SerDes for Automotive Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (High-Speed SerDes, Low-Speed SerDes), By Protocol (MIPI CSI, MIPI DSI, Ethernet, PCIe, USB, HDMI), By Application (Advanced Driver Assistance Systems (ADAS), Infotainment Systems, Telematics, In-Vehicle Networking), By Vehicle Type (Passenger Cars, Commercial Vehicles), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global SerDes for Automotive Market was valued at USD 167.2 Million in 2023 and is anticipated to reach a value of USD 327.1 Million by 2031 expanding at a CAGR of 8.8% between 2024 and 2031.

Connectivity has now been cemented in the automobile sector as necessity, and not just a luxury anymore. The emerging automotive cutting edge technology focusing on creating a unique standard is called SerDes, which abbreviates for a Serializer/Deserializer. Through high-speed and bidirectional information dissemination of different vehicle components such as cameras, sensors and control modules, SerDes assures the process. Besides, with electric vehicles being the next wave of the automotive industry, SerDes solutions will in their demand as cars are going to be more and more electrified, connected, and autonomous. The function of SerDes technology of which is to help drivers exchange information and to share data between cars, contributing both to driver's and passengers' safety and comfort. The application of such purposes include but are not limited to ADAS, IVI and telematics where these systems have gone a notch higher to provide high-end and technically innovative mechanisms. The global SerDes for automotive market is probably grew up overwhelmingly through the quiet transition of automotive industry towards electrification, autonomy as well as connectivity. This creates an energy capital outlet for producers thereby construction and industrial complexes.

To learn more about this report, request a free sample copy

SerDes for Automotive Market Major Driving Forces

Rising Demand for Connected Vehicles: The necessity of the consumers to obtain the connected features technology such as inside the car infotainment, navigation as well as the telematics amplifies spreading of the SerDes technology among the automotive systems.

Advancements in Autonomous Driving: The growth of autonomous cars depends on the capability to have high-speed data transmission between the sensors, processors and control unit, the reason why the SerDes is required to allow operations in real-time, both communication and processing.

Demand for High-Resolution Imaging and Sensor Data: In the case of the modern car, which is equipped with high-resolution cameras and sensors for ADAS, Surround View System and Blind-Spot Detection, SerDes become a must for transferring large amount of data with close to zero delay.

Evolving Regulatory Standards: Strict technological regulations that concern the safety of vehicles, emissions, and data security, by which the growing application of Advanced SerDes is targeted, support their widespread usage which aim to fulfill the industry standards.

SerDes for Automotive Market Key Opportunities

Shift Towards Electric Vehicles: Immense demand of electric vehicle has created a significant opportunity for the SerDes technology. In EV, SerDes is utilized in battery management systems, power electronics, and vehicle control units.

Advancements in Autonomous Driving: Continuous innovations in the field of self-driving cars has propelled the market of SerDes. They are used in sensors, processors, and actuators, enabling safe and reliable operation of self-driving vehicles

Customization and Personalization: SerDes for automotive manufacturers can offer customization options, allowing ADAS, infotainment, and vehicle connectivity tailored to their preferences. This trend enhances customer engagement and brand loyalty, creating opportunities for premium and niche markets.

SerDes for Automotive Market Key Trends

·         Application of SerDes technology to ADAS systems.

·         Adoption of SerDes technology is being driven by the shift towards electric vehicles (EVs).

·         Increasing need for reliable, high-bandwidth SerDes systems to support data interchange in real time.

·         In order to facilitate networking features, multimedia streaming, and high-resolution displays, SerDes technology is being included into IVI systems more and more.

·         ISO 26262 and other automotive safety regulations are boosting demand for SerDes systems.

·         SerDes technology is becoming more and more in demand as automotive Ethernet networks for in-vehicle connectivity proliferate.

·         SerDes solutions with durability and dependability comparable to those of automobiles are becoming more and more important to automakers and suppliers.

·         Shift to multi-gigabit SerDes interfaces in order to meet the growing demand for bandwidth.

Region-wise Market Insights

North America accounted for the largest market share at 35.4% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 9.0% between 2024 and 2031.

To learn more about this report, request a free sample copy

From the regional analysis, it becomes crystal clear that the global SerDes for automotive market is dominated by North American region, capturing almost 1/3^rd (35.4%) of the global market share. In North America, the demand is driven by a strong focus in automotive innovations such as ADAS, autonomous driving technologies, and connected vehicle solutions. All these technologies rely on SerDes for data transfer and communication. The robust automobile manufacturing in the region is among the primary driver of this market. Stringent safety regulations in driver assistance features contribute to the adoption of SerDes solutions in North America. Asia-Pacific is another prominent region in the global SerDes for automotive market. The region is expected to grow at the fastest rate, registering blistering CAGR rate of 9.0%.  The market of Asia-Pacific region is dependent on several factors including growing focus on electric vehicles (EVs), smart mobility, and autonomous driving technologies. Besides this, growing investment in research and development, ensuring improved efficiency is also a determining factor.

Market Competition Landscape

The global SerDes for automotive market is characterized by high degree of competition among a large number of manufacturers. Key players in the SerDes for automotive market engage in strategies aimed at gaining a competitive edge. Since the leading companies in the industry are spending a lot of money on R&D to broaden their product offerings, the SerDes market will grow even more. Along with big industry developments including new product launches, contracts, M&A, higher investments, and joint ventures with other companies, market players are also launching a number of strategic projects to broaden their global reach. In order to expand and have a competitive edge in an increasingly ruthless market, the SerDes sector needs to offer reasonably priced solutions. Key players in the global SerDes for automotive market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Texas Instruments Incorporated

·         Analog Devices, Inc.

·         NXP Semiconductors N.V.

·         Maxim Integrated Products, Inc.

·         ON Semiconductor Corporation

·         Renesas Electronics Corporation

·         Silicon Laboratories, Inc.

·         Xilinx, Inc.

·         Infineon Technologies AG

·         Microchip Technology Inc.

·         Marvell Technology Group Ltd.

·         Synopsys, Inc.

·         Cypress Semiconductor Corporation

·         Semtech Corporation

·         ROHM Semiconductor