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Industrial SSD Market - By Interface, (SATA, SAS, PCIe, NVMe, Others), By Capacity, By Form Factor, (18”, 25”, 35”, M.2, U.2, Others), By Technology, (SLC, MLC, pSLC, 3D TLC, 3D pSLC, Others), By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.
Industrial SSD Market Overview:
Industrial SSD Market size is estimated to reach $55 billion by 2030, growing at a CAGR of 12.8% during the forecast period 2023-2030. A solid-state drive is a solid-state storage device that uses integrated circuit assemblies as memory to store data persistently. Solid-state drives outperform HDDs in terms of efficiency, reliability, and durability which is driving the demand for Industrial SSD Market. The proliferation of high-end cloud computing and the increase in data storage demand are driving up demand for SSDs from data centers. Huge amounts of data are produced every day and must be available for a number of applications.
Additionally, SSDs are mostly utilized in commercial and industrial applications, while they may also be found in some high-end laptops and portable workstations to increase performance and reliability. According to Web Tribunal, Apple recorded a 28% increase in desktop and laptop shipments in 2021. Industrial SSDs can help laptops in ways including faster data access, better system responsiveness, and increased durability thereby growing demand for SSDs in industrial applications for data storage such as data centers, manufacturing and automation etc.
Market Snapshot:
Industrial SSD Market- Report Coverage:
The “Industrial SSD Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial SSD Market.
| Attribute | Segment |
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By Interface |
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By Capacity |
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By Form factor |
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By Technology |
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By Application |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
The effects of the Covid-19 pandemic, the general economy and many industries may have changed, which could have had an impact on the need for industrial SSDs. Lockdowns and decreased consumer spending during the early phases of the epidemic resulted in lower demand for several industries, like automobile and aerospace.
Similar to many other technological industries, the worldwide SSD market has seen supply chain interruptions as a result of lockdowns, travel restrictions, and factory closings. Manufacturing delays, component shortages, and a reduction in production capacity could have resulted from these disruptions.
The invasion of Ukraine by Russia in 2022, caused global disruptions in the markets around the world, negative effects are anticipated, particularly in Eastern Europe, the European Union, Eastern & Central Asia, and the United States. This claim has significantly disrupted trade dynamics and had a negative impact on people's lives and means of subsistence. It is anticipated that the ongoing conflict and unpredictability in Eastern Europe will negatively affect Ukraine and have severe, long-lasting impacts on Russia. Implications for the global solid state drive market's short-term outlook, pressure on pricing variations, impact on import/export and trading, and implications for demand-supply balances.
Key Takeaways:
Highest Share of North America Region
Geographically, in the global Industrial SSD Market share, North America is analyzed to grow with the highest share of 32% in 2022. The need for industrial SSDs is expected to increase as major companies in North America adopt the most powerful SSDs to offer cutting-edge storage solutions to a variety of industries. Storage is a crucial component of IT infrastructure, and businesses regularly utilize SSDs to enhance their data storage and retrieval capabilities. American firms are increasing their investment on IT infrastructure to gain a competitive edge and increase efficiency. The Green Infrastructure Network will require both public and private investment, according to CDP 2021, and will cost the private sector between US$70 and US$140 million. There has been a significant push for the use of SSDs in IT infrastructure equipment in order to reduce time, speed up data transfer, and achieve high performance.
TLC Segment to Register the Highest Market Share
In the Industrial SSD Market Analysis, the TLC segment is estimated to grow with the highest CAGR of 13.2% during the forecast period 2023-2030. SSDs employ the NAND flash memory technology known as Triple-Level Cell (TLC). Compared to Single-Level Cell (SLC) and Multi-Level Cell (MLC) technologies, it offers better storage capacity at a lower cost by storing three bits of data per cell. Over the course of the forecast, the tendency is anticipated to persist. The segment's expansion can be attributable to elements like the increasing use of TLC Planar in industrial applications because of its low cost and high storage density as well as the rapid advancements in 3D NAND technology.
SATA Segment to Register the Highest Market Share
In the Industrial SSD Market Analysis, the SATA segment is estimated to grow with the highest CAGR of 12.9% during the forecast period 2023-2030. According to Web Tribunal, A 14.6% annual growth was seen in 2021 as 341,053 PCs were shipped globally by companies as these PCs are widely used for data storage purposes. Owing to this sector's numerous benefits, affordable design, and rising demand for SATA interface in a variety of applications, including data centers, laptops, and PCs, it is anticipated that the segment will maintain its market leadership throughout the projected period.
It's important to consider that the development of SATA SSDs may have been influenced by a number of variables, including the expanding availability and cost of NVMe SSDs, the shifting technological landscape, and the particular needs of various industries as these technological advancements are boosting the SATA segment during the forecast period.
An Increase in the Use of SSDs in Data Centers.
The demand for SSDs from data storage centers has been driven by the rise in demand for data storage and the adoption of high-end cloud computing. Every day, enormous volumes of data are produced and need to be accessible for a variety of applications. As a result, SSDs have an advantage for cutting-edge, quick applications because of their high speed and low power consumption.
According to 209 data center transactions totaling more than $48 billion were made in 2021, an increase of over 40% from 2020 growth of these increased data centers are fueling the growth of the industrial SSDs market. The market is expected to be driven by the expansion of cloud computing platforms among several businesses and consumers for personal use to back up their data. Major cloud computing market participants are boosting their use of these drives for fast data access and high-speed work processes.
Advantages of SSDs over HDDs.
Compared to HDDs, SSDs operate much more quickly. Since they have essentially zero search time, they can retrieve data almost immediately. As a result, the system performs more smoothly overall and boots up quickly. It also starts applications more quickly. Comparing SSDs with HDDs, the former offers significantly faster data transfer rates. As a result of SSDs' constantly faster read and write speeds, this is especially apparent when transferring or copying huge files.
Compared to HDDs, SSDs are more durable and resistant to physical shocks, vibrations, and high temperatures. Since SSDs don't include any moving components, they are less prone to mechanical failure, which is a problem that frequently affects HDDs. SSDs use less energy than HDDs, which can result in laptop batteries lasting longer and desktop computers using less energy. This is crucial for mobile devices in particular.
Design Complexity is a major market challenge.
People are simultaneously becoming more and more familiar with SSDs, and with this growing demand comes high expectations for a wide range of capabilities and functionalities. Solid-state storage industry manufacturers face difficulty in terms of design considerations in order to match customer expectations.
Different characteristics, including performance, reliability, longevity, security, and flexibility, are connected to SSD design. The host interface and the flash interface require precise synchronization to achieve the appropriate performance, which occasionally necessitates the use of parallelism for multiple-die programming. Another important factor in controlling performance and write speed is temperature control. Additionally, the controllers had to be created in accordance with the various traits of flash memory, which are employed to create SSDs. Page block size, spare area, response time, and other aspects vary between each flash memory.
Industrial SSD Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Industrial SSD Market. The top 10 companies in this industry are listed below:
- Intel Corp. (Intel)
- Micron Technology Inc. (Micron)
- Samsung Electronics Co. Ltd. (Samsung)
- Sandisk Corp. (SanDisk)
- Toshiba Corp (Toshiba)
- LITEON Technology (LITE-ON)
- Western Digital Technologies, Inc. (Western Digital)
- Kingston Technology Corporation (kingston)
- Microsemi Corporation (Microsemi)
- Viking Technology (Viking Technology)
Scope of Report:
| Report Metric | Details |
|---|---|
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
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CAGR |
12.8% |
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Market Size in 2030 |
$55 billion |
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Segments Covered |
Type, Capacity, Form Factor, Technology, Application, Geography |
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Geographies Covered |
North America, South America, Europe, APAC, Middle East & Africa |
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Key Market Players |
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1. Industrial SSD Market- Overview
1.1. Definitions and Scope
2. Industrial SSD Market- Executive Summary
3. Industrial SSD Market- Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Industrial SSD Market- Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Industrial SSD Market– Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Industrial SSD Market- Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Industrial SSD Market– Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Industrial SSD Market– by Interface (Market Size – $Million/$Billion)
8.1. SATA
8.2. SAS
8.3. PCIE
8.4. NVMe
8.5. Others
9. Industrial SSD Market– by Capacity (Market Size – $Million/$Billion)
9.1. <250 GB
9.2. 250 GB to <500 GB
9.3. 500 GB to <750 GB
9.4. 750 GB to 1TB
9.5. 1TB to 2TB
9.6. Above 2TB
10. Industrial SSD Market– by Form Factor (Market Size – $Million/$Billion)
10.1. 18”
10.2. 25”
10.3. 35”
10.4. M.2
10.5. U.2
10.6. Others
11. Industrial SSD Market– by Technology (Market Size – $Million/$Billion)
11.1. SLC
11.2. MLC
11.3. pSLC
11.4. 3D TLC
11.5. 3D pSLC
11.6. Others
12. Industrial SSD Market– by Application (Market Size – $Million/$Billion)
12.1. Desktop PCS
12.2. Notebooks/Laptops
12.3. Tablets
12.4. Data Centers
12.5. Entertainment Devices
12.6. Video Storage
12.7. Others
13. Industrial SSD Market– by Geography (Market Size – $Million/$Billion)
13.1. North America
13.1.1. U.S
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. Germany
13.2.2. France
13.2.3. UK
13.2.4. Italy
13.2.5. Spain
13.2.6. Belgium
13.2.7. Netherlands
13.2.8. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. Japan
13.3.3. South Korea
13.3.4. India
13.3.5. Australia & New Zealand
13.3.6. Indonesia
13.3.7. Malaysia
13.3.8. Taiwan
13.3.9. Rest of Asia-Pacific
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of The World
13.5.1. Middle East
13.5.2. Africa
14. Industrial SSD Market– Entropy
15. Industrial SSD Market– Industry/Segment Competition Landscape Premium
15.1. Market Share Analysis
15.1.1. Market Share by Product Type – Key Companies
15.1.2. Market Share by Region – Key Companies
15.1.3. Market Share by Country – Key Companies
15.2. Competition Matrix
15.3. Best Practices for Companies
16. Industrial SSD Market– Key Company List by Country Premium
17. Industrial SSD Market- Company Analysis
17.1. Company 1
17.2. Company 2
17.3. Company 3
17.4. Company 4
17.5. Company 5
17.6. Company 6
17.7. Company 7
17.8. Company 8
17.9. Company 9
17.10. Company 10
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The Industrial SSD Market is projected to grow at XX% CAGR during the forecast period 2023-2030.
Global Industrial SSD Market size is estimated to be $XX billion in 2023 and is projected to reach $XX billion by 2030.
The leading players in the Industrial SSD Market are Intel Corp., Micron Technology Inc., Samsung Electronics Co. Ltd., SanDisk Corp., Toshiba Corp. and others.
Growing industrial applications, growing technology advancements are some of the major Industrial SSD Market trends in the industry which will create growth opportunities for the market during the forecast period.
An Increase in the Use of SSDs in Data Centers, Advantages of SSDs over HDDs, Growing Demand for data storage devices are the driving factors of the market.