(MENAFN- GlobeNewsWire - Nasdaq) The global SerDes market is experiencing growth due to rise in demand for high-speed data transmission, expansion of data centers and cloud computing, advancement in communication technologies, growth in the automotive industry, and surge in complexity of electronic devices.Wilmington, Delaware , Oct. 18, 2024 (GLOBE NEWSWIRE) --
Allied Market Research published a report, titled, " SerDes Market by Component (Clock Multiplier Uni, Lanes and Physical Coding Sub-Block), and industry Vertical (Automotive, Consumer electronics, IT and telecom, Aerospace, Military and Defense, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032" . According to the report, the serdes market was valued at $0.9 billion in 2023, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 13.3% from 2024 to 2032.
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Prime determinants of growth
The increasing demand for high-speed data transfer in various applications, such as data centers, telecommunication networks, and high-performance computing, is a significant driver for the SerDes market. SerDes technology enables efficient, reliable, and high-speed data communication, which is critical for modern computing environments. The rapid growth of data centers, driven by the exponential increase in data generation and cloud computing services, necessitates advanced interconnect solutions. SerDes technology is crucial for enhancing data transfer speeds and bandwidth within data centers, supporting their efficient operation and scalability. The deployment of 5G networks and advancements in fiber-optic communication systems require high-speed data transmission solutions. SerDes technology plays a vital role in the backbone of these advanced telecommunication infrastructures by ensuring efficient data flow and connectivity.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $0.9 billion |
| Market Size in 2032 | $2.7 billion |
| CAGR | 13.3% |
| No. of Pages in Report | 250 |
| Segments Covered | Component, Industry Vertical and Region. |
| Drivers | Increasing adoption of cloud computing High-speed data transmission demand 5G and advanced communication technologies |
| Opportunities | Rising integration of Serdes technology within consumer electronics |
| Restraint | High development costs Power consumption concerns |
Segment Highlights
The demand for the physical coding sub-block (PCS) segment in the SerDes market is driven by the increasing need for high-speed and reliable data transmission in advanced communication systems. PCS plays a crucial role in encoding and decoding data to ensure error-free transmission over various mediums, such as fiber optics and high-speed cables. As data centers, 5G networks, and high-performance computing applications continue to expand, the requirement for efficient and robust data integrity mechanisms grows. Additionally, the rise of complex electronic devices and IoT applications necessitates advanced PCS solutions to maintain high data rates and signal integrity, further propelling market demand.
The demand for the IT and telecom segment in the SerDes market is driven by the increasing need for high-speed data transmission and communication efficiency. As telecommunications networks evolve to support higher bandwidths and faster data rates, SerDes plays a crucial role in enabling the seamless transmission of data across these networks. In IT infrastructure, especially in data centers and cloud computing environments, SerDes facilitates the rapid transfer of large volumes of data, enhancing overall system performance and scalability. The technology's ability to handle complex data traffic while maintaining signal integrity makes it indispensable for meeting the growing demands of modern communication and computing applications.
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Regional Outlook
Asia-Pacific attained the highest market share in the SerDes market as the region witnessed significant growth in data center infrastructure, driven by the expansion of cloud services and the increasing adoption of digital technologies. SerDes technology is crucial for data centers to manage high-speed data transmission efficiently. Asia-Pacific is experiencing robust growth in telecommunications, particularly with the deployment of 5G networks and the expansion of broadband services. SerDes is essential for supporting the high bandwidth and low latency requirements of these advanced networks. The region is a hub for semiconductor manufacturing, with leading players producing SerDes components locally. This availability of advanced semiconductor technology supports the widespread adoption of SerDes in various applications. Asia-Pacific has a large and growing market for consumer electronics, including smartphones, tablets, and IoT devices. SerDes technology is integral to these devices for efficient data communication and connectivity.
Players: -
ON Semiconductor Corporation
Cypress Semiconductor Corp.
The report provides a detailed analysis of these key players in the global SerDes market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Industry News
In September 2022 , The Arora v FPGA, a 12.5 Gbps high-speed SerDes interface, was introduced by Gowin Semiconductor. The business also contracted with WPG, the biggest distributor of semiconductors in Europe.
In August 2022 , The Arora v FPGA, a high-speed SerDes interface with a 22nm 12.5 Gbps, was introduced by Gowin Semiconductor. Also, the business inked a contract with WPG, the biggest distributor of semiconductors in Europe.
In June 2023 , The Japanese government launched a new initiative to promote the development of high-speed SerDes technology for data centers and cloud computing applications. This initiative aims to enhance the performance and efficiency of data transmission in data centers, which are increasingly relying on high-speed SerDes links.
In July 2023 , The European Commission announced a new research program to develop next-generation SerDes technology for high-performance computing (HPC) applications. This program aims to support the development of faster and more efficient SerDes solutions for data transfer between processors, memory, and other components in HPC systems.
Key Benefits for Stakeholders
This SerDes market report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the serdes market analysis from 2024 to 2032 to identify the prevailing serdes market opportunities. In the report SerDes market size is in $ billion from 2023 to 2032.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the SerDes market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The SerDes market share by key players is also covered in the report.
The report includes the analysis of the regional as well as global SerDes market trends, key players, market segments, application areas, and SerDes market growth strategies.
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SerDes Market Key Segments:
By Component:
Physical Coding Sub-Block
By Industry Vertical:
By Region:
North America: (U.S., Canada, Mexico)
Europe: (France, Germany, Italy, UK, Rest of Europe)
Asia-Pacific: (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA: (Latin America, Middle East, Africa)
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