Asia Pacific Solid State Drives (SSD) Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2029

Analysis By Type (Internal and External), Technology (Single Level Cell, Multi-Level Cell, and Triple Level Cell), Storage (Under 500 GB, 500 GB - 1TB, 1TB - 2 TB, and Above 2 TB), and End-User (Industrial, Enterprise, and Consumer)

No. of Pages: 144    |    Report Code: TIPRE00027116    |    Category: Electronics and Semiconductor

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Asia Pacific Solid State Drives (SSD) Market
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The APAC solid state drives (SSD) market is expected to grow from US$ 18,248.86 million in 2022 to US$ 50,388.50 million by 2029; it is estimated to grow at a CAGR of 15.6% from 2022 to 2029.

Data processing and code execution techniques are the focus of relational analytics. Smart SSDs are flash storage devices with memory and processing power for handling relational analytic queries. The efficiency of relational analytics for widely scattered data will be increased by utilizing the compute capabilities of SSDs. This lowers the amount of processing power required by the host PC while increasing the computational capability of servers or appliances. Smart SSDs, rather than using regular processors, have their own CPU, which is very efficient in terms of overall price/performance. As a result, incorporating data processing in smart SSDs can minimize the entire database server/energy appliance usage. The total cost of running the database system will eventually be reduced as a result of this. In relational databases, metadata can also be cached on SSDs. When it comes to queries, sorting, and calculations, this will significantly speed up databases. Many major market players are investing in smart SSD technology. For example, Samsung and Xilinx collaborated to create a one-of-a-kind SSD with a Xilinx Field Programmable Gate Array (FPGA) for data processing inside the SSD. Samsung SmartSSD Computational Storage Drive (CSD) is the term given to this intelligent storage device by the two firms as Computational Storage Drive (CSD). The SmartSSD CSD is the industry's first customizable computational storage platform, thanks to the inclusion of Xilinx FPGAs. The CSD brings another degree of performance, customization, and scalability to data-intensive applications with this added programmability and computing performance. To create custom applications, the CSD is flexible and programmable utilizing the Xilinx Vitis software platform. Common high-level languages like C, C++, and OpenCL can be used to create runtimes, libraries, APIs, and drivers. Additionally, pre-built bespoke programs, such as data encryption based on dm-crypt, are accessible. SmartSSD CSD developers can use existing Vitis libraries to construct turnkey acceleration apps, which can then expand across numerous SmartSSD CSDs, using conventional Linux kernel modules. Turnkey accelerated applications for big data analytics, multimedia transcoding, and search-in-storage are also available from Xilinx. As a result, smart SSDs will eventually allow a new type of data processing to become commoditized in the year to come. So, growing relational analytics using smart SSDs is expected to fuel the APAC market growth. 

 

China and India are the most prominent manufacturing hubs in APAC and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown; however, the countries are recovering from their losses as with the recommencement of businesses. China, India, Japan, and South Korea are among the countries with vast populations, which is a key factor contributing to the elevated demand for SSDs in gaming and PC applications; moreover, well-established IT companies drive their demand in data centers. China has 47,000 data centers that operate with 1400 megawatts of capacity. In addition, blockchain storage is emerging as a new source of demand for SSDs in the country. Also, the demand for consumer electronics such as laptops has been high in Asian countries. Therefore, the pandemic caused a neutral to positive impact on the solid-state drives market in major countries of the APAC region.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC solid state drives (SSD) market. The APAC solid state drives (SSD) market is expected to grow at a good CAGR during the forecast period.  

 

APAC Solid State Drives (SSD) Market Revenue and Forecast to 2029 (US$ Million)

  

APAC Solid State Drives (SSD) Market Revenue and Forecast to 2029 (US$ Million)  
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Asia Pacific Solid State Drives (SSD) Strategic Insights

Strategic insights for the Asia Pacific Solid State Drives (SSD) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Solid State Drives (SSD) Report Scope

Report Attribute Details
Market size in 2022 US$ 18,248.86 Million
Market Size by 2029 US$ 50,388.50 Million
Global CAGR (2022 - 2029) 15.6%
Historical Data 2020-2021
Forecast period 2023-2029
Segments Covered By Type
  • Internal
  • External
By Technology
  • Single Level Cell
  • Multi-Level Cell
  • Triple Level Cell
By Storage
  • Under 500 GB
  • 500 GB-1TB
  • 1TB-2 TB
  • Above 2 TB
By End-User
  • Industrial
  • Enterprise
  • Consumer
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • G.SKILL International Enterprise Co., Ltd.
  • Hangzhou Hikstorage Technology Co., Limited
  • Kingston Technology Europe Co LLP
  • KIOXIA Corporation
  • Micron Technology, Inc.
  • Microsemi Corporation
  • Samsung Group
  • Seagate Technology LLC
  • Silicon Power Computer & Communications Inc.
  • SK Hynix Inc.
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    Asia Pacific Solid State Drives (SSD) Regional Insights

    The geographic scope of the Asia Pacific Solid State Drives (SSD) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    APAC Solid State Drives (SSD) Market Segmentation      

    APAC Solid State Drives (SSD) Market –

    By Type

    • Internal
    • External

    APAC Solid State Drives (SSD) Market –

    By

    Technology

    • Single Level Cell
    • Multi-Level Cell
    • Triple Level Cell

    APAC Solid State Drives (SSD) Market –

    By

    Storage

    • Under 500 GB
    • 500 GB – 1TB
    • 1TB – 2 TB
    • Above 2 TB

    APAC Solid State Drives (SSD) Market –

    By

    End-User

    • Industrial
    • Enterprise
    • Consumer

    APAC Solid State Drives (SSD) Market, by Country

    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Singapore
    • Rest of APAC

    APAC Solid State Drives (SSD) Market - Companies Mentioned

    • G.SKILL International Enterprise Co., Ltd.
    • Hangzhou Hikstorage Technology Co., Limited
    • Kingston Technology Europe Co LLP
    • KIOXIA Corporation
    • Micron Technology, Inc.
    • Microsemi Corporation    
    • Samsung Group
    • Seagate Technology LLC
    • Silicon Power Computer & Communications Inc.
    • SK Hynix Inc.
    • Western Digital Corporation
    Identical Market Reports with other Region/Countries

    The List of Companies - Asia Pacific Solid State Drives (SSD) Market

    1. G.SKILL International Enterprise Co., Ltd.
    2. Hangzhou Hikstorage Technology Co., Limited
    3. Kingston Technology Europe Co LLP
    4. KIOXIA Corporation  
    5. Micron Technology, Inc.
    6. Microsemi Corporation
    7. Samsung Group  
    8. Seagate Technology LLC
    9. Silicon Power Computer & Communications Inc.
    10. SK Hynix Inc.  
    11. Western Digital Corporation
    Frequently Asked Questions
    How big is the Asia Pacific Solid State Drives (SSD) Market?

    The Asia Pacific Solid State Drives (SSD) Market is valued at US$ 18,248.86 Million in 2022, it is projected to reach US$ 50,388.50 Million by 2029.

    What is the CAGR for Asia Pacific Solid State Drives (SSD) Market by (2022 - 2029)?

    As per our report Asia Pacific Solid State Drives (SSD) Market, the market size is valued at US$ 18,248.86 Million in 2022, projecting it to reach US$ 50,388.50 Million by 2029. This translates to a CAGR of approximately 15.6% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Solid State Drives (SSD) Market report typically cover these key segments-

    • Type (Internal, External)
    • Technology (Single Level Cell, Multi-Level Cell, Triple Level Cell)
    • Storage (Under 500 GB, 500 GB-1TB, 1TB-2 TB, Above 2 TB)
    • End-User (Industrial, Enterprise, Consumer)

    What is the historic period, base year, and forecast period taken for Asia Pacific Solid State Drives (SSD) Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Solid State Drives (SSD) Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2029
    • Who are the major players in Asia Pacific Solid State Drives (SSD) Market?

    The Asia Pacific Solid State Drives (SSD) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • G.SKILL International Enterprise Co., Ltd.
  • Hangzhou Hikstorage Technology Co., Limited
  • Kingston Technology Europe Co LLP
  • KIOXIA Corporation
  • Micron Technology, Inc.
  • Microsemi Corporation
  • Samsung Group
  • Seagate Technology LLC
  • Silicon Power Computer & Communications Inc.
  • SK Hynix Inc.
  • Western Digital Corporation
    • Who should buy this report?

    The Asia Pacific Solid State Drives (SSD) Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Solid State Drives (SSD) Market value chain can benefit from the information contained in a comprehensive market report.

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