Global Hard Disk Drive Market By Type, By Application, And By Region/ Country (Us, Europe, Japan, China, India, Southeast Asia, South America, South Africa, And Rest Of The World) – Global Forecast From 2020 To 2029
1st August 2019
find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global hard disk drive market is expected to register a CAGR of 5.3%, and is projected to be valued at over US$ 95 Bn in 2029. The global hard disk drive market is segmented on the basis of type, application and region. The report further includes in-depth study about the market drivers, restraints, key market players and regional market growth. It also provides a detailed overview of potential opportunities along with current trends observed in the target market.
Hard Disk Drive: Overview
A hard disk drive or a hard drive is an electro-mechanical device that is used to read and write digital data on the hard disk. It is the largest data storage device in computers. Each generation the hard disk drive is replaced by a smaller size and larger storage capacity. Currently, storage capacity of hard disk drives has increased to terabytes. Earlier, it was used only in the protected environment of data centers, but are currently used across factories, corporates, and homes.
Revenue from the global hard disk drive market is projected to increase significantly, owing to increasing use of flash-based SSDs in laptops and all-in-ones. Growth in end-uses and applications is also projected to drive product demand in the global hard disk drive market.
Global Hard Disk Drive Market: Dynamics
Increasing demand for and adoption of hard drives with cloud access and other enterprise applications is projected to support growth of the global hard disk drive market. Hard disk drives are used across different devices, apart from desktops, mobile phones, consumer electronics, digital video recorders and vehicles, and enterprise storage arrays in data centers. Increasing use of laptops and all-in-ones is projected to create a positive impact on growth of the global hard disk drive market.
Internet protocol traffic in public cloud data centers is projected to triple in the near future, and will eventually emerge as a major factor driving growth of the global hard disk drive market during the forecast period. In this age of rapid digitalization, the use of computers and laptops in the areas of education, business, and almost in every field has been increasing, and is projected to continue to support growth of the target market. Increasing need for safe and secured storage of important documents has led to advancement in the global hard disk drive market.
The use of smartphones with an ever increasing range of features and options such as high-precision and quality cameras, computer operating systems, photo features, and many others is increasing and replacing the use of personal computers. Considerable decrease in demand for personal computers is creating a negative impact on growth of the global hard disk drive market. Existing players can leverage newer opportunities in developing economies.
Global Hard Disk Drive Market: Segment and Region Insights:
Insights, by Product Type:
The Solid State Drives (SSD) segment is projected to record highest share in terms of revenue in the global hard disk drive market during the forecast period, followed by Hybrid Hard Disk (HHD) segment and mechanical hard disk segment respectively.
Insights, by Application:
The commercial use segment is projected to contribute major revenue share in the target market, and is projected to register highest CAGR of 6.4% during the forecast period.
Insights, by Region: The market in China is projected to register highest growth rate among regions in the global hard disk drive market. In addition, China market has been estimated to account for 17.6% revenue share in 2019, and register a CAGR of 7.7% during the forecast period.
Global Hard Disk Drive Market Segmentation:
Segmentation based on Type:
- Solid State Drives (SSD)
- Mechanical Hard Disk (HDD)
- Hybrid Hard Disk (HHD)
Segmentation based on Application:
- Personal Use
- Commercial Use
Segmentation based on Region:
- Southeast Asia
- South America
- South Africa
- Rest of the World (RoW)
- Samsung Electronics Co., Ltd.
- Intel Corporation
- Toshiba Corporation
- Western Digital Corp.
- Seagate Technology PLC
- Micron Technology
- Kingston Technology Company, Inc.
- Lite-On Technology, Inc.
- Buffalo Americas, Inc.
- Chapter 1 Global Hard Disk Drive Market Overview
- 1.1 Introduction
- 1.2 Taxonomy
- 1.3 Drivers for Global Hard Disk Drive Market
- 1.4 Restraints for Global Hard Disk Drive Market
- 1.5 Opportunities for Global Hard Disk Drive Market
- 1.6 Trends for Global Hard Disk Drive Market
- 1.7 Exploded View of a Suspension Assembly
- 1.7.1 Introduction of HDD Suspension Assembly and its Components
- 1.8 Technological Advancement of HDD
- 1.9 HDD Manufacturing Process
- 1.10 PEST Analysis
- 1.11 PORTER'S Five Forces Analysis
- 1.12 Macro-Economic Factors
- 1.13 Opportunity Orbits
- 1.14 Opportunity Map Analysis
- 1.14.1 Optimistic Scenario
- 1.14.2 Likely Scenario
- Chapter 1 Global Hard Disk Drive Market Overview
Don't just take our word. We are trusted by these great companies!