Market to chart high growth owing to increase in demand from defense for use in a number of applications
Technological advancement to drive market forward over the forecast period; reduction in noise and impedance mismatch to be key focus area
ALBANY, New York, Feb. 18, 2020 /PRNewswire/ -- Used in improving communications, managing data, and for military purposes, PCIe switches will see increase in demand over the period 2019 to 2027. It is pertinent to note here that introduction of Advanced PCIe 4.0 switches would also contribute massively to the growth of this market.
"Over the period, 2019 to 2027, the global PCIe switches market would chart an impressive growth rate of about 15% owing to a number of factors. The most prominent among them is the need to effectively manage data, which is one of the most valuable assets in this day and age", opines Transparency Market Research.
Key Findings of the PCIe Switches Market Study
- Military and Defense to remain a lucrative category, contributing significantly to the growth of global PCIe switches market over the forecast period
- Gen3 switches to witness high adoption owing to their ability to be configured in multi host mode using ports and lanes
- Market would see growth owing to increase in use in server, storage and GPGPU architecture
Explore 178 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on PCIe Switches market Battery Type: Gen1, Gen2, Gen3, Gen4, and Gen5; and Application: Data Centers, Communications, Military & Defense, Industrial, and Others
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PCIe Switches Market: Key Driving Factors
The global PCIe switches market is set to see impressive growth over the forecast period of 2019 to 2027, owing to a number of factors. As per Transparency Market Research, use in these switches in defense electronic systems would be a major growth driver. This is because they play a critical role in ground control stations, surveillance applications, avionics computers, and unmanned system payloads, owing to enhanced security, reliability and flexibility they bring about. Additionally, they also help with handling of operations that require greater bandwidth and fast speed. Other factors that will help the market grow include:
- Increase in research and development in large display technology, that is pushing media and entertainment industry in particular towards higher demand for video wall controllers
- Increase in demand for these switches, arising due to increase in demand for data storage and cloud computing is also helping the global PCIe switches market to grow over the forecast period
- New generation technologies, marking the market landscape, are propelling it onto a high growth curve, smoothening creases in data management
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Key Impediments for PCIe Switches Market Players
As per Transparency Market Research, while the growth trajectory of the global PCIe switches market would be high, there would be certain restraints hampering adoption of these switches. An overview is provided below:
- Crosstalk, impedance mismatch, and presence of noise in signals experienced during data transfer, due to high speed and better performance leads to low adoption rate of PCIe switches
- Signal quality is also impacted by presence of environmental noise and long distance
- Technological advancement to counteract restraints in the future, would propel market to growth
PCIe Switches Market: Region-wise Analysis
- Asia Pacific and North America to lead market growth in the global PCIe switches market over the forecast period
- Growth in North America to be attributable to presence of major market players, known for pro-activeness and a keen focus on technological development
- The Asia Pacific (APAC) region will owe its growth over the forecast period to a large number of cloud providers marking the regional landscape
Analyze PCIe Switches market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study for detailed insights.
As per Transparency Market Research, technology forms the key factor behind growth in market share of individual players as well as the market at large. Thus, to attract more consumers, player would focus on developing technologically advanced products over the forecast period.
An instance of this focus on product development via innovation was witnessed in 2019 with the launch of Switchtec PSX Gen3 PCIe – a programmable storage switch introduced by Microsemi Corp. It features low latency fabric connectivity, and high performance. Similarly, in the year 2017, the first ever packet switches that were automotive qualified to AEC – Q100 grade 3 were launched by Diodes Incorporated - PI7C9X2G304SLQ and PI7C9X2G404SLQ.
The key companies in global PCIe switches analyzed by Transparency Market Research include are Broadcom, Maxim Integrated, STMicroelectronics, Microchip Technology Inc., On Semiconductor, NXP Semiconductors, Microsemi Corp., Toshiba Corporation, Diodes Incorporated, and Texas Instruments Incorporated, among others. The detailed profiles include key strategies, financials, recent developments, and product portfolio.
Transparency Market Research has segmented the PCIe Switches market based on battery type, application, and region.
PCIe Switches Market, by Battery Type
PCIe Switches Market, by Application
- Data Centers
- Military & Defense
PCIe Switches Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America
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