Hard Disk Drive Market

A hard disk drive, commonly known as a hard disk or hard drive, is an electromechanical data storage device. It allows users to retrieve and store data in digital form with the use of magnetic storage and rigid rapidly rotating platters. Hard disk drives are non-volatile storage type designed to retain stored data even after being powered off. In HDDs, data is accessed in random-access manner, which enables individual blocks of data to be stored and retrieved in any order. Hard disk drives are majorly characterized by their capacity and performance.

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The significant factor driving the growth of the global hard disk drive market is the increasing demand for data storage facilities in various enterprises. Hard disk drive manufacturers are investing in technological advancements to offer more efficient and reliable data storage facilities. Moreover, ICT and telecom industries are increasing spending on their research & development activities associated with the digital transformation. Manufacturers have developed helium hard disk drives to offer higher sequential data transfer rates with advanced areal density. It also reduced the demand for air-filled hard disk drives, as they are expensive, extremely unstable, and harmful to the environment. These advancements are likely to surge the growth of the global hard disk drive market. The Covid-19 pandemic has given a substantial rise to the demand for hard disk drive by various enterprises owing to the increase in digital working operations. This rising adoption plays a significant role in propelling the growth of the global hard disk drive market.

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Based on the drive type, the market is segmented into portable HDDs, desktop HDDs, and network-attached storage HDDs. The network-attached storage HDDs segment is anticipated to witness a faster CAGR over the forecast market. The primary reason for the growth of this segment is the increasing adoption of 4G and 5G network technologies. Moreover, the growing use of smartphones, tablets, and laptops is creating a high volume of digital data. These factors are responsible for the growth of the network-attached storage HDDs in the global hard disk drive market.

Based on the drive interface, the market is segmented into USB 3.0, USB 2.0, USB 3.1 Gen1, USB 3.1 Gen2, ethernet, and others. The USB 3.0 segment is projected to grow at a higher CAGR during the forecast period owing to the transformation from USB 2.0 to USB 3.0 in developing countries. USB 3.0 offers a higher transfer rate to match new devices and usages at a low-cost. It has a dynamically attached interface, which is consistent with the requirements of PC platforms. These features are likely to grow the USB 3.0 segment in the global hard disk drive market.

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Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR over the forecast period. This is attributed to the presence of a large number of hard disk drive manufacturing firms due to the availability of raw materials and inexpensive labor in China. Japan is also offering significant opportunities to vendors that are operating in the hard disk drive market. These initiatives are surging the growth of the hard disk drive market in Asia-Pacific.

Various notable players operating in the market include Western Digital Corporation, Toshiba, Seagate Technology LLC, Transcend Information, Inc., Hewlett Packard Enterprise Development LP, ADATA Technology Co., Ltd., Buffalo Americas, Inc., Intel Corporation, Micron Technology, Inc., and Kingston Technology Company, Inc., among others. 

Key Developments:

• In 2020, Toshiba launched its MG08-D series hard disk drives. It is designed for a broad variety of business-critical applications, including email and Customer Resource Management (CRM), small-medium business servers, data retention & compliance archiving, and data analysis for business intelligence.
• In 2020, Seagate Technology announced to launch its first hard drives with a heat-assisted magnetic recording (HAMR), which will have a storage capacity of 20TB, increasing data density per platter and making it simpler to write data to smaller areas on the hard drive.
• In 2019, Transcend Information launched StoreJet 25M3C, which is the latest USB Type-C portable hard drive. It enables users to back up and store their files at superior speed and a ruggedized three-stage shock protection system, meeting US military drop-test standards.

The global hard disk drive market has been segmented on the basis of drive type, storage capacity, drive interface, power source, and regions. Based on drive type, the market is segmented into portable HDDs, desktop HDDs, and network-attached storage HDDs. Based on storage capacity, the market is segmented into less than 250GB, 250GB – 1TB, and above 1TB. Based on drive interface, the market is segmented into USB 3.0, USB 2.0, USB 3.1 Gen1, USB 3.1 Gen2, ethernet, and others. Based on Power Source the market is segmented into small facility, AC adapter, USB port, eSATA bus, and plug-in. Based on region, the global hard disk drive market is segmented into North America, Europe, Asia-Pacific, and RoW. 

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Key questions answered in this research report:

• • At what pace is global hard disk drive market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in hard disk drive market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global hard disk drive market?
  • Which drive type generated maximum revenues in 2019 and identify the most promising drive type during the forecast period?
  • What are the various storage capacity areas of global hard disk drive market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Hard Disk Drive Market by Drive Type

• • Portable HDDs
  • Desktop HDDs
  • Network-Attached Storage HDDs

Global Hard Disk Drive Market by Storage Capacity

• • Less Than 250GB
  • 250GB – 1TB
  • Above 1TB

Global Hard Disk Drive Market by Drive Interface

• • USB 3.0
  • USB 2.0
  • USB 3.1 Gen1
  • USB 3.1 Gen2
  • Ethernet
  • Others

Global Hard Disk Drive Market by Power Source

• • Small Facility
  • AC Adapter
  • USB Port
  • eSATA Bus
  • Plug-in

Global Hard Disk Drive Market by Region

• • North America Hard Disk Drive Market (Option 1: As a part of the free 25% customization)
    • North America Hard Disk Drive Market by Drive Type
    • North America Hard Disk Drive Market by Storage Capacity
    • North America Hard Disk Drive Market by Drive Interface
    • North America Hard Disk Drive Market by Power Source
    • US Hard Disk Drive Market All-Up
    • Canada Hard Disk Drive Market All-Up
  • Europe Hard Disk Drive Market (Option 2: As a part of the free 25% customization)
    • Europe Hard Disk Drive Market by Drive Type
    • Europe Hard Disk Drive Market by Storage Capacity
    • Europe Hard Disk Drive Market by Drive Interface
    • Europe Hard Disk Drive Market by Power Source
    • UK Hard Disk Drive Market All-Up
    • Germany Hard Disk Drive Market All-Up
    • France Hard Disk Drive Market All-Up
    • Spain Hard Disk Drive Market All-Up
    • Rest of Europe Hard Disk Drive Market All-Up
  • Asia-Pacific Hard Disk Drive Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Hard Disk Drive Market by Drive Type
    • Asia-Pacific Hard Disk Drive Market by Storage Capacity
    • Asia-Pacific Hard Disk Drive Market by Drive Interface
    • Asia-Pacific Hard Disk Drive Market by Power Source
    • China Hard Disk Drive Market All-Up
    • India Hard Disk Drive Market All-Up
    • Japan Hard Disk Drive Market All-Up
    • Rest of APAC Hard Disk Drive Market All-Up
  • RoW Hard Disk Drive Market (Option 4: As a part of the free 25% customization)
    • RoW Hard Disk Drive Market by Drive Type
    • RoW Hard Disk Drive Market by Storage Capacity
    • RoW Hard Disk Drive Market by Drive Interface
    • RoW Hard Disk Drive Market by Power Source
    • Brazil Hard Disk Drive Market All-Up
    • South Africa Hard Disk Drive Market All-Up
    • Saudi Arabia Hard Disk Drive Market All-Up
    • UAE Hard Disk Drive Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Hard Disk Drive Market All-Up

Major Players Operating in the Hard Disk Drive (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Western Digital Corporation
  • Toshiba
  • Seagate Technology LLC
  • Transcend Information, Inc.
  • Hewlett Packard Enterprise Development LP
  • ADATA Technology Co., Ltd.
  • Buffalo Americas, Inc.
  • Intel Corporation
  • Micron Technology, Inc.
  • Kingston Technology Company, Inc.