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

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.