Global PCI Express Market to Reach US$97.5 Billion by 2030
The global market for PCI Express estimated at US$21.1 Billion in the year 2023, is expected to reach US$97.5 Billion by 2030, growing at a CAGR of 24.4% over the analysis period 2023-2030. Storage Application, one of the segments analyzed in the report, is expected to record a 26.6% CAGR and reach US$49.0 Billion by the end of the analysis period. Growth in the Datacenter Application segment is estimated at 23.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$5.8 Billion While China is Forecast to Grow at 33.4% CAGR
The PCI Express market in the U.S. is estimated at US$5.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.7 Billion by the year 2030 trailing a CAGR of 33.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 18.7% and 21.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.1% CAGR.
Global PCI Express Market - Key Trends & Drivers SummarizedWhy Is PCI Express Critical in High-Performance Computing?
PCI Express (PCIe) is a key technology in high-performance computing, enabling fast and efficient communication between various components within a computer system, such as the CPU, GPU, and storage devices. As a high-speed serial computer expansion bus standard, PCIe provides the necessary bandwidth and low latency required for demanding applications, including gaming, artificial intelligence, data centers, and scientific computing. With each generation of PCIe offering increased data transfer rates, the technology has become essential for systems that require rapid data processing and high throughput. As computational workloads continue to grow in complexity, PCIe remains a critical component in ensuring that systems can meet the performance demands of modern applications.
How Are Technological Advancements Shaping the PCI Express Market?
Technological advancements are driving the evolution of PCI Express, with each new generation offering significantly higher data transfer rates and improved efficiency. The transition from PCIe 3.0 to PCIe 4.0 and now PCIe 5.0 has dramatically increased bandwidth, enabling faster data transfer between components and reducing bottlenecks in high-performance computing environments. The development of PCIe 6.0, which promises even greater speeds and efficiency, is on the horizon, further pushing the boundaries of what can be achieved in terms of data throughput. Additionally, advancements in PCIe switch technology are enabling more flexible and scalable architectures, particularly in data centers, where the ability to manage and allocate resources efficiently is critical. These innovations are ensuring that PCIe remains at the forefront of high-performance computing.
What Industry Trends Are Driving the Adoption of PCI Express?
Several industry trends are driving the adoption of PCI Express, particularly the increasing demand for high-performance computing, the expansion of data centers, and the rise of AI and machine learning applications. As organizations seek to harness the power of AI and big data, the need for faster and more efficient data processing is driving demand for PCIe technology that can support these workloads. The expansion of data centers, fueled by the growth of cloud computing and digital services, is also contributing to the adoption of PCIe, as these facilities require high-speed, low-latency connections to manage large volumes of data. Additionally, the gaming industry’s demand for more powerful GPUs and storage solutions is driving the adoption of PCIe, as gamers and developers seek to push the limits of performance in both hardware and software.
What Are the Key Drivers Behind the Growth of the PCI Express Market?
The growth in the PCI Express market is driven by several factors, including the increasing demand for high-performance computing, the expansion of data centers, and the rise of AI and machine learning. The need for faster data processing and higher throughput in computationally intensive applications is a major driver, as PCIe technology provides the necessary bandwidth and efficiency to meet these demands. The rapid growth of data centers, particularly those supporting cloud computing and digital services, is also propelling demand for PCIe technology, as these facilities require robust and scalable architectures to handle large-scale data operations. Additionally, the growing adoption of AI and machine learning across various industries is driving the need for high-speed interconnects that can support the intensive data processing required by these technologies. The continuous innovation in PCIe standards, such as the development of PCIe 5.0 and PCIe 6.0, is further fueling market growth by offering even greater performance and efficiency, ensuring that PCIe remains a critical component in the evolution of high-performance computing.
Select Competitors (Total 43 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook