The Asia Pacific Solid State Drive (SSD) Market is expected to witness market growth of 16.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Solid State Drive (SSD) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.55 billion by 2031. The Japan market is registering a CAGR of 15.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 17.3% during 2024-2031.
In the automotive industry, SSDs are used for applications like in-vehicle navigation systems, infotainment, and autonomous driving technology. In industrial applications, SSDs are employed in mission-critical systems requiring extreme durability, such as robotics, automation, and medical devices, where speed, reliability, and resistance to shock and vibration are essential.
The adoption of SSDs has been one of the most notable technological shifts in storage. One of the most significant drivers behind the adoption of SSDs is the demand for high performance. SSDs offer much faster read/write speeds than HDDs, making them ideal for applications requiring rapid data access. This performance boost has made SSDs a natural choice for environments that require high-speed processing, such as cloud computing, video editing, gaming, and data analytics.
India’s emergence as the second-largest mobile phone manufacturer globally, with $15.5 billion in exports in FY24 and a projected $80 billion growth in the electronics manufacturing services (EMS) industry by 2027, underlines its importance in the market. The electronics manufacturing sector’s rapid expansion, growing at 33% annually, drives the need for advanced storage technologies like SSDs, which are integral to enhancing the performance and efficiency of electronic devices. China’s cloud computing industry, with a remarkable 40.91% growth in 2022 to reach 455 billion yuan (approximately $63.37 billion), far outpacing the global growth rate of 19%, is a critical driver for SSD demand. As cloud services and data centers are key consumers of SSDs, the rapid expansion of China’s cloud infrastructure underscores the increasing reliance on high-speed, durable, and energy-efficient storage solutions. Thus, India’s flourishing electronics manufacturing industry and China’s surging cloud computing industry are transformative forces for the market.
The China market dominated the Asia Pacific Solid State Drive (SSD) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.55 billion by 2031. The Japan market is registering a CAGR of 15.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 17.3% during 2024-2031.
In the automotive industry, SSDs are used for applications like in-vehicle navigation systems, infotainment, and autonomous driving technology. In industrial applications, SSDs are employed in mission-critical systems requiring extreme durability, such as robotics, automation, and medical devices, where speed, reliability, and resistance to shock and vibration are essential.
The adoption of SSDs has been one of the most notable technological shifts in storage. One of the most significant drivers behind the adoption of SSDs is the demand for high performance. SSDs offer much faster read/write speeds than HDDs, making them ideal for applications requiring rapid data access. This performance boost has made SSDs a natural choice for environments that require high-speed processing, such as cloud computing, video editing, gaming, and data analytics.
India’s emergence as the second-largest mobile phone manufacturer globally, with $15.5 billion in exports in FY24 and a projected $80 billion growth in the electronics manufacturing services (EMS) industry by 2027, underlines its importance in the market. The electronics manufacturing sector’s rapid expansion, growing at 33% annually, drives the need for advanced storage technologies like SSDs, which are integral to enhancing the performance and efficiency of electronic devices. China’s cloud computing industry, with a remarkable 40.91% growth in 2022 to reach 455 billion yuan (approximately $63.37 billion), far outpacing the global growth rate of 19%, is a critical driver for SSD demand. As cloud services and data centers are key consumers of SSDs, the rapid expansion of China’s cloud infrastructure underscores the increasing reliance on high-speed, durable, and energy-efficient storage solutions. Thus, India’s flourishing electronics manufacturing industry and China’s surging cloud computing industry are transformative forces for the market.
List of Key Companies Profiled
- Samsung Electronics Co., Ltd. (Samsung Group)
- Seagate Technology LLC
- Toshiba Corporation
- Micron Technology, Inc.
- Western Digital Corporation
- Transcend Information, Inc.
- Kingston Technology Company, Inc.
- SK Hynix Inc.
- Microsemi Corporation (Microchip Technology)
- ADATA Technology Co., Ltd.
Market Report Segmentation
By Type
- Internal
- External
By Storage
- 120GB-320GB
- 320GB-500GB
- Under 120 GB
- 500GB-1TB
- Above 2TB
- 1TB-2TB
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Solid State Drive (SSD) Market by Type
Chapter 6. Asia Pacific Solid State Drive (SSD) Market by Storage
Chapter 7. Asia Pacific Solid State Drive (SSD) Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Samsung Electronics Co., Ltd. (Samsung Group)
- Seagate Technology LLC
- Toshiba Corporation
- Micron Technology, Inc.
- Western Digital Corporation
- Transcend Information, Inc.
- Kingston Technology Company, Inc.
- SK Hynix Inc.
- Microsemi Corporation (Microchip Technology)
- ADATA Technology Co., Ltd.
Methodology
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