Lucintel anticipates that Asia Pacific will be the fastest growing region in the solid state drive market

   October 21, 2019
According to a market report by Lucintel, the future of the solid state drive market looks promising with opportunities in the enterprise, client, industrial, and automotive industries. The solid state drive market is expected to grow with a CAGR of 15% from 2019 to 2024. The major drivers for this market are increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and advantage of SSDs over HDDs.

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In this market, SLC, MLC planar, MLC 3D, TLC planar, and TLC 3D solid state drive technologies are used in the enterprise, client, industrial, and automotive industries. Lucintel forecasts that enterprises will remain the largest end use segment over the forecast period due to the increasing demand for high performance storage, power efficiency, and high reliability in various applications. Automotive is expected to witness the highest growth over the forecast period.

Asia Pacific will remain the largest region over the forecast period. Samsung, Intel, Western Digital, Micron, Toshiba, Seagate, Microsemi, Lite-On, SK Hynix, and Kingston are among the major manufacturers of solid state drives.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the solid state drive market by interface, form factor, technology, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Solid State Drive Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the solid state drive market by interface, form factor, technology, end use industry, and region as follows:

By Interface [$M shipment analysis for 2013 – 2024]:

  • SATA

  • SAS

  • PCIe

By Form Factor [$M shipment analysis for 2013 – 2024]:

  • 1.8”/2.5”

  • 3.5”

  • M.2

  • U.2 (SFF 8639)

  • FHHL and HHHL

By Technology [$M shipment analysis for 2013 – 2024]:

  • SLC

  • MLC Planar

  • MLC 3D

  • TLC Planar

  • TLC 3D

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Enterprise

    • Server attached

    • Storage attached

  • Client

    • Desktop PC

    • Notebook

    • Tablet

    • Others

  • Industrial

  • Automotive

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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