PCIe Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global PCIe market size reached around USD 29.00 Billion in 2024. The market is projected to grow at a CAGR of 13.50% between 2025 and 2034 to reach nearly USD 102.89 Billion by 2034.

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Global PCIe Market Growth

As per the American Business Survey of 2021, around 4% of all American firms were using AI for their business processes. However, increasing innovations in PCs and the energy sector have led to investments worth nearly 2% of the United States’ economic size. Over the forecast period, AI-related investments are expected to peak at around 2.5%-4% of US GDP and 1.5%-2.5% of the GDP of other economic superpowers. This means that global AI investments can reach USD 200 billion globally by 2025, and USD 100 billion in the United States. The growth of generative AI, which is expected to lead to a 1 percentage point growth in labour productivity upon widespread adoption, is anticipated to further fuel such investments, especially into companies that develop and train AI models and supply essential infrastructure for testing it. Moreover, investments in AI software development companies and their end users are also expected to soar. This is expected to drive the PCIe market expansion in the upcoming years, as PCIe enables powerful computing capabilities and offers fast data processing features. Moreover, the introduction of new versions of peripheral component interconnect express (PCIe) with increased bandwidth is expected to facilitate the market growth in the forecast period.

Key Trends and Developments

The growth of experiential retail in the Asia Pacific; the rise of machine learning; technological advancements in storage solutions; and the increasing establishment of data centres are the major factors favouring the PCIe market growth

October 2024

Samsung Electronics announced the beginning of the mass production of PM9E1, a PCle 5.0 SSD with the industry’s largest capacity. It is produced using eighth-generation V-NAND (V8) and its own 5-nanometer (nm)-based controller technology.

August 2024

Micron is expected to showcase the industry’s first ever PCIe Gen6 SSD at the Flash Memory Summit 2024. It possesses sequential read speeds over 26GB/s and is designed to cater to the growing need for AI processing in data centres.

March 2023

GIGABYTE launched UD1300GM PCIE 5.0 power supply, which supports ATX 3.0 standards and PCIe Gen 5.0. It can provide nearly 600 watts to graphics cards through a single 16-pin cable, thereby enhancing the ease of installation and airflow. The power supply has high-quality Japanese capacitors, 6 circuit protection designs, and a 140mm smart hydraulic bearing fan. It is ideally suited for high-end gamers and is expected to favourably influence the PCIe market outlook in upcoming years.

January 2022

Toshiba launched the TC9563XBG, which is a new Ethernet bridge IC designed for industrial and automotive use. It supports dual 10 Gbps Ethernet ports and enhances low-latency, real-time communication. It is an ideal choice for next-generation automobiles.

Growth of experiential retail in Asia Pacific

As per a study, 64% of Asia Pacific consumers prefer in-person shopping to online distribution channels. This is prompting investors and developers to introduce experiential retail services in malls and shops, which rely on AI tools and digital enhancements, leading to the PCIe market expansion.

Rise of machine learning

As per industrial analysis, 65% of companies view machine learning as an essential technology that facilitates decision-making. Furthermore, deep learning techniques account for approximately 40% of the annual value generated by all analytics techniques. This is expected to directly favour the market growth, as PCIe facilitates large volumes of data transfer via a reliable network channel.

Technological advancements in storage solutions

The adoption of Non-Volatile Memory Express SSDs as an alternative to SATA-based SSDs is fuelling the PCIe market development.

Increasing establishment of data centres

Global spending by end-users on availing public cloud infrastructure services is expected to surpass USD 1 trillion before 2040. This is expected to lead to substantial growth in data centre construction and fuel the demand for PCIe.

Global PCIe Market Trends

Many businesses are adopting machine learning technologies for extracting high-quality information (60%), increasing the speed and productivity of business processes (48%), cost reduction (46%), and extracting additional value from datasets (31%). This is expected to increase the PCIe market value, as PCIe facilitates the seamless transfer of large amounts of data. It also provides scalability to the machine learning infrastructure, thereby simplifying its development and deployment.

Global PCIe Industry Segmentation

The EMR’s report titled “Global PCIe Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Generation:

• PCle 1.0 and 2.0
• PCle 3.0
• PCle 4.0
• PCle 5.0

Market Breakup by Form Factor:

• Mini PCle
• PCle

Market Breakup by Product:

• SLC
• MLC

Market Breakup by Application:

• Graphic Processor Units
• Network Interface Cards
• Storage Devices and Controllers
• Switches
• Servers

Market Breakup by End-User:

• Telecommunication
• Industrial
• Residential
• Data Centres
• Automotive
• Infrastructure

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global PCIe Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is estimated to grow at a CAGR of 15.5% as a result of rising investments in data centre establishment in countries like India. Moreover, the PCIe market development is being driven by the rising worldwide adoption of machine learning tools and technological advancements in computer storage solutions.

Leading Companies in the Global PCIe Market

Major players are designing innovative PCIe solutions to cater to the increasing computational demands faced by data centres. This is creating a favourable PCIe market outlook.

Microchip Technology Inc.

Microchip Technology Inc. was founded in 1989 and is headquartered in Arizona, United States. It is a semiconductor manufacturing company which specialises in producing microcontrollers, among other embedded wireless solutions.

NVIDIA Corporation

NVIDIA Corporation was founded in 1993 and is headquartered in California, United States. It revolutionised the PC gaming market by designing GPU and pioneered the development of accelerated computing. As of 2024, it has become one of the most valued companies globally, surpassing Apple.

Renesas Electronics Corporation

Renesas Electronics Corporation was founded in November 2002 and is headquartered in Tokyo, Japan. It is engaged in manufacturing semiconductor solutions for high-performance computing, embedded processing, design and manufacturing, and industrial applications.

Toshiba Corporation

Toshiba Corporation was founded in 1875 and is headquartered in Tokyo, Japan. It specialises in manufacturing electronic solutions for the energy industry, apart from various social infrastructure projects.

Other players included in the PCIe market report are Intel Corporation, Texas Instruments Incorporated, Samsung Electronics Co., Ltd., Broadcom, Inc., Rambus, Marvell Technology, Inc., and among others.
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