According to our analysis report, the Global Graphics Card Market is projected to reach USD 333.05 billion by 2029 from USD 79.39 billion in 2024, with a compound annual growth rate (CAGR) of 33.2% during the forecast period.
North America accounted for the highest share of this market due to the presence of key market players. The integrated graphic cards registered the lion's share in the global market and will likely remain dominant in the foreseen period.
A graphics card is computer hardware or a printed circuit board in the central processing unit that generates graphics output to the display devices. The major component of the graphics card that improves performance is the graphics processing unit (GPU). A graphic card is hardware that increases a computer's video memory and enhances its display quality. The quality of the image depends on the quality of the graphics card. This plays a crucial role in gaming and video editing on a computer. The global graphics card market has witnessed steady growth in the past years and is projected to have prominent growth in the coming years. The increased adoption of graphics cards in various industries like healthcare, automotive, and aerospace is raising the market growth opportunities in the coming years. The surge in video games, esports, and virtual reality has resulted in higher demand for high-performance graphics cards, contributing to global market growth. The rising technological advancements in the application of graphical processing units (GPUs) are enlarging in various industries like artificial intelligence, machine learning, and autonomous driving. These propel global market revenue and are anticipated to create more growth opportunities in market expansion.
The primary factor attributing to the growth of the graphics card market is the increased demand for the online gaming industry across the world. In particular, the surge in gamers, irrespective of demographics, is driving the need for high-performance graphics units to enhance the gaming experience and fuel market growth. The increasing technological advancements and the adoption of augmented reality (AR), virtual reality (VR), and others are creating a huge demand for highly effective graphics cards. Besides, expanding these components into other sectors like healthcare, industries, artificial intelligence, and consumer electronics like smartphones, wearables, and tablets is supposed to boost sales in the global graphics card market. With the widespread digitalization around the world, there is a vast scope for the graphics card to support the timely activities of the service providers. Similarly, remote working has augmented virtualization technologies, contributing to the growth of the graphics card market.
Besides, the latest developments in the entertainment industry and the adoption of 3D images are positive aspects of the market. The spike in video editing and commercialization of media content necenecessitateslementation of advanced GPUs, which enhances growth. These components are used in medical imaging and analysis technologies in the healthcare sector. Similarly, the advent of autonomous driving and connected vehicles in the automotive sector also supports adopting advanced graphic cards. The rising application of graphical cards is accelerating their adoption across various industries, leading to the expansion of the market size. Moreover, the ongoing research and development activities to improve the performance of existing GPUs and support the applications of machine learning, artificial intelligence, and supercomputers are predicted to create lucrative growth opportunities for the graphics card market in the future.
The major challenge in the graphics card market is the uncertainty in the availability of semiconductors used to produce these GPUs. Also, the increasing process of graphic adapters due to the high demand and low supply of semiconductors is a downside for the market. In addition, the recent increments in cryptocurrency mining are generating never-before-seen demand for GPUs in the international market, which are affected by the shortage of semiconductors and lead to price fluctuations, restricting the market's expansion. Besides, the issues concerning the environmental impact caused by the electronic dump and hardware can affect the overall sales in the graphics card market. Further, the intense market competition leading to increased prices and reduced profit margins is also challenging the graphics card market. Moreover, the complexities involved in the rapid development of highly functional GPUs in a shorter period to meet the consumers' needs pose a threat to the graphics card market.
The COVID-19 pandemic initially negatively impacted the global graphics card market. The lockdown situation across the world led to supply chain disruptions and logistics challenges for manufacturers and product distributors. Strict government restrictions forced industries and start-up companies to halt research and development activities, thereby impacting the innovation and production of new units. Also, the COVID-19 pandemic led to a change in priorities for people and companies, resulting in postponement and delays in production. In all the sectors, the primary focus was shifted towards immediate needs, affecting the demand in the graphics card market.
Further, strict social distancing measures, travel limitations, remote working, and other safety measures negatively impacted the market's productivity and development. On the contrary, work-from-home conditions and alone time due to lockdown have skyrocketed the gaming and entertainment industry, creating more demand for graphics cards. This positive trend will likely continue and expand exponentially in the following years.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
33.2% |
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Segments Covered |
type, end use, application and region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Market Players |
NVIDIA Corporation, Intel Corporation, Gigabyte Technology Co., Ltd, ASUSTeK Computer Inc., Micro-Star International Company, Advanced Micro Devices (AMD), Inc., EVGA Corporation, Palit Microsystems Limited, Zotac International Limited, Inno3D, SAPPHIRE Technology Limited, PNY Technologies, Inc., Qualcomm Technologies, Samsung Electronics, Siemens AG, Sony Corporation, IBM Corporation, GALAX, Maxsun, Apple, Microsoft Corporation, and Google LLC. |
Discrete graphics cards account for a significant portion of the global market in gaming consoles and industries. Integrated cards are mainly found in personal computers, laptops, and smartphones. Due to increasing digital commerce and the easy availability of consumer electronics, the integrated graphic cards segment will rule the worldwide market in the forecast period.
The desktops segment holds the dominant share of this market owing to the highly developed gaming industry and the use of these products in corporate offices. However, the smartphone segment is anticipated to witness the highest demand due to the surge in the purchase of smartphones, tablets, laptops, and smart televisions. In addition, the latest developments in smartphones and the adoption of small-sized and hybrid GPUs are augmenting the sales in this segment.
Gaming applications dominate the global graphics card market and will expand considerably in the coming years. The surge in cloud gaming platforms and consumer preference for enhanced experience are promoting GPU sales in this segment. The latest trend of eSports is also contributing to the developments in the gaming sector. Besides, the developments in medical imaging and advanced display machines are boosting healthcare applications, which are likely to record significant growth in the coming years.
North America holds a significant portion of the global graphics card market. The US is the leading market in this region, with a high adoption rate of gaming, consumer electronics, and wearables among the people. The spike in research and development activities to improve the performance of GPUs is creating a positive outlook for the market in North America. In addition, the increasing adoption of novel technologies such as artificial intelligence, virtual reality, and the Internet of Things is estimated to promote market revenue in this locale in the coming years.
The Asia Pacific region is estimated to witness the highest growth rate in the foreseen period due to the expanding demand for consumer electronics and the robust manufacturing environment for printed circuit boards. Rapid industrialization with foreign investments, setup of manufacturing plants, and technological advancements in nations like India, South Korea, China, and Japan are supporting the market boom in this locale. Rising investments in the gaming and automotive industries to enhance the user experience are further predicted to fuel the business in the APAC countries.
Europe is also a notable market that will grow significantly in the future with the latest innovations in the gaming industry and investments in emerging technologies like IoT and 3D imaging. Germany, France, and the United Kingdom are the leading countries in the European market. Also, the rapid developments in multimedia applications and eSports will drive the European graphics card market in the forecast period.
Latin America is an emerging region in the global graphics card market owing to the recent changes in the local economy and improved government investments in research activities. Brazil and Mexico are the leading nations in this market, with increasing gaming enthusiasts and content creators and rising demand for smart products like televisions and wearables.
The Middle East and Africa region has a smaller global graphics card market presence. However, the latest technological developments and funding for advanced research activities will create business opportunities in this area in the future. The suitable economic conditions and high purchasing power of people are encouraging the market players to invest in this locale.
The major players of the graphics card are NVIDIA Corporation, Intel Corporation, Gigabyte Technology Co., Ltd, ASUSTeK Computer Inc., Micro-Star International Company, Advanced Micro Devices (AMD), Inc., EVGA Corporation, Palit Microsystems Limited, Zotac International Limited, Inno3D, SAPPHIRE Technology Limited, PNY Technologies, Inc., Qualcomm Technologies, Samsung Electronics, Siemens AG, Sony Corporation, IBM Corporation, GALAX, Maxsun, Apple, Microsoft Corporation, and Google LLC.
RECENT HAPPENINGS IN THE MARKET
This research report on the global graphics card market has been segmented and sub-segmented based on type, end use, application and region.
By Type
By End Use
By Application
By Region
Frequently Asked Questions
Gaming often requires complex and rapid rendering of 3D graphics. A powerful graphics card ensures smoother gameplay by handling these tasks more efficiently than a computer's CPU alone.
Installing a graphics card involves physically placing it in a compatible slot on your motherboard and installing the necessary drivers. Ensure your power supply can handle the card's requirements and follow the manufacturer's installation instructions.
Factors include performance (measured in terms of frame rates and resolution), VRAM (Video RAM) size, compatibility with your system, power requirements, and budget.
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