Press release
Graphic Card Market Size, Industry Insights, Growth Analysis Report 2024 To 2033
Graphic Card Market
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.
Market Overview -
A graphics card, also known as a GPU (Graphics Processing Unit), is a hardware component inside a computer that is responsible for rendering and displaying images, videos, and 3D graphics on a monitor or screen. Graphic cards are used in a wide range of applications and industries, such as 3D graphics rendering, multi-monitor setups, and cryptocurrency mining.
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Surge In Popularity Of Video Games Drives the Market
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.
Competitive Landscape -
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.
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