Hard Disk Drive(HDD) Market Scope
The global Hard Disk Drive(HDD) market is expected to witness high demand in the forecasted period due to the increasing need for storage devices. A computer hard disk drive (HDD) is a non-volatile memory hardware device that controls the positioning, reading, and writing of the hard disk, which furnishes data storage. The hard disk drive is the main, and usually largest, data storage hardware device in a computer. The operating system, software titles, and most other files are stored in the hard disk drive.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Western Digital (United States), Seagate (United States), Toshiba (Japan), Hitachi (Japan), Intel (United States), Samsung (South Korea), Sandisk (United States), Micron (United States), Liteon (Taiwan) and Fusion-Io (United States) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Hard Disk Drive(HDD) market throughout the predicted period.
Western Digital (United States), Seagate (United States), Toshiba (Japan), Hitachi (Japan), Intel (United States), Samsung (South Korea), Sandisk (United States), Micron (United States), Liteon (Taiwan) and Fusion-Io (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kingston Digital (United States) and Corsair (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hard Disk Drive(HDD) market by Type , by Application (Personal Use, Commercial Use, Industrial Use, Government and Other) and Region with country level break-up.
On the basis of geography, the market of Hard Disk Drive(HDD) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In March 2023, Seagate Technology Holdings PLC announced plans to acquire Maxtor Corporation, a smaller HDD manufacturer focusing on the consumer market. This move strengthens Seagate's position in the consumer segment and provides access to Maxtor's intellectual property and technologies.
In November 2023, Seagate introduced its Exos X22 series, offering up to 20TB capacity and optimized for hyperscale environments and AI applications. This reinforces Seagate's focus on the high-performance enterprise market.
Influencing Trend:
Increasing Demand from Sales of USB Port Hard Disk Drives and Rising Demand for High-Speed HDD
Market Growth Drivers:
High Demand for high Storage Hard Disk Drive(HDD) and Increasing Demand for Personal Use
Challenges:
maximum capacity of HDDs is reaching its physical limits
Restraints:
The Growing Concern Regarding Damage of HDD
Opportunities:
Increasing Demand due to Online Availability and Technological Advancement Associated with HDD
Key Target Audience
Hard Disk Drive(HDD) Manufactures, Hard Disk Drive(HDD) Suppliers, Hard Disk Drive(HDD) Distributors, Government Regulatory Bodies, Government Research Organizations and Others