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Solid State Drive Market by Form Factor, Interface, Technology, End-user And Geography - Global Forecast to 2023

Solid State Drive Market: Global Forecast until 2023

  • October 2017
  • 162 pages
  • ID: 5160306
In this report:
The client solid state drive market for SATA interface registered a shipment of ##.## million units in 2016 and is expected to decline to ##.## million units by 2023, at a CAGR of (##.##%) during the forecast period.
The solid state drive market for ##.##" in North America registered a shipment of ##,##.## thousand units in 2016 and is expected to decline to ##.## thousand units by 2023, at a CAGR of (##.##%) during the forecast period.


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"Solid state drive market is estimated to rise at a compound annual growth rate of ~14.7 percent between 2017 and 2023"

The solid state drive market has entered its increase phase and is anticipated to grow further in the next years. The sector for solid state drive is likely to be valued at 26.47 billion in 2017 and ~$60.2B by 2023, at a compound annual growth rate (CAGR) of ~14.7 percent between 2017 and 2023. The drivers for this sector are the growing penetration of high-end cloud computing, increasing adoption of SSDs in data centers, and advantages of SSDs over HDDs. The main restraints for this industry are inconsistency in low-rate latency suggested by SSDs and the high cost of SSDs.

"Market for PCIe interface SSD intended to grow at the maximal compound annual growth rate (CAGR) during the outlook period"

The industry for PCIe interface SSD is anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period. This is due to the advantages provided by PCIe including high speed, enhanced performance scaling, and exhaustive error detection and reporting over other interfaces. The market demand for PCIe interface is increasing quickly in the solid state drive market as a result of its advanced features including low latency and high performance.

"1.8"/2.5" form factor based solid state drive market recorded for the biggest share in 2016"

2.5" SSD comes at a low cost per IO than all other form factors. 2.5'' form factor supports all types of interfaces including SATA, SAS, and PCIe. 2.5" SSD is an effective form factor considering all its features including ruggedness, scalability, serviceability, and others and is anticipated to be adopted on a big scale during the outlook period.

"Market for TLC 3D forecasted to grow at the highest compound annual growth rate (CAGR) during the estimate period"

3D TLC has emerged, wherein the cells are stacked vertically on top of one another. 3D TLC affords larger densities than planar TLC. It also consumes less power to program flash memory, thereby improving durability. For example, Samsung's second-generation 3D TLC NAND is characterized by 20K P/E cycles. Also, the page program time is a main parameter that determines write performance. Samsung's second-generation 3D TLC NAND decreases tPROG by 50.0 percent compared to planar TLC NAND, making it faster than planar TLC.

"Asia-Pacific is anticipated to be the quickest developing market for solid state drives during the outlook period"

The quickly increasing consumer electronics market and the rising adoption of SSDs in electronic devices is anticipated to boost the solid state drive market in Asia-Pac. Also, China's semiconductor giants including Huawei Technologies and Tsinghua Uni Group, and Taiwanese companies including Mediatek focus on the development of SSD controllers, which would further help growth the industry demand for SSDs.

Key players' distribution profiles:

• By Organization: Tier 1 = 25 %, Tier 2 = 55.0 percent, and Tier 3 = 20.0 percent

• By Description: C-suite executives = 30.0 percent, Directors = 30.0 percent, and Others = 40.0 percent

• By Area: North America continent = 45.0 percent, EU = 17.0 percent, Asia-Pacific = 30.0 percent, and RoW = 8.0 percent

Segment Research

The study segments in the solid state drive market report contain: interface-SATA, SAS, and PCIe; form factor-1.8"/2.5", 3.5", M.2, U.2 (SFF 8639), FHHL, and HHHL; and technology-SLC, MLC Planar, MLC 3D, TLC Planar, and TLC 3D. The study also includes end-user sectors and geographic forecast of the market size for various parts with regard to 4 main regions-North America, Europe (EU), Asia-Pac, and RoW.

Why acquiring this study can help you

The study would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the solid state drive market comprehensively and offers the closest approximations of the global market size and those of the subsegments across distinct applications and localities.

2. The analysis contributes the in-depth study of the solid state drive market with the help of competitive leadership mapping and value chain study containing top firms in the sector and their relations in the ecosystem.

3. The market research benefits partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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