The graphic card global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Graphic Card Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Graphic Card Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Graphic Card Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Graphic Card Market Report Structure
3. Graphic Card Market Trends And Strategies
4. Graphic Card Market – Macro Economic Scenario
5. Graphic Card Market Size And Growth
…..
27. Graphic Card Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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