AMD and NVIDIA take the hit, Intel holds firm.
The latest report from Jon Peddie Research reports, again, a global decline in the global GPU market in the third quarter of 2022; a constant this year, since it was already the observation of the reports of the first and second quarters. Usually, however, the third quarter is the one with the strongest increase compared to the previous one, with a ten-year average of 5.3%. For once, this third quarter of 2022 saw a drop of 10.3%.
AMD is the company that contributes and suffers the most from this downturn. Its GPU shipments were down 47.6% from the previous quarter. The drop is 19.7% for NVIDIA. Only Intel remains in the positive, with an increase of 4.7%.
Year-over-year, total GPU shipments were down 25.1%. Specifically, -15.43% for desktop graphics cards and -30% for laptops. JPR analysts report that this is the largest decline since the 2009 recession.
A critical quarter for AMD
As highlighted in one of the two charts below, AMD’s GPU market share from last quarter fell 8.5 points, and NVIDIA’s fell 1.87 points. Intel’s PDM, on the other hand, increased by 10.3 points. Note that the term GPU here refers to both iGPUs and dedicated GPUs. On the other hand, the report notes that the overall PC processor market was down 5.7% quarter over quarter and 18.6% year over year.
In raw data, 75.5 million GPUs were sold in the third quarter of 2022. Despite this decline, the GPU market is expected to see an annual growth rate of 2.8% during the period 2022-2026 and reach a base installed of 3,138 million units at the end of this period. Furthermore, over the next five years, the penetration of dedicated GPUs (dGPUs) in PCs would increase to a level of 26%.
Jon Peddie’s analysis
Jon Peddie, President of JPR, comments: “The third quarter is usually the high point of the year for GPU and PC vendors, and even though vendors had announced a decline in the second quarter, results were much lower. to their predictions.
All companies gave varying and sometimes similar reasons for the slowdown: the shutdown of cryptocurrency mining, headwinds from pandemic zero tolerance rules, and factory closures in China. , the sanctions of the United States taken against the country, the situation of users following the increase in purchases during the Covid, the Osborne effect [“annonce prématurée de sortie d’un nouveau produit, conduisant les clients à annuler ou différer leurs achats des produits existant car bientôt obsolètes”, explique Wikipedia]on AMD, inflation and higher AIB prices, excess inventory run-off”.
“The feeling is that fourth quarter deliveries will be down, but average selling prices will be up, there will be enough supply, and everyone will have a good holiday.”
Source : Jon Peddie Research