Peripheral Component Interconnect Market to Grow by More than 24% CAGR
The peripheral component interconnect (PCI) market is projected to grow at an expected CAGR of 24.4% during the forecast period 2021-2031. Back in 1995, peripheral component interconnect was so popular and was used by users to connect network cards, sound cards and video cards.
Basically, it is known as a common interface, which attaches peripheral devices to the computer’s motherboard. A peripheral component interconnect unit is called as PCI bus.
A path between the components of a computer is bus. Users can change different peripherals attached to the computer with the help of peripheral component interconnect bus. Using PCI, an user can unplug the component, he wants to swap and plug in the new one in the peripheral component interconnect slot. Also, user can add another peripheral device like a second hard drive, if there is an open slot.
The peripheral component interconnect bus can be used in both 64-bit and 32-bit versions. It runs at 66 MHz or 33 MHz. Due to growing wireless communication technology, the PCI market is anticipate to grow at a significant rate in upcoming years.
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FACTS AT A GLANCE
Companies: ADLINK,Aeroflex,Keysight,LitePoint,ZTEC Instruments,Marvin Test Solutions,Modular Methods,National Instruments,Pickering Interfaces,Teradyne,VTI Instruments.
Coverage: All major geographies and key segments
Segments: Type(Peripheral Component Interconnect,Peripheral Component Interconnect Express); Applications(Wireless Communication or Radio Frequency,Aerospace,Defense,Consumer Electronics); By Bit Size(32 bits 33 MHz,32 bits 66 MHz,64 bits 33 MHz,64 bits 66 MHz)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
What is Driving Demand for Peripheral Component Interconnect?
More speed and increased bandwidth and are some of the major factors, driving the growth of peripheral component interconnect. Data storage market is growing rapidly, which is further helping the PCI market to grow during the forecast period.
The peripheral component interconnect transport is capable of improving the speed from 33MHz to 133 MHz with a transfer rate of 1 GB (gigabyte) per second. Such benefits are continuously contributing to the growth of peripheral component interconnect.
In addition, peripheral component interconnect can handle gadgets employing of 5V (volts) and the pins can exchange one flag through one stick. An user can have different peripheral component interconnect buses on the same computer. Such advantages are driving the demand of peripheral component interconnect globally.
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What are the Key Trends for Peripheral Component Interconnect?
Some of the technologically transforming sectors such as aeronautics, aerospace and defense research will create many opportunities for peripheral component interconnect market during the forecast period. These sectors are moving towards the adoption of PCI for high measurement speed and low power consumption. This is one of the factor, garnering the growth of peripheral component interconnect market.
There is an increase in demand of peripheral component interconnect in consumer electronics industry. The industry is shifting from traditional box test and measurement technology towards more accurate and advanced technology.
PCI provides the benefits of guaranteed performance and exceptional reliability to the industry, under harsh conditions like as extreme temperature swings. Such trends will help the peripheral component interconnect market to grow in upcoming years.
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