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Heat-Assisted Magnetic Recording (HAMR) Device Market
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Market Highlights
The global heat-assisted magnetic recording (HAMR) device market is projected to be valued at USD 287.42 million by the end of 2030, registering a CAGR of 38.8% during the forecast period.
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Heat-assisted magnetic recording (HAMR) is a magnetic storage device that dramatically increases the amount of data stored on a magnetic device such as a hard disc drive by temporarily heating the disc material while writing, making it significantly more responsive to magnetic effects.High-capacity data storage is more vital than ever as the usage of cloud services, video content, and image sharing expands in today's work-from-home environment.
The primary factor driving the global heat-assisted magnetic recording (HAMR) devicemarket is the growingneed for robust and high-capacity hard disk drives. As data generation grows, the demand for electronic data storage also correspondingly increases. However, the emergence of digital commerce and Internet-ready devices, such as smartphones, consumer electronics, alarm monitoring systems, and home appliances, creates massive amounts of data in the cloud. Businesses, corporate data centers, and cloud service providers will continue to have a demand for data storage. Data storage devices have been and continue to remain pervasive in computing, communication, consumer, and entertainment systems
Furthermore, the growth of e-commerce and information demands on the Internet has fueled the increase in the demand for storage. Storage system manufacturers for the expanding Internet and business data storage markets have been tremendously profitable. The evolving technologies and innovations in the HARM devices are expected to present a lucrative opportunity for the players operating in the global heat-assisted magnetic recording (HAMR) device market.COVID-19 Impact Analysis
COVID-19 has had a significant influence on different industries around the world, resulting in travel prohibitions, global lockdown, and a delay in numerous firms' supply chains. The COVID-19 is having a negative impact on businesses, customers, and commodities all across the world. China accounted for more than half of all semiconductor usage worldwide. The dependence on China is hitting global supply chains as COVID-19 has impacted both people and companies. Transportation is restricted, and manufacturers cannot resume full operations because of the still-raging epidemic, revealing the significant hazards of relying on a single site for such a crucial product as semiconductors. Hard disk manufacturers are facing a decline in demand from a variety of end-use industries. China is one of the largest exporters of hardware devices. The country accounts for about half of almost all system hardware device exports. As a result of the spread of COVID-19, the IT sector is anticipated to experience significant disruptions over the next few decades.
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Segment Analysis
The global heat-assisted magnetic recording (HAMR) devicemarket has been segmentedbased on application and region.
On the basis of application, the global heat-assisted magnetic recording (HAMR) devicemarket has been segmented into laptop/notebook, servers, desktops, and others. The servers segment accounted for the largest market share in 2020 and is estimated to register a CAGR of 36.8% during the review period. Servers are expected to be a major application of the HAMR drives and grow with a significant CAGR rate during the projected period. Servers have several hard drives based on their physical size that can define the amount of physical storage the server can accommodate. For instance, the 1U server is equipped with two internal hard drives, but the 4U servers can accommodate more than a few dozens of hard drives.
Key Findings of the Study:
- The global heat-assisted magnetic recording (HAMR) device market is projected to reach a value of USD 287.42 million by 2030, with a CAGR of ~38.8% during the forecast period from 2020 to 2030.
- North America accounted for the largest market share in 2020 due to the rising need for computing across end-use applications, including business, media & entertainment, gaming, individuals, and data centers.
- Asia-Pacificis expected to register the highest CAGR of over 41.3%. The rising amount of data generation across industry verticals is expected to increase the adoption of HAMR storage devices in the forecasted period.
- The European market is anticipated to register significant growth due to the growing need for backup & recovery, networking, data center, cloud computing, mobile technology, virtualization, big data, and virtual machines.
- High adoption of blockchain technology for payments, smart contracts, and digital identities is expected to be a key growth opportunity for the vendors operatingin this market.
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