Solid State Drives Market Global Analysis, Key Players, Types and Applications by 2023
According to the new research report "Solid State Drive (SSD) Market by Form Factor (2.5", 3.5", M.2, U.2/SFF 8639, FHHL/HHHL), Interface (SATA, SAS, PCIe), Technology (SLC, MLC, TLC), End-user (Enterprise, Client, Industrial, Automotive), and Geography - Global Forecast to 2023", the solid state drive market is expected to be worth USD 26.47 Billion in 2017 and USD 60.22 Billion by 2023, at a CAGR of 14.68% between 2017 and 2023. The growth of this market is mainly driven by the increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and advantages of SSDs over HDDs.
The market for SATA interface–based solid state drive accounted for the largest market in 2016. The large market of SATA interface solid state drive is mainly attributed to low-cost interface design. SATA interface also offers lower cable size and cost, faster data transfer through higher signaling rates, and more efficient transfer through an I/O queuing protocol, lower cable size and cost, faster data transfer through higher signaling rates, and more efficient transfer through an I/O queuing protocol.
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The market for half height, half length (HHHL); or; even bigger form factor; full height, half length (FHHL) is expected to grow at the highest rate during the forecast period. These form factors offer high performance as PCIe bus (with direct contact) offers a very low latency. The solid state drive market for TLC Planar held the largest market in 2016. With the shift in the usage of technology from SLC to MLC and from MLC to TLC, the price per GB of SSDs becomes cheaper. Therefore, TLC offers the cheapest solutions among all other technologies, along with high storage density. This leads to the increasing adoption of TLC SSDs in consumer applications such as notebooks, tablets, and others.
The solid state drive market in automotive is expected to grow at the highest rate during the forecast period. The increasing demand for automotive infotainment systems and next-generation connected cars is expected to boost the growth of the solid state drive market, as connected car applications require high-performance graphics, communications, and data storage, and SSDs meet all of these requirements. SSD is a flash storage solution that enables reliable, high-performance storage in a wide range of in-vehicle applications such as 3D mapping and advanced augmented reality in navigation systems, entertainment systems, intuitive driver-assist technology, and data event recorders.
Market for half height, half length (HHHL); or; even bigger form factor; full height, half length (FHHL) form factor–based solid state drive is expected to grow at the highest rate during the forecast period
Most of the PCIe SSDs are manufactured in form factors such as half height, half length (HHHL); or; even bigger form factor; full height, half length (FHHL). The market for PCIe interface is expected to dominate the use of all other available interfaces owing to high speed and enhanced performance scaling. Therefore, the market for FHHL and HHHL is expected to grow at the highest CAGR during the forecast period
Solid state drive market in enterprise held the largest size in 2016
An increasing number of enterprise applications require high performance storage, constant uptime, high throughput, power efficiency, and high reliability; SSDs meet all these requirements of enterprise applications, thereby creating enterprise data centers more dynamic. SSDs for data centers offer high speed, mass volume, and energy-efficient hierarchical storage. SSDs based on the non-volatile memory technology are widely used for mass storage and high-functionality storage. Also, the PCIe interface used in SSDs is a high-speed bus interface that provides enterprise systems with a high data-transfer speed, which helps companies manage heavy workloads with high reliability and efficiency.
North America accounted for the largest share of the solid state drive market in 2016
North America is a key market for notebooks, laptops, and tablets. With more emphasis on speeding up data transfer, the dynamics of computing has changed for notebook, tablet, and laptop developers in this region; hence, there has been a strong push for using SSDs in these devices to save time, speed up data transfer, and achieve high-performance level. In addition, the replacement rate of traditional hard disk drives with SSDs is high in North America.
Samsung (South Korea), Intel (US), Western Digital (US), Micron (US), and Toshiba (Japan) are the major players included in the report with market share analysis. The report also covers various innovators involved in the solid state drive market. Viking (US), Adata (Taiwan), Foremay (US), BiTMICRO Networks (US), and Crossbar (US) are a few innovators in the solid state drive market that offer disruptive products. Also, Diablo Technologies (Canada) and Violin Memory (US) are a few emerging companies in the market.
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