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Graphic Card Market Size, Opportunities, Strategies And Forecast To 2033
Graphic Card Market Size
As per the report, 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 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%.
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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.
Adoption Of Advanced Technologies With Artificial Intelligence And Machine Learning In Radeon RX 7600 Graphics Card
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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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.
Contents of the report:
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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