Graphics Card Market Size, Share, Growth Analysis, By Type(Dedicated, integrated, and hybrid), By Device(Computer, tablet, smartphone, gaming console), By Industry vertical(Electronics, IT & telecommunication, defense & intelligence, media & entertainment), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2093 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 95 |Figures: 76

Graphics Card Market Insights

Graphics Card Market size was valued at USD 44.49 billion in 2022 and is poised to grow from USD 59.35 billion in 2023 to USD 595.20 billion by 2031, growing at a CAGR of 33.4% in the forecast period (2024-2031).

The market for graphics cards has been experiencing significant and steady growth across various sectors in recent years. One of the key driving forces behind this growth is the increasing demand from the gaming industry, fueled by the rising popularity of video games, esports, and virtual reality. Gamers are constantly seeking enhanced 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 been a major contributor to the market growth, with the adoption of Graphics Processing Units (GPUs) in applications such as artificial intelligence, machine learning, and autonomous driving. GPUs play a crucial role in accelerating complex computations required in these fields, enabling faster data processing, pattern recognition, and decision-making. Furthermore, the healthcare sector has emerged as a promising market for graphics cards, driven by the growing implementation of medical imaging and analysis software. These software applications require powerful GPUs to handle large datasets and perform real-time image rendering and analysis.

Moreover, graphics chipsets have found applications in industries like automotive and aerospace, where simulation and modeling demand high-performance computing capabilities. The use of GPUs enables these industries to simulate real-world scenarios, optimize designs, and enhance overall performance. Another significant factor driving the demand for graphics cards is their utilization in cryptocurrency mining. The computational power of GPUs is harnessed for mining cryptocurrencies, driving the need for high-performance graphics cards in this sector. Furthermore, machine learning applications heavily rely on GPUs for training and inference tasks, as they can process large amounts of data in parallel and accelerate the training process. Graphics cards equipped with advanced features such as real-time ray tracing and artificial intelligence capabilities are increasingly sought-after, as these features offer improved visual realism and enable more efficient computation in various industries. Overall, the graphics card market is witnessing robust expansion due to the increasing adoption and diverse applications of GPUs across multiple sectors, paving the way for further advancements in graphics processing technology.

US Graphics Card Market is poised to grow at sustainable CAGR for the next forecast year

Market Snapshot - 2024-2031

Global Market Size

USD 44.49 billion

Largest Segment

Integrated

Fastest Growth

Integrated

Growth Rate

33.4% CAGR

Global Graphics Card Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Graphics Card Market Segmental Analysis

Global Graphics Card Market is segmented by type, device, industry vertical and region. Based on type, the market can be segmented into dedicated, integrated, and hybrid. Based on device, the market is segmented into computer, tablet, smartphone, gaming console, television, and others. Based on industry vertical, the market is segmented into electronics, IT & telecommunication, defense & intelligence, media & entertainment, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Graphics Card Market Analysis by Type

The integrated segment dominant the GPU market and is projected to maintain its leadership during the forecast period. This can be attributed to the widespread use of integrated GPUs in portable electronic devices such as smartphones, tablets, wearables, and laptops. Additionally, significant research and development efforts are focused on developing integrated GPUs capable of supporting high graphics processing in AI platforms, supercomputers, and VR systems.

The hybrid graphic processing units are expected to witness the fastest growth. These processors combine the capabilities of both integrated and dedicated GPUs, making them a preferred choice among software developers seeking to enhance the productivity of graphics-intensive applications.

Graphics Card Market Analysis by Device

The smartphone segment held the largest market share in the GPU market, and this trend is expected to continue in the forecast period. This can be attributed to the increasing demand for durable and energy-efficient graphic processing units in smartphones, driving the high growth of integrated GPUs. Furthermore, smartphone manufacturers are actively developing products that support virtual reality (VR) and augmented reality (AR), which presents an opportunity for the smartphone GPU market to expand. Moreover, the growing adoption of smartphones for gaming purposes has increased the demand for high-performance computing systems capable of handling graphics-intensive gaming applications.

The fastest growing segment in the GPU market is gaming consoles. Gaming consoles have a dedicated user base and continue to attract a large number of gamers globally. With the rapid advancement of gaming technology and increasing demand for high-quality graphics and immersive gaming experiences, gaming consoles are continuously evolving to deliver superior performance. The next generation of gaming consoles, with powerful GPUs and advanced rendering capabilities, is driving the growth of the GPU market in this segment. Furthermore, the growing popularity of eSports and the rise in demand for console-exclusive games are contributing factors to the increasing demand for gaming consoles and, consequently, GPUs. Additionally, the introduction of cloud gaming services that utilize GPUs for streaming high-quality gaming content to consoles is further boosting the demand for GPUs in the gaming console segment.

Global Graphics Card Market By Type

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Graphics Card Market Regional Insights

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 defense 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.

Latin America is expected to be the fastest-growing region due to factors such as rapid economic growth, increasing disposable income, and a growing middle-class population. The rising popularity of eSports, adoption of advanced technologies like VR and AR, and the focus on digital transformation and infrastructure development further contribute to the high demand for GPUs in these regions. Overall, these factors position this region as a significant growth opportunity in the GPU market.

Global Graphics Card Market By Region
  • Largest
  • Fastest

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Graphics Card Market Dynamics

Graphics Card Market Drivers

Increasing demand from gaming industry

  • One key driver of the graphics card market is the increasing demand from the gaming industry. As the gaming industry continues to grow rapidly, gamers are seeking more immersive and visually stunning experiences. This drives the need for high-performance graphics cards that can handle the complex rendering and processing requirements of modern games. The demand for realistic graphics, high frame rates, and smooth gameplay pushes the development of advanced GPUs with enhanced capabilities. Gamers are constantly seeking improved graphics and smoother gameplay, driving the demand for advanced GPUs.

Graphics Card Market Restraints

Global semiconductor chip shortage

  • A major restraint in the graphics card market is the ongoing global semiconductor chip shortage. This shortage has disrupted the supply chain and affected the production of various electronic devices, including graphics cards. The shortage is the result of factors such as supply chain disruptions and geopolitical tensions impacting the semiconductor industry. Limited availability and increased prices of graphics cards have been observed due to the challenges in sourcing an adequate supply of chips. This constraint poses challenges for consumers, system builders, and the overall growth of the graphics card market.

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Graphics Card Market Competitive Landscape

Global Graphics Card Market is characterized by a mix of established companies and emerging players. The GPU market has witnessed intensified competition among design organizations and vendors. This is largely due to the escalating demand for GPUs in diverse sectors, including industrial operations and military applications worldwide. The increasing importance of GPUs has prompted startups specializing in GPU architecture and framework designs to emerge as formidable contenders in this competitive landscape. These startups are at the forefront of innovation, aiming to deliver cutting-edge GPU solutions that cater to the evolving needs of industries and military requirements. This heightened competition drives advancements in GPU technology and fosters a dynamic market environment.

Graphics Card Market Top Player’s Company Profiles

  • 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 March 2024, NVIDIA announced the launch of the RTX 4080 SUPER graphics card, the highest-end model in their RTX 40 series.

  • In February 2024, Japanese manufacturer Sycom launched the RTX 4080 Super graphics card as part of its G-Master Hydro series. This cutting-edge graphics card features an additional proprietary liquid cooling technology, which helps reduce both the temperature and fan noise during high loads.

  • In October 2023, Advanced Micro Devices (AMD) Inc. announced that it had acquired Nod.ai, a startup that develops open-source software for speeding up artificial intelligence models, for undisclosed financial terms. At the go-to-market level, the Nod.ai acquisition could help AMD make its AI accelerators more competitive with Nvidia’s graphics cards.

Graphics Card Key Market Trends

  • One key market trend in the graphics card market is the increasing demand for high-performance GPUs in emerging technologies such as artificial intelligence (AI) and machine learning (ML). GPUs have proven to be highly efficient in processing the massive amounts of data required for AI and ML applications. With the rapid advancement and adoption of these technologies across various industries, there is a growing need for GPUs that can deliver superior computational power, parallel processing capabilities, and optimized performance for AI and ML workloads. This trend is driving the development of specialized GPUs specifically designed to meet the demands of AI and ML applications, fueling further growth in the graphics card market.

Graphics Card Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global graphics card market analysis, the market is experiencing steady growth, driven by factors such as the increasing demand from the gaming industry, the adoption of GPUs in emerging technologies like AI and ML, and the rise of high-performance computing requirements in various sectors. Asia-Pacific dominated the market. The growth in this region is driven by substantial investments from the government sector, particularly in creating high graphic computing systems for the defense and intelligence sectors. Additionally, the increasing business of IoT systems in Asia-Pacific is further fueling the demand for efficient graphic computing systems. The market is characterized by intense competition among design organizations and vendors, with startups emerging as significant players in GPU architecture and framework designs. However, the market also faces challenges due to the global semiconductor chip shortage, impacting the supply chain and availability of graphics cards. Overall, the market is witnessing advancements in GPU technology and innovation to cater to the evolving needs of various industries.

Report Metric Details
Market size value in 2022 USD 44.49 billion
Market size value in 2031 USD 595.20 billion
Growth Rate 33.4%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Dedicated, integrated, and hybrid
  • Device
    • Computer, tablet, smartphone, gaming console, television, and others
  • Industry vertical
    • Electronics, IT & telecommunication, defense & intelligence, media & entertainment, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 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)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Graphics Card Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Graphics Card Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Graphics Card Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphics Card Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphics Card Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Graphics Card Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Graphics Card Market size was valued at USD 44.49 billion in 2022 and is poised to grow from USD 59.35 billion in 2023 to USD 595.20 billion by 2031, growing at a CAGR of 33.4% in the forecast period (2024-2031).

Global Graphics Card Market is characterized by a mix of established companies and emerging players. The GPU market has witnessed intensified competition among design organizations and vendors. This is largely due to the escalating demand for GPUs in diverse sectors, including industrial operations and military applications worldwide. The increasing importance of GPUs has prompted startups specializing in GPU architecture and framework designs to emerge as formidable contenders in this competitive landscape. These startups are at the forefront of innovation, aiming to deliver cutting-edge GPU solutions that cater to the evolving needs of industries and military requirements. This heightened competition drives advancements in GPU technology and fosters a dynamic market environment. '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)'

One key driver of the graphics card market is the increasing demand from the gaming industry. As the gaming industry continues to grow rapidly, gamers are seeking more immersive and visually stunning experiences. This drives the need for high-performance graphics cards that can handle the complex rendering and processing requirements of modern games. The demand for realistic graphics, high frame rates, and smooth gameplay pushes the development of advanced GPUs with enhanced capabilities. Gamers are constantly seeking improved graphics and smoother gameplay, driving the demand for advanced GPUs.

One key market trend in the graphics card market is the increasing demand for high-performance GPUs in emerging technologies such as artificial intelligence (AI) and machine learning (ML). GPUs have proven to be highly efficient in processing the massive amounts of data required for AI and ML applications. With the rapid advancement and adoption of these technologies across various industries, there is a growing need for GPUs that can deliver superior computational power, parallel processing capabilities, and optimized performance for AI and ML workloads. This trend is driving the development of specialized GPUs specifically designed to meet the demands of AI and ML applications, fueling further growth in the graphics card 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 defense 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.

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