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Solid State Drive (SSD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global solid state drive (SSD) market reached a value of US$ 37.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 95.51 Billion by 2027, exhibiting a growth rate (CAGR) of 15.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global solid state drive (SSD) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, interface, form factor, storage and application.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Interface, Form Factor, Storage, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Solid State Drive Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Solid State Drive Market: Breakup by Type (in %), 2021
Figure 5: Global: Solid State Drive Market: Breakup by Interface (in %), 2021
Figure 6: Global: Solid State Drive Market: Breakup by Form Factor (in %), 2021
Figure 7: Global: Solid State Drive Market: Breakup by Storage (in %), 2021
Figure 8: Global: Solid State Drive Market: Breakup by Application (in %), 2021
Figure 9: Global: Solid State Drive Market: Breakup by Region (in %), 2021
Figure 10: Global: Solid State Drive (External) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Solid State Drive (External) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Solid State Drive (Internal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Solid State Drive (Internal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Solid State Drive (SATA) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Solid State Drive (SATA) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Solid State Drive (SAS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Solid State Drive (SAS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Solid State Drive (PCIe) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Solid State Drive (PCIe) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Solid State Drive (1.8”/2.5”) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Solid State Drive (1.8”/2.5”) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Solid State Drive (3.5”) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Solid State Drive (3.5”) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Solid State Drive (M.2) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Solid State Drive (M.2) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Solid State Drive (U.2 (SFF 8639)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Solid State Drive (U.2 (SFF 8639)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Solid State Drive (FHHL and HHHL) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Solid State Drive (FHHL and HHHL) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Solid State Drive (Under 500 GB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Solid State Drive (Under 500 GB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Solid State Drive (500 GB–1 TB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Solid State Drive (500 GB–1 TB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Solid State Drive (1 TB–2 TB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Solid State Drive (1 TB–2 TB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Solid State Drive (Above 2 TB) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Solid State Drive (Above 2 TB) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Solid State Drive (Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Solid State Drive (Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Solid State Drive (Client) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Solid State Drive (Client) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Solid State Drive (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Solid State Drive (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: North America: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: North America: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: United States: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: United States: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Canada: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Canada: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Asia-Pacific: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Asia-Pacific: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: China: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: China: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Japan: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Japan: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: India: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: India: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: South Korea: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: South Korea: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Australia: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Australia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Indonesia: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Indonesia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Europe: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Europe: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Germany: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Germany: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: France: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: France: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: United Kingdom: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: United Kingdom: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Italy: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Italy: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Spain: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Spain: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Russia: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Russia: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Latin America: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Latin America: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Brazil: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Brazil: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Mexico: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Mexico: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Middle East and Africa: Solid State Drive Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Middle East and Africa: Solid State Drive Market: Breakup by Country (in %), 2021
Figure 92: Middle East and Africa: Solid State Drive Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Solid State Drive Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Solid State Drive Market Forecast: Breakup by Interface (in Million US$), 2022-2027
Table 4: Global: Solid State Drive Market Forecast: Breakup by Form Factor (in Million US$), 2022-2027
Table 5: Global: Solid State Drive Market Forecast: Breakup by Storage (in Million US$), 2022-2027
Table 6: Global: Solid State Drive Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: Solid State Drive Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Solid State Drive Market: Competitive Structure
Table 9: Global: Solid State Drive Market: Key Players


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Key Questions Answered in This Report

The global solid state drive (SSD) market was valued at US$ 37.6 Billion in 2021.

We expect the global solid state drive (SSD) market to exhibit a CAGR of 15.60% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for Solid State Drive (SSD).

The rising instances of cyberattacks, along with the increasing utilization of Solid State Drive (SSD) for eliminating mechanical failures and enhancing the overall operational performance, are primarily driving the global solid state drive (SSD) market.

Based on the interface, the global solid state drive (SSD) market has been segmented into SATA, SAS, and PCIe. Currently, SATA holds the majority of the total market share.

Based on the form factor, the global solid state drive (SSD) market can be divided into 1.8”/2.5”, 3.5”, M.2, U.2 (SFF 8639), and FHHL and HHHL. Among these, 1.8”/2.5” exhibits a clear dominance in the market.

 

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global solid state drive (SSD) market include 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.

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