The PC GPU market has made a significant recovery after several years of decline, with both GPU and graphics card shipments recording their largest quarterly growth since 2020. The GPU market has continued to decline since 2020, and 2020 is the last peak of the GPU market, with a quarterly growth rate of approximately 20%. The main reason is the supply disruption caused by the COVID-19 pandemic, which has resulted in a reduction in the number of products in the market and an increase in prices. However, the situation changed in 2023, the market returned to normal, and prices in the entire PC market dropped significantly.

GPU shipments have been on a downward trend since 2020, falling from more than 120 million units to less than 60 million units by the end of 2022. That's almost half of 2020 shipments, which were also the highest since 2014.

As of the third quarter of 2023, the market has recovered its strength, and positive growth occurred for the first time in the second quarter of 2021, with an increase of 16.8%. Not only that, GPU shipments also increased to 71.9 million units. According to the current development trajectory, by the end of 2026, the installed capacity of GPUs (including iGPU and dGPU) will reach 5 billion.

Now looking at the GPU market share of the top three GPU suppliers, AMD had the largest share increase in the third quarter of 2024, increasing by 2.4%, and shipments increased by 36.6% from the previous quarter; Nvidia ranked second, with a share increase of 1.30%, and shipments increased by 25.2%; Intel's share fell by -3.7%, although shipments increased by 10.4%. These numbers include both dGPU and iGPU.

AMD's strong growth is mainly due to strong sales in the notebook market, which has seen a significant increase in CPU shipments. All of AMD's Ryzen laptop processors come with iGPUs. The same goes for Ryzen 7000 desktop CPUs, which have also become popular over the past few months thanks to price cuts and great deals on the AM5 platform.

This quarter, the overall GPU attachment rate in PCs (including integrated and discrete GPUs, desktops, laptops and workstations) was 117%, an increase of 1.6% from the previous quarter. Desktop graphics cards (AIB using discrete GPUs) grew 37.4% sequentially.

Tablet shipments increased 6.1% this quarter compared with the previous quarter. The overall PCCPU market grew by 15.2% year-on-year in the quarter and fell by -6.0% year-on-year.

In terms of standalone graphics processors (including AIB, which provides graphics cards), the graphics processor market grew 37.4% from the previous quarter. Specific data has not yet been released, but it looks like the entry of mainstream products such as the RTX 4060 series and AMD's RX7700/7800 series may lead to strong sales, and the RTX40 GPU is indeed performing well in the high-end notebook field.