Global SerDes Market growing at a CAGR of 15.4% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Oct 2023 | Type : Press Release
Key Market Overview
The Global SerDes Market was valued at USD 507.18 Million in 2022, projected to grow by USD 573.29 Million in 2023, and is expected to register a compound annual growth rate of 15.4% to reach USD 1,797.71 Million in 2031.
The report highlights the increasing adoption of SerDes in IT & telecommunication, automotive, and other sectors. Consegic Business Intelligence provides an inclusive research report on the SerDes market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global SerDes Market By Overview
The report analyses significant segments such as application, end-user, and region, to identify emerging trends and potential opportunities. The end user segment is expected to grow due to the increasing adoption of SerDes in IT & telecommunication industry for application in optical fibre communication system, data centers, and 5G infrastructure among others. Moreover, the rising deployment of SerDes in automotive sector for utilization in automobile ADAS and infotainment system is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of SerDes in IT & telecommunication industry is driving the market growth.
- Growing automotive sector is spurring the market growth.
Restraints:
- Limitations and operational challenges associated with SerDes are restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Application | Optical Fiber Communication, Data Center, 5G Infrastructure, Vehicle Infotainment, ADAS, and Others |
| By End-User | Consumer Electronics, Automotive, IT & Telecommunication, Aerospace & Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global SerDes market is highly competitive due to the presence of major players such as Texas Instruments Incorporated, Semiconductor Components Industries LLC, STMicroelectronics, NXP Semiconductors, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in SerDes market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Texas Instruments Incorporated
- Semiconductor Components Industries LLC
- STMicroelectronics
- NXP Semiconductors
- Broadcom
- Rambus
- ROHM Co Ltd.
- Semtech Corporation
- Faraday Technology Corporation
- Renesas Electronics Corporation
- Keysight Technologies
