The Graphic Card Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 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 in the historic period can be attributed to increasing adoption of e-learning, rise of social media marketing, globalization of businesses, freelance and gig economy trends, 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 growth in the forecast period can be attributed to augmented reality (ar) and virtual reality (vr) integration, cross-platform compatibility, rise of niche design specializations, subscription-based business models, focus on sustainability and eco-friendly practices. Major trends in the forecast period include increased emphasis on user collaboration, transition to digital publishing, technological advancements in design tools, evolution of digital media, sustainable design practice.
The surge in popularity of video games is expected to propel the growth of the graphic card market going forward. Video games refer to electronic games that involve user interaction with a visual interface to generate visual feedback on a two- or three-dimensional video display device, such as a TV screen, computer monitor, or handheld device. Video games use graphic cards to deliver the visual elements and graphical performance for an immersive gaming experience with high-quality graphics, textures, and visual effects. For instance, in July 2023, according to the Entertainment Software Association, a US-based video game trade association, US consumers spent $59.6 on video games in 2021, an increase from $56.1 from the previous year. Further, around 212.6 million Americans play video games at least one hour a week. Therefore, the surge in popularity of video games is driving the growth of the graphic card market.
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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
Major companies operating in the graphic card market are focusing on adopting advanced technologies with artificial intelligence and machine learning, such as next-generation gaming graphics cards, to gain a competitive edge in the market. Next-generation gaming graphics cards are advanced devices that deliver high-quality and immersive gaming experiences. These graphics cards are designed to handle complex visuals, advanced textures, and real-time rendering, making them essential for gamers who demand top-notch performance. For instance, in May 2023, Advanced Micro Devices, Inc., a US-based semiconductor company, launched the Radeon RX 7600 graphics card. The Radeon RX 7600 is a graphics card designed for next-generation gaming and streaming experiences at 1080p. The Radeon RX 7600 graphics card is integrated with artificial intelligence and machine learning technology to deliver enhanced visual quality in streaming and recording. It enables users to have a better gaming experience through streaming and content creation with stunning visual features. It was designed with Radeon DNA 3 (RDNA 3) architecture features to deliver exceptional performance, visuals, and power efficiency.
The graphic card market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
…….
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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