Press release
Global Graphic Card Market to Reach $172.27 Billion by 2029, Growing at 30.5% CAGR
Graphic Card Market
The graphic card market's expansion is predicted to be stimulated by the booming interest in video games. These games are electronic games that involve a user's interaction with a graphic interface to produce visual outcomes on a 2D or 3D video display apparatus like a television, computer screen, or handheld device. Graphic cards are integral to video games as they provide visual components and superior graphical performance, thus maximizing the gaming experience with high resolution graphics, textures, and special effects. For example, data from the Entertainment Software Association in July 2023 reveals that US consumers had increased their video game spending to $59.6 billion, up from $56.1 billion in 2022. Additionally, about 212.6 million US inhabitants spend a minimum of one hour per week playing video games. This escalating popularity of video games is therefore propelling the graphic card market's growth. An upswing in portable computer sales is another significant factor anticipated to fuel the growth of the graphic card market. Portable computers are small, lightweight devices designed for ease of transport and flexibility of use in multiple places. These computers utilize graphics cards to manage complex graphical tasks including gaming, video editing, and 3D rendering. This is because the integrated graphics may not offer adequate performance, and a dedicated graphics card can improve visual quality and overall system speed. In February 2022, Gizchina, a China-based mobile technology news platform, reported a 19% rise in global portable computer sales, reaching 268.3 million units. Consequently, the increasing sales of portable computers are contributing to the progression of the graphic card market.
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What is the projected compound annual growth rate (CAGR) of the graphic card market from 2025 to 2034, and what factors influence it?
The scale of the graphic card market has seen a remarkable expansion in the last few years. It is projected to increase from $44.01 billion in 2024 to $59.48 billion in 2025, with a compound annual growth rate (CAGR) of 35.1%. The growth during the historical period can be traced back to the surge in e-learning adoption, the emergence of social media marketing, business globalization, the rise in freelance and gig economy trends, and the incorporation of artificial intelligence.
In the coming years, the graphic card market is anticipated to witness a tremendous growth, surging to $172.27 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 30.5%. The predicted growth in the forecasted period is largely due to the integration of augmented reality (ar) and virtual reality (vr), cross-platform compatibility, the emergence of unique design specializations, subscription-centric business models, and concentration on sustainable and eco-minded practices. Key trends in the forecast duration encompass heightened focus on user collaboration, shifting towards digital publishing, advancement in design tools technology, development of digital media, and sustainable design methodology.
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What trends are poised to drive the future success of the graphic card market?
The focus of leading companies in the graphic card market is shifting towards the incorporation of advanced technologies such as artificial intelligence and machine learning. These advancements are embodied in the next-generation gaming graphics cards that they offer, hoping to establish a significant lead in the market. These top-tier graphics cards provide not only excellent quality but also an immersive gaming experience. They are specifically designed to tackle complex visuals, intricate textures, and real-time rendering, catering to the high-performance needs of hard-core gamers. For example, Advanced Micro Devices, Inc., a semiconductor company based in the US, introduced the Radeon RX 7600 graphics card in May 2023. This graphics card, purposely built for cutting-edge gaming and streaming experiences at 1080p, integrates artificial intelligence and machine learning technologies to enhance visual quality during streaming and recording. The Radeon RX 7600 graphics card offers players an improved gaming experience by enabling seamless streaming and content creation with impressive visual attributes. The Radeon DNA 3 (RDNA 3) architectural features embedded in this graphics card provide extraordinary performance, high-quality visuals, and exceptional power efficiency.
What are the major segments of the graphic card market and their role in driving growth?
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
Subsegments:
1) By Dedicated Graphics: High-End Graphic Cards, Mid-Range Graphic Cards, Entry-Level Graphic Cards
2) By Integrated Graphics: Integrated Graphics For Desktops, Integrated Graphics For Laptops
3) By Hybrid Graphics: Hybrid Graphics For Gaming Laptops, Hybrid Graphics For Workstations
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Which regions are key players in the growth of the graphic card market?
North America was the largest region in the graphic card market in 2024. 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.
Who are the key firms paving the way for growth in the graphic card market?
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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What Is Covered In The Graphic Card Global Market Report?
• Market Size Forecast: Examine the graphic card market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the graphic card market for a structured understanding.
• Key Players Overview: Analyze major players in the graphic card market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the graphic card market.
• Segment Contributions: Evaluate how different segments drive overall growth in the graphic card market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the graphic card market.
• Industry Challenges: Identify potential risks and obstacles affecting the graphic card market.
• Competitive Landscape: Review strategic developments in the graphic card market, including expansions, agreements, and new product launches.
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