PUBLISHER: Grand View Research | PRODUCT CODE: 1888834
PUBLISHER: Grand View Research | PRODUCT CODE: 1888834
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.
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: