Heat Assisted Magnetic Recording (HAMR) Devices Market Growth is Driven by Massive Expansion in Digital Data Volumes

Heat Assisted Magnetic Recording (HAMR) Devices Market Research Report: Insights by Application (Laptop/Notebook, Servers, Desktop and Others) and Region (North America, Europe, Asia- Pacific and Rest of the World) – Forecast to 2030

Market Highlights

The global Heat Assisted Magnetic Recording (HAMR) Devices market is expected to be valued at USD 287.42 million by the end of 2030, registering a CAGR of 38.8% during the forecast period.

Magnetic heat-assisted recording (HAMR) is a magnetic storage device that dramatically increases the amount of data stored on a magnetic device such as a hard disk drive by temporarily heating the disk material during writing, causing it to makes it much more reactive to magnetic effects. High-capacity data storage is more vital than ever as the use of cloud services, video content and image sharing expands in today’s work-from-home environment.

Several factors to support the growth of the market

Images and videos created or consumed for entertainment purposes, videos and images of functional applications such as advertising and security, productivity-oriented data such as files on PCs and servers, system logs and large amounts of databases created by embedded devices, machine-to-machine, and IoT are all examples of data-generating devices. All of this leads to more data as more traditional material is converted to digital, entertainment collections grow, and video and audio resolution improves. Additionally, increased disk capacity, higher performance, and a steady reduction in price per megabyte of storage are features that have piqued the curiosity of computer users. Additionally, heat-assisted magnetic recording (HAMR) devices are crucial for data storage in desktop and laptop computers, as well as larger-scale data servers. Due to the traditional manufacture of aluminum substrates, HAMR devices have grown in importance and appeal in recent years. Additionally, the growing popularity of cloud computing has spawned innovations such as big data, business flexibility, and digitalization, all of which have resulted in integrated data ecosystems. This has increased the demand for HAMR devices, which provide enormous storage while consuming minimal power, producing low noise and low heat.

Impact of COVID-19 on the global market

The growing need for data storage necessitates the development of more economical and efficient heat-assisted magnetic recording (HAMR) devices. HAMR device makers are already spending on R&D to deliver improved hard drives to businesses and consumers. High-performance hard drives with enhanced storage capacity are in high demand. The introduction of magnetic and digital technologies has drastically changed the landscape of the Heat Assisted Magnetic Recording (HAMR) device market.

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Segmentation:

The global Heat Assisted Magnetic Recording (HAMR) Devices market has been segmented on the basis of application and region.

Based on application, the global Heat Assisted Magnetic Recording (HAMR) Devices market has been segmented into Laptops/Laptops, Servers, Desktops and Others. The server segment accounted for the largest market share in 2020 and is expected to register a CAGR of 36.8% during the forecast period. Servers are expected to be a major application of HAMR drives and grow at a significant CAGR over the projected period. Servers have multiple hard drives depending on their physical size which can define the amount of physical storage the server can accommodate. For example, 1U server comes with two internal hard drives, but 4U servers can accommodate more than a few dozen hard drives.

Regional analysis

North America will dominate the global market

In 2020, North America held the largest market share of 39.9%. HAMR-compliant hard drives are expected to be widely used due to price differentiation and increased data storage capacities due to grain size reduction and signal noise improvement.

UK to witness global market growth

Due to the government’s digital transformation strategy, the UK is one of the fastest adopters of heat-assisted magnetic recording devices. Large enterprise IT managers are updating their core software systems and increasing IT spending for IoT, AI, and blockchain adoption to improve productivity in day-to-day business operations.

China will grow at an exponential rate

China has been growing at an exponential rate, which has benefited the entire economy of the country. Additionally, the country aspires to be a global innovation leader, technological powerhouse, manufacturing hub with cheap labor and other macro and microeconomic factors.

Main results of the study:

The Global Heat Assisted Magnetic Recording (HAMR) Devices Market is expected to reach a value of USD 287.42 Million by 2030 growing at a CAGR of around 38.8% during the forecast period of 2020 to 2030.
North America accounted for the largest market share in 2020 owing to the growing need for computing in end-use applications including business, media and entertainment, gaming, home, and data centers. data.
Asia-Pacific is expected to register the highest CAGR of over 41.3%. The increasing amount of data generated across industry verticals is expected to increase the adoption of HAMR storage devices over the forecast period.
The European market is expected to witness significant growth owing to the growing need for backup and recovery, networking, data center, cloud computing, mobile technology, virtualization, big data, and virtual machines.
The high adoption of blockchain technology for payments, smart contracts, and digital identities is expected to be a key growth opportunity for vendors operating in this market.

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Heat Assisted Magnetic Recording (HAMR) Devices Market Research Report: Insights by Application (Laptop/Notebook, Servers, Desktop and Others) and Region (North America, Europe, Asia- Pacific and Rest of the World) – Forecast to 2030

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