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Solid State Drive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 145 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5615104
Description Jump to:
The global solid state drive (SSD) market size reached US$ 46.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 110.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.23% during 2023-2028.

Solid state drive (SSD) refers to an integrated, non-volatile data storage device that utilizes amalgamated circuits as a memory to store persistent visual data. It consists of interconnected microchips rather than spinning discs that aid in accessing memory by substantially reducing startup time. As compared to hard disk drives (HDD), SSD is more portable, offers higher speed and exhibits better physical shock-resistant properties and lesser data access latency. Apart from this, it generates low heat, which increases the lifespan of big data, provides video-on-demand services, and performs faster data reads and writes, while ensuring minimal power consumption. Consequently, SSD is extensively used across enterprises for eliminating mechanical failures, thus assisting in enhancing the overall operational performance.

Solid State Drive (SSD) Market Trends:

The global SSD market is being driven by the increasing penetration of high-end cloud computing interfaces and the rising need for effective data storage solutions across organizations for performing file back-up and archiving information. The increasing product need can also be attributed to the growing instances of computer crash and cyberattacks, which can cause file deletion and provide data access to unauthorized users. In line with this, the introduction of peripheral component interconnect express (PCIe) and non-volatile memory express (NVMe) interfaces that offer high-performance services with better frequency are acting as other growth-inducing factors. Such advancements have facilitated its widespread adoption across several data-sensitive sectors, including data centers and financial institutions. Additionally, the large-scale integration of NAND flash memory, which does not require power to retain data, with SSD for improving site security and providing more reliable services on e-commerce platforms is propelling the market growth. Apart from this, the continuous investments in research and development (R&D) activities and strategic collaborations amongst key players to enhance SSD capabilities are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global solid state drive (SSD) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, interface, form factor, storage and application.

Breakup by Type:

  • External
  • Internal

Breakup by Interface:

  • SATA
  • SAS
  • PCIe

Breakup by Form Factor:

  • 1.8”/2.5”
  • 3.5”
  • M.2
  • U.2 (SFF 8639)
  • FHHL and HHHL

Breakup by Storage:

  • Under 500 GB
  • 500 GB-1 TB
  • 1 TB-2 TB
  • Above 2 TB

Breakup by Application:

  • Enterprise
  • Client
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ADATA Technology Co. Ltd., Corsair Gaming Inc., Kingston Technology Corporation, KIOXIA Holdings Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., Seagate Technology LLC, SK hynix Inc., Toshiba Corporation, Transcend Information Inc. and Western Digital Corporation.

Key Questions Answered in This Report

1. What was the size of the global solid state drive (SSD) market in 2022?
2. What is the expected growth rate of the global solid state drive (SSD) market during 2023-2028?
3. What has been the impact of COVID-19 on the global solid state drive (SSD) market?
4. What are the key factors driving the global solid state drive (SSD) market?
5. What is the breakup of the global solid state drive (SSD) market based on the interface?
6. What is the breakup of the global solid state drive (SSD) market based on the form factor?
7. What are the key regions in the global solid state drive (SSD) market?
8. Who are the key players/companies in the global solid state drive (SSD) market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Solid State Drive (SSD) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 External
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Internal
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Interface
7.1 SATA
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 SAS
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 PCIe
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Form Factor
8.1 1.8”/2.5”
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 3.5”
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 M.2
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 U.2 (SFF 8639)
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 FHHL and HHHL
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Storage
9.1 Under 500 GB
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 500 GB-1 TB
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 1 TB-2 TB
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Above 2 TB
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Application
10.1 Enterprise
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Client
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ADATA Technology Co. Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Corsair Gaming Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 Kingston Technology Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 KIOXIA Holdings Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Micron Technology Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Samsung Electronics Co. Ltd.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Seagate Technology LLC
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 SK hynix Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Toshiba Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Transcend Information Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Western Digital Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Solid State Drive Market: Major Drivers and Challenges
Figure 2: Global: Solid State Drive Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Solid State Drive Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Solid State Drive Market: Breakup by Type (in %), 2022
Figure 5: Global: Solid State Drive Market: Breakup by Interface (in %), 2022
Figure 6: Global: Solid State Drive Market: Breakup by Form Factor (in %), 2022
Figure 7: Global: Solid State Drive Market: Breakup by Storage (in %), 2022
Figure 8: Global: Solid State Drive Market: Breakup by Application (in %), 2022
Figure 9: Global: Solid State Drive Market: Breakup by Region (in %), 2022
Figure 10: Global: Solid State Drive (External) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Solid State Drive (External) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Solid State Drive (Internal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Solid State Drive (Internal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Solid State Drive (SATA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Solid State Drive (SATA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Solid State Drive (SAS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Solid State Drive (SAS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Solid State Drive (PCIe) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Solid State Drive (PCIe) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Solid State Drive (1.8”/2.5”) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Solid State Drive (1.8”/2.5”) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Solid State Drive (3.5”) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Solid State Drive (3.5”) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Solid State Drive (M.2) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Solid State Drive (M.2) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Solid State Drive (U.2 (SFF 8639)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Solid State Drive (U.2 (SFF 8639)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Solid State Drive (FHHL and HHHL) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Solid State Drive (FHHL and HHHL) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Solid State Drive (Under 500 GB) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Solid State Drive (Under 500 GB) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Solid State Drive (500 GB-1 TB) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Solid State Drive (500 GB-1 TB) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Solid State Drive (1 TB-2 TB) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Solid State Drive (1 TB-2 TB) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Solid State Drive (Above 2 TB) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Solid State Drive (Above 2 TB) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Solid State Drive (Enterprise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Solid State Drive (Enterprise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Solid State Drive (Client) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Solid State Drive (Client) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Solid State Drive (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Solid State Drive (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Solid State Drive Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Solid State Drive Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Solid State Drive Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Solid State Drive Industry: SWOT Analysis
Figure 94: Global: Solid State Drive Industry: Value Chain Analysis
Figure 95: Global: Solid State Drive Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Solid State Drive Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Solid State Drive Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Solid State Drive Market Forecast: Breakup by Interface (in Million US$), 2023-2028
Table 4: Global: Solid State Drive Market Forecast: Breakup by Form Factor (in Million US$), 2023-2028
Table 5: Global: Solid State Drive Market Forecast: Breakup by Storage (in Million US$), 2023-2028
Table 6: Global: Solid State Drive Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Solid State Drive Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Solid State Drive Market: Competitive Structure
Table 9: Global: Solid State Drive Market: Key Players

Companies Mentioned

  • ADATA Technology Co. Ltd.
  • Corsair Gaming Inc.
  • Kingston Technology Corporation
  • KIOXIA Holdings Corporation
  • Micron Technology Inc.
  • Samsung Electronics Co. Ltd.
  • Seagate Technology LLC
  • SK hynix Inc.
  • Toshiba Corporation
  • Transcend Information Inc.
  • Western Digital Corporation.

Methodology

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Table Information

Report AttributeDetails
No. of Pages145
PublishedJuly 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 46.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 110.2 Billion
Compound Annual Growth Rate15.6%
Regions CoveredGlobal
No. of Companies Mentioned11

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