Market Watch (Q1'2022)
By Jon Peddie and Robert Dow
JPR’s quarterly report Market Watch gives market share (in units) of all suppliers of graphics chips, integrated, embedded, and discrete worldwide. Historical data is included from Q1’04. Market Watch is supplied in electronic form and includes a written summary of the quarter and an in-depth spreadsheet.
Market Watch is a valuable resource for understanding the PC market providing insight into the capabilities of PCs in use today and coming in the near future.
The latest version of Market Watch is our Q1'2022 Report.
Q1’22 saw a decline in GPU and PC shipments quarter-to-quarter
The PC GPU market shipments decreased by -6.2% sequentially from last quarter and decreased by -19% year-to-year.
Jon Peddie Research reports the global PC-based Graphics Processor Units (GPU) market reached 96 million units in Q1'22 and PC GPUs shipments, a decrease of 6.2% due to disturbances in China, Ukraine, and the pullback from the lockdown elsewhere. However, the fundamentals of the GPU and PC market are solid over the long, JPR predicts GPUs will have a compound annual growth rate of 6.3% during 2022–2026 and reach an installed base of 3.3 million units at the end of the forecast period. Over the next five years, the penetration of discrete GPUs (dGPU) in the PC market will grow to reach a level of 46%.
AMD’s overall market share percentage from last quarter increased 0.7%, Intel’s market share decreased by -2.4%, and Nvidia’s market share increased 1.69%, as indicated in the following chart.
|Quarterly shipments and market share percentages and year-to-year results|
Overall GPU unit shipments decreased by -6.2% from last quarter, AMD shipments decreased by -1.5%, Intel’s shipments decreased by -8.7%, and Nvidia’s shipments increased 3.2%.
- The GPU's overall attach rate (which includes integrated and discrete GPUs, desktops, notebooks, and workstations) to PCs for the quarter was 129%, up 5.0% from last quarter.
- The overall PC CPU market decreased by -10.8% quarter-to-quarter and decreased -26.2% year-to-year.
- Desktop graphics add-in boards (AIBs that use discrete GPUs) increased by 1.4% from the last quarter.
- This quarter saw a drop of 16.5% in tablet shipments from last quarter.
The first quarter is typically flat to down; compared to the previous quarter. This quarter was down -6.2% from last quarter which is above the 10-year average of-10.2%. GPUs are traditionally a leading indicator of the market because a GPU goes into a system before the suppliers ship the PC. Most of the semiconductor vendors are guiding up for the next quarter, an average of 1.99% Last quarter they guided -0.4% which was too high.
The total (desktop and notebook) market share for the two dGPU suppliers is shown in the following table.
|PC dGPU shipment market shares|
The swirl of influences at play includes macro-disruptions in Europe and North America as Covid comes and goes along with shifting lockdown strategies. The return to work from Covid and return to offices is also a bit of a rolling disruption and every country negotiates a shift that seems to be pleasing nobody. China has taken its own path in dealing with Covid, which continues to affect the availability of goods and components. And now, there is war. Russia’s attack on Ukraine is multiplying the effects of Covid, especially inflation and food insecurity.
Jon Peddie, President of JPR, noted, “Consumers are cautious despite new product introductions from AMD, Intel, and Nvidia (AIN) in the second half. Therefore, our forecast for the year is a modest two-to-three percent for GPUs.
US Real GDP growth will rise 2.3 percent (year-over-year) according to the Conference Board Economic Forecast for the US Economy and we expect growth of 2.1 percent (year-over-year) in 2023.”
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