Hard Disk Drive Market Overview
The main data storage hardware device capable of storing large amounts of data is referred to as a hard disc. The global hard disc drive market is expected to rise throughout the analyzed period because of the growing need for cloud computing. There has been increased use in various enterprise applications and cloud storage, paving the way for the global hard disk market to flourish over the forecast period. Furthermore, consistent laptop sales are likely to become an essential component in increasing the shipment and sale of hard disks in the next years. In addition to this, the need for internet protocol traffic in public data centers is likely to grow in the coming years, with the volume of data expected to triple. This aspect is projected to increase data storage demand, resulting in the development of the global hard disc drive market in the forecast period.
On the other side, manufacturers in the HDD market have been facing some stiff competition from the arrival of new technological developments in storage devices over the years. The increasing complexity of the processes that must be done in computers has propelled the industry's shift to solid-state drives (SSDs). Nonetheless, the high price of SSDs is a key hurdle to replacing HDDs entirely with SSDs.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Drive, Storage Capacity, Drive Interface, Power Source, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Seagate Technology plc., Western Digital Corporation, Toshiba Corporation, Hewlett Packard Company, Buffalo Americas Inc, Transcend Information Inc. |
Covid-19 Impact on Hard Disk Drive Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Hard Disk Drive Market Segment Overview
Based on the Drive Interface, USB 3.0. is the notable segment in the global hard disc drive market. Manufacturers' bottom lines are dominated by USB 3.0 HDDs, and this trend is expected to continue over the projected period. Sales of USB 3.1 Gen 2 HDD, on the other hand, are expected to grow at the fastest rate in the forthcoming years.
Additionally, these drives assist in the booting of the computer system as well as the storage of personal and application apps. Hard disc drives are relatively inexpensive and can store a large number of business files, films, and images. Several organizations' increased need for high-capacity, low-cost drives is expected to broaden the scope of the global hard disc drive market's expansion over the forecast period.
Hard Disk Drive Market, By Drive
· Desktop HDDs
· Portable HDDs
· Network-attached Storage HDDs
Hard Disk Drive Market, By Storage Capacity
· Less than 250 GB
· 250 GB to 1TB
· Above 1 TB
Hard Disk Drive Market, By Drive Interface
· USB 3.0.
· USB 2.0.
· USB 3.1 Gen 1
· USB 3.1 Gen 2
· Ethernet
· Others
Hard Disk Drive Market, By Power Source
· AC Adapter
· USB Port
· e-SATA Bus
· Plug-in
Hard Disk Drive Market Regional Overview
Based on the region, North America is expected to account for a significant portion of the global hard disc drive market. Throughout the evaluation period, the region is predicted to maintain its dominance. Many data storage firms, such as Seagate Technology plc and Hewlett Packard Company, are present in North America, which is anticipated to benefit the market. Furthermore, the hard disc drive market in North America is projected to benefit from the rapid adoption of new technology.
Hard Disk Drive Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Hard Disk Drive Market Competitor overview
Some key developments and strategies adopted by manufacturers in Hard Disk Drive are highlighted below.
· In October 2020, Seagate Technology plc, a world leader in data storage and management solutions, announced it is shipping 18 TB SkyHawk™ Artificial Intelligence drives in volume. SkyHawk AI is the world’s first purpose-built hard drive for artificial intelligence (AI)-enabled Surveillance solutions, enabling quicker and smarter decisions. The new drive supports deep learning and machine learning workload streams for Edge applications with ImagePerfectAI.
Hard Disk Drive Market, Key Players
· Seagate Technology plc.
· Western Digital Corporation
· Toshiba Corporation
· Hewlett Packard Company
· Buffalo Americas Inc
· Transcend Information Inc
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Hard Disk Drive market?
There has been increased use in various enterprise applications and cloud storage, paving the way for the global hard disk market to flourish over the forecast period.
Q2. Which Segments are covered in the global Hard Disk Drive market report?
Drive, Storage Capacity, Drive Interface, Power Source, and Region. these segments are covered in the global Hard Disk Drive market report.
Q3. Which segment is projected to hold the largest share in the global Hard Disk Drive market?
USB 3.0. segment is projected to hold the largest share in the global Hard Disk Drive market
Q4. Which region holds the largest share in the global Hard Disk Drive market?
North America held the largest share in the global Hard Disk Drive market.
Q5. Which are the prominent players in the global Hard Disk Drive market?
Seagate Technology plc., Western Digital Corporation, Toshiba Corporation, Hewlett Packard Company, Buffalo Americas Inc, Transcend Information Inc. are some key players in the global Hard Disk Drive market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Hard Disk Drive Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Drive
- 5.2.1. Desktop HDDs
- 5.2.2. Portable HDDs
- 5.2.3. Network-attached Storage HDDs
- 5.3. Market Analysis, Insights and Forecast – By Storage Capacity
- 5.3.1. Less than 250 GB
- 5.3.2. 250 GB to 1TB
- 5.3.3. Above 1 TB
- 5.4. Market Analysis, Insights and Forecast – By Drive Interface
- 5.4.1. USB 3.0.
- 5.4.2. USB 2.0.
- 5.4.3. USB 3.1 Gen 1
- 5.4.4. USB 3.1 Gen 2
- 5.4.5. Ethernet
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Power Source
- 5.5.1. AC Adapter
- 5.5.2. USB Port
- 5.5.3. e-SATA Bus
- 5.5.4. Plug-in
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Hard Disk Drive Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Drive
- 6.2.1. Desktop HDDs
- 6.2.2. Portable HDDs
- 6.2.3. Network-attached Storage HDDs
- 6.3. Market Analysis, Insights and Forecast – By Storage Capacity
- 6.3.1. Less than 250 GB
- 6.3.2. 250 GB to 1TB
- 6.3.3. Above 1 TB
- 6.4. Market Analysis, Insights and Forecast – By Drive Interface
- 6.4.1. USB 3.0.
- 6.4.2. USB 2.0.
- 6.4.3. USB 3.1 Gen 1
- 6.4.4. USB 3.1 Gen 2
- 6.4.5. Ethernet
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Power Source
- 6.5.1. AC Adapter
- 6.5.2. USB Port
- 6.5.3. e-SATA Bus
- 6.5.4. Plug-in
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Hard Disk Drive Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Drive
- 7.2.1. Desktop HDDs
- 7.2.2. Portable HDDs
- 7.2.3. Network-attached Storage HDDs
- 7.3. Market Analysis, Insights and Forecast – By Storage Capacity
- 7.3.1. Less than 250 GB
- 7.3.2. 250 GB to 1TB
- 7.3.3. Above 1 TB
- 7.4. Market Analysis, Insights and Forecast – By Drive Interface
- 7.4.1. USB 3.0.
- 7.4.2. USB 2.0.
- 7.4.3. USB 3.1 Gen 1
- 7.4.4. USB 3.1 Gen 2
- 7.4.5. Ethernet
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Power Source
- 7.5.1. AC Adapter
- 7.5.2. USB Port
- 7.5.3. e-SATA Bus
- 7.5.4. Plug-in
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Hard Disk Drive Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Drive
- 8.2.1. Desktop HDDs
- 8.2.2. Portable HDDs
- 8.2.3. Network-attached Storage HDDs
- 8.3. Market Analysis, Insights and Forecast – By Storage Capacity
- 8.3.1. Less than 250 GB
- 8.3.2. 250 GB to 1TB
- 8.3.3. Above 1 TB
- 8.4. Market Analysis, Insights and Forecast – By Drive Interface
- 8.4.1. USB 3.0.
- 8.4.2. USB 2.0.
- 8.4.3. USB 3.1 Gen 1
- 8.4.4. USB 3.1 Gen 2
- 8.4.5. Ethernet
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Power Source
- 8.5.1. AC Adapter
- 8.5.2. USB Port
- 8.5.3. e-SATA Bus
- 8.5.4. Plug-in
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Hard Disk Drive Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Drive
- 9.2.1. Desktop HDDs
- 9.2.2. Portable HDDs
- 9.2.3. Network-attached Storage HDDs
- 9.3. Market Analysis, Insights and Forecast – By Storage Capacity
- 9.3.1. Less than 250 GB
- 9.3.2. 250 GB to 1TB
- 9.3.3. Above 1 TB
- 9.4. Market Analysis, Insights and Forecast – By Drive Interface
- 9.4.1. USB 3.0.
- 9.4.2. USB 2.0.
- 9.4.3. USB 3.1 Gen 1
- 9.4.4. USB 3.1 Gen 2
- 9.4.5. Ethernet
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Power Source
- 9.5.1. AC Adapter
- 9.5.2. USB Port
- 9.5.3. e-SATA Bus
- 9.5.4. Plug-in
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Seagate Technology plc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Western Digital Corporation
- 10.6. Toshiba Corporation
- 10.7. Hewlett Packard Company
- 10.8. Buffalo Americas Inc
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
