China Solid-State Drive Market Size (2024 - 2029)

The Chinese solid-state drive market is experiencing significant growth, driven by the increasing demand for data storage solutions. SSDs are becoming more popular due to their faster data access and reduced boot times compared to traditional hard disk drives. While SSD adoption in data centers has been slower due to distinct performance requirements, the overall market size is expanding as these drives are integrated into more applications. The COVID-19 pandemic had a limited impact on production, thanks to the automation and preparedness of China-based NAND vendors. Despite global uncertainties, the demand for silicon wafers and chip sales in China is expected to rise, contributing to the market's growth trajectory.

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Market Size of China Solid-State Drive Industry

China Solid State Drive Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 12.30 %
Market Concentration Medium

Major Players

China Solid State Drive Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Solidstate Drive (SSD) Market Analysis

The Chinese solid-state drive market is expected to register a CAGR of approximately 12.3% during the forecast period. Solid-state drives use flash memory chips for storing information. SSD is made of several memory chips installed on a circuit board.

  • In China, the data storage demand has been on a massive rise over the past few years. In order to fulfill the enormous demand for data storage, solid-state drives (SSDs) and hard disk drives (HDD) emerged as the two main storage solutions, each with its particular benefits.
  • SSDs are like HDDs in terms of being non-volatile storage mediums. However, instead of spinning disks, data is stored in a series of interconnected microchips, making memory access much faster, which causes the boot time to reduce drastically in SSDs. Such factors are increasing the greater adoption of SSD in the computing process.
  • Solid-state drives (SSDs) are nearly ubiquitous in desktop and laptop computers, but the introduction of SSDs in data centers has taken much longer. However, data center SSDs have distinct performance requirements compared to consumer PCs. A data center must be able to match this requirement, unlike a conventional client PC whose usage unlikely ever requires constant 24/7 performance. The demand for SSDs will increase depending on the application.
  • The production by China-based NAND vendors was not severely affected by the outbreak of novel COVID-19. This was because the plants were highly automated, had relatively low demands for manpower, and the operators stocked raw materials before the Chinese Lunar New Year.
  • Foundry output was delivered to customers in China because semiconductor fabrication plants hold special national licenses. These allowed them to ship products throughout domestic China, even with cities under quarantine.
  • Further, according to Semiconductor Equipment and Materials International (SEMI), silicon wafer sales were anticipated to witness a dip amid the looming uncertainty surrounding the impact of COVID-19. However, in China, industry experts believed that the demand could climb on the strength of rebounding chip sales. SEMI also estimated that silicon wafer shipments would witness growth in 2021, and shipments will reach a record high in 2022.

China Solidstate Drive (SSD) Industry Segmentation

The SSD functions as secondary storage for the computer using integrated circuit assemblies to store data. The Chinese solid-state drive market comprises Serial Advanced Technology Attachment (SATA) and Peripheral Component Interconnect (PCI) Express used by clients from enterprise and consumer goods. The market study provides a detailed analysis of SSDs in the Chinese market and the several growth opportunities and challenges faced by the regional vendors. The market also provides a brief analysis of the impact of Covid-19 on the market studied.

The Chinese Solid-state Drive Market is segmented by Application (Enterprise and Clients) and Interface (Serial Advanced Technology Attachment (SATA) and Peripheral Component Interconnect (PCI) Express).

The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Application
Enterprise
Clients
By Interface
Serial Advanced Technology Attachment (SATA)
Peripheral Component Interconnect (PCI) Express
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China Solid-State Drive Market Size Summary

The Chinese solid-state drive (SSD) market is experiencing significant growth, driven by the increasing demand for data storage solutions across various sectors. SSDs, which utilize flash memory chips for faster data access compared to traditional hard disk drives (HDDs), are becoming the preferred choice for both consumer and enterprise applications. The rise in data storage needs, particularly in data centers and enterprise environments, is propelling the adoption of SSDs. These drives offer advantages such as reduced boot times, high performance, and energy efficiency, making them suitable for applications requiring constant uptime and reliability. The market's expansion is further supported by the automation of production facilities and the ability to maintain operations despite challenges like the COVID-19 pandemic.

The Chinese SSD market is moderately consolidated, with a few major players dominating the landscape. Companies such as Transcend Information Inc., Teclast Electronics Co. Ltd, LITE-ON Technology Corporation, ADATA Technology Co. Ltd, and Huawei Technologies Co. Ltd are key contributors to the market's growth. Innovations and product developments are crucial for these companies to expand their market share. The demand for SSDs is expected to continue rising, fueled by the growth of data centers, supportive government initiatives, and the increasing need for efficient and reliable storage solutions. As the market evolves, the focus on integrating advanced features like biometric security in portable SSDs highlights the ongoing innovation within the industry.

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China Solid-State Drive Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Adoption in Data Centers

      2. 1.2.2 Increasing Deployment in High-end Cloud Applications

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost and Smaller Life-time of Solid State Drives

    4. 1.4 Industry Ecosystem Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Enterprise

      2. 2.1.2 Clients

    2. 2.2 By Interface

      1. 2.2.1 Serial Advanced Technology Attachment (SATA)

      2. 2.2.2 Peripheral Component Interconnect (PCI) Express

China Solid-State Drive Market Size FAQs

The China Solid-State Drive Market is projected to register a CAGR of 12.30% during the forecast period (2024-2029)

Transcend Information Inc., Teclast Electronics Co. Ltd, LITE-ON Technology Corporation, ADATA Technology Co. Ltd and Huawei Technologies Co. Ltd are the major companies operating in the China Solid-State Drive Market.

China SSD Market Report Snapshots

China Solidstate Drive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)