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Solid State Drive Market By Economic Growth Factors, Development Status, Industry Overview, Future Plans, Competitive Landscape and Opportunities Forecast 2030

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According to Precedence Research, The solid state drive market size garnered US$ 28.1 billion in 2020 and is expected to generate US$ 79.8 billion by 2030, manifesting a CAGR of 11% from 2021 to 2030.  The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The solid state drive market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the major players in the global solid state drive market include:

  • Intel Corporation
  • Micron Technology, Inc.
  • Samsung Electronics Co., Ltd.
  • Seagate Technology PLC
  • Western Digital Corporation
  • Toshiba
  • Viking
  • Adata
  • Bitmicro Networks
  • Kingston
Solid State Drive Market Scope

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Crucial factors accountable for market growth are:
  • Rising adoption of smartphones, laptops, and tablets
  • Rising investments in developing IT infrastructure
  • Growing adoption of 5G technology
  • Rapidly growing cloud computing industry
  • Presence of medium and small enterprises
  • Rapid adoption of solid state drive by the gaming industry
  • Rising number of online financial services and data centers

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Solid State Drive Market Report Highlights
  • Based on the interface, the PCIe segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the higher adoption of PCIe interface because of its high speed and cheap prices.
  • Based on the technology, the TLC segment dominated the market in 2020. . The TLC technology is the cheapest technology as compared to any other technology. Further, the enhanced performance of TLC has boosted its adoption across various industries.
  • Based on application, the enterprises segment is expected to exhibit highest CAGR during the forecast period. The presence of huge number of small and medium enterprises along with the availability of 3D NAND, TLC, and MLC that offers high performance at lower costs have augmented the growth of this segment.
Market Dynamics

Driver – The rapid penetration of cloud computing across the globe is a major driving force of the market. Cloud computing is becoming an important aspect for the enterprises and individual customers to back up and archive their important data. Therefore, the rising number of cloud computing platforms is expected to drive the growth of the global solid state drive market during the forecast period.

Restraint – The major restraining factor that can hamper the market growth is the high cost and short life span of the solid state drives. The price of the solid state drive is higher than the hard disk drive. Even after a significant price reduction of NAND flash memory, the price of the solid state drives remains higher than the hard disk drives.

Opportunities – The top market players such as Samsung, Intel, Micron, and Seagate are constantly engaged in research and development of new and efficient technologies. This resulted in an increased number of new product launches with innovative features. The development of new features with increased affordability is expected to provide lucrative growth opportunities in the developing markets.

Challenges – The demand for the solid state drive is rising significantly. The development of innovative features has resulted in the design complexities of these solid state drives. The performance of the solid state drive is highly dependent on its design.

Regional Snapshots

North America dominated the global solid state drive market in 2020. The rising demand for the data storage need of individuals and enterprises coupled with the demand for high speed data accessibility has fostered the growth of the solid state drive market in the region.The proliferation of 5G technology in North America will result in the rapid growth of the solid state drive market during the forecast period. The presence of various big IT players such as Google, Amazon, and Facebook augments a high demand for the solid state drive. These factors are expected to boost the growth of the market.

Solid State Drive (SSD) Market Share, By Region, 2020 (%)

On the other hand, Europe is estimated to be the most opportunistic market owing to the presence of high number of small and medium enterprises in the region that fosters the demand for the solid state drives. Moreover, the rising penetration of digital platforms along with the growing adoption of consumer electronics like smartphones and laptops is expected to drive the solid state drive market in the forthcoming future.

Market Segments Covered

By Interface

  • SATA
  • SAS
  • PCIe

By Technology

  • SLC
  • MLC
  • TLC
  • Others

By Application

  • Enterprise
  • Client

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Research Objective

  • To provide a comprehensive analysis of the solid state drive industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
  • To provide detailed insights into factors driving and restraining the growth of this global market
  • To provide a distribution chain analysis/value chain for the this market
  • To estimate the market size of the global solid state drive market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
  • To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
  • To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
  • To provide country-wise market value analysis for various segments of the solid state drive

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Solid State Drive (SSD) Market, By Interface

7.1. Solid State Drive (SSD) Market, by Interface Type, 2021-2030

7.1.1. SATA

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. SAS

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. PCIe

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Solid State Drive (SSD) Market, By Application

8.1. Solid State Drive (SSD) Market, by Application, 2021-2030

8.1.1. Enterprise

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Client

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Solid State Drive (SSD) Market, By Technology 

9.1. Solid State Drive (SSD) Market, by Technology, 2021-2030

9.1.1. SLC

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. MLC

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. TLC

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Solid State Drive (SSD) Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Interface (2017-2030)

10.1.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.3. Market Revenue and Forecast, by Technology (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Technology (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Interface (2017-2030)

10.2.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.3. Market Revenue and Forecast, by Technology (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Technology (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Interface (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Interface (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Technology (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Interface (2017-2030)

10.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.3. Market Revenue and Forecast, by Technology (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Technology (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Interface (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Interface (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Technology (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Technology (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Interface (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Interface (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Technology (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.3. Market Revenue and Forecast, by Technology (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Interface (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Technology (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Interface (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Technology (2017-2030)

Chapter 11. Company Profiles

11.1. Intel Corporation

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Micron Technology, Inc.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Samsung Electronics Co., Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Seagate Technology PLC

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Western Digital Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Toshiba

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Viking

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Adata

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Bitmicro Networks

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Kingston

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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