Solid State Drive (SSD) Market 2022 – Segments Analysis, Industry Trends Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

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The global solid-state drive (SSD) market is projected to witness growth at a CAGR of 15.0% during the forecast period of 2021-2030.

A solid-state drive (SSD), also referred to as a solid-state disk, is a nonvolatile media and information storage device that stores data on solid-state flash memory. It utilizes integrated circuits as a memory for data storage and keep the data safe. Unlike HDDs, SSDs do not require any consistent movements to make sure that the information is being written on or stored on the storage device.

Few of the benefits SSDs provide include increased reliability & durability, enhanced random-access speed, huge multi-tasking capacity, easier to carry and install, faster data reads and writes, less power consumption and noise, video-on-demand service, advanced hierarchical storage, voluminous mass space and more secure data storage experience. As a result, SSDs are being increasingly preferred over HDDs and are also anticipated to replace them in the near future.


Factors such as the burgeoning demand for data storage on the global level, the growing penetration of high-end cloud computing among several enterprises and consumers, the rising adoption and demand of SSDs in data centers, the advantages of SSDs over HDDs, the escalating number of continuous advancements in SSD technologies to enhance performance and capabilities and the increasing investments in R&D activities by major players are primarily driving the growth of the global solid state drive (SSD) market.

Over the last few years, the preference and demand for cloud computing has tremendously risen among enterprises and consumers for the purpose of backing up and archiving their data. With the emerging number of cloud platforms, the demand for SSDs has also been gaining traction. Major technological improvements have also been witnessed in solid-state storage in the recent years. SSDs featuring new interfaces such as PCIe, NVMe, and others have been one of them. PCIe SSDs are becoming increasingly popular due to enhanced capabilities. They provide outstanding performance with reduced latency and high frequency with enhanced features that boost their adoption for cloud computing, which adds to the growth of the global solid-state drive (SSD) market.

Additionally, the adoption of solid-state drives (SSD) in the automotive industry is also surging at a tremendous pace for next generation connected cars and infotainment passenger vehicles. SDDS are used to meet the requirements for data storage, communications and high-performance graphics in connected car applications. They also offer flash storage solution that helps to deliver high-performance storage and reliability in various in-vehicle applications including entertainment system, navigation system, driver assist technology, and 3D mapping. Thus, the increasing demand for automotive infotainment systems and next-generation connected cars is expected to boost the growth of the solid-state drives in the forthcoming years.

In order to cater to the high demand from customers all across the globe, the manufacturers in the market are seen to be emphasizing on product innovation and differentiation in SSDs. Along with increasing their storage capacity in solid-state drives, they are also coming up with several other technological advancements in the market.

Furthermore, the integration of 3D NAND technology with TLC which aids customers with data storage requirements; the increasing production capacities of the leasing players; the escalating initiatives for deployment of 5G technology in emerging nations; the growing demand from consumer electronics products; the soaring penetration of the Internet and the expanding e-commerce market are expected to further create ample growth opportunities for the global solid-state drive (SSD) market during the forecast period.

However, factors such as the growing concerns regarding security and the high cost and smaller life span of SSDs may restrain the growth of the market to a certain extent during the forecast period.


By End User:

·         Client SSDs

·         Enterprise SSDs

By Technology:

·         TLC Planar

·         TLC 3D

·         SLC

·         MLC 3D

·         MLC Planar

By Interface:

·         SAS

·         PCIe

·         SATA

By Capacity:

·         80 GB and Below

·         81 GB to 230 GB

·         231 GB to 500 GB

·         501 GB to 1 TB

·         1 TB and Above

By Form Factor:

·         1.8”/2.5”

·         3.5”

·         M.2

·         U.2 (SFF 8639)

·         FHHL and HHHL


By Application:

·         Database

o   SQL

o   No-SQL

·         Virtualization

o   Desktops

o   Servers

·         High-Performance Computing

o   Up SSD

o   Out SSD

·         Cloud

o   Fixed

o   Varied

·         Others


By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on end-user, the client SSDs segment accounted for over 66.0% of the market share in the global solid state drive market in 2020. The segment is anticipated to further retain its dominance in the market over the forecast period on account of the rapidly increasing content and digital data generation, the rising consumer preference for modern and advanced computing devices and the soaring number of mobile devices across the globe.


Based on technology, the TLC Planar segment captured the largest share in the global solid-state drive (SSD) market in 2020. The trend is expected to continue over the forecast period. The growth of the segment can be attributed to factors such as the growing adoption of TLC Planar in consumer applications due to reduced costs and high storage density and the escalating developments in 3D NAND technology.


Based on interface, the SATA segment accounted for the largest share in the global market in 2020. It is expected that the segment will continue to lead the market during the forecast period on account of the high number of advantages, low-cost design and surging demand for SATA interface in a wide range of applications including data centers, laptops, PCs. On the other hand, the PCIe segment is predicted to attain growth at the highest CAGR of 27.0% over the forecast period of 2021-2030.


Based on capacity, the 1 TB and above segment held the largest share in the market in 2020 and is projected to further expand at a CAGR of 22.0% over the forecast period. The segment's growth can be attributed to the proliferating demand for high storage drives in various applications including data centers, gaming, and other consumer electronic devices.


Based on form factor, the FHHL and HHHL segment is anticipated to register the highest growth during the forecast period of 2021-2030.



The North American region held the commanding position in the global solid state drive market in 2020, with further estimations of the region continuing to lead the market during the forecast period i.e. 2021-2030. The region is expected to register growth rate at a CAGR of 16.0% over the forecast period. The growth of the market in the region can be attributed to factors such as the burgeoning need for storage due to the soaring adoption of advanced technologies in the region; the increasing supply of innovative storage solutions by marquee organizations to a variety of industries in the region; the escalating investments in IT infrastructure in the region and the rapid replacement of HDDs by SSDs in the region. Moreover, the high number of well-established market players, the surging desire for reducing latency by demanding data to be housed locally, and the expansion of the 5G technology in the U.S. are expected to further create ample growth opportunities for the market during the forecast period. The major contributors to the region include the U.S. and Canada.


The Asia Pacific region also held a prominent share in the global solid-state drive market in 2020. The region is expected to emerge as the fastest-growing regional market for solid-state drives (SSDs) during the forecast period. This can be majorly attributed to the rapidly expanding consumer electronics market in the region; the increasing number of developments in the information and technology (IT) service sectors in the emerging countries of the region; the surging demand from consumer mobile devices due to the presence of a large consumer base and the growing adoption of cloud computing among different enterprises in the region. Furthermore, the rising data volumes due to the growing data centers and the enhancing focus of countries on expanding the production capacities to cater to the spurring demand in the region are expected to further augment the growth of the solid-state drive (SSD) market in the region in the next few years. The major contributors to the region include India, South Korea, Japan and China.



·         Toshiba Corporation

·         SanDisk Corporation Inc.

·         OCZ Storage Solutions

·         Lite-On Technology Corporation

·         Seagate Technology PLC

·         Micron

·         Microsemi

·         Viking

·         Intel Corporation

·         Western Digital Corporation

·         Kingston Technology Corporation

·         Micron Technology Inc.

·         Samsung Electronics Co. Ltd.

·         Lite-On

·         Mushkin

·         NetApp

·         Crossbar

·         Violin Memory

·         Corsair Components

·         Other Players

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