Global SerDes Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global SerDes Market Growth

As per the World Health Organisation, healthcare professionals perform nearly 3.6 billion medical imaging diagnostic examinations on patients annually, out of which around 350 million patients are children aged under 15 years. As per the Journal of the American Medical Association, medical diagnostic examinations such as MRI scans (65 per 1000 people), CT scans (149 per 1000 people), and ultrasound procedures (230 per 1000 people) have recorded significant growth in recent years in the United States. This is expected to lead to SerDes market expansion, as SerDes systems facilitate the production of high-resolution images of internal body parts. They provide a high degree of accuracy in medical diagnostic imaging, thereby ensuring sustained demand from the healthcare industry.

The shift towards autonomous vehicles has accelerated the demand for SerDes systems since they play a crucial role in sending data to the electronic modules and ensuring their conversion into the right format for displaying. Around 55% of all small-size businesses believe that vehicle fleets can potentially become fully autonomous within the next 20 years, with China likely to account for around 66% of all passenger kilometres travelled in 2040. This is expected to increase the SerDes market value in the coming years.

Key Trends and Developments

Global SerDes Market Trends

The telecommunications industry is expected to witness a 26.8% increase in the generation of traditional communications data, driven by numerous changes, including the shift towards a hybrid work culture. As per the market analysis, the volume of traditional data generation recorded a surge of 104% during 2018-22, which is expected to favourably shape the SerDes market dynamics, as telecom companies rely on technologically advanced solutions for ensuring high data transfer speeds, and reliable communication.

Global SerDes Industry Segmentation

Global SerDes Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 15.8%, thereby creating a favourable SerDes market outlook. This can be attributed to the rapid growth of the telecommunications industry and rapid advancements in equalisation technology. The increasing demand for higher data rates is also favouring the market dynamics.

Leading Companies in the Global SerDes Market

Major players are introducing power-efficient SerDes solutions to meet the increasing demand for energy-saving technologies, increasing the SerDes market revenue.

Synopsys, Inc.

Synopsys, Inc. was founded in 1986 and is headquartered in California, United States. It is engaged in providing electronic design automation solutions to companies for the development of secure software applications.

Lattice Semiconductor Corporation

Lattice Semiconductor Corporation was founded in 1983 and is headquartered in Oregon, United States. It is eng...

Cadence Design Systems, Inc.

Cadence Design Systems, Inc. was founded in 1988 and is headquartered in California, United States. It enables...

Texas Instruments Incorporated

Texas Instruments Incorporated was founded in 1930 and is headquartered in Texas, United States. It specialise...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the SerDes market report are Marvell Technology, Inc., Broadcom Inc., STMicroelectronics N.V, Renesas Electronics Corporation, NXP Semiconductors N.V, and Analog Devices, Inc., among others.