SerDes Market is projected to grow at a CAGR of 9.2% from 2021 to 2027

Description
The global SerDes market size is projected to grow at a CAGR of 9.2% from 2021 to 2027. A SerDes implies a trans-receiver integrated circuit (IC), wherein the transmitter section converts serial data to parallel data, and the receiver section converts parallel data to serial data. The factors that propel the market's growth include increasing acceptance of HPC systems by enterprises and businesses, increasing application in consumer electronics, automotive, data center, and optical fiber communication segments.

Growing awareness of quantum computing is a foremost factor driving the market's growth. SerDes market is anticipated to expand in the upcoming period as the scope, product types, and applications are increasing across the globe. Demand for SerDes chips is rising due to data centers' growth and increased quantum computing activities. SerDes enables transmission of the data faster, which is also cost-effective.

Some factors may hamper the market's growth, including complications beyond 112G SerDes and high cost. One trend affecting this market is the rising investment in quantum computing. Quantum computing is a technology that applies the laws of quantum mechanics to computational ability.

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COVID-19 Impact on the Global SerDes Market
COVID 19 pandemic has affected the vital operations in the industrial and manufacturing sectors. Every segment of the consumer electronics and communication industry was experiencing severe issues in terms of production and delivery. As a result of the prolonged lockdown, stringent regulations, and laws, the SerDes market was in decline like any other industry. Countries like China and Taiwan are major SerDes producers, accounting for a significant portion of the global supply. However, because these areas were severely impacted by COVID, supply and manufacturing rates have significantly decreased. As a result, the Se