According to a new report, published by KBV research, The Global Graphics Card Market size is expected to reach $548.07 billion by 2031, rising at a market growth of 32.1% CAGR during the forecast period.
The digital twin industry is experiencing accelerated growth as industries implement virtual replicas of real-world objects, systems, and processes to enhance decision-making, reduce costs, and optimize operations. Digital twins rely on GPU-powered simulations and real-time data processing to create highly accurate 3D models, predictive analytics, and AI-driven optimizations.
The Integrated GPUs Segment is experiencing a CAGR of 31.6 % during the forecast period. Integrated GPUs (iGPUs) are a cost-effective and power-efficient solution for everyday computing duties, including web browsing, video playback, and casual gaming, as they are integrated directly into a system's processor. These GPUs have significantly improved recently, with Intel’s Iris Xe and AMD’s RDNA-based APUs delivering performance levels that can handle moderate gaming and content creation tasks.
The Media & Entertainment Segment led the maximum revenue in the Global Graphics Card Market by Industry vertical in 2023, thereby, achieving a market value of $206.2 billion by 2031. The segment is driven by the growing demand for high-performance GPUs in content creation, animation, gaming, and visual effects (VFX). The shift towards 4K and 8K video production, AI-assisted video editing, and real-time rendering has made GPUs essential for film, television, and digital media professionals.
The Smartphones Segment is growing at a CAGR of 30.8 % during the forecast period. With smartphone manufacturers integrating powerful GPUs within SoCs (System on Chips), users can now experience console-quality gaming, real-time AI processing, and high-resolution video rendering on mobile devices. The expansion of 5G technology, cloud gaming platforms, and AR/VR applications has further increased the need for efficient mobile GPUs.
Full Report: https://www.kbvresearch.com/graphics-card-market/
The North America region dominated the Global Graphics Card Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $195.6 billion by 2031. The Europe region is anticipated to grow at a CAGR of 31.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 33.1% during (2024 - 2031).
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