Visual Computing Market

Visual Computing Market Outlook (2023 to 2033)

The global visual computing market is poised to surpass USD 32.9 billion by 2023, surging at a remarkable CAGR of 18.4% through 2033 to reach USD 178.0 billion by 2033.

The visual computing market is witnessing increased market penetration due to the rising demand for simulation products and virtual reality. While the PC computing market has seen a decline in attractiveness, primarily due to the decreasing popularity of PC gaming, the global visual computing market is being driven by the growing demand for video content on mobile devices like smartphones, and tablets.

The strengthening data speed of wireless networks and increasing internet penetration in developing markets have played a vital role in supporting the growth of the global visual computing market. Additionally, the growing demand for gaming consoles presents significant opportunities for the expansion of the global visual computing market.

Attribute	Details
Visual Computing Market Size (2023)	USD 32.9 billion
Visual Computing Market Projected Size (2033)	USD 178.0 billion
Visual Computing Market Value-based CAGR (2023 to 2033)	18.4%

Revenue of Visual Computing from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the FMI study, the market for visual computing garnered revenue of around USD 26.9 billion in 2022 and advanced at a growth rate of 22.4% from 2018 to 2022. This growth was driven by increasing demand for simulation products, virtual reality, video content on mobile devices, and gaming consoles.

Looking ahead, the demand outlook for 2023 to 2033 indicates a promising trajectory, with continued growth expected due to advancements in technologies like deep learning, computer vision, and the proliferation of immersive experiences.

Factors such as expanding internet penetration, strengthening data speeds of wireless networks, and the growing adoption of visual computing across industries offer optimistic prospects for sustained revenue growth in the market in the coming years. All these factors are fostering the anticipated market size of USD 178.0 billion by 2033.

What Factors are Expected to Contribute to the Visual Computing Market Growth?

• Increasing demand for simulation products and virtual reality experiences is expected to drive the growth of the visual computing industry, as industries recognize the value of immersive technologies for training, entertainment, and design applications.
• The rising popularity of video content consumption on mobile devices, including smartphones, automotive media systems, and tablets, is anticipated to fuel the demand for visual computing, leading to market growth.
• Expanding internet penetration and improving data speeds of wireless networks in developing markets create opportunities for the visual computing market to reach a wide consumer base and drive adoption across various industries.
• Advancements in technologies such as deep learning, computer vision, and artificial intelligence (AI) are expected to contribute to the growth of the market, enabling sophisticated and accurate visual analysis, recognition, and processing capabilities.
• The growing demand for gaming consoles and the continuous development of immersive gaming experiences are projected to be significant drivers for the visual computing industry, as consumers seek high-quality graphics and realistic virtual environments.
• The integration of visual computing in industries such as healthcare, education, architecture, and automotive is anticipated to propel market growth, as these sectors leverage the power of visual data and rendering for enhanced decision-making, training, and communication.
• Increasing investments in research and development to improve visual computing technologies, optimize algorithms, and enhance hardware capabilities are likely to drive innovation and stimulate market growth further.
• The expansion of augmented reality (AR) and virtual reality (VR) applications in various sectors, including retail, entertainment, and manufacturing, is expected to boost the visual computing market, as these technologies rely on sophisticated visual rendering and processing.
• The growing need for visual analytics and insights across industries, including marketing, surveillance, and healthcare diagnostics, is anticipated to drive the adoption of visual computing solutions, contributing to market growth.

How are the Implementation Complexity, High Costs, and Shortage of Skilled Professionals Likely to Hinder the Market?

• Implementation of visual computing solutions can be complex, requiring expertise in integrating hardware, software, and infrastructure components.
• Visual computing often entails high costs, including investment in specialized equipment, software licenses, and infrastructure upgrades.
• Skilled professionals are needed to develop and manage visual computing systems, which can be a challenge due to the scarcity of qualified experts.
• The initial investment and ongoing maintenance costs associated with visual computing solutions can be prohibitive for organizations with limited financial resources.
• Resource constraints, particularly for small and medium-sized businesses, may limit their accessibility to visual computing technologies, hindering market growth in this segment.

Country-wise Analysis

Which Country is Projected to Offer a Legion of Opportunities for Visual Computing?

The United States of America is projected to offer a legion of opportunities for visual computing, with a thriving market size expected to reach USD 58.0 billion by 2033, significantly aided by the presence of a few top companies in the world, such as Apple, Microsoft, and Google, who are based there.

The country's technological infrastructure, innovative ecosystem, and diverse industry verticals provide a fertile ground for the growth and adoption of visual computing solutions. Also, with a strong focus on sectors like gaming, entertainment, healthcare, manufacturing, and automotive, the United States presents a promising landscape for visual computing companies to explore and capitalize on the immense opportunities available in this dynamic market.

What is the Growth Outlook for Visual Computing Industry in China?

The growth outlook for the visual computing industry in China is highly promising with a projected CAGR of 19.5% during the forecast period with a market size of USD 15.4 billion by 2033.

The country offers a fertile ground for visual computing innovation and adoption with China's rapid technological advancements, strong manufacturing capabilities, and substantial market size. Further, the increasing demand for augmented reality (AR), virtual reality (VR), gaming, e-commerce, and other visual-intensive applications is driving the growth of the visual computing industry in China.

Government support, investments in research and development, and a growing consumer base also contribute to the positive growth outlook. As China continues to embrace digital transformation and technological innovation, the visual computing industry is expected to thrive and play a pivotal role in shaping the future of various sectors, ranging from entertainment and education to manufacturing and healthcare.

Category-wise Analysis

Why Hardware Component is Projected to Lead the Market?

The hardware component is projected to lead the market due to several factors. The advancements in technology have led to the development of powerful and efficient hardware components, providing the necessary processing capabilities for complex visual computing tasks.

The increasing demand for immersive experiences, such as virtual reality (VR) and augmented reality (AR), requires robust hardware to deliver high-quality graphics and seamless performance, in turn, fostering the segment’s growth.

The integration of visual computing in various industries, including gaming, healthcare, and automotive, necessitates hardware components that can handle the computational requirements is also expected to boost the market growth. Moreover, the significant growth of data-intensive applications and the need for real-time analytics drive the demand for powerful hardware to process and analyze vast amounts of visual data.

Which Industry is Anticipated to Top the Visual Computing Industry?

The gaming industry is anticipated to top the visual computing industry, achieving an 18.2% CAGR from 2023 to 2033. The demand for visually stunning and realistic gaming experiences drives the need for cutting-edge visual computing technologies, such as high-performance graphics cards, rendering techniques, and real-time visual processing.

Gaming is expected to remain a key driver in pushing the boundaries of the visual computing industry, fueling innovation and shaping the future of immersive entertainment as it continues to evolve and expand.

How Intense is the Competition in the Visual Computing Industry?

The competition in the visual computing industry is intense and dynamic, driven by the constant quest for innovation, technological advancements, and market dominance. Further, established players, emerging startups, and technology giants engage in fierce competition are vying for market share and supremacy.

Companies compete on various fronts, including product portfolio, performance, price, reliability, scalability, and customer support.

Continuous research and development efforts are undertaken to enhance visual computing technologies, improve rendering capabilities, and develop more efficient algorithms. Furthermore, strategic partnerships, collaborations, and acquisitions play a crucial role in gaining a competitive edge and expanding market reach.

The industry's rapid evolution and growing demand across sectors such as gaming, entertainment, healthcare, and automotive fuel the competitive landscape. To stay ahead, companies invest in talent acquisition, intellectual property, and cutting-edge research, ensuring they are at the forefront of emerging trends and technologies.

In the fiercely competitive environment, innovation, differentiation, and customer-centric solutions are paramount to achieving sustained success in the dynamic visual computing industry.

Key Players Profiled in the Global Market

• Nvida Corporation
• Intel Corporation
• Advanced Micro Devices, Inc
• Arm Ltd
• Imagination Technologies Ltd
• Matrox
• BioDigital Inc.
• Exxact Corporation
• Cubix Corporation
• Sony

Recent Development in the Market for Visual Computing

• NVIDIA introduced an automotive-grade Tegra processor for automakers. Its flexible design bridge a gap between electronics and in-vehicle systems. Moreover, its system-on-a-chip integrates specialized and image processor, and GPU.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
  • 5.1. Hardware
  • 5.2. Software
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display Platform
  • 6.1. Interactive Whiteboard
  • 6.2. Interactive Kiosk
  • 6.3. Interactive Table
  • 6.4. Interactive Video Wall
  • 6.5. Monitor
  • 6.6. Others
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
  • 7.1. Gaming
  • 7.2. Media & Entertainment
  • 7.3. Healthcare
  • 7.4. Automotive
  • 7.5. Manufacturing
  • 7.6. Defense & Intelligence
  • 7.7. Others
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Europe
  • 8.4. Asia Pacific
  • 8.5. MEA
• 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. Key Countries Market Analysis
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. Nvidia Corporation
  • 16.2. Intel Corporation
  • 16.3. Advanced Micro Devices, Inc.
  • 16.4. Arm Ltd.
  • 16.5. Imagination Technologies Ltd.
  • 16.6. Matrox
  • 16.7. BioDigital Inc.
  • 16.8. Exxact Corporation
  • 16.9. Cubix Corporation
  • 16.10. Sony
• 17. Assumptions & Acronyms Used
• 18. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Industry , 2018 to 2033

Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 8: North America Market Value (US$ Million) Forecast by Industry , 2018 to 2033

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 11: Latin America Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 12: Latin America Market Value (US$ Million) Forecast by Industry , 2018 to 2033

Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 15: Europe Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 16: Europe Market Value (US$ Million) Forecast by Industry , 2018 to 2033

Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Asia Pacific Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 19: Asia Pacific Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 20: Asia Pacific Market Value (US$ Million) Forecast by Industry , 2018 to 2033

Table 21: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 22: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 23: MEA Market Value (US$ Million) Forecast by Display Platform, 2018 to 2033

Table 24: MEA Market Value (US$ Million) Forecast by Industry , 2018 to 2033

List of Figures

Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Industry , 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 11: Global Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 12: Global Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 13: Global Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 14: Global Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 17: Global Market Attractiveness by Component, 2023 to 2033

Figure 18: Global Market Attractiveness by Display Platform, 2023 to 2033

Figure 19: Global Market Attractiveness by Industry , 2023 to 2033

Figure 20: Global Market Attractiveness by Region, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Component, 2023 to 2033

Figure 22: North America Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 23: North America Market Value (US$ Million) by Industry , 2023 to 2033

Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 28: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 31: North America Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 34: North America Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 37: North America Market Attractiveness by Component, 2023 to 2033

Figure 38: North America Market Attractiveness by Display Platform, 2023 to 2033

Figure 39: North America Market Attractiveness by Industry , 2023 to 2033

Figure 40: North America Market Attractiveness by Country, 2023 to 2033

Figure 41: Latin America Market Value (US$ Million) by Component, 2023 to 2033

Figure 42: Latin America Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 43: Latin America Market Value (US$ Million) by Industry , 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 54: Latin America Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 57: Latin America Market Attractiveness by Component, 2023 to 2033

Figure 58: Latin America Market Attractiveness by Display Platform, 2023 to 2033

Figure 59: Latin America Market Attractiveness by Industry , 2023 to 2033

Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 61: Europe Market Value (US$ Million) by Component, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 63: Europe Market Value (US$ Million) by Industry , 2023 to 2033

Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 71: Europe Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 72: Europe Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 75: Europe Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 76: Europe Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 77: Europe Market Attractiveness by Component, 2023 to 2033

Figure 78: Europe Market Attractiveness by Display Platform, 2023 to 2033

Figure 79: Europe Market Attractiveness by Industry , 2023 to 2033

Figure 80: Europe Market Attractiveness by Country, 2023 to 2033

Figure 81: Asia Pacific Market Value (US$ Million) by Component, 2023 to 2033

Figure 82: Asia Pacific Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 83: Asia Pacific Market Value (US$ Million) by Industry , 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 94: Asia Pacific Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 97: Asia Pacific Market Attractiveness by Component, 2023 to 2033

Figure 98: Asia Pacific Market Attractiveness by Display Platform, 2023 to 2033

Figure 99: Asia Pacific Market Attractiveness by Industry , 2023 to 2033

Figure 100: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 101: MEA Market Value (US$ Million) by Component, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) by Display Platform, 2023 to 2033

Figure 103: MEA Market Value (US$ Million) by Industry , 2023 to 2033

Figure 104: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 105: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 106: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 107: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 108: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 109: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 110: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 111: MEA Market Value (US$ Million) Analysis by Display Platform, 2018 to 2033

Figure 112: MEA Market Value Share (%) and BPS Analysis by Display Platform, 2023 to 2033

Figure 113: MEA Market Y-o-Y Growth (%) Projections by Display Platform, 2023 to 2033

Figure 114: MEA Market Value (US$ Million) Analysis by Industry , 2018 to 2033

Figure 115: MEA Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033

Figure 116: MEA Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033

Figure 117: MEA Market Attractiveness by Component, 2023 to 2033

Figure 118: MEA Market Attractiveness by Display Platform, 2023 to 2033

Figure 119: MEA Market Attractiveness by Industry , 2023 to 2033

Figure 120: MEA Market Attractiveness by Country, 2023 to 2033