Solid State Drive (SSD) Market Size By Interface (Serial ATA (SATA), Serial Attached SCSI (SAS), Peripheral Component Interconnect Express (PCIe)), By Technology (Single Level Cell (SLC), Multi-Level Cell (MLC), Triple Level Cell (TLC)), By Storage (Under 500 GB, 500 GB - 1 TB, 1T B - 2 TB, Above 2 TB), By Application (Enterprise, Client), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI2549  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 280   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Solid State Drive Market size exceeded USD 55 billion in 2019 and is estimated to grow at around 15% CAGR between 2020 and 2026.
 

The proliferation of cloud computing platforms among several enterprises and consumers for personal usage to back up their data will drive the market demand. Major market players in cloud computing are increasing the adoption of theses drives for quick data access and high speed in work process. For instance, Google uses solid state drive storage in open beta to deliver high performance among compute engine users. It helps the users in Google cloud platform to fasten their workload and achieve high Input/output Operations Per Second (IOPS).
 

Solid State Drive Market

Get more details on this report - Request Free Sample PDF
 

Solid state drives (SSD) are also experiencing significant adoption in the automotive industry for next generation connected cars and infotainment passenger vehicles, driving the solid state drive market growth. In connected car applications, solid state drives are used to meet the requirements for high-performance graphics, data storage, and communications. Also, SSD offers flash storage solution that aids to deliver high-performance storage and reliability in several in-vehicle applications including driver assist technology, entertainment system, navigation system, and 3D mapping
 

The COVID-19 pandemic has restrained the R&D initiative in the automotive sector on account of shutdown of several major manufacturing plants worldwide. The post COVID impact will increase the initiative toward autonomous technology, driving the industry growth. Adding to this, the rising data traffic due to work from home scenario has propelled the demand for SSDs in data centers. These drives will help data center companies to deliver high performance and powerful input output operation for mega clouds and servers.
 

Solid State Drive (SSD) Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 55 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 15% 2026 Value Projection: 125 Billion (USD)
Pages: 280 Tables, Charts & Figures: 416
Geographies covered (15): U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa
Segments covered: Interface, Technology, Storage, Application
Companies covered (14): ADATA Technology Co. Ltd, Bitmicro networks Inc, Intel Corporation, Kinston Technology, KIOXIA America, Inc (Toshiba Corporation), Micron, Microsemi, Mushkin Enhanced MFG, Netapp, Samsung, Seagate Technology LLC, SK Hynix Inc., Viking Technology, Western Digital
Growth Drivers:
  • Rising adoption of SSD in data centers
  • Emerging application of SSD in automotive sector
  • Increasing penetration for high end cloud computing
  • Declining cost of SSD will gain advantage over HDD
  • Rising initiative for deployment of 5G technology in developing nations
  • Increasing demand from consumer electronics products
Pitfalls & Challenges:
  • Design complexity and shorter life span

Get more details on this report - Request Free Sample PDF
 

Advancements in SATA interface for data centers will fuel the market demand

The SATA interface segment held a market share of over 85% and is anticipated to witness around 20% growth through 2026. SATA majorly includes low-cost interface designing, which increases its demand in a wide range of applications including laptops, PCs, and data centers. The adoption of SATA interface solid state drives in data centers aid to deliver faster data transfer with high signaling rates, low cable size, and efficient transfer with I/O queuing protocol.
 

In the U.S., SATA segment is expected to generate a revenue of over USD 15 billion with shipments of over 80 million. Data center companies particularly in the U.S. are seeking to enhance the performance and reliability of their existing storage systems without changing to a new infrastructure. They are thus focusing to advance the integration of SATA interface in solid state drives and gain huge market opportunities in data center applications.
 

Rising developments in 3D NAND technology will create market opportunities for TLC

Solid State Drive Market

Get more details on this report - Request Free Sample PDF

 

The triple level cell (TLC) technology segment accounted for over 25% solid state drive (SSD) market share in 2019 owing to decline in cost of GB per SSD, which shifted the usage of technology from SLC to TLC. Adoption of TLC in solid state drives helps to deliver cost-effective solution with high storage density. This will result in high market opportunities for TLC in consumer electronics products such as tablets and notebooks.
 

Furthermore, the increase in speed for read and write performance in SSD will propel the demand for TLC. The integration of 3D NAND technology with TLC helps customers with data storage requirements, driving the market growth. The companies are continuously engaged in the development of 3D technology in solid state drives to cater to the high demand in the industry.
 

Increasing innovation by prominent players for high storage drives will propel the market

UK Solid State Drive Market

Get more details on this report - Request Free Sample PDF

 

The 1 TB - 2 TB storage segment in the solid state drive market is predicted to expand at 20% CAGR till 2026. The growth is majorly driven by rising demand for high storage drives to deliver mechanical characteristics and high performance in various applications including gaming, data centers, and other consumer electronic devices.
 

In gaming applications, the demand for high storage SSD is increasing to deliver sequential read speed and ensure stable performance to consumers in UK, France, and other EU regions. The UK market is expected to generate revenue of over USD 2.5 billion, growing at over 12%.
 

To cater to the high demand in the market, companies are increasing their storage capacity in solid state drives. In March 2019, Micron announced the launch of “Micron 1300”, its new SATA-based SSD. The new solid-state drive is available with three storage capacities such as 256 GB, 512 GB, and 1 TB. It also comes with an additional 2 TB option for 2.5 drive, which add an advantage to accelerate the performance.
 

Rising mobile devices to create new market opportunities for SSD among client applications

The client application segment dominated more than 65% market revenue share in 2019 due to rise in content and digital data generation, which increases the requirement for high speed and large data storage. Proliferation of consumer preference toward advanced computing devices, such as smartphones, tablets, laptops, and PC, will boost the adoption of solid-state drives.
 

Increasing adoption of digital platforms for money transfer, online shopping, gaming, and other applications is increasing the requirement for mobile devices with long battery life and high performance. Market players are innovating new technology solutions to cater to the demands for high power efficiency and improved endurance.
 

Proliferation of 5G technology in the U.S. will accelerate the market size

North America SSD Market

Get more details on this report - Request Free Sample PDF
 

North America solid state drive market will observe a growth rate of over 15% during the forecast timeline impelled by proliferation of 5G technology in the U.S. According to global5G.org, it is projected that all 5G mobile connections in the U.S. will reach 40% in 2023 and upto 60% in 2025. This will increase the requirement for cloud storage, influencing the market revenue. Several small & large enterprises and cloud storage providers are planning to transform their businesses by replacing Hard Disk Drive (HDD) with SSD. This will help the companies to achieve high performance in lesser time and speed up the data transfer.
 

Focus on new product launch to stay competitive in the market

The leading market players include Samsung, Intel Corporation, Western Digital, Toshiba Corporation, Micron, Seagate Technology PLC. Companies offering solid state drives are continuously innovating new products with high storage capacity to compete in the industry. For example, in April 2020, KLEVV, a memory brand of Essencore, announced the launch of its two new SSDs, which are available with the capacity upto 1 TB.
 

The solid state drive (SSD) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2026 for the following segments:

Market by Interface  

  • SATA
  • SAS
  • PCIe

Market by Technology

  • SLC
  • MLC
  • TLC

Market by Storage

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

Market by Application

  • Enterprise
  • Client

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

 

Frequently Asked Questions (FAQ) :

The market size of solid state drive exceeded USD 55 billion in 2019.
The industry share of solid state drive is poised to grow at around 15% CAGR between 2020 and 2026.
North America market will observe a growth rate of over 15% during the forecast timeline impelled by proliferation of 5G technology in the U.S.
According to the analysts at GMI, the SATA interface segment held a market share of over 85% and is anticipated to witness around 20% growth through 2026.
The leading market players include Samsung, Intel Corporation, Western Digital, Toshiba Corporation, Micron, Seagate Technology PLC.
The client application segment dominates the market revenue share due to rise in content and digital data generation, which increases the requirement for high speed and large data storage.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Jun 2020
  • Pages: 280
  • Tables: 395
  • Charts / Figures: 21
  • Companies covered: 14
  • Countries covered: 15

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X