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SerDes Market Size, Share & Industry Analysis, By Application (Telecom, Automotive, Data Centers, Consumer Electronics, and Others), By Channel Length (Short Reach and Long Reach), and Regional Forecast, 2024-2032

Last Updated: April 01, 2024 | Format: PDF | Report ID: FBI106951



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The global SerDes market size was valued at USD 752.2 million in 2023. The market is projected to grow from USD 846.4 million in 2024 to USD 2,422.8 million by 2032, exhibiting a CAGR of 14.1% during the forecast period.

A serializer deserializer (SerDes) is a critical component in modern high-speed communication systems designed to convert parallel data to a serial (one-bit) stream of data and vice-versa. It facilitates a huge amount of point-to-point data transfer while minimizing the complexity and cost associated with implementing wide parallel data buses. Much of the demand for SerDes arises from data centers, where the current throughput is 100 Gbps. As technology advances, the requirement for higher bandwidth and enhanced signal integrity augments the SerDes demand, which is capable of operating at gigabit-per-second and even terabit-per-second data rates.

The market growth is majorly driven by the rising data center economy, advancements in networking technologies, the emergence of AI applications, growing cloud computing adoption, and rising bandwidth needs globally. According to one survey, over 60% of corporate data is stored in the cloud. As per the 2022 "Google Cloud Brand Pulse Survey" of over 1,900 global tech and business executives, 41.4% of executives focused on increasing their investment in cloud-based services and products. High-speed and reliable connectivity is essential for enterprises to employ cloud technology. Serializer-deserializer plays a pivotal role in supporting cloud computing infrastructure by addressing high-speed data transmission within data centers.

The rapid high-performance computing (HPC) market growth is another major factor in expanding the market. During the COVID-19 outbreak, HPC played a crucial role in examining large datasets and simulating complex biological processes associated with the coronavirus. HPC applications such as supercomputers highly depend on the serializer-deserializer technique to process large volumes of data between processors, memory modules, and accelerators within HPC clusters. As HPC applications become widespread, the demand for serializer-deserializer solutions also grows significantly.


Increasing Demand for High-speed Data Transmission to Run AI Applications is Propelling Market Growth 

Large Language Models (LLMs) and Generative Artificial Intelligence (AI) are revolutionary technologies that pose significant computing challenges. Generative AI models often involve processing large volumes of datasets, leading to multiple inference calculations for each use of DALL-E to generate an image or receive a response from GPT-4. This, in turn, increases the demand for computing resources and energy. Data centers are continuously monitoring their energy consumption and allocating a larger portion of their footprint to AI processing and acceleration hardware. Serializer-deserializer technology enables high-speed data transfer between various AI hardware and facilitates efficient training processes. Rapid AI adoption in the upcoming years is anticipated to offer ample opportunities to industry players.

SerDes Market Trends

Advanced Driver Assistance Systems (ADAS) and Autonomous Driving Revolution to Aid Market Growth

Modern autonomous vehicle (AV) applications and advanced driver assistance systems (ADAS) are facilitated by high-performance cameras. A fully autonomous driving system would require six cameras and up to 20 radar sensors, generating an estimated 5TB to 20TB of data each day. Around 25 Gigabytes of data per hour is generated by connected vehicles, even at lower levels of autonomy.

High-performance cameras in the ADAS system require high data rates and transmission speeds to function properly. Presently, developers are increasingly turning to serializer-deserializer technology to connect these cameras to the electronic control units (ECUs) of vehicles to process images. Serializer-deserializer technology converts parallel data into one-bit data and vice-versa, facilitating high-speed communication between devices using lower-cost cables and connectors.

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SerDes Market Growth Factors

Expansion of Data Centers Coupled with Rising Demand for Fast Data Transmission to Fuel Market Growth

Presently, the data center market is growing at a rapid pace as industries including BFSI, healthcare, government, and education are becoming more and more data and cloud-centric. As per Cloudscene, there are over 5,300 data centers in the U.S. alone. The growing data center market is one of the major market trends that is expected to boost the demand for serializer-deserializer solutions during the forecast period. This technology plays a crucial role in data centers for rapidly transferring data within and between data centers, thereby lowering latency and enhancing overall efficiency. 

Global mobile network traffic rose 33% between the second quarter of 2022 and 2023, according to Ericsson. In addition, it is expected that the average data usage per smartphone will rise from 21 GB in 2023 to 56 GB in 2029. The increase in mobile data traffic is majorly attributed to the rising data-intensive applications.

The overall increase in data traffic contributes to the demand for serializer-deserializer to cater to the increasing demand for high-speed data communication. Serializer-deserializer plays a crucial role by enabling low-latency, high-speed, and efficient transmission of data.


Serializer-deserializer’s Complexity along with High Costs to Limit Market Growth

Several challenges are anticipated to limit the SerDes market growth. SerDes is a complex system that requires a team of skilled analog and mixed-signal designers. As data rates increase (Gb/s) and demands for efficiency grow, the complexity and cost of SerDes escalate. Additionally, the escalating demand for reliable data transmission and networking hardware requires more aging and electromigration simulations, adding to the overall expenses. The rapid pace of technological advancements in data communication often requires frequent updates and changes in serializer-deserializer technology. Thus, keeping up with such changes is challenging for both users and manufacturers.

SerDes Market Segmentation Analysis

By Application Analysis

Increasing Need for High-speed Data Transmission in Automotive Sector to Propel Market Growth

Based on application, the market is divided into telecom, automotive, data centers, consumer electronics, and others.

The automotive segment is anticipated to grow with the highest CAGR during the forecast period. The first chipset to use the Automotive SerDes Alliance (ASA) standard is the VS77X/VS77X serializer-deserializer. It is built to offer high-speed unidirectional as well as bidirectional control data. These chipsets have high-precision data lines in a point-to-point architecture. The serializer-deserializer solution is expected to offer automotive OEMs and their suppliers high-speed link solutions for the increasing number of sensors, high-definition cameras, and radars that enable automotive applications such as ADAS and IVI.

The data center held the highest SerDes market share in 2023, owing to the rapid expansion of data centers. The increased demand for higher bandwidth to support streaming services and cloud computing augmented the demand for high speed serializer-deserializer solutions in data center applications.

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By Channel Length Analysis

Rising Demand for Short Reach SerDes in Edge Computing and IoT Applications to Augment Market Growth

Based on channel length, the market is divided into short reach and long reach.

The short reach segment is likely to exhibit the highest growth rate during the forecast period. Short reach serializer-deserializer technology is expected to play a crucial role in the Internet of Things (IoT), edge computing, and 5G applications. The IoT devices need reliable and short-distance optical fiber communication within smart cities and factories, augmenting the demand for SerDes.      


Geographically, the market is fragmented into five major regions, including North America, South America, Europe, the Middle East & Africa, and Asia Pacific. They are further categorized into countries.

North America SerDes Market Size, 2023 (USD Million)

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North America is expected to hold the largest market share owing to the region’s well-established IT and telecom sector, increasing adoption of advanced technologies in vehicles, and presence of key players. The U.S. has maintained its leadership in the region owing to the presence of a large number of data centers, driven by the robust demand for cloud-based services and products. At present, the U.S. stands as the global hub for the data center industry, where serializer-deserializer is pivotal in connecting and transmitting data within and between these data centers.

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Furthermore, Asia Pacific market is expected to show the highest growth rate during the forecast period. The rapid growth of the market in the region is attributed to the rising cloud adoption, rapid 5G rollout, and growing demand for high-speed internet. Asia Pacific is one of the early adopters of 5G and as of 2023, 11 countries have announced the availability of the 5G network, including India, China, South Korea, Japan, Australia, New Zealand, Malaysia, Indonesia, the Philippines, Singapore, and Thailand.

The market growth in Europe is majorly propelled by data center expansion and rising demand for reliable and high-speed internet connectivity across various industries. As per the Jones Lang LaSalle IP, Inc., Europe recorded the highest demand for data center capacity (114MW) during the period from April to June 2023.

In South America, the telecom sector growth as well as rapid data center development, fuels market growth. Brazil is expected to lead the market in this region on account of the presence of the highest number of data centers.

The Middle East & Africa (MEA) region shows significant growth due to increasing government initiatives to boost digital infrastructure and the presence of developing economies.

List of Key Companies in SerDes Market

Key Players are Focused on Strengthening their Market Positions with Continuous Developments

The global market is consolidated by leading players, such as Synopsys, Inc., Lattice Semiconductor, Texas Instruments Incorporated, Marvell, Cadence Design Systems, Inc., ALPHAWAVE SEMI, Broadcom Inc., STMicroelectronics, Renesas Electronics Corporation, and NXP Semiconductors. These major market players are expanding their operations by adopting strategies such as mergers and acquisitions, product launches, collaborations, and partnerships. For instance,

  • In April 2023, Marvell, a developer of semiconductors and related technology, successfully demonstrated the industry’s first 3nm SerDes and parallel interconnects to achieve lower power and higher performance.   

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  • August 2023: The MIPI Alliance, a developer of technical specifications for the mobile ecosystem, and the Automotive SerDes Alliance announced the collaboration to standardize asymmetric SerDes technology. This partnership benefits the automotive industry due to the alignment of MIPI camera specifications with Automotive SerDes Alliance and MIPI-standardized SerDes solutions.

  • July 2023: Faraday Technology, a designer of silicon and system-on-chip IP, announced the launch of SerDes IP design on UMC 28nm and the related IP advanced (IPA) service to boost customer integration.

  • December 2022: VSA, a manufacturer of semiconductors for vehicles, announced the launch of the industry’s first high-speed SerDes silicon that aligns with the Automotive SerDes Alliance standard. The company showcased the performance of its new SerDes by conducting a live demonstration at IEEE Ethernet IP & Automotive Technology Day 2022.

  • August 2022: CREDO, INC., a provider of semiconductor solutions, unveiled PAM4 112G SerDes Intellectual Property for TSMC's N5 and N4 process technologies. This SerDes supports an extensive range of demands, including long reach plus (LR+) and extreme short reach (XSR) needed for various applications such as computing and machine learning.

  • October 2021: MosChip Technologies Limited, a semiconductor and system design services firm, announced that multi-protocol long reach 8g Serdes Phy in 28nm will provide custom PHY IP services and mixed-signal ASIC solutions.


An Infographic Representation of SerDes Market

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The market report offers qualitative and quantitative insights into the market and a detailed analysis of the size and growth rate for all possible segments in the market. It also provides an elaborative analysis of market dynamics, emerging trends, and the competitive landscape. The report also offers key insights, such as the implementation of automation in specific market segments, recent application developments such as partnerships, mergers, funding, acquisitions, consolidated SWOT analysis of key players, business strategies of leading market players, macro and micro economic indicators, and major application trends. This detailed analysis provides a comprehensive view of the market and its potential for growth and development.




Study Period

2019 - 2032

Base Year


Estimated Year


Forecast Period

2024 – 2032

Historical Period

2019 - 2022

Growth Rate

CAGR of 14.1% from 2024 to 2032


Value (USD Million)


By Application

  • Telecom

  • Automotive

  • Data Centers

  • Consumer Electronics

  • Others (Automation)

By Channel Length

  • Short Reach

  • Long Reach

By Region

  • North America

    • U.S. (By Application)

    • Canada (By Application)

    • Mexico (By Application)

  • South America

    • Brazil (By Application)

    • Argentina (By Application)

    • Rest of South America

  • Europe

    • U.K. (By Application)

    • Germany (By Application)

    • France (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Russia (By Application)

    • Benelux (By Application)

    • Nordics (By Application)

    • Rest of Europe

  • Middle East & Africa

    • Turkey (By Application)

    • Israel (By Application)

    • GCC (By Application)

    • North Africa (By Application)

    • South Africa (By Application)

    • Rest of the Middle East & Africa

  • Asia Pacific

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • ASEAN (By Application)

    • Oceania (By Application)

    • Rest of Asia Pacific

Frequently Asked Questions

According to Fortune Business Insights, the global market is predicted to reach USD 2,422.8 million by 2032.

In 2023, the market value stood at USD 752.2 million.

The market is projected to grow at a CAGR of 14.1% during the forecast period (2024 – 2032).

Data centers is the leading application segment in the market.

Increasing number of data centers and 5G deployment across the world is the key factor driving the market growth.

Some of the top players in the market are Synopsys, Inc., Texas Instruments Incorporated, ALPHAWAVE SEMI, and Broadcom Inc., among others.

North America is likely to dominate the market due to the increased demand for data center connectivity in this region.

By channel length, the short reach segment is expected to display the highest growth rate during the forecast period.

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