Market Insights:
The global Solid State Drive Market was valued at USD 19.65 Bn in 2021 and is anticipated to grow at a CAGR of 10.1% and is expected to reach USD 46.71 Bn by 2030.
Driver:
The increased adoption of Solid State Drive in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Solid State Drive also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Solid State Drive in many sectors also boosts the market growth during the forecast period.
A solid state drive (SSD) is a form of nonvolatile storage media that uses solid-state flash memory to store permanent data. When compared to hard disc drives, SSD is quicker, quieter, and typically preferred (HDD). SSD is predicted to completely replace HDD in the near future because to its greater capacity, better performance, and lower pricing.
Solid State Drive Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Interface (SATA, SAS, PCIe), By Application (Client, Enterprise, Automotive and Industrial.), By Form Factor (1.8”/2.5”, 3.5”, M.2, U.2 (SFF 8639), FHHL and HHHL), By Technology (SLC, MLC, TLC, Others), By Storage (Under 500 GB, 500 GB – 1 TB, 1T B – 2 TB, Above 2 TB) and companies (NetApp, Lexar Media, Crossbar (US), G.Skill, Violin Memory, Corsair Components., Samsung, Intel, Western Digital, Micron, Toshiba, Kingston, Lite-On, Seagate, SK hynix, Microsemi, Viking, Adata , Bitmicro Networks, Mushkin), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.1%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 46.71 Billion |
| CAGR (2022-2030) | 10.1% |
| By Interface | SATA, SAS, PCIe. |
| By Application | Client, Enterprise, Automotive and Industrial. |
| By Form Factor | 1.8”/2.5”, 3.5”, M.2, U.2 (SFF 8639), FHHL and HHHL. |
| By Technology | SLC, MLC, TLC, Others. |
| By Storage | Under 500 GB, 500 GB – 1 TB, 1T B – 2 TB, Above 2 TB. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | NetApp, Lexar Media, Crossbar (US), G.Skill, Violin Memory, Corsair Components., Samsung, Intel, Western Digital, Micron, Toshiba, Kingston, Lite-On, Seagate, SK hynix, Microsemi, Viking, Adata , Bitmicro Networks, Mushkin. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Solid State Drive market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NetApp, Lexar Media, Crossbar (US), G.Skill, Violin Memory, Corsair Components., Samsung, Intel, Western Digital, Micron, Toshiba, Kingston, Lite-On, Seagate, SK hynix, Microsemi, Viking, Adata , Bitmicro Networks, Mushkin.
Market Segment Analysis:
By Application
- Client
- Enterprise
- Automotive and Industrial
By interface
- SATA
- SAS
- PCIe
By Form factor
- 8”/2.5”
- 5”
- 2
- 2 (SFF 8639)
- FHHL and HHHL
By Technology
- SLC
- MLC
- TLC
- Others
By Storage
- Under 500 GB
- 500 GB – 1 TB
- 1T B – 2 TB
- Above 2 TB
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Solid State Drive industries in the region.
Key Solid State Drive Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Solid State Drive Market segments.
– Largest Market Share Held by Industry to Industry for Solid State Drive
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Solid State Drive Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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