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

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

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.

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.

Multiple Factors to Bolster Market Growth

Images and video created or consumed for entertainment, video, and images from functional applications such as advertising and security, productivity-driven data such as files on PCs and servers, system logs, and significant 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 improve. Furthermore, increased drive capacity, higher performance, and steadily reducing prices per megabyte of storage are features that have piqued the curiosity of computer users. Moreover, 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 manufacturing of aluminum substrates, HAMR devices have risen in significance and appeal in recent years. Additionally, the rising 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 demand for HAMR devices, which provide enormous storage while consuming minimal power, producing little noise and little heat.

COVID-19 Impact on the Global Market

The growing need for data storage necessitates the development of more economical and efficient heat-assisted magnetic recording (HAMR) devices. Manufacturers of HAMR devices are already spending in R&D to give improved hard discs to businesses and consumers. High-performance hard disc drives with enhanced storage capacity are in high demand. The introduction of magnetic and digital technologies has drastically altered the landscape of the market for heat-assisted magnetic recording (HAMR) devices.

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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.

Regional Analysis

North America to Dominate the Global Market

In 2020, North America held the greatest market share of 39.9%. HAMR-enabled hard drives are predicted to be widely used due to price differentiation and increased data storage capacities due to reduction in grain size and improved signal noise.

The UK to Witness Growth in the Global Market

Due to the government's digital transformation strategy, the United Kingdom is one of the region's fastest adopters of heat-assisted magnetic recording devices. IT managers from large enterprises are updating their core software systems and increasing IT spending on the adoption of IoT, AI, and blockchain to improve productivity in day-to-day business operations.

China to Grow at an Exponential Rate

China has risen at an exponential rate, which has benefited the country's total economy. Furthermore, the country aspires to be a global leader in innovation, a technological powerhouse, a manufacturing hub with inexpensive labor, and other macro and microeconomic factors.

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

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