Solid State Drives Market Forecast to 2029

New York, 24 Feb. 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Solid State Drives Market Forecast to 2029 – COVID-19 Impact and Global Analysis By Type; Technology; Storage; End-User and Geography” – https://www.
In 2020, North America held the largest share of the global SSD market.

However, Europe is the fastest growing region. G.SKILL International Enterprise Co., Ltd. ; Silicon Power Computer & Communications Inc.; Hangzhou Hikstorage Technology Co., Limited; Western Digital Corporation; and Kingston Technology Europe Co LLP are some of the prominent players operating in the SSD market.

Rise in the utility of SSDs globally and advancements in the integration of next-generation technologies such as artificial intelligence in the industrial sector are further driving the market. Monoblock SSDs reduce the size of IoT (Internet of Things) devices.

Due to distinct rules, standards, regulations and policies of different countries, trade barriers in this market can act as a restraining factor to some extent. Among all the regions, the North American region is rapidly adopting all the latest technological advancements in the electronics and semiconductor industry.

Major countries in the North American region like USA, Canada and Mexico are finding wide usage of SSD in many fields such as networking, telecom, industrial, automotive, aerospace, defense and consumer electronics. Most Asia-Pacific countries are still in developing countries and not as developed as western countries.

However, with the growth in disposable income, the demand for vehicles and consumer electronics is expected to increase significantly in various countries such as Bangladesh, India, Malaysia, China, and the Philippines. This leads to the requirement of a respective SSD needed in vehicles, personal computers, laptops, tablets, notebooks, portable smart devices, etc.

The rapidly growing media and entertainment industry in Asia-Pacific is contributing significantly to the growth of the market. The COVID-19 pandemic has impacted production operations; however, SSD demand for connective medical devices remained intact.

Since the last quarter of 2020, the supply chain has started to recover. The SSD market is expected to witness notable growth across the globe in the coming years.

The SSD market is segmented on the basis of type, condition, material, range, and application. Based on type, the SSD market is segmented into internal and external.

In terms of technology, the SSD market is segmented into single-tier cell, multi-tier cell, and tri-tier cell. Based on storage, the SSD market is segmented into under 500GB, 500GB-1TB, 1TB-2TB, and above 2TB.

In terms of end user, the SSD market is segmented into industrial, enterprise, and consumer.

Innovations in Critical SSD Components

For decades, hard disk drives (HDDs) have been the standard storage technology on personal computers and servers. Solid state drives have become increasingly popular in recent years.

SSDs have several advantages over traditional storage media that have propelled them to the forefront of the storage business. Moreover, the pace of innovation shows no signs of slowing down.

When SSDs were originally released, they were limited by the SATA protocol, which prevented them from reaching their full potential. The PCIe interface followed, which was created specifically to connect high-speed components such as graphics cards and SSDs.

The use of non-volatile memory host controller interface specification is the most recent trend in Non-volatile Memory Express (NVMe) PCIe SSDs. NVMe is a high-speed storage communication standard that runs on top of PCIe.

It enables SSDs to be fully utilized by hardware and new generations of compute-intensive applications. The ball grid array (BGA) SSD, which is nearly 100 times smaller than a 2.5″ SSD, is one of the most important developments in the SSD form factor. BGA devices, which are the size of ‘pad, are soldered directly to the motherboard. BGA devices take advantage of their small size to compensate for the fact that they cannot be removed, which means they cannot be upgraded to the future. Due to their compact size, they are ideal for ultra-portable devices where space is limited. They are also found in the gadget category when expandability is not as important as the physical characteristics of the device. device. In addition, BGA SSDs are blazing fast. For example, Samsung’s PM971 BGA SSD, which offers capacities ranging from 32 GB to 512 GB, can read data at 1500 MB/s and write at 900 MB/s. NVMe will continue to increase its reach and will soon become the dominant storage interface in the future close. Simultaneously, BGA NVMe SSDs are expected to break out on two levels – they will offer more storage space while expanding their reach to include additional consumer gadgets, wearables and wearables.

G.SKILL International Enterprise Co., Ltd. ; Silicon Power Computer & Communications Inc.; Hangzhou Hikstorage Technology Co., Limited; Western Digital Corporation; and Kingston Technology Europe Co LLP. are some of the major players operating in the global SSD market.
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