Jon Peddie Research reports that the growth of the global PC-based graphics processor unit (GPU) market reached 73.6 million units in Q3’24, and PC CPU shipments increased to 66.5 million units.
Overall, GPUs will have a compound annual growth rate of -1.9% from 2025 to 2028 and reach an installed base of almost 3 billion units at the end of the forecast period. Over the next four years, the penetration of discrete GPUs (dGPUs) in PCs will be 17%.
Year-to-year total GPU shipments, including all platforms and types of GPUs, increased by 2.4%, desktop graphics decreased by -5.6%, and notebooks increased by 5.9%.
As indicated in the following chart, AMD’s overall GPU market share increased by 0.8% from last quarter, Intel’s market share rose by 1.1%, and Nvidia’s market share decreased by -1.9%.
Overall, CPU unit shipments increased by 12% from last quarter; AMD’s increased by 15%, and Intel’s decreased by -12%.
- The GPU’s overall attach rate (which includes integrated and discrete GPUs, desktops, notebooks, and workstations) in PCs for the quarter dropped to 111%, down -9.5% from last quarter.
- The overall PC CPU market increased by 7.8% year to year and 12% quarter to quarter.
The third quarter is traditionally higher than the previous quarter. This quarter’s GPU shipments were up from the previous quarter and below the 10-year average of 6.2%.
“A surge led to the jump in overall GPU and CPU shipments in Q3,” said Dr. Jon Peddie, president of Jon Peddie Research. “AMD and Intel released new CPUs, and there was some pent-up demand for them. However, looking forward, we think that if the proposed tariffs are imposed, the PC market will suffer a recession due to increased prices and unmatched increases in income.”
GPUs and CPUs are leading indicators of the PC market because they go into a system while it’s being built, before the suppliers ship the PC. However, most semiconductor vendors are guiding up for the next quarter an average of 7.6%. Last quarter, they guided -7.9%, which was too low. The 10-year average for Q2-to-Q3 shipments is 0.9%, so happy days may not be entirely here just yet, but given the turmoil, it’s hard to predict.
The new Q3’24 edition of Market Watch contains the above information and more. For easier consumption, we have changed the report’s format from a heavily narrated version to a heavily charted version. We have also added server and client CPU shipment data back to Q1’21 and GPU-compute (which includes AI GPUs) shipment data back to Q1’21 for AMD, Intel, and Nvidia. We have expanded the pivot data array to include those devices.
JPR also publishes a series of reports on the graphics add-in board market and PC gaming hardware market. The latter covers the total market, including systems and accessories, and examines 31 countries.
Pricing and availability
JPR’s Market Watch is available in electronic (PDF) format only, and a single issue sells for $3,000. This report includes an Excel workbook with the data used to create the charts, the charts themselves, and supplemental information. The annual subscription price for JPR’s Market Watch is $6,000 and includes four quarterly issues. Full subscribers to JPR services receive TechWatch (the company’s exclusive access to daily news).
Click here to view the table of contents and more about this significant report or to download it now. For more information, call (415) 435-9368 or visit the Jon Peddie Research website at www.jonpeddie.com.
About Jon Peddie Research
Jon Peddie Research has been active in the graphics and multimedia fields for more than 30 years. JPR is a technically oriented multimedia and graphics research and consulting firm. Based in Tiburon, California, JPR provides consulting, research, and other specialized services to technology companies in various fields, including graphics development, multimedia for professional applications and consumer electronics, high-end computing, and Internet-access product development. JPR’s Market Watch is a quarterly report focused on PC graphics controllers’s market activity for notebook and desktop computing.
Company Contacts:
Jon Peddie, Jon Peddie Research
(415) 435-9368
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Carol Warren, Creor Group
(714) 890-4500
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