Siemens, Sony, and Google: Key Players Driving Graphics Card Market Growth at 32.80% CAGR

The graphics card market is an important part of the graphics processing of a computer, laptop or other computing devices. It provides the clock speed and refresh requirements needed to display and use programs needed in computer technology. It can be used for a variety of purposes, from military to everyday use requirements. The graphics card market is based on the graphics processor or GPU, which is one of the most important types of computing technology for personal and business use. Designed for parallel processing, GPUs are used in many applications, including graphics and video rendering.

Graphics Card Market, by operational mechanism (Integrated graphics, Hybrid graphics, Dedicated graphics), application Type (Electronics, Biomedical, defence and intelligence, medical and diagnostics, telecommunications, meteorology/climate, media and entertainment, algorithmic computations, structural and construction, machine learning/ AI), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Graphics Card Market size was estimated at USD 65.2 billion in 2023 and is projected to reach USD 474.9 billion in 2030 at a CAGR of 32.80% during the forecast period 2023-2030.

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In recent years, the graphics card market has grown significantly and steadily in various sectors. One of the main drivers of this growth is the growing demand in the gaming industry, fueled by the growing popularity of video games, e-sports and virtual reality. Gamers are constantly looking for better visual experiences, which has led to a greater need for high-performance graphics cards that can deliver realistic graphics and smooth gameplay. Additionally, the industrial sector has contributed greatly to the growth of the market by adopting graphics processing units (GPU) in applications such as artificial intelligence, machine learning and autonomous driving.

The prominent players in the Graphics Card market are

Siemens (Germany)
Samsung Electronics Co., Ltd. (South Korea)
Sony Corporation (Japan)
Qualcomm Technologies, Inc. (US)
NVIDIA Corporation (US)
Dassault Systèmes (France)
Intel Corporation (US)
Google LLC (US)
Advanced Micro Devices, Inc. (US)
International Business Machines Corporation (US)
Microsoft Corporation (US)
Apple Inc. (US)
Hewlett Packard Enterprise (US)
Lenovo Group Limited (China)
ASUSTek Computer Inc. (Taiwan)
MSI (Micro-Star International) (Taiwan)
Gigabyte Technology Co., Ltd. (Taiwan)
ZOTAC (Hong Kong)
Sapphire Technology (Hong Kong)
PowerColor (Taiwan)

Graphics Card Market Recent Developments:

In August 2022, Intel introduced the Intel Data Center GPU Flex Series Arctic Sound-M. This powerful GPU is tailored for the Intelligent Visual Cloud, offering significant performance gains with 5x media transcode throughput and the ability to support up to 68 simultaneous cloud gaming streams. The Flex Series GPU is purpose-built to meet the demanding requirements of intelligent visual cloud workloads, further enhancing the capabilities of data centers.

In March 2022, AMD announced the AMD Radeon PRO W6600X GPU for Mac Pro, based on the AMD RDNA 2 architecture and incorporating AMD Infinity Cache and other innovative technologies. This new GPU is specifically designed to empower professionals by delivering exceptional visuals and performance, enabling them to push the boundaries in a wide range of professional applications and workloads.

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Scope of the Report:

The Graphics Card Market is segmented into various segments such as component, operational mechnaism, application, device and region:

Based on operational mechanism, the graphics card market is segmented into:

Integrated Graphics
Hybrid Graphics
Dedicated Graphics

Based on the application, the graphics card market is segmented into:

Electronics
Biomedical
Defence and Intelligence
Medical and Diagnostics
Telecommunications
Meteorology / Climate
Media and Entertainment
Algorithmic Computations
Structural and Construction
Machine Learning / AI

Based on the device, the graphics card market is segmented into:

Computer
tablet
Smartphone
gaming console
television
others

Based on region, the graphics card market is segmented into:

Asia Pacific

Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe

South America

Brazil
Argentina
Chile
Colombia
Rest of South America

Middle East & Africa

South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa

Asia-Pacific to Dominate the Market

The Asia-Pacific region dominated the global graphics processing unit (GPU) market and is expected to maintain its dominance in the forecast period. The region's growth can be attributed to significant government investments in developing high-performance computing systems for the defence and intelligence sector.

Additionally, the increasing adoption of Internet of Things (IoT) systems in various industries has led to a greater need for efficient graphic computing systems. The Asia-Pacific region's strong market presence is driven by these factors, showcasing its potential for further growth in the GPU market.

Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The market is continuously growing due to increasing demand from the gaming industry, adoption of GPUs in emerging technologies such as artificial intelligence and ML, and rising high-performance computing requirements in various sectors, among others. The growing business of IoT systems in the Asia-Pacific region will further increase the demand for efficient graphical computing systems. The market is characterized by intense competition between design organizations and vendors, and startups have emerged as major players in GPU architecture and framework design. However, the market is also facing challenges due to the global shortage of semiconductor chips, which is affecting the supply chain and the availability of graphics cards. Overall, the market is witnessing advancements in GPU technology and innovation to meet the changing needs of various industries.

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