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Graphics card market value hit almost $52 billion in 2021, says report

NVIDIA GeForce RTX 3070 review
NVIDIA GeForce RTX 3070 review (Image credit: Harish Jonnalagadda / Windows Central)

What you need to know

  • GPU shipments went up by almost 30% in 2021 compared to the previous year.
  • The GPU market reached $51.8 billion in 2021.
  • Over 50 million GPUs shipped in 2021, which is an increase of over eight million year-over-year.

Despite the ongoing global chip shortage, the GPU market saw significant growth in 2021. According to new figures from Jon Peddie Research (via Graphic Speak), AIB (graphics add-in board) shipments went up 29.5% between 2020 and 2021. That increase pushed shipments in the industry to $51.8 billion in value.

The fact that shipments went up in 2021 isn't surprising. It was already known that both AMD and NVIDIA set revenue records last year. But figures from Jon Peddie Research's Graphic Speak provided insight into how much the industry grew.

The data showed that it wasn't just the increased price of graphics cards that led to higher revenues for NVIDIA and AMD. The total shipments of cards went up dramatically as well. Jon Peddie Research claimed that 42 million graphics cards shipped in 2020. In contrast, over 50 million GPUs shipped in 2021.

2022 is poised to be another strong year for GPU shipments and sales. NVIDIA and AMD will continue to roll out graphics cards in an effort to meet the persistent demand for GPUs. Intel will enter the space as well, as the company recently launched its Arc graphics.

"Intel is poised to enter the AIB market in 2022. It is unknown if the company will sell add-in-boards as AMD and Nvidia do, or just offer chips," noted Dr. Jon Peddie. "The company is entering the market at a high point and may be surprised when the hangover of COVID and crypto mining falls off. The big question most people are asking is how much market share will the company take?"

Jon Peddie Research predicted that the graphics card market will rise to $52.2 billion by 2023.

Sean Endicott
Sean Endicott

Sean Endicott is the news writer for Windows Central. If it runs Windows, is made by Microsoft, or has anything to do with either, he's on it. Sean's been with Windows Central since 2017 and is also our resident app expert. If you have a news tip or an app to review, hit him up at sean.endicott@futurenet.com.

3 Comments
  • It should generate even more with higher MSRP on the 2022 lineup of cards.
  • Shhh, we haven't posted that article yet.
  • "[Intel] is entering the market at a high point and may be surprised when the hangover of COVID and crypto mining falls off." You mean, crypto's glory days aren't ahead? Imagine my shock.