What is the current Hard Disk Drive Market size?

In 2024, the Hard Disk Drive Market size is expected to reach USD 19.93 billion. Read More

Who are the key players in Hard Disk Drive Market?

Seagate Technology Holdings plc, Western Digital Corporation, Hewlett Packard Enterprise Development LP, Sony Corporation and Toshiba Corporation are the major companies operating in the Hard Disk Drive Market. Read More

What years does this Hard Disk Drive Market cover, and what was the market size in 2023?

In 2023, the Hard Disk Drive Market size was estimated at USD 20.90 billion. The report covers the Hard Disk Drive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hard Disk Drive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hard Disk Drive Market - Share, Size & Companies

Hard Disk Drive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Hard Disk Drive (HDD) Manufacturers and is Segmented by Form Factor (2. 5 Inch and 3. 5 Inch), Application (mobile, Consumer, Desktop, Enterprise, Nearline, and Other Applications), and Geography (US, China, Taiwan, South Korea, Japan, Southeast Asia, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) and Volume (units) for all the Above Segments.

Hard Disk Drives Industry Overview

The hard disk drive (HDD) market is fiercely competitive, with numerous well-established players driving advancements in HDD technology to counter challenges posed by emerging storage technologies. To fortify their positions, these vendors are actively engaging in strategies like mergers and acquisitions to bolster their technical capabilities and market reach. Among the key players are Seagate Technology Holdings plc, Western Digital Corporation, Toshiba Corporation, Hewlett Packard Enterprise Development LP, and Sony Corporation.

In October 2023 - Western Digital will launch a plan to divide its HDD and Flash businesses, aiming to amplify each division's potential for pioneering technology and product development. This strategic separation is anticipated to empower both entities to seize unique growth prospects, reinforce their leading positions, and operate more efficiently through distinct capital structures.
In June 2023- Seagate unveiled insights into its roadmap for heat-assisted magnetic recording (HAMR) technology, teasing details about its inaugural HAMR hard drive with a 32TB capacity based on 10 disks and 20 heads.