SerDes Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global SerDes market size reached around USD 939.28 Million in 2024. The market is projected to grow at a CAGR of 13.70% between 2025 and 2034 to reach nearly USD 3.39 billion by 2034.

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

Growth of the telecom industry; higher data rates offered by SerDes systems; integration of SerDes with machine learning and AI; and advancements in equalisation technology are the major factors favouring the SerDes market growth

September 2023

Cadence Design Systems introduced the 224G-LR SerDes PHY IP to expand its IP portfolio on TSMC's 3nm (N3E) process. This IP can support high-speed data transmission for different applications, such as AI/ML, and networking, among others.

July 2023

Cadence Design Systems announced its decision to acquire Rambus Inc.'s SerDes and memory interface PHY IP business, with Rambus retaining its rights over the digital IP business segment. This is expected to bolster Cadence’s IP portfolio for supporting advancements in networking, data centre, and AI applications, thereby driving the SerDes market development.

April 2023

Marvell Technology demonstrated its parallel interconnect and SerDes technology on TSMC's 3nm process, which highlights the increasing importance of interconnects within the semiconductor manufacturing industry.

March 2020

STMicroelectronics and Cadence Design Systems successfully taped out a 56G very short-reach (VSR) SerDes in 7nm for SoC applications in data centres, cloud, and networking. This is expected to favourably shape the SerDes market dynamics in the coming years.

Growth of the telecom industry

By 2027, the number of installed devices worldwide is likely to increase to USD 25.1 billion from USD 16.4 billion in 2022. This is expected to drive the growth of the telecommunications industry, and favourably influence the market growth.

Higher data rates offered by SerDes systems

The introduction of technologically advanced SerDes systems that can support high data rates and enable bandwidth-intensive applications is expected to facilitate the SerDes market expansion.

Integration of SerDes with machine learning and AI

SerDes technology integrated with ML algorithms and AI optimises signal processing and enhances the overall performance of the system.

Advancements in equalisation technology

Technological changes in signal conditioning techniques and adaptive equalisation technology are expected to further enhance the reliability and performance of SerDes systems.

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

The report titled “Global SerDes Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Product

• Stand-alone SerDes
• SerDes IP Core

Breakup by Channel Length

• Short Reach
• Long Reach

Breakup by Application

• Telecom
• Data Centres
• Automotive
• Consumer Electronics
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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 engaged in manufacturing low-power FGPA (field programmable gate array) devices to enable smart connectivity solutions.

Cadence Design Systems, Inc.

Cadence Design Systems, Inc. was founded in 1988 and is headquartered in California, United States. It enables consumers to design electronic devices by providing software, hardware, and IP solutions.

Texas Instruments Incorporated

Texas Instruments Incorporated was founded in 1930 and is headquartered in Texas, United States. It specialises in designing microcontrollers, semiconductors, and other products.

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.