Dublin, March 04, 2022 (GLOBE NEWSWIRE) -- The "Solid State Drives Market Forecast to 2029 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.
The Solid State Drives (SSD) market is expected to reach US$ 143,557.0 million by 2029 from US$ 53,829.6 million in 2021; it is estimated to grow at a CAGR of 15.0% from 2022 to 2029.
The SSD market is broadly segmented into five major regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America held the largest share of the global SSD market. However, Europe is the fastest-growing region. G.SKILL International Enterprise Co., Ltd.; Silicon Power Computer & Communications Inc.; Hangzhou Hikstorage Technology Co., Limited; Western Digital Corporation; and Kingston Technology Europe Co LLP are among the key players operating in the SSD market.
The rise in the utility of SSD worldwide and advancement in integration of next-generation technologies such as artificial intelligence in the industrial sector further drive the market. Single packaged SSDs decrease the size of IoT (Internet of Things) devices. Owing to distinct rules, norms, regulations, and policies of different countries, trade barriers in this market may act as a restraining factor to a certain extent. Among all the regions, the North American region is a quick adopter of all the latest technological advancements in the electronics & semiconductor industry.
Major countries in the North American region like the US, Canada, and Mexico find wide use of SSD across numerous domains such as networking, telecommunication, industrial, automotive, aerospace, defense, and consumer electronics. Most of the countries in Asia Pacific are still in developing states and are not as developed as the countries in the west. However, with growing disposable income, demand for vehicles and consumer electronics products is expected to rise substantially in various countries such as Bangladesh, India, Malaysia, China, and the Philippines. This drives the requirement for respective SSD needed in vehicles, personal computers, laptops, tablets, notebooks, smart wearables, etc.
The rapidly growing media & entertainment industry in Asia Pacific is significantly contributing toward the market growth. The COVID-19 pandemic impacted the production operations; however, the demand for SSD for connective medical devices remained intact. From the last quarter of 2020, the supply chain has started reviving. The SSD market is anticipated to grow notably worldwide in the coming years.
The SSD market is segmented based on type, state, material, range, and application. Based on type, the SSD market is segmented into internal and external. In terms of technology, the SSD market is segmented into single level cell, multi-Level cell, and triple level cell. Based on storage, the SSD market is segmented into under 500 GB, 500 GB-1 TB, 1 TB-2 TB, and above 2 TB. In terms of end-user, the SSD market is segmented into industrial, enterprise, and consumer.
G.SKILL International Enterprise Co., Ltd.; Silicon Power Computer & Communications Inc.; Hangzhou Hikstorage Technology Co., Limited; Western Digital Corporation; and Kingston Technology Europe Co LLP. are among the key players operating in the global SSD market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global solid state drives market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global solid state drives market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. SSD Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Global: Solid State Drives Market, Shipment in Mn Units
4.5.2 Geography: Solid State Drives Market, Shipment in Mn Units
4.5.3 Europe: Solid State Drives Market, Shipment in Mn Units
5. SSD Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Penetration of High-End Cloud Computing
5.1.2 Growing Adoption in Data Center Applications
5.2 Market Restraints
5.2.1 High Cost & Small Life Span of SSDs
5.3 Market Opportunities
5.3.1 Relational Analytics Using Smart SSDs
5.4 Future Trends
5.4.1 Innovations in Critical SSD Components
5.5 Impact Analysis of Drivers and Restraints
6. SSD Market - Global Analysis
6.1 SSD Market Global Overview
6.2 SSD Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. SSD Market Analysis - By Type
7.1 Overview
7.2 SSD Market Breakdown, By Type, 2021 and 2029
7.3 External
7.3.1 Overview
7.3.2 External: SSD Market Revenue and Forecast to 2029 (US$ million)
7.4 Internal
7.4.1 Overview
7.4.2 Internal: SSD Market Revenue and Forecast to 2029 (US$ million)
8. SSD Market Analysis - By Technology
8.1 Overview
8.2 SSD Market, by Technology (2021 and 2029)
8.3 Single Level Cell (SLC)
8.3.1 Overview
8.3.2 SLC: SSD Market- Revenue and Forecast to 2029 (US$ million)
8.4 MLC
8.4.1 Overview
8.4.2 MLC: SSD Market- Revenue and Forecast to 2029 (US$ million)
8.6 Triple Layer Cell (TLC)
8.6.1 Overview
8.6.2 TLC: SSD Market- Revenue and Forecast to 2029 (US$ million)
9. SSD Market Analysis - By Storage
9.1 Overview
9.2 SSD Market, by Storage (2021 and 2029)
9.3 Under 500 GB
9.3.1 Overview
9.3.2 Under 500 GB: SSD Market- Revenue and Forecast to 2029 (US$ million)
9.4 GB - 1 TB
9.4.1 Overview
9.4.2 GB - 1 TB: SSD Market- Revenue and Forecast to 2029 (US$ million)
9.5 1 TB - 2 TB
9.5.1 Overview
9.5.2 1 TB - 2 TB: SSD Market- Revenue and Forecast to 2029 (US$ million)
9.6 Above 2 TB
9.6.1 Overview
9.6.2 Above 2 TB: SSD Market- Revenue and Forecast to 2029 (US$ million)
10. SSD Market Analysis - By End-User
10.1 Overview
10.2 SSD Market, by End-User (2021 and 2029)
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: SSD Market- Revenue and Forecast to 2029 (US$ million)
10.4 Enterprise
10.4.1 Overview
10.4.2 Enterprise: SSD Market- Revenue and Forecast to 2029 (US$ million)
10.5 Consumer
10.5.1 Overview
10.5.2 Consumer: SSD Market- Revenue and Forecast to 2029 (US$ million)
11. SSD Market - Geographic Analysis
12. Solid State Drives Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 The Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.6 South America Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Merger and Acquisition
13.2 New Development
14. Company Profiles
14.1 Kingston Technology Europe Co LLP
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 SK Hynix Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Micron Technology, Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Microsemi Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Samsung Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 KIOXIA Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 G.SKILL International Enterprise Co., Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Silicon Power Computer & Communications Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Hangzhou Hikstorage Technology Co., Limited
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Western Digital Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Seagate Technology LLC
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/2v3pm
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