From GlobeNewswire: 2024-04-01 11:30:00

The global graphic card market has seen significant growth, rising from $32.54 billion in 2023 to an estimated $44.01 billion in 2024, with a CAGR of 35.3%. Factors driving this surge include e-learning, social media marketing, globalization, and AI integration across industries.

Forecasts suggest continued growth in the graphic card market, reaching $133.11 billion by 2028 at a CAGR of 31.9%. This growth will be driven by AR and VR integration, cross-platform compatibility, niche design specializations, and subscription-based business models.

The increasing popularity of video games is a key driver of growth in the graphic card market, with around 212.6 million Americans engaging in gaming activities weekly. This demand for high-quality graphics and visual effects continues to push the market forward.

Major players like Apple, Samsung, and Nvidia are incorporating advanced technologies like AI and machine learning into their products. For example, Advanced Micro Devices recently launched the Radeon RX 7600 graphics card, enhancing gaming and streaming experiences.

North America led the graphic card market in 2023, with Asia-Pacific expected to experience rapid growth. Market segmentation includes dedicated, integrated, and hybrid cards used in various devices for applications like gaming, content creation, VR/AR, and AI/ML.

As the graphic card market evolves with technological advancements and increasing demand for immersive experiences, significant expansion is anticipated. Companies innovating with cutting-edge technologies are set to capitalize on this growth, offering opportunities across industries.



Read more at GlobeNewswire: Exponential Growth Projected In The Graphic Card Market,