Asia-Pacific Solid State Drives Market - Industry Analysis, Growth, Demand, Share, & Forecast To 2027

A solid-state drive is also called as a solid-state device or solid-state disk. A solid-state drive consists of integrated circuit assemblies to store data on a flash memory basis. Compared with traditional hard-disk industries, solid-state drives are more resistant to physical shock, run silently, and have lower latency. A solid-state drive uses non-volatile memory to hold and access the data. Growing infrastructures for cloud computing and data centers in the Asia-Pacific region drive the solid-state drive market. A solid-state drive can accelerate data availability in any environment. Due to efficient data storage systems and devices, data centers in the Asia-Pacific region have witnessed tremendous growth over the last few years. With that, cloud computing also saw growth in 2020, creating higher demands for solid-state drives. In addition, internet penetration in Asia-Pacific has propelled the markets for consumer electronics in this region. More than 65% of the population in Asia-Pacific has adopted consumer electronic devices. Many countries in the Asia-Pacific region are still developing; however, with growing disposable income, demand for vehicles and consumer electronics is expected to drive the overall Asia-Pacific solid-state drive market. 

According to the research report "Asia-Pacific Solid-State Drive Market Outlook, 2027," published by Actual Market Research, the solid-state drive market is anticipated to have a 17.68% CAGR during the forecast period. The region dominates the global solid state drive market with a significant market share. The growing adoption of solid-state drives in Asia-Pacific is due to greater efficiency than traditional hard-disk drive storage. Asia-Pacific solid-state drive market is segmented into five major countries: China, Japan, India, Australia and South Korea. Among these countries, China is projected to have a higher market share during the forecast period. The falling price of solid-state drives is the primary factor driving market growth. Several multinational manufacturers invest vast amounts in China, primarily directed by government initiatives such as 'Made in China 2025'. The rapidly growing media and entertainment industry that creates a higher demand for data storage systems significantly contribute to the market growth. Asia-Pacific solid-state drive market is segmented into various end users such as client solid-state drive, enterprise solid-state drive, and others (automotive, industry, etc). Among these end users, client and enterprise end users are expected to have a significant market share during the forecast period. Automotive and industry end users are at the emerging phase, which is expected to witness higher growth by 2027.

According to the report, Asia-Pacific solid-state drive market is segmented into three interfaces which include SATA (serial advanced technology attachment) interface, SAS (serial attached SCSI) interface, and PCIe (peripheral component interconnect express) interface. Among these segments, the SATA interface is anticipated to witness the highest market share during the forecast period. SATA interface has presented a wide range of applications in PCs, laptops, and data centers due to its advantages, including high data transfer speed, smooth functioning, multiple drive support, low power consumption, etc. Due to these qualities, most of the population is adopting the SATA interface. Solid-state drive is available in various size options including the under 500 GB, 500 GB- 1TB, 1 TB- 2 TB and above 2 TB. Among these storage sizes, the under 500 GB size is effective for various purposes while being cost effective. The under 500 GB storage segment is projected to acquire more than 50% market share during the forecast period. 

Impact of Covid-19 on Asia-Pacific Solid-State Drive Market:
China and India are the most prominent manufacturing hubs for the Asia-Pacific region. The growth of these industries was hampered due to the Covid-19 pandemic; however, the countries are recovering from their losses as with the persistence of businesses. In addition, the Asia-Pacific region has high demands for blockchain storage and consumer electronics such as laptops. Therefore, the Covid-19 pandemic caused a neutral to a positive impact on the Asia-Pacific solid-state drive market.

Major Companies present in the market:
Samsung Electronics Co. Limited, Kingston Technology Corporation, Western Digital Corporation, Seagate Technology Holdings Public Limited, Intel Corporation, Adata Technology Co. Ltd, Kioxia Holdings Corporation, Micron Technology, Inc., SK Hynix Inc., Transcend Information Inc., LITE-ON, ASUS, Dell Technologies, Viking, TDK Corporation, NetApp, Micro center, GIGABYTE, Bell Microproducts (Avnet, Inc.), Corsair, G.SKILL International Enterprise Co., Limited, Microsemi Corporation, Hangzhou Hikstorage Technology Co., Limited, Silicon Power Computer and Communications Inc.

Considered in this report
• Geography: Asia-Pacific
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific Solid-State Drive market with its value and forecast along with its segments
• Country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• India
• Australia
• South Korea

By End User of Solid-State Drive in the report:
• Client SSD
• Enterprise SSD
• Others

By Interface in the report:
• SATA
• SAS
• PCIE

By Storage Size in the report:
• Under 500 GB
• 500 GB–1 TB
• 1 TB – 2 TB
• Above 2 TB

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to Digital Storage industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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