enterprises

By Vertical

• Packaging
• Masking
• Consumer & Office
• Healthcare
• Electronics & Electrical
• Automotive
• Paper & Printing
• White Goods
• Retail
• Building & Reconstruction

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa