

In 3D computer graphics, ray tracing is a technique for modeling light transport for use in a wide variety of rendering algorithms for generating digital images.
On a spectrum of computational cost and visual fidelity, ray tracing-based rendering techniques, such as ray casting, recursive ray tracing, distribution ray tracing, photon mapping and path tracing, are generally slower and higher fidelity than scanline rendering methods. Thus, ray tracing was first deployed in applications where taking a relatively long time to render could be tolerated, such as still CGI images, and film and television visual effects (VFX), but was less suited to real-time applications such as video games, where speed is critical in rendering each frame.
The global Ray Tracing market size is projected to grow from US$ 401 million in 2024 to US$ 2525 million in 2030; it is expected to grow at a CAGR of 35.9% from 2024 to 2030.
The “Ray Tracing Industry Forecast” looks at past sales and reviews total world Ray Tracing sales in 2022, providing a comprehensive analysis by region and market sector of projected Ray Tracing sales for 2023 through 2029. With Ray Tracing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ray Tracing industry.
This Insight Report provides a comprehensive analysis of the global Ray Tracing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Ray Tracing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ray Tracing market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ray Tracing and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ray Tracing.
United States market for Ray Tracing is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Ray Tracing is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Ray Tracing is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Ray Tracing players cover NVIDIA, AMD, Imagination Technologies, Intel, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Ray Tracing market by product type, application, key players and key regions and countries.
Segmentation by Type:
Forward Ray Tracing
Backward Ray Tracing
Segmentation by Application:
Movies
Video Games
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
Forward Ray Tracing
Backward Ray Tracing
Segmentation by Application:
Movies
Video Games
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NVIDIA
AMD
Imagination Technologies
Intel
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ray Tracing Market Size 2019-2030
2.1.2 Ray Tracing Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Ray Tracing by Country/Region, 2019, 2023 & 2030
2.2 Ray Tracing Segment by Type
2.2.1 Forward Ray Tracing
2.2.2 Backward Ray Tracing
2.3 Ray Tracing Market Size by Type
2.3.1 Ray Tracing Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Ray Tracing Market Size Market Share by Type (2019-2024)
2.4 Ray Tracing Segment by Application
2.4.1 Movies
2.4.2 Video Games
2.4.3 Others
2.5 Ray Tracing Market Size by Application
2.5.1 Ray Tracing Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Ray Tracing Market Size Market Share by Application (2019-2024)
3 Ray Tracing Market Size by Player
3.1 Ray Tracing Market Size Market Share by Player
3.1.1 Global Ray Tracing Revenue by Player (2019-2024)
3.1.2 Global Ray Tracing Revenue Market Share by Player (2019-2024)
3.2 Global Ray Tracing Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Ray Tracing by Region
4.1 Ray Tracing Market Size by Region (2019-2024)
4.2 Global Ray Tracing Annual Revenue by Country/Region (2019-2024)
4.3 Americas Ray Tracing Market Size Growth (2019-2024)
4.4 APAC Ray Tracing Market Size Growth (2019-2024)
4.5 Europe Ray Tracing Market Size Growth (2019-2024)
4.6 Middle East & Africa Ray Tracing Market Size Growth (2019-2024)
5 Americas
5.1 Americas Ray Tracing Market Size by Country (2019-2024)
5.2 Americas Ray Tracing Market Size by Type (2019-2024)
5.3 Americas Ray Tracing Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Ray Tracing Market Size by Region (2019-2024)
6.2 APAC Ray Tracing Market Size by Type (2019-2024)
6.3 APAC Ray Tracing Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Ray Tracing Market Size by Country (2019-2024)
7.2 Europe Ray Tracing Market Size by Type (2019-2024)
7.3 Europe Ray Tracing Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Ray Tracing by Region (2019-2024)
8.2 Middle East & Africa Ray Tracing Market Size by Type (2019-2024)
8.3 Middle East & Africa Ray Tracing Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Ray Tracing Market Forecast
10.1 Global Ray Tracing Forecast by Region (2025-2030)
10.1.1 Global Ray Tracing Forecast by Region (2025-2030)
10.1.2 Americas Ray Tracing Forecast
10.1.3 APAC Ray Tracing Forecast
10.1.4 Europe Ray Tracing Forecast
10.1.5 Middle East & Africa Ray Tracing Forecast
10.2 Americas Ray Tracing Forecast by Country (2025-2030)
10.2.1 United States Market Ray Tracing Forecast
10.2.2 Canada Market Ray Tracing Forecast
10.2.3 Mexico Market Ray Tracing Forecast
10.2.4 Brazil Market Ray Tracing Forecast
10.3 APAC Ray Tracing Forecast by Region (2025-2030)
10.3.1 China Ray Tracing Market Forecast
10.3.2 Japan Market Ray Tracing Forecast
10.3.3 Korea Market Ray Tracing Forecast
10.3.4 Southeast Asia Market Ray Tracing Forecast
10.3.5 India Market Ray Tracing Forecast
10.3.6 Australia Market Ray Tracing Forecast
10.4 Europe Ray Tracing Forecast by Country (2025-2030)
10.4.1 Germany Market Ray Tracing Forecast
10.4.2 France Market Ray Tracing Forecast
10.4.3 UK Market Ray Tracing Forecast
10.4.4 Italy Market Ray Tracing Forecast
10.4.5 Russia Market Ray Tracing Forecast
10.5 Middle East & Africa Ray Tracing Forecast by Region (2025-2030)
10.5.1 Egypt Market Ray Tracing Forecast
10.5.2 South Africa Market Ray Tracing Forecast
10.5.3 Israel Market Ray Tracing Forecast
10.5.4 Turkey Market Ray Tracing Forecast
10.6 Global Ray Tracing Forecast by Type (2025-2030)
10.7 Global Ray Tracing Forecast by Application (2025-2030)
10.7.1 GCC Countries Market Ray Tracing Forecast
11 Key Players Analysis
11.1 NVIDIA
11.1.1 NVIDIA Company Information
11.1.2 NVIDIA Ray Tracing Product Offered
11.1.3 NVIDIA Ray Tracing Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 NVIDIA Main Business Overview
11.1.5 NVIDIA Latest Developments
11.2 AMD
11.2.1 AMD Company Information
11.2.2 AMD Ray Tracing Product Offered
11.2.3 AMD Ray Tracing Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 AMD Main Business Overview
11.2.5 AMD Latest Developments
11.3 Imagination Technologies
11.3.1 Imagination Technologies Company Information
11.3.2 Imagination Technologies Ray Tracing Product Offered
11.3.3 Imagination Technologies Ray Tracing Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Imagination Technologies Main Business Overview
11.3.5 Imagination Technologies Latest Developments
11.4 Intel
11.4.1 Intel Company Information
11.4.2 Intel Ray Tracing Product Offered
11.4.3 Intel Ray Tracing Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Intel Main Business Overview
11.4.5 Intel Latest Developments
12 Research Findings and Conclusion
*If Applicable.