Peripheral Component Interconnect Express Market (2025 - 2033) Size, Share & Trends Analysis Report By Type (PCIe 3.0, PCIe 4.0, PCIe 5.0), By Device (Storage Device & Controllers, PCIe Switches, Servers), By End Use, By Region, And Segment Forecasts

Peripheral Component Interconnect Express Market Summary

The global peripheral component interconnect express market size was estimated at USD 31.34 billion in 2024 and is projected to reach USD 94.25 billion by 2033, growing at a CAGR of 13.1% from 2025 to 2033. The peripheral component interconnect express (PCIe) market is growing due to rising demand for high-speed data transfer in data centers and AI-driven computing environments.

Expansion in cloud infrastructure and adoption of advanced GPUs and SSDs are further boosting market revenue. Increasing integration of PCIe interfaces in automotive and industrial automation systems is also contributing to steady growth. The PCIe market is advancing rapidly, driven by the growing adoption of next-generation standards. Increasing demand for high-speed data transfer is driving innovation in interface technology. Industries such as AI, cloud computing, and data centers are major contributors to this shift. Manufacturers are focusing on developing efficient and scalable connectivity solutions. This transition is transforming the computing landscape with faster and more reliable performance. Companies are actively upgrading their product portfolios to support these emerging PCIe generations. For instance, in February 2025, Broadcom Inc., a U.S.-based semiconductor and infrastructure software company launched its end-to-end PCIe Gen 6 portfolio, collaborating with Micron Technology, Inc., and Teledyne LeCroy to validate high-port switches, retimers, and NVMe SSDs for interoperability and compliance testing. This development marks a major advancement in scalable AI infrastructure, offering enhanced power efficiency, extended reach, and robust connectivity for next-generation data center and AI systems.

The PCIe market is witnessing rapid growth in integrated IP portfolio development. Companies are focusing on combining controllers, retimers, and switches into unified solutions. This integration enhances data transfer efficiency and reduces latency across connected devices. It enables seamless communication within AI and high-performance computing environments. Such developments are strengthening PCIe’s position as the backbone of next-generation computing infrastructure. For instance, in June 2024, Rambus.com, a U.S.-based semiconductor company launched its PCIe 7.0 IP portfolio, featuring a controller, retimer, and multi-port switch designed to deliver high bandwidth, low latency, and robust performance for AI and high-performance computing applications. The portfolio enhances interoperability and scalability, addressing the growing demand for advanced interface IP solutions in next-generation data center and AI architectures.

The adoption of PCIe switches and retimers is gaining strong momentum across data-centric industries. These components are crucial for maintaining signal integrity as systems transition to higher PCIe generations. PCIe switches enable multi-device connectivity, allowing multiple endpoints to communicate efficiently with a single root complex. They improve scalability by expanding available PCIe lanes across devices without performance degradation. Retimers, on the other hand, help extend signal reach and maintain timing accuracy in high-speed environments. Their role becomes critical in complex architectures such as servers, AI accelerators, and data-centre interconnects. As PCIe Gen 5 and Gen 6 operate at higher data rates, signal loss and jitter become significant challenges. Manufacturers are therefore integrating advanced equalization and clock recovery technologies in retimers. The growing adoption of these components is driving innovation in board layout and system design. Their deployment ensures reliable, high-speed communication in next-generation computing platforms.

Type Insights

The PCIe 4.0 segment dominated the PCIe market in 2024, accounting for a 46.2% share, due to its balanced performance and cost efficiency. It offered double the bandwidth of PCIe 3.0, supporting faster data transfer in mainstream systems. Many server, storage, and GPU manufacturers standardized PCIe 4.0 for enterprise deployments. Its wide ecosystem compatibility accelerated adoption across data-centers and consumer electronics. PCIe 4.0 remained the preferred choice for high-performance yet cost-effective designs. The segment’s maturity and proven reliability further strengthened its position in large-scale commercial applications.

The PCIe 6.0 and future generations segment is experiencing rapid growth in this market, driven by increasing demand for higher bandwidth and lower latency in AI, HPC, and cloud workloads. PCIe 6.0 delivers 64 GT/s data rates, doubling throughput over PCIe 5.0. Its PAM4 signaling technology enhances data transfer efficiency while maintaining backward compatibility. Leading semiconductor manufacturers are already designing chipsets and platforms optimized for PCIe 6.0. The trend toward PCIe 7.0 development further highlights the ongoing evolution of interconnect standards. These advancements are crucial for handling next-generation workloads and memory-intensive applications.

Device Insights

The storage devices and controllers segment dominated the PCIe market due to strong adoption of NVMe SSDs. These devices utilize PCIe interfaces to achieve faster read and write speeds for data-heavy operations. Enterprises and cloud providers increasingly rely on PCIe-based storage for high-performance workloads. The shift from SATA to PCIe accelerated adoption in both consumer and enterprise systems. Manufacturers benefit from PCIe’s scalability and power efficiency for next-generation storage designs. This segment remains a cornerstone of PCIe market expansion. Growing demand for edge and AI-driven storage further enhances its prominence.

The PCIe switches segment is growing steadily, driven by rising demand in AI and data center systems. These switches enable efficient multi-device connectivity and data routing across complex architectures. As PCIe generations advance, switches are critical for maintaining signal integrity and system scalability. The increasing deployment of high-speed computing platforms drives consistent demand growth. Manufacturers are developing high-bandwidth and low-latency switches to meet evolving performance needs. The segment’s strong outlook reflects its importance in next-generation interconnect designs. Expanding use in HPC and automotive systems strengthens its market position. Ongoing advancements in retimer integration further enhance the overall performance of PCIe switches.

End Use Insights

The data centers segment dominated the PCIe market due to the rapid expansion of cloud computing and AI workloads. These facilities demand high-speed interconnects to handle massive data transfers efficiently. PCIe-based architectures enable faster communication between CPUs, GPUs, and storage devices. The widespread adoption of PCIe Gen 4 and Gen 5 has enhanced data throughput and system scalability. Server manufacturers are integrating advanced PCIe components to optimize performance and reduce latency. Growing investments in hyperscale infrastructure further strengthened the segment’s dominance. Continuous upgrades toward PCIe 6.0 are expected to sustain its leadership position. The segment remains the primary revenue contributor within the PCIe ecosystem.

The automotive segment is growing steadily as vehicles adopt more advanced electronics and connectivity systems. PCIe technology supports high-bandwidth data exchange required for ADAS, infotainment, and autonomous functions. Automakers are integrating PCIe-based controllers to manage complex sensors and computing networks. The increasing demand for in-vehicle AI processing is accelerating PCIe adoption in modern architectures. The shift toward electric and connected vehicles is expanding PCIe’s application scope. Manufacturers are focusing on enhancing reliability and safety for automotive-grade PCIe components. Rising production of smart vehicles is driving consistent growth in this segment. Future PCIe generations are expected to enable faster and more efficient automotive computing systems.

Regional Insights

North America peripheral component interconnect express market holds the largest share of 38.1% in 2024, driven by strong adoption of high-performance computing and AI infrastructure. The region benefits from extensive investments in datacenters and cloud technologies. Leading chipmakers and system manufacturers continuously advance PCIe-enabled products to meet growing performance needs. Widespread implementation of PCIe Gen 5 and Gen 6 systems supports rapid data transfer and processing. This technological leadership keeps North America at the forefront of global PCIe market growth.

U.S. Peripheral Component Interconnect Express Market Trends

The U.S. PCIe market is expanding rapidly due to strong demand from data-centres and cloud service providers. Major technology companies are deploying PCIe Gen 5 and Gen 6 platforms to enhance computing performance. The country’s robust semiconductor ecosystem accelerates innovation in controllers, switches, and interconnect ICs. Rising adoption in AI, HPC, and enterprise storage further supports market growth.

Europe Peripheral Component Interconnect Express Market Trends

The Europe PCIe market is growing steadily with increasing investments in data-centres and digital infrastructure. Adoption of PCIe Gen 4 and Gen 5 interfaces is accelerating across enterprise storage and networking applications. Automotive manufacturers are integrating PCIe technology into advanced driver-assistance and infotainment systems. The region’s focus on industrial automation and connected manufacturing supports PCIe deployment in embedded systems.

Asia Pacific Peripheral Component Interconnect Express Market Trends

The Asia Pacific PCIe market is the fastest growing globally, driven by rapid technological advancements and large-scale semiconductor production. Expanding investments in hyperscale data-centers and cloud infrastructure are accelerating PCIe deployment. Strong demand for AI computing, gaming, and high-performance consumer electronics further boosts adoption. Countries such as China, Japan, South Korea, and Taiwan are leading in PCIe-enabled hardware development. Overall, the region’s robust manufacturing ecosystem and digital expansion continue to strengthen its dominance in PCIe market growth.

Key Peripheral Component Interconnect Express Company Insights

Some of the key companies in the PCIe industry include Intel Corporation, Broadcom Inc., Microchip Technology Inc., Texas Instruments Incorporated, Samsung Electronics Co., Ltd., NVIDIA Corporation, and others. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• Broadcom Inc. is advancing PCIe technology through high-performance switches, retimers, and interconnect solutions. The company focuses on supporting PCIe Gen 5 and Gen 6 platforms for data-centres and enterprise systems. Its designs aim to enhance bandwidth utilization, reduce latency, and improve system scalability. Broadcom’s PCIe solutions are widely adopted in AI computing, networking, and cloud infrastructure. Continuous innovation in signal integrity and power efficiency strengthens its position in the PCIe ecosystem.

• Microchip Technology Inc. is expanding its PCIe portfolio with advanced switches, bridges, and connectivity controllers. The company emphasizes low-latency and high-reliability designs for data-centres, automotive, and embedded applications. Its PCIe Gen 5 products address the growing need for faster interconnects in complex computing systems. Microchip’s focus on interoperability and power optimization enhances overall platform efficiency. The company continues to drive PCIe adoption through scalable, performance-focused interconnect solutions.

Recent Developments

• In May 2025, Astera Labs has started volume production of its PCIe 6 connectivity portfolio, which includes gearbox, retimer, fabric switch, and optical solutions designed to enhance AI and cloud infrastructure performance. The company is collaborating with industry partners such as AMD, Micron, Samsung, and Keysight to accelerate PCIe 6 adoption and ensure seamless interoperability across hyperscale data centers.

• In November 2024, AMD launched the Versal Premium Series Gen 2, the first FPGA platform supporting CXL 3.1 and PCIe Gen6, designed to optimize data flow in AI, data center, and aerospace applications. The device enhances memory scalability, bandwidth, and security with integrated encryption engines and high-speed interconnects.

Peripheral Component Interconnect Express Market Report Scope

Global Peripheral Component Interconnect Express Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global PCIe market in terms of type, device, end use, and region:

• Type Outlook (Revenue, USD Billion, 2021 - 2033)

  • PCIe 3.0

  • PCIe 4.0

  • PCIe 5.0

  • PCIe 6.0 and Future Generations

• Device Outlook (Revenue, USD Billion, 2021 - 2033)

  • Storage Device & Controllers

  • Graphic Processor Units (GPUs)

  • Network Interface Cards (NICs)

  • PCIe Switches

  • Servers

  • Others

• End Use Outlook (Revenue, USD Billion, 2021 - 2033)

  • Data Centers

  • Consumer Electronics

  • Telecommunications

  • Automotive

  • Industrial Automation

  • Infrastructure

  • Others

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)

    • KSA

    • UAE

    • South Africa