Global Graphics Card Market

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

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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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Global Graphics Card Market

Report ID: SQMIG45I2093

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