Solid States Drives Market Scenario 2035

Report Details:

15 Companies Covered

90 Pages

Request Free Sample

Solid-State Drives Global Market Estimated To Perceive Accrued Value with a Staggering CAGR; MRFR Unleashes Industry Insights Up To 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Solid-State Drive (SSD) Market” that contains information from 2021 to 2035. The SSD market is estimated to register a CAGR of 14.20% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Solid-State Drive (SSD) Market — Samsung (South Korea), Intel (US), Micron Technology Inc. (US), Western Digital (US), and SK Hynix (South Korea).

Solid-State Drives Market Highlights

The Global Solid-State Drive (SSD) Market is accounted to register a CAGR of 14.20% during the forecast period and is estimated to reach USD 156.86 Billion by 2035, up from USD 36.40 Billion in 2024.

The market growth is primarily driven by the rising adoption of cloud computing, expansion of data centers, and increasing demand for high-performance storage solutions across enterprises and consumers. As organizations transition toward digital infrastructure and AI-driven workloads, SSDs offer the speed, reliability, and efficiency required for real-time data processing.

The technological evolution of 3D NAND, PCIe, and NVMe interfaces has further enhanced storage performance, durability, and capacity, solidifying SSDs as the preferred choice over traditional hard drives.

Recent industry developments — including Micron’s 232-layer QLC NAND SSD for data centers, SK hynix’s USD 3.87 billion U.S. chip facility, and Samsung’s mass production of 9th-generation V-NAND — have accelerated SSD innovation, especially for AI, machine learning, and enterprise cloud applications.

Additionally, the client segment continues to dominate due to the growing integration of SSDs in laptops, gaming consoles, and ultrabooks, while the enterprise segment is rapidly expanding with the need for scalable and energy-efficient data storage.

Segment Analysis

The Global Solid-State Drive (SSD) Market has been segmented based on Interface, Technology, Storage Capacity, End User, and Region.

By Interface: SATA, SAS, and PCIe. The SATA interface dominated the market in 2021 due to cost-effectiveness, while PCIe-based SSDs are witnessing the fastest growth, driven by their superior performance and widespread adoption in enterprise and high-performance systems.

By Technology: SLC, MLC Planar, MLC 3D, TLC Planar, and TLC 3D. The TLC Planar segment captured a major share owing to lower cost per GB and high adoption in consumer devices. Continuous innovation in MLC and TLC technologies is expected to drive growth across applications.

By Storage Capacity: Under 500 GB, 500 GB–1 TB, 1 TB–2 TB, and Above 2 TB. The 1 TB–2 TB and Above 2 TB categories are expanding rapidly, particularly for gaming, multimedia, and enterprise storage needs.

By End User: Enterprise, Client, Industrial, and Automotive. The Client segment held the largest share, with growing consumer adoption in personal systems. The Enterprise segment is projected to grow fastest, supported by the expansion of cloud infrastructure and mission-critical applications.

Region Analysis

By Region, the Solid-State Drive (SSD) Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

North America led the global market, valued at USD 12.05 Billion in 2021, driven by rapid digitalization, 5G deployment, and extensive data center investments in the U.S. and Canada.

Europe ranked second, fueled by the widespread adoption of smart devices and increasing investment in IT infrastructure.

Asia-Pacific is expected to witness the fastest CAGR through 2035, supported by high demand in China, Japan, and India, growing industrial digitization, and large-scale SSD manufacturing expansions.

Key Findings of the Study

The Global Solid-State Drive (SSD) Market is expected to reach USD 156.86 Billion by 2035, at a CAGR of 14.20% during the forecast period.

Asia-Pacific accounted for the fastest-growing regional market.

Based on Interface, the SATA segment dominated the market in 2024.

Based on End User, the Client segment held the largest market share in 2024.

Key market players include Samsung, Intel, Micron Technology Inc., Western Digital, and SK Hynix.