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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.
Base Year
Historical Year
Forecast Year
Global PCIe Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 25.55 |
Market Size 2032 | USD Billion | 79.86 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 13.5% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 15.5% |
CAGR 2024-2032 - Market by Country | India | 17.8% |
CAGR 2024-2032 - Market by Country | China | 14.9% |
CAGR 2024-2032 - Market by Product | MLC | 18.1% |
CAGR 2024-2032 - Market by Application | Graphic Processor Units | 19.6% |
Market Share by Country 2023 | Germany | 4.4% |
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.
Value in USD Billion
2025-2034
PCIe Market Outlook
*this image is indicative*
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
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.
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.
The adoption of Non-Volatile Memory Express SSDs as an alternative to SATA-based SSDs is fuelling the PCIe market development.
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.
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.
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:
Breakup by Generation
Breakup by Form Factor
Breakup by Product
Breakup by Application
Breakup by End-User
Breakup by Region
CAGR 2024-2032 - 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% |
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.
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. 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 was founded in 1993 and is headquartered in California, United States. It revolutionised th...
Renesas Electronics Corporation was founded in November 2002 and is headquartered in Tokyo, Japan. It is engag...
Toshiba Corporation was founded in 1875 and is headquartered in Tokyo, Japan. It specialises in manufacturing ...
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
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.
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.
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:
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Breakup by Generation |
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Breakup by Form Factor |
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Breakup by Product |
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Breakup by Application |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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