The global GPU market experienced a significant upswing in the second quarter of 2024, according to a new report from Jon Peddie Research (JPR). The report highlights a remarkable 16% year-over-year increase in total GPU shipments, encompassing all platforms and types of GPUs. This growth was fueled by a surge in demand for both desktop and notebook GPUs, with shipments increasing by 21% and 13%, respectively.
The report also indicates a surprising 11% year-over-year growth in PC CPU shipments, despite a 4.6% quarter-to-quarter decline. This unexpected surge suggests a strong appetite for computing power, potentially driven by factors like the increasing popularity of gaming and the rise of cloud computing.
Looking ahead, JPR predicts a compound annual growth rate of 4.2% for GPUs through 2026, resulting in an estimated installed base of nearly 3.3 billion units by the end of that year. Furthermore, the research firm anticipates that the penetration of discrete graphics cards within PCs will reach 23% in the next five years.
In terms of market share, AMD witnessed a slight increase of 0.2% in its overall GPU market share during the second quarter. NVIDIA, on the other hand, solidified its dominance with a 2% increase in market share. Intel’s GPU market share, however, experienced a decline of 2.1%. It’s important to note that this data includes CPUs with integrated GPUs, which explains Intel’s relatively strong showing compared to NVIDIA.
Dr. Jon Peddie, president of Jon Peddie Research, commented on the unexpected surge in GPU shipments, stating, “The jump in shipments in Q2 was a welcomed surprise. The market has been bouncing around for a couple of years now, trying to find a rhythmic buoyancy. With all the turmoil of trade wars, pandemics, political elections, and interest rates, it’s doubtful we’ll see a so-called normalcy for some time.”
