The global PCIe Market size is anticipated to reach USD 123.3 billion by 2033. It is projected to witness a CAGR of 16.2% in the estimated period from 2023 to 2033. The market is likely to reach a valuation of USD 27.6 billion by 2023.
Peripheral component interconnect express (PCIe) provides high-speed data transfer between the motherboard and various components. As technology advances, demand for faster data transfer increases. It is particularly high in areas such as gaming, content creation, and data-intensive applications, which would help the market to expand.
Consumers are looking for PCIe that would offer faster speeds compared to older bus standards such as peripheral component interconnect (PCI) and accelerated graphics port (AGP). Hence, these are set to play a crucial role in meeting the demands of modern computing.
PCIe also delivers excellent expansion capabilities. Users are likely to add more components and peripherals to their systems with this feature. With PCIe slots, they can install additional graphics cards for multi-GPU setups, thereby pushing demand.
Addition of high-performance storage devices such as NVMe SSDs, connection with high-bandwidth networking cards, or utilization of other expansion cards for specialized functionality would drive sales. As applications become more resource-intensive and require additional hardware, PCIe slot demand increases to accommodate these expansions.
Demand for powerful graphics cards has surged due to increasing popularity of gaming, virtual reality, and GPU-intensive tasks. A few of the popular areas of graphics card use include 3D modeling, video editing, and machine learning, which are projected to bolster the market.
Modern graphics cards are typically connected via PCIe slots. Hence, need for high-performance GPUs has contributed significantly to the rising demand for PCIe.
Emergence of faster storage technologies such as non-volatile memory express (NVMe) SSDs have led to increased demand for PCIe. NVMe SSDs are projected to utilize the PCIe interface for communication, further propelling demand.
PCIe-based SSDs would offer significantly higher data transfer rates, as compared to traditional SATA-based SSDs. As more users adopt NVMe storage solutions to enhance system responsiveness and improve data access speeds, demand for PCIe slots to accommodate these drives rises.
Need for higher computing power and faster data transfer rates with emergence of artificial intelligence, machine learning, virtual reality, and augmented reality would drive growth. These technologies often rely on specialized hardware components that utilize PCIe slots, which would boost sales.
High demand for AI accelerators, specialized GPUs, or field-programmable gate array (FPGA) cards worldwide is likely to accelerate growth. Growing adoption of these technologies and need for compatible hardware would contribute to high PCIe sales by 2033.
| Attributes | Key Insights |
|---|---|
| PCIe Market Estimated Size (2023E) | USD 27.6 billion |
| Projected Market Valuation (2033F) | USD 123.3 billion |
| Value-based CAGR (2023 to 2033) | 16.2% |
| United States Value-based CAGR (2023 to 2033) | 15.8% |
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The global PCIe industry witnessed a robust CAGR of around 20.6% in the historical period from 2018 to 2022. It is anticipated to showcase a CAGR of about 16.2% in the forecast period.
PCIe is commonly used in modern motherboards such as a high-speed interface for connecting different components. Rising use of PCIe in expansion cards, storage devices, network adapters, and other peripherals would propel demand.
Continuous development of PCIe as an industry standard and its ongoing advancements fueled its demand in the past. Every new iteration of PCIe such as PCIe 2.0, 3.0, and 4.0, offered improved data transfer speeds and increased bandwidth. These advancements enticed hardware manufacturers & consumers to adopt PCIe and take advantage of its enhanced capabilities.
In server environments, virtualization technologies gained popularity, enabling efficient utilization of server resources. PCIe played a crucial role in facilitating virtualization by allowing the allocation of dedicated I/O channels to virtual machines. As server virtualization became widespread, demand for PCIe escalated to accommodate increased I/O requirements of virtualized environments.
Before PCIe, older bus interfaces such as PCI and AGP were prevalent. However, these interfaces had limitations in terms of data transfer speeds and bandwidth.
As technology advanced and need for faster & more efficient data transfer arose, PCIe emerged as a superior alternative. Transition from these legacy bus interfaces to PCIe drove the initial surge in demand during the historical period.
Top PCIe Market Trends Listed by Future Market Insights (FMI):
High Investment in Defense Technology to Push Demand for PCI Express in the United States
The United States PCIe market is expected to be worth USD 21.0 billion by 2033. It is likely to create an absolute dollar growth of USD 16.2 billion till 2033.
The United States witnessed growth at a CAGR of 17.2% from 2018 to 2022. It is projected to witness a CAGR of 15.8% from 2023 to 2033.
The United States is at the forefront of technological innovation, with a thriving tech industry and a strong emphasis on research & development. As technology advances and new applications emerge, demand for faster data transfer and expanded hardware capabilities increases. PCIe, with its high-speed connectivity and expansion options, is well-suited to meet these demands, leading to its rapid growth in the country.
The United States government and defense sectors also have unique requirements for high-speed and secure data transfer. PCIe technology meets these demands, providing reliable and fast connectivity for various defense systems, surveillance, communication, and scientific research. Growing investment in defense technology and infrastructure would further fuel PCIe demand in the country.
Rising Media Consumption to Fuel Demand for PCIe Interface in the United Kingdom
The United Kingdom PCIe market is anticipated to reach a valuation of USD 3.1 billion by 2033. The country is likely to create an absolute dollar opportunity of USD 2.3 billion in the next ten years.
The United Kingdom market exhibited steady growth at a CAGR of 15.7% from 2018 to 2022. It is projected to elevate considerably at a CAGR of 14.4% from 2023 to 2033.
The United Kingdom has a robust enterprise sector with a significant number of data centers and server installations. Increasing use of PCIe in these environments to connect storage arrays, network cards, and other expansion cards is set to boost sales. As businesses strive for efficient data management, virtualization, and scalable computing solutions, demand for PCIe in the country’s enterprise and server markets remains high.
The United Kingdom also has a substantial consumer market with a high level of technology adoption. As consumers seek faster and more capable systems for gaming, media consumption, and productivity, there is a significant demand for PCIe-based components & devices. Rising popularity of smart home technologies, high-resolution displays, and virtual reality would further augment PCIe demand in the consumer market.
Booming Technology Sector in China to Accelerate Sales of Different Types of PCIe Slots
China PCIe market is expected to top a valuation of around USD 32.4 billion in 2033. It is projected to create an incremental opportunity of about USD 26.1 billion in the estimated time frame.
China showcased a decent CAGR of 23.0% from 2018 to 2022. It is likely to broaden at a CAGR of 17.7% from 2023 to 2033.
China has a booming technology industry, with a focus on hardware manufacturing, networking equipment, and consumer electronics. PCIe is a critical component in these sectors, especially for high-performance computing, data centers, and network infrastructure. As demand for faster data transfer and expanded hardware capabilities increases in China, there is a parallel growth in the adoption of PCIe technology.
China is also investing in research and development initiatives focused on PCIe technology. Universities, research institutions, and technology companies in China are set to be actively engaged in studying & developing PCIe solutions.
Such research efforts would aim to enhance PCIe performance. These would also help to explore new applications and develop next-generation PCIe standards & technologies.
Principal Consultant
Demand for PCIe 3.0 to Rise with Need for Smooth Graphics Performance Worldwide
The PCIe 3.0 segment by generation is projected to witness significant growth in the PCIe market. It broadened at a robust CAGR of 20.1% from 2018 to 2022. The segment is likely to expand at a CAGR of 16.1% from 2023 to 2033.
As PCIe 3.0 offers higher bandwidth and faster data transfer rates compared to its predecessor, PCIe 2.0, its demand is projected to surge. As technology advances and applications become more data-intensive, there is a growing need for high-performance components such as graphics cards, solid-state drives, and network cards. These are projected to take advantage of increased bandwidth provided by PCIe 3.0, thereby pushing demand.
Gaming and multimedia industries are constantly pushing the boundaries of graphics performance and data transfer. Increasing demand for faster communication between the CPU and graphics card is projected to drive the need for PCIe 3.0.
Need for smoother gameplay, improved visual fidelity, and faster rendering times are also set to drive the segment among modern consumers. As demand for immersive gaming experiences and high-resolution multimedia content increases, so does the need for PCIe 3.0.
PCIe 3.0 has proved to be beneficial for high-speed storage devices such as NVMe SSDs. NVMe SSDs. Leveraging increasing bandwidth of PCIe 3.0 is hence projected to support the segment.
High demand for new interfaces that can deliver significantly faster data transfer speeds and reduced latency, as compared to traditional SATA-based SSDs, would push PCIe 3.0 demand. As NVMe SSDs gain popularity due to their superior performance and responsiveness, demand for PCIe 3.0 rises accordingly.
Need to Maximize Storage Devices and Controllers Potential to Push Demand for PCIe SSD
PCIe used in storage devices and controllers is projected to witness steady growth by 2033. The segment exhibited growth at a CAGR of 19.6% from 2018 to 2022. It is expected to surge at a CAGR of 16.0% from 2023 to 2033.
Requirement for higher bandwidth that would allow for faster data transfer rates, reducing latency and improving storage performance is anticipated to propel PCIe sales. As storage devices continue to become quick and more capable, PCIe would provide the necessary bandwidth to fully leverage their potential, further pushing demand.
PCIe's scalability is a significant advantage in the storage industry. High demand for new solutions that supports multiple lanes and allows for parallel data transfer is expected to elevate demand.
Need for connection of multiple storage devices or controllers to a single PCIe slot is another vital factor driving demand. This scalability is set to be crucial for storage solutions that require high performance, large storage capacity, or complex RAID configurations. These aforementioned characteristics are projected to bode well for the segment.
Need to bypass traditional storage interfaces that go through the motherboard chipset is estimated to bolster the segment. Today’s consumers are projected to look for PCIe that can connect storage devices and controllers directly to the CPU.
Direct connection results in lower latency and improved data transfer speeds. Manufacturers are projected to use PCIe to maximize the potential performance of storage devices and controllers. These are set to help them to eliminate the bottleneck caused by chipset-based interfaces.
PCIe companies are set to collaborate with other technology firms, component manufacturers, and industry players to leverage their respective expertise & resources. These collaborations would enable the development of comprehensive solutions and foster innovation in PCIe technology. Strategic partnerships might involve joint research projects, sharing intellectual property, or integrating PCIe technology into complementary products.
PCIe manufacturers might actively participate in industry standards organizations such as PCI-SIG or the Peripheral Component Interconnect Special Interest Group. By contributing to development of PCIe standards, they can influence the direction of technology.
They can also ensure interoperability among different PCIe products. Being involved in industry standards can enhance the credibility and market acceptance of their products.
A few recent developments in the PCIe market are:
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 27.6 billion |
| Projected Market Valuation (2033) | USD 123.3 billion |
| Value-based CAGR (2023 to 2033) | 16.2% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) |
| Segments Covered | Generation, Form Factor, Product, Application, End Users, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Russia & Belarus; Balkan & Baltic Countries; Central Asia; South Asia and the Pacific; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Czech Republic, Poland, Romania, Hungary, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia & New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Saudi Arabia, Algeria, Egypt, Morocco |
| Key Companies Profiled | Broadcom Inc.; Microchip Technology Inc.; Renesas Electronics Corporation; Samsung Electronics Co. Ltd.; Intel Corporation; Nvidia Corporation; Toshiba Corporation; PLDA; Xilinx Inc.; Texas Instruments |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market in 2023 is valued at USD 27.6 billion.
The market rose at a 20.6% CAGR from 2018 to 2022.
The market will register a 16.2% CAGR until 2033.
By 2033, the market will reach USD 123.3 billion.
China is expected to top a valuation of around USD 32.4 billion in 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Generation 5.1. 1.0 & 2.0 5.2. 3.0 5.3. 4.0 5.4. 5.0 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form Factor 6.1. Mini PCIe 6.2. PCIe 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 7.1. SLC 7.2. MLC 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Graphic Processor Units 8.2. Network Interface Cards 8.3. Storage Device & Controllers 8.4. Switches 8.5. Servers 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 9.1. Telecommunication 9.2. Industrial 9.3. Residential 9.4. Data Centers 9.4.1. Hyperscale 9.5. Automotive 9.6. Infrastructure 9.7. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Broadcom Inc. 18.2. Microchip Technology Inc. 18.3. Renesas Electronics Corporation 18.4. Samsung Electronics Co. Ltd. 18.5. Intel Corporation 18.6. Nvidia Corporation 18.7. Toshiba Corporation 18.8. PLDA 18.9. Xilinx Inc. 18.10. Texas Instruments 19. Assumptions & Acronyms Used 20. Research Methodology
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PCIe Market
