Name: Hard Disk Drive Market
Brand: Future Market Insights
SKU: REP-GB-4575
Price: 5000 USD
Availability: InStock
Rating: 4.8 (23 reviews)

USB 3.0 Significant Revenue Generator

USB 3.0 hard disk drives, accounting for around a third of total sales, continue to observe greater demand as compared to their other counterparts. Developers of USB 3.0 hard disk drives have been reaping maximum profits in developing regional markets, whereas the report reveals that USB 2.0 hard disk drive developers will also experience solid growth in revenues over the following years.

The study, on the other hand, also highlights strong possibilities of USB 3.1 Gen 1 and USB 3.1 Gen 2 hard disk drives exceeding the USB 2.0 counterparts in the near future, in terms of market value.

Developing Regional Markets Set for Spectacular Growth

Although North America retains its lead in the global hard disk drive market, there are strong possibilities of Western European market outpacing it in 2022. Furthermore, market in Germany will outpace that in the U.K. by 2020 end. However, the U.S. will continue to represent the most lucrative market for hard disk drive, throughout the forecast period.

Latin American and Middle East & Africa (MEA) markets will be witnessing impressive growth over the near future, exhibiting a high, double-digit growth rate, especially in Mexico and GCC countries. The market in Asia Pacific excluding Japan (APEJ), projected at over US$ 11 Bn by the end of next decade, is also representing lucrative prospects, where China and Oceania collectively account for more than 3/5th market share.

Helium HDDs Trending Performance Race

Conventional air-filled hard disk drives consume high power, which makes them relatively unsustainable in terms of their environmental impact. To tackle this concern, leading market players are introducing helium HDDs that offer enhanced sequential data transfer rates owing to overall increased areal density. Companies, including Western Digital Corporation, and Seagate Technology LLC, have launched helium HDDs (20 TB and 16 TB respectively), targeting hyperscale data centers for effective and cost-efficient handling of the ever-increasing chunks of data.

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How Growth will Unfold

Sales of USB port hard disk drives remain prominent and will be reaching the revenues beyond US$ 10 Bn by this year’s end. On the other hand, plug-in hard disk drives are set to surpass their USB port counterparts in next two years. The study also projects that E-SATA bus hard disk drives are observing the same market scenario and will register strong sales towards the end of projection period, in most of the regional markets. Market share of AC adapter hard disk drives would remain negligible throughout the forecast period.

FREQUENTLY ASKED QUESTIONS ABOUT HARD DISK DRIVE MARKET

What is the hard disk drive revenue opportunity, and how will it develop over the next decade?

In 2019, global sales of hard disk drives accounted for revenues worth over US$ 32.5 Bn, and are expected to exhibit 10.4% CAGR over the forecast period, 2019-2029.

Where will hard disk drive market have its greatest success?

Growth prospects of the hard disk drive market are high in the U.S. and EU5. While North America maintains its lead in the global market, Europe’s market is set to take over the former by 2023.

How will market vendors react to emergence of SSDs as a better alternative to HDDs?

While slower performance of HDDs compared to solid-state drives (SSDs) is largely to blame, manufacturers are leveraging technologies designed to enable the next big increase in the amount of data that can be stored in an HDD.

Which market verticals will provide the best opportunities?

Network-attached storage HDD continues to witness higher demand and investments as compared to desktop and portable HDDs. While HDD of 250 GB to 1 TB remains highly preferred among the consumers, demand for HDD of above 1 TB will grow strong going forward.

What are the macro trends that will influence the HDD market in the future?

HDD with low environmental impact, such as helium HDDs, is expected to garner significant traction in coming years, amid strong global focus on sustainability. Portability, disk size, and storage capacity will further remain key areas of innovation in the future.

Which drive interface will remain the bestselling category in the HDD market?

USB 3.0 HDD accounts for major share of manufacturers’ bottom lines, and the trend is likely to continue over the forecast period. On the other hand, sales of USB 3.1 Gen 2 HDD are set to exhibit the highest CAGR through 2029.