The North America SerDes Market would witness market growth of 13.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America SerDes Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $503.5 million by 2031. The Canada market is experiencing a CAGR of 15.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.5% during (2024 - 2031).
Telecommunications providers are increasingly deploying fiber-optic networks to deliver high-speed broadband services to homes, businesses, and mobile networks. This technology enables data transmission over these fiber-optic connections, supporting protocols like Ethernet, GPON, and WDM to deliver reliable and high-capacity connectivity.
Data centers require high-speed interconnect solutions to efficiently transfer data between servers, storage systems, and networking equipment. This technology facilitates the serialization and deserialization of data streams, enabling high-speed communication over copper and optical interconnects. As data centers scale up to meet increasing demand, there's a growing need for SerDes-enabled interconnect solutions to support the high bandwidth requirements of modern applications and workloads.
Developing charging infrastructure is crucial for the adoption of electric vehicles in Mexico. Mexico is working to expand the network of charging stations at public facilities, in urban areas, and beside highways to support EV owners and encourage their adoption. In Mexico, grid stability and integrating renewable energy sources can be supported by electric vehicles functioning as energy storage devices and participating in vehicle-to-grid (V2G) systems. This technology enables communication between EVs, charging stations, and utility networks, facilitating bidirectional power flow and dynamic energy management in Mexico. As per the International Trade Administration, Mexico City is the world's fifth most populous city, with 21 million people and 33.4 million vehicles. In 2018, Mexico recorded a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. 955,393 electric and hybrid vehicles were sold in 2019 from January through September. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The SerDes Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 13.7%
Based on Product, the market is segmented into Stand-alone SerDes, and SerDes IP Core. Based on Application, the market is segmented into Data Centers, Consumer Electronics, Telecom, Automotive, and Others. Based on Channel Length, the market is segmented into Short Reach, and Long Reach. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product
By Application
By Channel Length
By Country
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