The global SerDes market stands at US$ 577 million in 2023. According to this detailed study by Fact.MR, worldwide demand for SerDes is predicted to accelerate at a CAGR of 15.4% and reach a market value of US$ 2.42 billion by 2033-end.
Demand for SerDes (serializer/deserializer) is increasing owing to the rising need for speedy data connections to stream and download HD movies and for an exchange of larger datasets without hassles. The growing amount of data is boosting demand for more effective data transfer services, thus leading to SerDes development. SerDes is a prominent technology that is used for the transmission of high-speed data between chips or integrated circuits (ICs).
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Key Takeaways from Market Study:
- The global SerDes market was valued at US$ 500 million in 2022.
- The market stands at US$ 577 million in 2023.
- Worldwide demand for SerDes is projected to increase at a CAGR of 15.4% from 2023 to 2033.
- Sales of SerDes are estimated to reach US$ 2.42 billion by the end of 2033.
- Standalone SerDes and SerDes IP core are the two main types of SerDes solutions.
“Increasing adopting 5G technology and growing implementation SerDes in data centers are driving the growth of the global market,” says a Fact.MR analyst.
Expansion of Consumer Electronics and Semiconductor Manufacturing Sectors
The rising trend of miniaturization of different electronic components and an increasing need for devices equipped with SerDes for full duplex communication are generating lucrative opportunities for players.
SerDes chips find applications in data storage systems, wireless network routers, fiber optic communication systems, and Gigabit Ethernet systems. The technology offers several benefits, including lower power consumption and board space use for the implementation of wide parallel data buses. These factors are predicted to ultimately propel the demand for SerDes globally.
Design Complexities Associated with SerDes Restraining System Adoption
The design of SerDes is comparatively complex. More wiring is required in SerDes devices due to the use of various serial pairs. Therefore, the need for more efficient professionals for the operation of these devices arises. A lack of skilled workforce is predicted to adversely impact the adoption of these devices.
Competitive landscape:
Quality control, maintaining product standards, strengthening supply chain management systems, and similar initiatives are incorporated by prominent providers of SerDes. These initiatives are projected to help industry players with adding value to their portfolios, which is predicted to lead to the expansion of their global footprints.
Novel product launches and collaborations are some strategies incorporated by players to gain a competitive edge.
For instance :
- In August 2022, Credo Technology Group Holding Ltd. introduced the 112G PAM4 SerDes IP (Intellectual Property) family, catering to a range of applications such as switching, machine learning (ML), artificial intelligence (AI), computing, optical deployments, and security.
Prominent players in the SerDes market include Rambus, ON Semiconductor Corporation, Texas Instruments Inc., ROHM Semiconductor, STMicroelectronics NV, NXP Semiconductors NV, Renesas Electronics Corp., Cypress Semiconductor Corp. Broadcom, and Maxim Integrated.
Segmentation of SerDes Industry Research:
· By Product :
- Standalone SerDes
- SerDes IP Core
· By Application :
- Optical Fiber Communication
- Data Centers & Cloud Computing
- 5G Wireless Infrastructures
- ADAS (Advanced Driver Assistance System)
- Vehicle Infotainment
· By Component :
- Clock Multiplier Units
- Lanes
- Physical Coding Sub-blocks
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of SerDes include:
- What is the key strategy deployed by large players to maximize SerDes Market growth?
- What are the main challenges faced by players in the SerDes market Demand?
- With the advent of technological advancement, how will the SerDes market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the SerDes market size?
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