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Report Overview

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.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2023, total investments in generative AI reached USD 25.2 billion, recording a y-o-y growth of 9 times.
  • As per industry reports, the use of ML algorithms improved the accuracy of Google Translate to 85%.
  • Most companies are increasing their ML budget by 25%, which is leading to increase in the PCIe market revenue.

Compound Annual Growth Rate

Value in USD Billion

13.5%

2025-2034


PCIe Market Outlook

*this image is indicative*

 

Global PCIe Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 29.00
Market Size 2034 USD Billion 102.89
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 13.50%
CAGR 2025-2034 - Market by Region Asia Pacific 15.5%
CAGR 2025-2034 - Market by Country India 17.8%
CAGR 2025-2034 - Market by Country China 14.9%
CAGR 2025-2034 - Market by Product MLC 18.1%
CAGR 2025-2034 - Market by Application Graphic Processor Units 19.6%
Market Share by Country 2024 Germany 4.4%

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

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
CAGR 2025-2034 - Market by Country
India 17.8%
China 14.9%
Canada 12.8%
France 10.6%
Italy 9.4%
USA XX%
UK XX%
Germany XX%
Japan 9.3%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

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.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate value of USD 29.00 Billion.

The market is projected to grow at a CAGR of 13.50% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 102.89 Billion by 2034.

The different regions considered in the market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different applications of PCIe are graphic processor units, network interface cards, storage devices and controllers, switches, and servers.

The different products in the market are SLC and MLC.

The different end users of PCIe are telecommunication, industrial, residential, data centres, automotive, and infrastructure.

Key players in the market are Intel Corporation, Texas Instruments Incorporated, Microchip Technology Inc., Samsung Electronics Co., Ltd., Broadcom, Inc., NVIDIA Corporation, Toshiba Corporation, Rambus, Marvell Technology, Inc., and Renesas Electronics Corporation, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Generation
  • Form Factor
  • Product
  • Application
  • End User
  • Region
Breakup by Generation
  • PCle 1.0 and 2.0
  • PCle 3.0
  • PCle 4.0
  • PCle 5.0
Breakup by Form Factor
  • Mini PCle
  • PCle
Breakup by Product
  • SLC
  • MLC
Breakup by Application
  • Graphic Processor Units
  • Network Interface Cards
  • Storage Devices and Controllers
  • Switches
  • Servers
Breakup by End User
  • Telecommunication
  • Industrial
  • Residential
  • Data Centres
  • Automotive
  • Infrastructure
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Intel Corporation
  • Texas Instruments Incorporated
  • Microchip Technology Inc.
  • Samsung Electronics Co., Ltd.
  • Broadcom, Inc.
  • NVIDIA Corporation
  • Toshiba Corporation
  • Rambus
  • Marvell Technology, Inc.
  • Renesas Electronics Corporation
  • Others

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