Global Panoramic Ray Tracing Market Growth (Status and Outlook) 2026-2032

June 2026 | 72 pages | ID: GF7CC6F8DAF1EN
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The global Panoramic Ray Tracing market size is predicted to grow from US$ million in 2025 to US$ million in 2032; it is expected to grow at a CAGR of %from 2026 to 2032.

Panoramic Ray Tracing is a specialized form of ray tracing used to create panoramic images, which are 360-degree visual representations of a scene. This technique extends traditional ray tracing, which simulates the way light rays interact with objects in a 3D environment to generate realistic images, by encompassing a full spherical field of view.

United States market for Panoramic Ray Tracing is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

China market for Panoramic Ray Tracing is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Europe market for Panoramic Ray Tracing is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Global key Panoramic 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 2025.

LPI (LP Information)' newest research report, the ?Panoramic Ray Tracing Industry Forecast? looks at past sales and reviews total world Panoramic Ray Tracing sales in 2025, providing a comprehensive analysis by region and market sector of projected Panoramic Ray Tracing sales for 2026 through 2032. With Panoramic Ray Tracing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Panoramic Ray Tracing industry.

This Insight Report provides a comprehensive analysis of the global Panoramic 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 Panoramic Ray Tracing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Panoramic Ray Tracing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Panoramic 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 Panoramic Ray Tracing.

This report presents a comprehensive overview, market shares, and growth opportunities of Panoramic 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
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
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 Panoramic Ray Tracing Market Size (2021-2032)
  2.1.2 Panoramic Ray Tracing Market Size CAGR by Region (2021 VS 2025 VS 2032)
  2.1.3 World Current & Future Analysis for Panoramic Ray Tracing by Country/Region (2021, 2025 & 2032)
2.2 Panoramic Ray Tracing Segment by Type
  2.2.1 Forward Ray Tracing
  2.2.2 Backward Ray Tracing
  2.2.3 Panoramic Ray Tracing Market Size by Type
    2.2.3.1 Panoramic Ray Tracing Market Size CAGR by Type (2021 VS 2025 VS 2032)
    2.2.3.2 Global Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
2.3 Panoramic Ray Tracing Segment by Application
  2.3.1 Movies
  2.3.2 Video Games
  2.3.3 Others
  2.3.4 Panoramic Ray Tracing Market Size by Application
    2.3.4.1 Panoramic Ray Tracing Market Size CAGR by Application (2021 VS 2025 VS 2032)
    2.3.4.2 Global Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)

3 PANORAMIC RAY TRACING MARKET SIZE BY PLAYER

3.1 Panoramic Ray Tracing Market Size Market Share by Player
  3.1.1 Global Panoramic Ray Tracing Revenue by Player (2021-2026)
  3.1.2 Global Panoramic Ray Tracing Revenue Market Share by Player (2021-2026)
3.2 Global Panoramic 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) & (2024-2026)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 PANORAMIC RAY TRACING BY REGION

4.1 Panoramic Ray Tracing Market Size by Region (2021-2026)
4.2 Global Panoramic Ray Tracing Annual Revenue by Country/Region (2021-2026)
4.3 Americas Panoramic Ray Tracing Market Size Growth (2021-2026)
4.4 APAC Panoramic Ray Tracing Market Size Growth (2021-2026)
4.5 Europe Panoramic Ray Tracing Market Size Growth (2021-2026)
4.6 Middle East & Africa Panoramic Ray Tracing Market Size Growth (2021-2026)

5 AMERICAS

5.1 Americas Panoramic Ray Tracing Market Size by Country (2021-2026)
5.2 Americas Panoramic Ray Tracing Market Size by Type (2021-2026)
5.3 Americas Panoramic Ray Tracing Market Size by Application (2021-2026)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Panoramic Ray Tracing Market Size by Region (2021-2026)
6.2 APAC Panoramic Ray Tracing Market Size by Type (2021-2026)
6.3 APAC Panoramic Ray Tracing Market Size by Application (2021-2026)
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 Panoramic Ray Tracing Market Size by Country (2021-2026)
7.2 Europe Panoramic Ray Tracing Market Size by Type (2021-2026)
7.3 Europe Panoramic Ray Tracing Market Size by Application (2021-2026)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Panoramic Ray Tracing by Region (2021-2026)
8.2 Middle East & Africa Panoramic Ray Tracing Market Size by Type (2021-2026)
8.3 Middle East & Africa Panoramic Ray Tracing Market Size by Application (2021-2026)
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 PANORAMIC RAY TRACING MARKET FORECAST

10.1 Global Panoramic Ray Tracing Forecast by Region (2027-2032)
  10.1.1 Global Panoramic Ray Tracing Forecast by Region (2027-2032)
  10.1.2 Americas Panoramic Ray Tracing Forecast
  10.1.3 APAC Panoramic Ray Tracing Forecast
  10.1.4 Europe Panoramic Ray Tracing Forecast
  10.1.5 Middle East & Africa Panoramic Ray Tracing Forecast
10.2 Americas Panoramic Ray Tracing Forecast by Country (2027-2032)
  10.2.1 United States Market Panoramic Ray Tracing Forecast
  10.2.2 Canada Market Panoramic Ray Tracing Forecast
  10.2.3 Mexico Market Panoramic Ray Tracing Forecast
  10.2.4 Brazil Market Panoramic Ray Tracing Forecast
10.3 APAC Panoramic Ray Tracing Forecast by Region (2027-2032)
  10.3.1 China Panoramic Ray Tracing Market Forecast
  10.3.2 Japan Market Panoramic Ray Tracing Forecast
  10.3.3 Korea Market Panoramic Ray Tracing Forecast
  10.3.4 Southeast Asia Market Panoramic Ray Tracing Forecast
  10.3.5 India Market Panoramic Ray Tracing Forecast
  10.3.6 Australia Market Panoramic Ray Tracing Forecast
10.4 Europe Panoramic Ray Tracing Forecast by Country (2027-2032)
  10.4.1 Germany Market Panoramic Ray Tracing Forecast
  10.4.2 France Market Panoramic Ray Tracing Forecast
  10.4.3 UK Market Panoramic Ray Tracing Forecast
  10.4.4 Italy Market Panoramic Ray Tracing Forecast
  10.4.5 Russia Market Panoramic Ray Tracing Forecast
10.5 Middle East & Africa Panoramic Ray Tracing Forecast by Region (2027-2032)
  10.5.1 Egypt Market Panoramic Ray Tracing Forecast
  10.5.2 South Africa Market Panoramic Ray Tracing Forecast
  10.5.3 Israel Market Panoramic Ray Tracing Forecast
  10.5.4 Turkey Market Panoramic Ray Tracing Forecast
10.6 Global Panoramic Ray Tracing Forecast by Type (2027-2032)
10.7 Global Panoramic Ray Tracing Forecast by Application (2027-2032)
  10.7.1 GCC Countries Market Panoramic Ray Tracing Forecast

11 KEY PLAYERS ANALYSIS

11.1 NVIDIA
  11.1.1 NVIDIA Company Information
  11.1.2 NVIDIA Panoramic Ray Tracing Product Offered
  11.1.3 NVIDIA Panoramic Ray Tracing Revenue, Gross Margin and Market Share (2021-2026)
  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 Panoramic Ray Tracing Product Offered
  11.2.3 AMD Panoramic Ray Tracing Revenue, Gross Margin and Market Share (2021-2026)
  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 Panoramic Ray Tracing Product Offered
  11.3.3 Imagination Technologies Panoramic Ray Tracing Revenue, Gross Margin and Market Share (2021-2026)
  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 Panoramic Ray Tracing Product Offered
  11.4.3 Intel Panoramic Ray Tracing Revenue, Gross Margin and Market Share (2021-2026)
  11.4.4 Intel Main Business Overview
  11.4.5 Intel Latest Developments

12 RESEARCH FINDINGS AND CONCLUSION



LIST OF TABLES

Table 1. Panoramic Ray Tracing Market Size CAGR by Region (2021 VS 2025 VS 2032) & ($ millions)
Table 2. Panoramic Ray Tracing Annual Sales CAGR by Country/Region (2021, 2025 & 2032) & ($ millions)
Table 3. Major Players of Forward Ray Tracing
Table 4. Major Players of Backward Ray Tracing
Table 5. Panoramic Ray Tracing Market Size CAGR by Type (2021 VS 2025 VS 2032) & ($ millions)
Table 6. Global Panoramic Ray Tracing Market Size by Type (2021-2026) & ($ millions)
Table 7. Global Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
Table 8. Panoramic Ray Tracing Market Size CAGR by Application (2021 VS 2025 VS 2032) & ($ millions)
Table 9. Global Panoramic Ray Tracing Market Size by Application (2021-2026) & ($ millions)
Table 10. Global Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)
Table 11. Global Panoramic Ray Tracing Revenue by Player (2021-2026) & ($ millions)
Table 12. Global Panoramic Ray Tracing Revenue Market Share by Player (2021-2026)
Table 13. Panoramic Ray Tracing Key Players Head office and Products Offered
Table 14. Panoramic Ray Tracing Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)
Table 15. New Products and Potential Entrants
Table 16. Mergers & Acquisitions, Expansion
Table 17. Global Panoramic Ray Tracing Market Size by Region (2021-2026) & ($ millions)
Table 18. Global Panoramic Ray Tracing Market Size Market Share by Region (2021-2026)
Table 19. Global Panoramic Ray Tracing Revenue by Country/Region (2021-2026) & ($ millions)
Table 20. Global Panoramic Ray Tracing Revenue Market Share by Country/Region (2021-2026)
Table 21. Americas Panoramic Ray Tracing Market Size by Country (2021-2026) & ($ millions)
Table 22. Americas Panoramic Ray Tracing Market Size Market Share by Country (2021-2026)
Table 23. Americas Panoramic Ray Tracing Market Size by Type (2021-2026) & ($ millions)
Table 24. Americas Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
Table 25. Americas Panoramic Ray Tracing Market Size by Application (2021-2026) & ($ millions)
Table 26. Americas Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)
Table 27. APAC Panoramic Ray Tracing Market Size by Region (2021-2026) & ($ millions)
Table 28. APAC Panoramic Ray Tracing Market Size Market Share by Region (2021-2026)
Table 29. APAC Panoramic Ray Tracing Market Size by Type (2021-2026) & ($ millions)
Table 30. APAC Panoramic Ray Tracing Market Size by Application (2021-2026) & ($ millions)
Table 31. Europe Panoramic Ray Tracing Market Size by Country (2021-2026) & ($ millions)
Table 32. Europe Panoramic Ray Tracing Market Size Market Share by Country (2021-2026)
Table 33. Europe Panoramic Ray Tracing Market Size by Type (2021-2026) & ($ millions)
Table 34. Europe Panoramic Ray Tracing Market Size by Application (2021-2026) & ($ millions)
Table 35. Middle East & Africa Panoramic Ray Tracing Market Size by Region (2021-2026) & ($ millions)
Table 36. Middle East & Africa Panoramic Ray Tracing Market Size by Type (2021-2026) & ($ millions)
Table 37. Middle East & Africa Panoramic Ray Tracing Market Size by Application (2021-2026) & ($ millions)
Table 38. Key Market Drivers & Growth Opportunities of Panoramic Ray Tracing
Table 39. Key Market Challenges & Risks of Panoramic Ray Tracing
Table 40. Key Industry Trends of Panoramic Ray Tracing
Table 41. Global Panoramic Ray Tracing Market Size Forecast by Region (2027-2032) & ($ millions)
Table 42. Global Panoramic Ray Tracing Market Size Market Share Forecast by Region (2027-2032)
Table 43. Global Panoramic Ray Tracing Market Size Forecast by Type (2027-2032) & ($ millions)
Table 44. Global Panoramic Ray Tracing Market Size Forecast by Application (2027-2032) & ($ millions)
Table 45. NVIDIA Details, Company Type, Panoramic Ray Tracing Area Served and Its Competitors
Table 46. NVIDIA Panoramic Ray Tracing Product Offered
Table 47. NVIDIA Panoramic Ray Tracing Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 48. NVIDIA Main Business
Table 49. NVIDIA Latest Developments
Table 50. AMD Details, Company Type, Panoramic Ray Tracing Area Served and Its Competitors
Table 51. AMD Panoramic Ray Tracing Product Offered
Table 52. AMD Panoramic Ray Tracing Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 53. AMD Main Business
Table 54. AMD Latest Developments
Table 55. Imagination Technologies Details, Company Type, Panoramic Ray Tracing Area Served and Its Competitors
Table 56. Imagination Technologies Panoramic Ray Tracing Product Offered
Table 57. Imagination Technologies Panoramic Ray Tracing Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 58. Imagination Technologies Main Business
Table 59. Imagination Technologies Latest Developments
Table 60. Intel Details, Company Type, Panoramic Ray Tracing Area Served and Its Competitors
Table 61. Intel Panoramic Ray Tracing Product Offered
Table 62. Intel Panoramic Ray Tracing Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 63. Intel Main Business
Table 64. Intel Latest Developments

LIST OF FIGURES

Figure 1. Panoramic Ray Tracing Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Panoramic Ray Tracing Market Size Growth Rate (2021-2032) ($ millions)
Figure 6. Panoramic Ray Tracing Sales by Geographic Region (2021, 2025 & 2032) & ($ millions)
Figure 7. Panoramic Ray Tracing Sales Market Share by Country/Region (2025)
Figure 8. Panoramic Ray Tracing Sales Market Share by Country/Region (2021, 2025 & 2032)
Figure 9. Global Panoramic Ray Tracing Market Size Market Share by Type in 2025
Figure 10. Panoramic Ray Tracing in Movies
Figure 11. Global Panoramic Ray Tracing Market: Movies (2021-2026) & ($ millions)
Figure 12. Panoramic Ray Tracing in Video Games
Figure 13. Global Panoramic Ray Tracing Market: Video Games (2021-2026) & ($ millions)
Figure 14. Panoramic Ray Tracing in Others
Figure 15. Global Panoramic Ray Tracing Market: Others (2021-2026) & ($ millions)
Figure 16. Global Panoramic Ray Tracing Market Size Market Share by Application in 2025
Figure 17. Global Panoramic Ray Tracing Revenue Market Share by Player in 2025
Figure 18. Global Panoramic Ray Tracing Market Size Market Share by Region (2021-2026)
Figure 19. Americas Panoramic Ray Tracing Market Size 2021-2026 ($ millions)
Figure 20. APAC Panoramic Ray Tracing Market Size 2021-2026 ($ millions)
Figure 21. Europe Panoramic Ray Tracing Market Size 2021-2026 ($ millions)
Figure 22. Middle East & Africa Panoramic Ray Tracing Market Size 2021-2026 ($ millions)
Figure 23. Americas Panoramic Ray Tracing Value Market Share by Country in 2025
Figure 24. United States Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 25. Canada Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 26. Mexico Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 27. Brazil Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 28. APAC Panoramic Ray Tracing Market Size Market Share by Region in 2025
Figure 29. APAC Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
Figure 30. APAC Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)
Figure 31. China Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 32. Japan Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 33. South Korea Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 34. Southeast Asia Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 35. India Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 36. Australia Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 37. Europe Panoramic Ray Tracing Market Size Market Share by Country in 2025
Figure 38. Europe Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
Figure 39. Europe Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)
Figure 40. Germany Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 41. France Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 42. UK Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 43. Italy Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 44. Russia Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 45. Middle East & Africa Panoramic Ray Tracing Market Size Market Share by Region (2021-2026)
Figure 46. Middle East & Africa Panoramic Ray Tracing Market Size Market Share by Type (2021-2026)
Figure 47. Middle East & Africa Panoramic Ray Tracing Market Size Market Share by Application (2021-2026)
Figure 48. Egypt Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 49. South Africa Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 50. Israel Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 51. Turkey Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 52. GCC Countries Panoramic Ray Tracing Market Size Growth 2021-2026 ($ millions)
Figure 53. Americas Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 54. APAC Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 55. Europe Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 56. Middle East & Africa Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 57. United States Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 58. Canada Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 59. Mexico Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 60. Brazil Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 61. China Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 62. Japan Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 63. Korea Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 64. Southeast Asia Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 65. India Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 66. Australia Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 67. Germany Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 68. France Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 69. UK Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 70. Italy Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 71. Russia Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 72. Egypt Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 73. South Africa Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 74. Israel Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 75. Turkey Panoramic Ray Tracing Market Size 2027-2032 ($ millions)
Figure 76. Global Panoramic Ray Tracing Market Size Market Share Forecast by Type (2027-2032)
Figure 77. Global Panoramic Ray Tracing Market Size Market Share Forecast by Application (2027-2032)
Figure 78. GCC Countries Panoramic Ray Tracing Market Size 2027-2032 ($ millions)


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