The GPU market has started to normalize as demand picks back up. According to JP Research, the global PC GPU market reached 71.9 million units in the third quarter of 2023, the highest since 2021. The iGPU market accounted for much of the market growth, led by AMD’s Ryzen/Radeon processors. AMD’s shipments increased by 36.6%, while NVIDIA’s increased by 25.2%. Intel’s onboard GPU market saw a mild increase of 10.4%.
AMD’s overall market increased by 2.4% over the last quarter, while NVIDIA gained 1.3% market share. Conversely, Intel’s market share dropped by -3.7% to the lowest in over a year. The desktop dGPU market had a healthy quarter, reporting a 37.4% growth over the last quarter. The overall PC GPU market (iGPUs, dGPUs, and GPGPUs) rose to 117%, up 1.6% quarter-over-quarter.
The third quarter GPU unit sales were up 16.8% quarter-over-quarter and double the last 10-year average of 8.8%. Unfortunately, most chipmakers have a lower forecast for the upcoming quarter. Furthermore, the PC CPU market grew 16% quarter-on-quarter while declining 6% year-on-year.
