PCI-E Connectors Market Forecasted to Reach US$ 10 Bn by 2031
The PCI-E Connectors market is projected to reach around US$ 10 Bn in 2031 with an expected CAGR of 15%, during the forecast period 2021-2031. Growing need for effective data management solution in data centers, continuous technological upgradation are the major factors that are driving the market growth.
Adoption of PCI-E is increasingly growing in storage, server, and general-purpose graphics processing unit architectures due to their low pin-to-pin latency and high reliability. Vendors are focusing on development of advanced PCI-E connectors that offers high-speed operational capability.
Advent of PCI-E 4.0 to Drive the Market Growth
The development of PCI-E 4.0 is driving the growth of PCI-E connectors as the demand for high-performance storage is increasing. Vendors are focusing on the development of products to meet the requirement for faster and reliable data storage and management solution. PCI-E 4.0 is the latest iteration of the interface that connects the sound card, SSD for gaming, and graphic card.
PCI-E 4.0 doubles the bandwidth over PCI-E 3.0 and allows to transfer of more data simultaneously from connected devices to the CPU and vice versa. PCI-E 4.0 provides better signal reliability and integrity for improved performance. PCI-E 4.0 doubles its bandwidth over the PCI-E 3.0 generation and increases the per-lane bandwidth to 2 gigabytes per second.
How The Demand for Data Management Is Boosting the Sales of PCI-E Connectors?
The data management of an enterprise identifies Big Data management, improved utilization, tiered storage, virtualization, data classification, high availability, and security as the most pressing data storage-related priorities. Enterprises across the globe are demanding the new generation technologies with a range of new capabilities, which are capable of enhancing the efficiency.
Enterprises are adopting technologies like machine learning, artificial intelligence, IoT for data management. Hence, PCI-E connectors have emerged as one of the most reliable and effective solutions for addressing the data management requirements.
U.S. PCI-E Connectors Market Outlook
Increasing government budgets in U.S. enable the country to make heavy investments in military technology upgrades. United States spends heavily on communication technology for the military. PCI-E connectors play important role in military as these connectors are used in ground control station, unmanned system payloads, avionics computers and surveillance applications.
In military sector the demand is high for small size and low weight products and this increases the usage and, in turn, demand for PCI-E Connectors and other electrical components in military and defense intelligence, and other harsh environment applications.
PCI-E connectors can handle greater bandwidth operation at faster speed so it plays important role in performing accurate operations in harsh environment. The product manufacturers in the region are focusing on introducing next generation PCI-E connectors that can meet the requirement of high-end military application.
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Europe PCI-E Connectors Market Outlook
In European countries, such as Germany, U.K., Romania, large scale manufacturers are focusing on accelerating the research and development activities for PCI connectors, in order to facilitate the growing demand for PCI-E connectors in various industries. Moreover, the vendors are focusing on development of PCI-E connectors for application in artificial intelligence, machine learning and cloud computing to strengthen their foothold in the market.
PCI –E connectors in European automotive industry is witnessing a high growth in last few years owing to growing demand for infotainment systems like GPS, audio, video, vehicle parking system that assist the car driver. Due to increasing investments by automotive companies in autonomous cars the PCI-E connectors vendors are witnessing enormous opportunities.
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Who are the Key Providers of PCI-E Connectors?
Some of the leading PCI-E Connectors providers include
- JAE Electronics
- TE Connectivity
- CJT Connectors
- ERNI Electronics
- Twin Industries
- Trenton System
- among others.
PCI-E Connectors vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that PCI-E Connectors follow include acquisitions, partnership and collaborations with other players, new product launches and upgrades, and strengthening of distribution networks both locally and internationally.
PCI-E Connectors Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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By Product Type
- 2.5Gb/s (Gen 1)
- 5.0Gb/s (Gen 2)
- 8.0Gb/s (Gen 3)
- 16Gb/s (Gen 4)
- 32Gb/s (Gen 5)
- Data Centers
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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