This report was recently updated on April 13 2024 with the latest and most recent
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Solid State Drive Market Size & Analysis - Forecasts To 2025 By Form Factor (2.5
Solid State Drive Market Insights:
The global solid state drive market is to grow at a CAGR of more than 15 % over the forecast period. Increased application of high-end cloud computing coupled with growing adoption of SSDs in data centers are few of the factors contributing to the growth of this market.
The growing use of SSDs for producing the latest models in mobile devices is anticipated to emerge as a major driver for the global solid state drive market. The benefits associated with the use of SSDs are encouraging leading players in the market to incorporate SSDs into mobile devices manufactured and assembled by them.
The growing use of SSDs as primary storage in devices such as notebooks and ultraportable computers are anticipated to boost the overall market growth. Factors such as costly manufacturing process coupled with high cost of raw materials are likely to hinder the demand for SSDs.
Solid State Drive Market: Form Factor Insights
Based on the form factors, the solid state drive market is segmented into 2.5”, 3.5”, M.2, U.2/SFF 8639, and FHHL/HHHL. The market for half height, half length (HHHL) or full height, half length (FHHL) is projected to grow at a significant rate over the forecast period.
Solid State Drive Market: Interface Insights
The Solid State Drive market is divided into SATA, SAS, and PCIe. SATA interface–based solid state drive segment registered the largest market share in 2016 due to lower cost of interface design. SATA interface provides lower cable size and cost, and quick data transfer through higher signalling rates.
Solid State Drive Market: Technology Insights
Based on the technology, the solid state driver market is segmented into SLC, MLC, and TLC. The solid state drive market for TLC accounted for the largest market share in 2016. TLC provides the cheapest solutions among all other technologies coupled with high storage density. These factors are anticipated to drive the demand for TLC over the forecast period.
Solid State Drive Market: End-User Insights
Based on the End-Use, the market is segmented into Enterprise, Client, Industrial, and Automotive. The automotive application segment is expected to grow at a significant rate over the forecast period.
The growing demand for automotive infotainment systems and advanced connected cars is likely to stimulate the growth of the solid state drive market. SSD is a flash storage solution that delivers reliable and high-performance storage in a number of in-vehicle applications such as 3D mapping and advanced augmented reality in navigation systems, and entertainment systems among others.
Solid State Drive Market: Regional Insights
North America accounted for the largest market share for solid state drive in 2016. Enterprises in Americas are increasing their spending on IT infrastructure to increase their business productivity and to gain a competitive advantage over the market. Factors such as extensive use of SSDs in IT & infrastructure devices to reduce time consumption, facilitate quick data transfer, and achieve high-performance level are likely to boost the regional market. Moreover, consumers in North America are more inclined towards the use of SSDs as compared to traditional hard disk drives.
Solid State Drive Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from global solid state drive market. The major consumers of the product are General Motors, Ford, and BMW among others.
Solid State Drive Market: Competitive Scenario
Major companies profiled in Global solid state drive market include Samsung (South Korea), Western Digital (U.S.), Intel (U.S.), Toshiba (U.S.), and Micron (U.S.) among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Solid State Drive Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Solid State Drive Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the companies, and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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