What Has Been the Progress and Growth of the Graphic Card Market in Recent Years?
The graphic card market has seen considerable growth due to a variety of factors.
• The size of the graphic card market has significantly expanded over the past few years. It is projected to enhance from $44.01 billion in 2024 to $59.48 billion in 2025, with a compound annual growth rate (CAGR) of 35.1%.
The historical growth is linked to the surge in e-learning adoption, the prominence of social media marketing, the expansion of businesses globally, the trends in freelance and gig economy as well as the incorporation of artificial intelligence.
What Can Be Expected from the Graphic Card Market Size?
The graphic card market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are set for the graphic card market size to experience a significant surge in the forthcoming years. It is projected to expand to $172.27 billion by 2029, growing at a compound annual growth rate (CAGR) of 30.5%.
This projected expansion during the forecast period is attributable to factors such as the incorporation of virtual reality (VR) and augmented reality (AR), cross-platform compatibility, the emergence of niche design specializations, adoption of subscription-based business models, and a focus on sustainability and environment-friendly practices. The period is also predicted to witness trends like heightened focus on user collaborations, shift towards digital publishing, advancements in design tool technologies, digital media evolution, and sustainable design practices.
What Are the Critical Driver Fuelling The Graphic Card Market's Growth?
The graphic card market is set to expand, courtesy of the skyrocketing popularity of video games. These types of electronic games facilitate user interaction via a visual interface, generating visual feedback on a two-dimensional or three-dimensional display device such as a TV, computer monitor, or handheld device. They rely heavily on graphic cards for delivering high-grade graphics, textures, and visual effects, to provide an immersive gaming experience. As an illustration, the Entertainment Software Association, an American video game trade association, reported in July 2023 that US consumers shelled out $59.6 billion on video games, up from $56.1 billion in 2022. Evidently, some 212.6 million Americans allocate at least one hour of their weekly pastime to video games. As such, this proliferating interest in video games fuels the growth of the graphic card market.
Graphic Card Market Driver: Increase in Portable Computer Sales Stimulating the Graphic Card Market
How Is The Graphic Card Market segmented?
The graphic card market covered in this report is segmented –
1) By Type: Dedicated, Integrated, Hybrid
2) By Device: Computer, Tablet, Smartphone, Gaming Console, Television, Other Devices
3) By Application: Gaming, Content Creation And Multimedia Reality, Virtual Reality(VR) And Augmented Reality (AR), AI And ML
4) By Industry: Electronics, IT And Telecommunication, Defense And Intelligence, Media And Entertainment, Other Industries
Subsegments:
1) By Dedicated Graphics: High-End Graphic Cards, Mid-Range Graphic Cards, Entry-Level Graphic Cards
2) By Integrated Graphics: Integrated Graphics For Desktops, Integrated Graphics For Laptops
3) By Hybrid Graphics: Hybrid Graphics For Gaming Laptops, Hybrid Graphics For Workstations
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What Trends Are Reshaping The Future Of The Graphic Card Market?
Leading firms in the graphic card market are capitalizing on emerging technologies like artificial intelligence and machine learning such as innovative gaming graphics cards to establish superiority in the market. Such propounded gaming graphic cards are high-tech devices that present ultimate gaming experiences with superior quality. These cards can manage intense visuals, sophisticated textures and actual-time illustration, becoming vital for gaming enthusiasts needing excellent performance. As an illustration, Advanced Micro Devices, Inc., a semiconductor company based in the US, unveiled the Radeon RX 7600 graphics card in May 2023. The Radeon RX 7600, a graphics card engineered for innovative gaming and 1080p-level streaming experiences, integrates artificial intelligence and machine learning to offer superior visual quality in both streaming and recording. It facilitates users with an improved gaming experience by streaming and generating content with remarkable visual attributes. The card was fashioned applying Radeon DNA 3 (RDNA 3) architectural features, ensuring outstanding performance, visuals and energy efficiency.
Who Are the Key Players In The Graphic Card Market?
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.
What Is The Most Dominant Region In The Graphic Card Market?
North America was the largest region in the graphic card market in 2024. 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.
