External graphics card (eGPU or external GPU) is essentially a specific graphic card, which is relatively a new concept that can help the laptop users to achieve the desktop-quality graphics by connecting an external hardware dock. These types of cards are vital and provide best graphics for gaming as well as transforming the visual experience for gamers. External graphic cards can also be used for video & graphics editing. Growth in adoption of portable computing devices including laptops is also supporting the growth of the external graphics card market across the world. Moreover, rise in demand for animation based games like FIFA along with requirement for speed and growth in adoption of virtual reality headsets are likely to provide immense opportunities for the external graphics card market in coming years.
As per analysis, “Global External graphics card Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global external graphics card market include GIGABYTE, AMD, SK hynix, MSI, NVIDIA, ZOTAC, ASUS, RAZER, Colorful and among others. The renowned players are taking actions alongside inclinations, acquisitions, consolidations, stock dispatches, joint endeavors, and vigorous research inside the external graphics card market.
Based on type, external graphics card market is bifurcated as VGA, HDMI, DVI and others. VGA stands for Video Graphics Array cable, which is a device used to transfer the video signals. HDMI or High-Definition Multimedia Interface is a standard for simultaneously transmitting the digital audio or video from a source, such as a computer or TV cable box, TV or projector and to a computer monitor. Additionally, DVI stands for Digital Visual Interface, which is used to connect the video signals from computers to LCD monitors, projectors, HDTV displays, and cable boxes. In addition, based on application, market is bifurcated as movie, game, outdoor and others.
The external graphics card market is driven by rise in adoption of Internet of Things (IoT) enabled devices & equipment, followed by surge in adoption of smart factories, implementation of cloud-based platforms & server environments and rise in demand for high performance & energy-efficient processors and GPUs. However, rise in adoption of alternative solutions and decrease in demand for PCs may impact the market. Moreover, growth in demand for deep learning-based applications like supercomputers is a key opportunity for market. Furthermore, rapid technological changes in the market with high consumer demands and instability in the prices of external graphic card are major challenges for market.
Based on regional analysis, the North-America region holds major share in global external graphics card market owing to presence of large sized gaming developers across the region. The Europe and Asia-Pacific regions are anticipated to exhibit higher growth rate due to rise in popularity of gaming & animation amongst the large sized youth population over the forecast period. It is estimated that future of the global external graphics card market will be bright on account of rise in number of heavy graphic games during the forecast period.
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Ankur Gupta, Head Marketing & Communications