Global SerDes for Automotive Market Size to Exceed USD 3072.23 Million By 2033
According to a research report published by Spherical Insights & Consulting, The Global SerDes for Automotive Market Size is Expected to Grow from USD 745.12 Million in 2023 to USD 3072.23 Million by 2033, Growing at a CAGR of 15.22% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global SerDes for Automotive Market Size, Share, and COVID-19 Impact Analysis, By Type (Serializer, Deserializer), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Data Rate (Up to 2 Gbps, 2-6 Gbps, Above 6 Gbps), By Application (ADAS, Infotainment, Camera Systems, Instrument Cluster, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis and Forecast 2023 - 2033
The international SerDes for automotive market refers to the business that supports the automotive sector involved in the production and distribution of technical devices that reduce the difficulty and expense of establishing vast data bridges while allowing end-to-end data transfer. This system is classified into serializer and deserializer, and these are an essential part of data stream and operating in vice versa direction. The market is expanding because of the rising manufacturing of premium or luxury cars with sophisticated technology gadgets such as ADAS, infotainment, and others devices supports. Aside from this, the market is expanding due to the increasing development in automotive sectors as a result of the growing popularity of electric and hybrid autos. The market's expansion is also being supported by rising consumer awareness of fleet safety measures. However, market acquisition faces some obstacles, like high initial costs, technological complexity, economic uncertainty, and supply chain disruptions.
The serializer segment held the largest share of the global SerDes for automotive market in 2023 and is expected to grow at a significant CAGR over the forecast period.
On the basis of the type, the global SerDes for automotive market is differentiated into serializer and deserializer. Among these, the serializer segment held the largest share of the global SerDes for automotive market in 2023 and is expected to grow at a significant CAGR over the forecast period. This is because these are crucial for transforming parallel data into sequential data, which is necessary for rapid data transfer in automotive applications. Moreover, advanced infotainment and ADAS systems in vehicles are prominently incorporated with effective serializers that are essential to handle the massive amount of data being processed as a result, this segment propels the segment expansion.
The passenger cars segment held the largest share of the global SerDes for automotive market in 2023 and is predicted to grow at a significant CAGR over the forecast period.
On the basis of the vehicle type, the global SerDes for automotive market is segmented into passenger cars and commercial vehicles. Among these, the passenger cars segment held the largest share of the global SerDes for automotive market in 2023 and is predicted to grow at a significant CAGR over the forecast period. This segment growth contributed to the market expansion due to the rising population with growing financial freedom of consumers. Moreover, increasing acceptance of electric and hybrid cars with premium features and also the global trend of luxury cars accelerates the segment expansion.
The 2-6 Gbps segment held a significant share of the global SerDes for automotive market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the data rate, the global SerDes for automotive market is divided into up to 2 Gbps, 2-6 Gbps, and above 6 Gbps. Among these, the 2-6 Gbps segment held a significant share of the global SerDes for automotive market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This segment growth contributed to the market expansion due to higher data transfer rates being necessary for these applications to operate efficiently. Moreover, the growing use of modern infotainment systems and ADAS in mid-range and luxury cars is propelling this segment expansion.
The ADAS segment held the greatest share of the global SerDes for automotive market in 2023 and is projected to grow at a substantial CAGR over the forecast period.
On the basis of the application, the global SerDes for automotive market is classified into ADAS, infotainment, camera systems, instrument cluster, and others. Among these, the ADAS segment held the largest share of the global SerDes for automotive market in 2023 and is projected to grow at a substantial CAGR over the forecast period. This is because these systems need high-speed data transmission for precise and reliable functionality for their operation. Further, the increasing implementation of this system in premium or luxury vehicles, along with consumer need for optimal security measures, propels the growth of the application segment.
Europe is anticipated to hold the largest share of the global SerDes for automotive market over the forecast period.
Europe is expected to hold the greatest share of the global SerDes for automotive market over the forecast period. The regional SerDes for automotive market is propelling due to the presence of major automakers and a strong emphasis on novel automotive technologies. Further, the strong safety regulations and the rising consumer need for optimum safety and connectivity features are driving the adoption of SerDes technology in this region. Beyond that, the growing acceptance of electric and hybrid vehicles, which is encouraged by government policies, is predicted to further boost the regional market.
Asia Pacific is predicted to grow at the fastest CAGR growth of the global SerDes for automotive market over the forecast period. The market's expansion throughout the region is further accelerated due to the growing popularity of hybrid and electric cars and considerable R&D investments. Moreover, increasing disposable incomes for customers, along with government rules that encourage the proliferation of automobiles in this region. Further, the robust automotive framework in nations like China, India, and Japan accelerates the regional market growth.
Company Profiling
Major vendors in the global SerDes for automotive market are Texas Instruments Inc., NXP Semiconductors N.V., ON Semiconductor Corporation, Maxim Integrated Products Inc., Analog Devices Inc., Broadcom Inc., Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics N.V., Rohm Semiconductor, Microchip Technology Inc., Marvell Technology Group Ltd., Intel Corporation, Qualcomm Technologies Inc., Xilinx Inc., Semtech Corporation, Inova Semiconductors GmbH, Toshiba Corporation, Realtek Semiconductor Corp., Cypress Semiconductor Corporation, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, the MIPI Alliance released A-PHY v2.0, which doubled the maximum data rate of the automotive high-speed asymmetric SerDes interface to 32 Gbps on a single channel. This new version was designed to support the integration of image sensors and displays, which are crucial for advanced driver-assistance systems (ADAS) and autonomous driving systems (ADS). This made it highly relevant to the SerDes market for automotive applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global SerDes for automotive market based on the below-mentioned segments:
Global SerDes for Automotive Market, By Type
Global SerDes for Automotive Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Global SerDes for Automotive Market, By Data Rate
- Up to 2 Gbps
- 2-6 Gbps
- Above 6 Gbps
Global SerDes for Automotive Market, By Application
- ADAS
- Infotainment
- Camera Systems
- Instrument Cluster
- Others
Global SerDes for Automotive Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa