Peripheral Component Interconnect (PCI) Express Market
By Device Type;
Graphics Cards (GPUs), Sound Cards, Network Interface Cards (NICs), and RAID Controller CardsBy Component;
Hardware, Software, and ServicesBy Application;
Storage, Data Center and OthersBy End-User;
Telecommunication, Industrial, Residential, Datacenters, Automotive, Infrastructure, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)PCI Express Market Overview
PCI Express Market (USD Million)
PCI Express Market was valued at USD 805,246.41 million in the year 2024. The size of this market is expected to increase to USD 1,202,819.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.
Peripheral Component Interconnect (PCI) Express Market
*Market size in USD million
CAGR 5.9 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 5.9 % |
Market Size (2024) | USD 805,246.41 Million |
Market Size (2031) | USD 1,202,819.65 Million |
Market Concentration | Medium |
Report Pages | 308 |
Major Players
- Akamai Technologies Inc
- Intel Corp
- Kingston Technology Company Inc
- Microchip Technology Inc
- NVIDIA Corp
- PLDA
- Samsung Electronics Co. Ltd
- Texas Instruments Inc
- Toshiba Corp
- Xilinx Inc
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Peripheral Component Interconnect (PCI) Express Market
Fragmented - Highly competitive market without dominant players
The PCI Express Market is progressing rapidly, fueled by growing demand for high-speed, low-latency interconnects in computing systems. With more than 62% of enterprises prioritizing high-efficiency data pathways, technological advancements are reshaping how devices communicate. This transformation is supporting the development of next-gen servers, storage arrays, and AI-driven processors, revealing considerable expansion and innovation prospects across industries.
Data Growth Creating Opportunities for Interface Innovation
Increasing reliance on data-heavy operations is presenting vast opportunities for PCI Express implementations. With 59% of systems requiring enhanced data handling capabilities, the role of PCIe interfaces has become crucial in machine learning, cloud operations, and real-time applications. This rise in demand is fostering continuous technological innovation and increasing PCIe’s relevance across emerging digital platforms.
Strategic Enhancements Driving Performance and Growth
To stay competitive, companies are adopting strategies that focus on improving PCIe compatibility and device integration. Around 61% are launching advanced solutions that align with evolving system requirements. These enhancements are not only improving hardware functionality but also encouraging market growth by meeting the rising demand for speed, efficiency, and flexibility. This progress is facilitating broad market expansion across interconnected industries.
Future Outlook Strengthened by Mergers and System Alignment
The future of the PCI Express Market is being shaped by merger activities and structured ecosystem developments, with over 57% of vendors engaging in these areas to reinforce their positioning. These collaborative efforts aim to shorten development cycles, improve product interoperability, and scale PCIe use across sectors. As a result, the market is poised for enduring growth, strategic transformation, and wide-scale adoption of advanced computing technologies.
PCI Express Market Recent Developments
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In April 2021, Samsung Electronics announced the launch of its new PM9A1 SSD. It features a PCIe 4.0x4 interface. This new offering is well suited for usage in computers, notably for corporations and government agencies dealing with sensitive data & advanced security requirements.
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In December 2020, high-performance M.2 and compact PCIe AI acceleration modules were released by Hailo. These are made for edge computing devices. These modules offer a more adaptable and effective solution while enabling customers to implement exceptionally well artificial intelligence (AI) features within edge devices.
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In June 2020, the A520 chipset was launched by AMD. It would help operate the company’s Ryzen desktop processors of the third generation. By offering a path for upcoming improvements that utilize the Zen 3 architecture, the company hopes to serve its customers.
PCI Express Market Segment Analysis
In this report, the PCI Express Market has been segmented by Material Type, Size, Application, End-User, and Geography.
PCI Express Market, Segmentation by Material Type
The PCI Express Market has been segmented by Material Type into Plastic and Metal.
Plastic
Plastic-based PCIe components offer lightweight and cost-efficient solutions across various computing environments. Their insulating properties make them ideal for consumer electronics where thermal conductivity is not a concern. Plastic materials dominate in low-cost and compact PCIe cards deployed in desktops and entry-level systems. With increasing focus on affordability, this segment holds a significant share in mass-market applications.
Metal
Metal-based PCIe components are preferred in environments demanding durability and high conductivity. They are extensively used in industrial-grade and enterprise data center hardware where heat dissipation and electromagnetic shielding are critical. Although more expensive, the reliability and lifespan of metal-based PCIe interfaces make them essential for mission-critical applications and rugged systems.
PCI Express Market, Segmentation by Size
The PCI Express Market has been segmented by Size into Standard Size and Custom Size.
Standard Size
Standard size PCIe interfaces are widely adopted in desktops, servers, and embedded systems. With well-defined dimensions and pin configurations, they ensure compatibility across a broad range of hardware. These modules dominate due to their ease of integration and proven reliability in traditional motherboard layouts. They account for a large portion of the total PCIe volume shipped worldwide.
Custom Size
Custom-sized PCIe components cater to specialized and compact devices like industrial IoT controllers or mini PCs. These are designed to match unique form factors without compromising on bandwidth or performance. With increasing demand for tailored solutions in aerospace and automotive systems, this segment is witnessing gradual growth and innovation in connector design.
PCI Express Market, Segmentation by Application
The PCI Express Market has been segmented by Application into Storage, Data Center, and Others.
Storage
PCIe is extensively used in SSDs and high-speed storage devices, enabling faster data read/write operations. NVMe-based PCIe storage is revolutionizing computing performance by minimizing latency. This segment continues to grow due to cloud computing and personal data demand, maintaining strong momentum in consumer and enterprise storage devices.
Data Center
Data centers represent one of the fastest-growing applications for PCIe, where high-bandwidth, low-latency connectivity is essential. PCIe slots are utilized in accelerators, network cards, and AI GPUs, supporting scalable infrastructure. With the rise of AI and big data, this segment contributes significantly to market revenues.
Others
This includes a broad array of uses in telecom equipment, industrial automation, and embedded systems. These applications benefit from PCIe’s high-speed protocol in custom boards and compact enclosures. Although smaller in market share, this diverse category sees increasing adoption in IoT, robotics, and transportation electronics.
PCI Express Market, Segmentation by End-User
The PCI Express Market has been segmented by End-User into Manufacturing and Oil & Gas.
Manufacturing
Manufacturing industries integrate PCIe-enabled systems for tasks such as real-time monitoring, automation control, and predictive maintenance. These interfaces enhance machine connectivity, enabling faster data collection and decision-making at the edge. With the expansion of Industry 4.0, this segment is poised for sustained growth.
Oil & Gas
In oil and gas, PCIe is implemented in high-performance computing systems used for seismic imaging, data modeling, and exploration. The need for speed and reliability in harsh environments makes PCIe cards vital in these systems. This segment is niche but essential, driving the use of ruggedized computing platforms.
PCI Express Market, Segmentation by Geography
In this report, the PCI Express Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
PCI Express Market Share (%), by Geographical Region
North America
North America dominates the PCIe market with over 35% share, driven by its advanced cloud infrastructure and semiconductor R&D investments. The region houses key players and data center hubs contributing to large-scale PCIe deployments. High adoption in industrial automation and healthcare IT further boosts market growth.
Europe
Europe accounts for approximately 25% of the PCIe market, with a strong presence in automotive electronics and industrial computing. Countries like Germany, France, and the UK invest in PCIe-based systems for AI and embedded applications. Stringent data security norms and modernization of IT infrastructure support segment expansion.
Asia Pacific
Asia Pacific holds around 30% share, led by China, Japan, and South Korea’s dominance in electronics manufacturing. The region benefits from rising cloud adoption, 5G rollout, and high-speed storage needs. Government investments in smart factories and digital transformation push PCIe usage across industries.
Middle East & Africa
This region contributes to about 6% of the market, with growing adoption in oil and gas automation, smart grids, and military applications. Countries like UAE and Saudi Arabia are investing in digital infrastructure, creating demand for PCIe-enabled edge and industrial systems.
Latin America
Latin America holds close to 4% market share, with gradual growth observed in cloud services, data center setups, and telecom upgrades. Brazil and Mexico lead the region in PCIe adoption for commercial and public sector computing. Despite economic variability, the market is expanding steadily.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global PCI Express Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers:
- Increasing demand for high-speed data transfer
- Growth in cloud computing and data centers
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Proliferation of IoT devices-The proliferation of IoT devices is significantly impacting the Global PCI Express (PCIe) Market by driving the demand for more efficient and higher-speed data transfer solutions. As the number of connected devices increases, there is a growing need for robust data handling and communication technologies that can support the vast amounts of data generated by these devices. PCIe, with its high bandwidth and low latency capabilities, is ideally suited to meet these requirements, facilitating seamless data transfer between IoT devices and central processing units or cloud storage systems.
One of the key areas where IoT proliferation is influencing the PCIe market is in the realm of smart cities and smart infrastructure. These applications rely on a network of interconnected devices to monitor and manage various city operations, such as traffic control, energy distribution, and public safety. The efficient and reliable data transfer enabled by PCIe technology ensures that the data from numerous IoT sensors and devices is rapidly and accurately processed, leading to more effective and responsive city management systems.
Additionally, industrial IoT (IIoT) applications are benefiting from advancements in PCIe technology. In manufacturing and production environments, IoT devices are used for monitoring machinery, managing supply chains, and optimizing production processes. The high-speed data transfer capabilities of PCIe help in minimizing latency and enhancing real-time data processing, which is crucial for maintaining operational efficiency and reducing downtime. The ability of PCIe to support multiple devices simultaneously also makes it a valuable asset in complex industrial settings where numerous IoT sensors and controllers are in operation.
The healthcare sector is experiencing a surge in IoT adoption, with devices being used for patient monitoring, medical diagnostics, and health management systems. PCIe's high performance and reliability are essential for handling the critical data generated by these medical IoT devices. The fast and secure data transfer facilitated by PCIe ensures that healthcare providers can access and analyze patient data in real-time, leading to better patient outcomes and more efficient healthcare services. As IoT continues to expand across various sectors, the demand for advanced PCIe solutions is expected to grow, driving innovation and development within the market.
Restraints:
- High implementation costs
- Compatibility issues with legacy systems
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Limited awareness and technical expertise-In the rapidly evolving landscape of PCI Express (PCIe) technology, limited awareness and technical expertise pose significant challenges. Many organizations, especially small to medium-sized enterprises (SMEs), lack comprehensive knowledge about the benefits and potential applications of PCIe. This gap in understanding often leads to hesitation in adopting new technologies, as decision-makers may not fully grasp how PCIe can enhance their systems and operations. The intricacies of integrating PCIe into existing infrastructures can be daunting without adequate technical know-how, further exacerbating the issue.
Furthermore, the fast-paced advancements in PCIe standards, such as the transition from PCIe 4.0 to 5.0, and soon to PCIe 6.0, require continual education and training. Professionals in the field need to stay updated with the latest developments to leverage the full potential of these technologies. However, the rapid evolution creates a moving target, making it challenging for organizations to keep their workforce adequately trained. This constant learning curve can be a deterrent, particularly in industries where technological updates are frequent and complex.
The scarcity of skilled professionals with expertise in PCIe also contributes to the problem. While the demand for high-speed data transfer solutions is growing, the talent pool of individuals proficient in PCIe architecture and implementation remains limited. This shortage can lead to increased recruitment and training costs for businesses, as they may need to invest significantly in upskilling their current employees or attracting new talent with the necessary competencies. Consequently, the overall pace of PCIe adoption can be slowed, impacting the market's growth potential.
In addition, many educational programs and training courses have yet to incorporate comprehensive modules on PCIe technology. This lack of formal education pathways further exacerbates the skills gap. To bridge this divide, there needs to be a concerted effort from both the industry and academic institutions to develop robust training programs that cover the technical nuances of PCIe. Enhancing awareness and technical expertise through targeted education and practical experience is crucial for overcoming these challenges and ensuring the widespread adoption and optimization of PCIe technology in various sectors.
Opportunities:
- Expansion of 5G networks
- Growing demand in the automotive industry (e.g., autonomous vehicles)
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Increasing use of PCIe in gaming and VR applications-The increasing use of PCI Express (PCIe) in gaming and virtual reality (VR) applications is significantly driving the growth of the global PCIe market. As gaming and VR technologies evolve, the demand for higher performance and faster data transfer rates has become crucial. PCIe provides the necessary bandwidth and low latency required for immersive gaming experiences, supporting high-resolution graphics, complex simulations, and real-time responsiveness. Gamers seek seamless, lag-free interactions, and PCIe's capabilities ensure that advanced graphics cards, processors, and storage devices can operate at their full potential.
The proliferation of VR applications further underscores the importance of PCIe in the gaming sector. VR systems require substantial data throughput to render high-definition visuals and provide a smooth user experience. PCIe's high-speed interface facilitates the rapid exchange of data between the CPU, GPU, and other components, minimizing latency and enhancing the overall quality of VR experiences. As VR becomes more mainstream, encompassing areas such as education, training, and entertainment, the reliance on PCIe technology is expected to grow, driving its adoption across various devices and platforms.
The gaming industry is witnessing a surge in the development of cutting-edge hardware, including graphics cards and VR headsets, which are increasingly dependent on PCIe for optimal performance. Manufacturers are continuously innovating to meet the rising demands of gamers and VR enthusiasts, leading to the integration of advanced PCIe standards like PCIe 4.0 and PCIe 5.0. These newer standards offer even higher data transfer rates and improved efficiency, catering to the needs of next-generation gaming consoles, PCs, and VR systems. The competitive nature of the gaming market compels hardware developers to adopt the latest PCIe technologies to stay ahead.
The growth of e-sports and the increasing popularity of streaming services are further bolstering the need for high-performance computing solutions. PCIe's ability to support multi-GPU configurations and high-speed networking is essential for competitive gaming environments and live streaming platforms. As the gaming and VR ecosystems expand, the demand for robust and reliable PCIe infrastructure will continue to rise, making it a critical component in the ongoing advancement of these dynamic and rapidly evolving industries.
Competitive Landscape Analysis
Key players in Global PCI Express Market include:
- Akamai Technologies Inc
- Intel Corp
- Kingston Technology Company Inc
- Microchip Technology Inc
- NVIDIA Corp
- PLDA
- Samsung Electronics Co. Ltd
- Texas Instruments Inc
- Toshiba Corp
- Xilinx Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Device Type
- Market Snapshot, By Component
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Region
- PCI Express Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for high-speed data transfer
- Growth in cloud computing and data centers
- Proliferation of IoT devices
- Restraints
- High implementation costs
- Compatibility issues with legacy systems
- Limited awareness and technical expertise
- Opportunities
- Expansion of 5G networks
- Growing demand in the automotive industry (e.g., autonomous vehicles)
- Increasing use of PCIe in gaming and VR applications
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
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PCI Express Market, By Device Type, 2021- 2031(USD Million)
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Graphics Cards (GPUs)
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Sound Cards
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Network Interface Cards (NICs)
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RAID Controller Cards
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PCI Express Market, By Component, 2021- 2031(USD Million)
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Hardware
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Software
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Services
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- PCI Express Market, By Application, 2021- 2031(USD Million)
- Storage
- Data Center
- Others
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PCI Express Market, By End-User, 2021- 2031(USD Million
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Telecommunication
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Industrial
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Residential
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Datacenters
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Automotive
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Infrastructure
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Others
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- PCI Express Market, By Geography, 2021- 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
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- Competitive Landscape
- Company Profiles
- Akamai Technologies Inc
- Intel Corp
- Kingston Technology Company Inc
- Microchip Technology Inc
- NVIDIA Corp
- PLDA
- Samsung Electronics Co. Ltd
- Texas Instruments Inc
- Toshiba Corp
- Xilinx Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market