Hard Disk Drive Sales to Expand over 2X Through 2029
Hard disk drives (HDDs) continue to witness massive innovation since their inception, about seven decades ago. While the sales of hard disk drives observe healthy expansion majorly on the back of rising demand for long-term high-capacity data backup and archiving solutions, this new study offers assessment of the various other factors that would push and/or pull the hard disk drive market over the course of the following decade. Exhibiting a double-digit CAGR, the global hard disk drive market revenues will more than double between 2019 and 2029.
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.
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.
* This data is only a representation. Actual data may vary and will be available in report.
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.
Network-attached storage HDD remains highly preferred
Portable HDD gaining traction
High demand for 250 GB to 1TB
Demand for above 1 TB to garner traction
USB 3.0 remains sought-after
USB 3.1 Gen 2 to pick pace
Sales of USB port remain bullish
Demand for e-SATA bus accelerates
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.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Hard Disk Drive Market Analysis 2019 - 2029
A recent market study published by FMI on the hard disk drive market includes global industry analysis for 2014-2018 and forecast for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, growth prospects of this market are obtained with maximum precision.
Hard Disc Drive Market Taxonomy
The global Hard Disk Drive market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Desktop HDDs
- Portable HDDs
- Network-attached Storage HDDs
- Less than 250 GB
- 250 GB to 1TB
- Above 1 TB
- USB 3.0.
- USB 2.0.
- USB 3.1 Gen 1
- USB 3.1 Gen 2
- AC Adapter
- USB Port
- e-SATA Bus
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East and Africa
The report initiates with the executive summary of the hard disk drive market, which includes a summary of key findings and statistics of the market. It also includes the demand and supply-side trends pertaining to this market.
Readers can find the definition and a detailed taxonomy of the hard disk drive market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to hard disk drive types and their properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the hard disk drive market report.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the Hard Disk Drive market over the forecast period. Along with macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis of the Hard Disk Drive market. Moreover, in-depth information about market dynamics and their impact analysis on the market have been provided in the successive section.
This section explains the value and volume analysis for the global hard disk drive market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical hard disk drive market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
Based on drive type, the hard disk drive market is segmented into Desktop HDDs, Portable HDDs and Network-attached Storage HDDs. In this chapter, readers can find information about key trends and developments in the Hard Disk Drive market and market attractiveness analysis.
Based on storage capacity, the hard disk drive market is segmented into Less than 250 GB, 250 GB to 1TB and Above 1 TB. In this chapter, readers can find information about developments and key trends in the hard disk drive market.
Based on drive interface, the hard disk drive market is segmented into USB 3.0, USB 2.0, USB 3.1 Gen 1, USB 3.1 Gen 2, Ethernet and Others. In this chapter, readers can find information about key trends and developments in the hard disk drive market and market attractiveness analysis.
Based on power source, the hard disk drive market is segmented into AC Adapter, USB Port, e-SATA Bus and Plug-in. In this chapter, readers can find information about developments and key trends in the hard disk drive market.
This chapter explains how the hard disk drive market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia-Pacific excluding Japan), Japan, and the Middle East & Africa.
This chapter includes a detailed analysis on the growth of the North America hard disk drive market, along with a country-wise assessment in the U.S. and Canada. Readers can also find pricing analysis, regional trends, volume analysis, and market growth based on component, Power Source, and countries in North America.
This chapter provides the growth scenario of the hard disk drive market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the hard disk drive market in several countries such as Germany, the UK, France, Spain, Italy, BENELUX, and the rest of Western Europe are included in this chapter.
This chapter provides the growth scenario of the hard disk drive market in Eastern Europe countries such as Russia, Poland, and the rest of the Eastern Europe.
This chapter highlights the growth of the hard disk drive market in APEJ by focusing on China, Australia, Singapore, Thailand, Indonesia, Malaysia, South Korea, and Rest of APEJ. This section also help readers understand key factors that are responsible for the growth of the Hard Disk Drive market in APEJ.
This section also help readers understand key factors that are responsible for the growth of the hard disk drive market in Japan.
This chapter provides information about how the hard disk drive market will grow in major countries in the Middle East & Africa region, such as Israel, Turkey, Northern Africa, South Africa, and rest of Middle East & Africa, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the hard disk drive market, along with their market position analysis.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the hard disk drive market, along with the detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent developments. Some of the market players featured in the report are Western Digital Corporation, Seagate Technology LLC, Toshiba, Transcend Information, Inc., ADATA Technology Co., Ltd., Hewlett Packard Enterprise Development LP, and Buffalo Americas, Inc.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the hard disk drive market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the hard disk drive market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Sales Executives
- Technical Advisor
- Hard Disk Drive Solution Providers
- Industry Experts
- Power Sources
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Company’s white papers
- Annual Reports and Investor Presentations
- Research Papers
- Company Press Release
- Government Websites and Publications
Primary Interview Splits