Graphic Card Global Market Report 2024

The graphic card market size has grown exponentially in recent years. It will grow from $32.54 billion in 2023 to $44.01 billion in 2024 at a compound annual growth rate (CAGR) of 35.3%. The growth observed in the historic period can be attributed to factors such as the increasing adoption of e-learning, the rise of social media marketing, the globalization of businesses, trends in freelance and the gig economy, and the integration of artificial intelligence.

The graphic card market size is expected to see exponential growth in the next few years. It will grow to $133.11 billion in 2028 at a compound annual growth rate (CAGR) of 31.9%. The anticipated growth in the forecast period can be attributed to factors such as the integration of augmented reality (AR) and virtual reality (VR), cross-platform compatibility, the rise of niche design specializations, the adoption of subscription-based business models, and an increased focus on sustainability and eco-friendly practices. Major trends expected in the forecast period include a heightened emphasis on user collaboration, a transition to digital publishing, continuous technological advancements in design tools, the evolution of digital media, and an increased emphasis on sustainable design practices.

The graphic card market is anticipated to experience substantial growth, driven by the increasing popularity of video games. Video games, electronic games involving user interaction with a visual interface on a two- or three-dimensional display device, rely on graphic cards to deliver high-quality graphics, textures, and visual effects, providing users with an immersive gaming experience. In July 2023, the Entertainment Software Association reported that US consumers spent $59.6 billion on video games in 2021, marking an increase from the previous year's $56.1 billion. Additionally, approximately 212.6 million Americans engage in video games for at least one hour per week, contributing to the growth of the graphic card market.

The graphic card market is expected to be fueled by the rising sales of portable computers. These compact and lightweight devices, designed for easy transport and use in various locations, rely on graphics cards to handle complex graphical tasks, including gaming, video editing, and 3D rendering. Integrated graphics alone may not offer sufficient performance, and dedicated graphics cards enhance visual quality and overall system speed. In February 2022, global sales of portable computers increased by 19% to reach 268.3 million, according to Gizchina, a China-based mobile technology media. Consequently, the increasing sales of portable computers contribute to the growth of the graphic card market.

The anticipated growth of the graphic card market is likely to be impeded by the rising costs of its products. Elevated expenses associated with purchasing graphic cards, essential components for rendering complex visuals in various applications, including video games and professional tasks, pose a challenge to market expansion. The increased product costs may reduce affordability and accessibility for consumers, potentially leading to decreased demand. For instance, in February 2023, the average sale price for an AMD graphics card surged to $639 (600 euros), representing a 103% increase from February 2020, as reported by Digital Trends Media Group, a US-based publishing company. Consequently, the upward trend in product costs is hindering the growth of the graphic card market.

Major players in the graphic card market are strategically embracing advanced technologies, particularly artificial intelligence (AI) and machine learning, by introducing next-generation gaming graphics cards to gain a competitive advantage. These advanced devices are engineered to provide high-quality and immersive gaming experiences, catering to the demands of gamers who seek superior performance. In May 2023, Advanced Micro Devices, Inc., a US-based semiconductor company, launched the Radeon RX 7600 graphics card, specifically designed for next-generation gaming and streaming experiences at 1080p. Infused with AI and machine learning technology, the Radeon RX 7600 enhances visual quality in streaming and recording, elevating the overall gaming experience. Leveraging Radeon DNA 3 (RDNA 3) architecture features, this graphics card delivers exceptional performance, visuals, and power efficiency.

In February 2022, Advanced Micro Devices Inc., the US-based semiconductor company, successfully acquired Xilinx Inc. for an undisclosed amount. This strategic move aims to broaden Advanced Micro Devices Inc.'s portfolio by incorporating central processing units (CPUs), graphics processing units (GPUs), and field programmable gate arrays (FPGAs) to offer high-performance and adaptive computing solutions. Xilinx Inc., a US-based semiconductor company known for integrated graphic cards, aligns with this objective.

Major companies operating in the graphic card market report are Apple Inc., Samsung Electronics Co. Ltd., Hon Hai Precision Industry Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Nvidia Corporation, Advanced Micro Devices Inc., ASUSTeK Computer Inc., Micro-Star International Co. Ltd., GIGA-BYTE Technology Co. Ltd., ASRock Inc., Guillemot Corporation, TUL Corporation, Leadtek Research Inc., Colorful Co. Ltd., PNY Technologies Inc., Matrox Graphics Inc., EVGA Corporation, Biostar Microtech International Corp., Palit Microsystems Ltd., VisionTek Products LLC, Sapphire Technology Limited, Zotac Technology Limited, Club 3D, InnoVISION Multimedia Limited, Gainward Co Ltd., Diamond Multimedia, XFX Inc., Albatron Technology Co. Ltd., STB Systems Inc.

North America was the largest region in the graphic card market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graphic card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the graphic card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A graphics card, also known as a GPU (Graphics Processing Unit), is a hardware component inside a computer responsible for rendering and displaying images, videos, and 3D graphics on a monitor or screen. Graphics cards are utilized in various applications and industries, including 3D graphics rendering, multi-monitor setups, and cryptocurrency mining.

The main types of graphics cards are dedicated, integrated, and hybrid. A dedicated graphics card refers to a separate and independent graphics processing unit installed on a computer or laptop. These devices can be found in various products such as computers, tablets, smartphones, gaming consoles, televisions, and others. The application of graphics cards spans across industries, including electronics, IT and telecommunication, defense and intelligence, media and entertainment, among others.

The graphic card market research report is one of a series of new reports that provides graphic card market statistics, including graphic card industry global market size, regional shares, competitors with graphic card market share, detailed graphic card market segments, market trends, and opportunities, and any further data you may need to thrive in the graphic card industry. This graphic card market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The graphic card market consists of sales of geforce RTX series, quadro series, and firePro Series. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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