SSD Controllers Global Market Report 2024

SSD controllers are electronic devices responsible for establishing a connection between flash memory components and the input/output interfaces or computers of host SSDs. Through the utilization of an SSD controller, the integrated CPU can deliver exceptional performance while consuming minimal power. These controllers are electrical components that are typically integrated into a single integrated circuit (IC), and the embedded processors in SSD controllers often employ microcontrollers with 16 or 32 bits.

The primary types of SSD controllers are single-level cell (SLC), multi-level cell (MLC), and triple-level cell (TLC). Single-level cell (SLC) flash storage refers to a type of solid-state storage that stores one bit of data per cell. SSD controllers support various storage interfaces such as SATA, SAS, and PCIe, catering to the needs of enterprise, automotive, industrial, and other users.

The SSD controllers market research report is one of a series of new reports that provides SSD controllers market statistics, including SSD controller industry global market size, regional shares, competitors with a SSD controllers market share, detailed SSD controllers market segments, market trends and opportunities, and any further data you may need to thrive in the SSD controller industry. This SSD controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ssd controllers market size has grown rapidly in recent years. It will grow from $26.97 billion in 2023 to $31.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%.
The expansion observed in the historical period can be attributed to several factors, including the rising demand for SSDs (Solid State Drives), increasing performance requirements, growth in the consumer electronics sector, the expansion of data centers, and efforts toward cost reductions.

The ssd controllers market size is expected to see rapid growth in the next few years. It will grow to $54.6 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%.
The anticipated growth in the forecast period can be attributed to various factors, including the development of emerging memory technologies, international expansion into emerging markets, the proliferation of 5G and edge computing, the integration of smart manufacturing and IoT (Internet of Things), and ongoing standardization and industry initiatives. Key trends expected in the forecast period encompass the adoption of NVMe (Non-Volatile Memory Express), support for QLC (Quad-Level Cell) NAND, compatibility with PCIe 4.0 and 5.0, the integration of AI (Artificial Intelligence) and machine learning, and continued support for QLC NAND.

The growth of the SSD controllers market is anticipated to be propelled by the increasing demand for cloud-based data centers. Cloud data centers involve the relocation of a typical on-premise data center to a different location, where enterprises rent infrastructure maintained by a third-party partner and access data center resources through the Internet. The surge in demand for data centers, driven by factors such as the $35 billion investment by Amazon Web Services (AWS) in cloud computing infrastructure in Northern Virginia in October 2021, emphasizes the significant impact of data centers on regional economies. According to the United States International Trade Commission (USITC), there were approximately 8,000 data centers worldwide as of January 2021, with the United States, the United Kingdom, Germany, China, Canada, and the Netherlands leading in the number of data centers. Consequently, the growing demand for cloud-based data centers is a key driver of the SSD controllers market.

The proliferation of data traffic is expected to contribute to the growth of the SSD controllers market. Data traffic, referring to the volume of data transmitted through a network at a specific point in time, has witnessed a substantial increase. SSD controllers play a crucial role in managing and controlling data traffic, facilitating physical data storage, enhancing error correction, and supporting external RAM and data buffering. For instance, the GSMA Association reported a 21% increase in network data traffic in 2021. Additionally, Ericsson projected that global mobile data traffic would reach approximately 90 EB per month by the end of 2022 and is estimated to surge to 325 EB per month by 2028. This surge in data traffic necessitates the increased utilization of SSD controllers.

Major companies in the SSD controllers market are focusing on product innovation, exemplified by the development of products such as the Phison E31T to meet the rising demand. The Phison E31T is a PCIe 5.0 SSD controller designed for SSDs, delivering speeds of up to 10 GB/s. Introduced by Phison Electronics Corporation in June 2023, the controller utilizes a 7 nm manufacturing process, is powered by an ARM Cortex-R5 CPU, and features four memory channels, contributing to improved power efficiency.

The SSD controllers market also witnesses a trend of strategic partnerships among major companies to deliver advanced solutions. In June 2022, Phison Electronics Corporation collaborated with Cigent Technology, Inc., a US-based embedded cybersecurity technology company. This strategic partnership integrates Cigent's cybersecurity advancements into select Phison storage devices and controllers. The integrated features can be activated by Phison's storage partners, offering enhanced cybersecurity solutions to their global channel partners and customers.

In January 2022, SK Hynix Inc., a South Korea-based semiconductor company, completed the acquisition of the first phase of Intel NAND technology and SSD Business for $7 billion. This acquisition led to the formation of a new subsidiary, 'Solidigm,' in San Jose, California. SK Hynix aimed to strengthen its position in the global NAND Flash business through this acquisition, which included Intel's SSD business assets and the Dalian NAND Flash manufacturing facility in China, along with other associated tangible and intangible assets.

Major companies operating in the ssd controllers market include Marvell Technology Group Ltd., Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Western Digital Corporation, Micron Technology Inc., NetApp Inc., International Business Machines Corporation (IBM), Phison Electronics Corporation, Silicon Motion Technology Corporation, Fusion-io Inc., Seagate Technology LLC, Microsemi Corporation, Mushkin Inc., Lexar Media Inc., G.Skill International Enterprise Co. Ltd., Violin Memory Inc., Corsair Components Inc., Best IT World (India) Pvt. Ltd., CNEX Labs Inc., Greenliant Systems Ltd., Hyperstone GmbH, Kioxia Corporation (formerly Toshiba Memory Corporation), SK hynix Inc., Realtek Semiconductor Corp., ADATA Technology Co. Ltd., Kingston Technology Corporation, Synopsys Inc., NXP Semiconductors N.V.

North America was the largest region in the SSD controllers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the SSD controllers market share during the forecast period. The regions covered in SSD controllers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the SSD controllers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The SSD controllers market consists of sales DRAM, NAND, and power management ICs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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