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The global heat-assisted magnetic recording (HAMR) device market showcases distinctive segmentation based on application and region, offering insights into its diverse landscape. In terms of applications, the market is categorized into laptop/notebook, servers, desktop, and other usage scenarios. Notably, the server segment emerged as the frontrunner in 2020, commanding the market with a valuation of USD 1.98 million. Projections indicate a remarkable trajectory for this segment, anticipated to experience the highest Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period. This exponential growth signifies the pivotal role of HAMR devices in server applications, underscoring the increasing need for enhanced storage solutions in server systems.
Geographically, the segmentation of the heat-assisted magnetic recording (HAMR) device market spans North America, Europe, Asia-Pacific, and the rest of the world, providing a comprehensive view of regional dynamics. Among these regions, North America led the market in 2020, boasting a market value of USD 0.79 million. Forecasts indicate that North America is poised to sustain its dominance, projected to register an impressive CAGR of 38.6%. This robust growth trajectory underscores the significance of the North American market in the adoption and proliferation of HAMR devices, reflecting the region's pivotal role in driving advancements and innovations in data storage technologies.
The segment-wise analysis offers valuable insights into the diverse applications driving the market's growth, with servers emerging as a key area of adoption for HAMR devices due to their indispensable role in data storage infrastructure. Similarly, the regional breakdown sheds light on the dominance of North America in HAMR device adoption, underlining the region's prominence in steering technological advancements and market expansion.
These segmentation insights provide a comprehensive understanding of the distinct market dynamics, offering stakeholders crucial information to navigate and capitalize on opportunities within specific applications and regions. As the demand for high-capacity data storage solutions continues to surge globally, the segmentation analysis serves as a strategic guide for stakeholders, aiding in targeted investments, product development, and market expansion initiatives within the burgeoning HAMR device landscape.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.05 Billion |
| Market Size Value In 2023 | USD 0.069 Billion |
| Growth Rate | 38.80% (2023-2032) |
Heat-Assisted Magnetic Recording Device Market Highlights:
Global Heat-Assisted Magnetic Recording (HAMR) Device Market Overview:
The heat-assisted magnetic recording (HAMR) device market size was valued at USD 0.069 Billion in 2023. The heat-assisted magnetic recording (HAMR) device industry is projected to grow from USD 0.095 Billion in 2024 to USD 0.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 33.39% during the forecast period (2024 - 2032). The growing need for data storage necessitates the development of more economical and efficient heat-assisted magnetic recording (HAMR) devices, and the increasing introduction of magnetic and digital technologies are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Heat-Assisted Magnetic Recording (HAMR) Device Market Trends
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The rising use of social media and analytical platforms is driving the market growth
Market CAGR for heat-assisted magnetic recording (HAMR) devices is driven by the increasing demand for analytical insights for decision-making across various industries. The requirement for additional data storage to support a massive data volume is growing exponentially owing to the substantial computing power. Enterprises leverage platforms and deliver advanced storage technologies with more accessibility and flexibility. Similarly, social media analytics encouraged end-users to adopt heat-assisted magnetic recording (HAMR) devices to provide real-time improved customer experience.
Additionally, the growing adoption of magnetic storage systems to cater to ever-rising data volumes, the offline nature of HDD storage technology, less frequent data backup, and low restoration speed in tape storage systems are anticipated to drive the demand for the hard disk drive market. Disk-based data backup devices have replaced tape storage devices as the preferred media for backups, as disks provide random access that enables various organizations to find specific data quickly. Therefore, less frequent data backup and low restoration speed in tape storage systems drive the heat-assisted magnetic recording (HAMR) device market revenue.
The increasing volume of data is driving organizations to adopt advanced data storage devices, which will affect the growth of the HDD market during the upcoming decade. Furthermore, the increase in investments by heat-assisted magnetic recording (HAMR) device manufacturers to produce enhanced HDD storage capacity formats will continue to define the market's future growth potential. According to the FMI assessment, the difference in BPS values seen for the market in H1, 2022 - Outlook (O) against H1, 2022 Projected (P) represents a 170-unit reduction. Owing to customers shifting their focus from traditional PCs to tablets, smartphones, and the latest PCs with solid-state drives (SSDs), HDD sales are falling.
Major players in the region are adopting numerous strategies to stay competitive in the market. For instance, In October 2020, a prominent American data storage company, Seagate Technology plc, announced that it would start shipping its 18TB SkyHawk Artificial Intelligence (AI) drives in volume. This drive is the first of its kind purpose-built hard drive for artificial intelligence (AI)-allowed surveillance solutions, which permits smarter and quicker decisions. This recent SkyHawk AI drive encourages machine learning and deep learning workload streams for ImagePerfectAI with Edge applications.
Heat-Assisted Magnetic Recording (HAMR) Device Market Segment Insights:
Heat-Assisted Magnetic Recording (HAMR) Device Type Insights
The heat-assisted magnetic recording (HAMR) device market segmentation, based on type, includes laptops/notebooks, servers, desktops, and others. The desktop segment dominated the market, accounting for 35% of market revenue (0.02 Billion). In developing economies, category growth is driven by an increase in the number of smart devices and the growing trend for IT centralization. Government initiatives to improve infrastructure and increase demand for heat-assisted magnetic recording (HAMR) devices are expected to boost the need for the market in the desktop segment. However, servers are the fastest-growing category due to growing innovative solutions based on the latest digital technologies, including artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML).
Figure 1: Heat-Assisted Magnetic Recording (HAMR) Device Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Heat-Assisted Magnetic Recording (HAMR) Device Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American heat-assisted magnetic recording (HAMR) device market will dominate due to the presence of major heat-assisted magnetic recording (HAMR) device providers and many data centers in this region. Further, the growing adoption of laptops and desktops generates heaps of data every day. Additionally, the German heat-assisted magnetic recording (HAMR) device market held the largest market share, and the UK heat-assisted magnetic recording (HAMR) device market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: HEAT-ASSISTED MAGNETIC RECORDING (HAMR) DEVICE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's heat-assisted magnetic recording (HAMR) device market accounts for the second-largest market share due to the shift in the technological trends of the consumer electronics industry is expected to support the growth of the market in this region. Further, the German heat-assisted magnetic recording (HAMR) device market held the largest market share, and the UK heat-assisted magnetic recording (HAMR) device market was the fastest-growing market in the European region.
The Asia-Pacific heat-assisted magnetic recording (HAMR) device market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increasing investment by developing economies such as India, Japan, Singapore, South East Asia, South Korea, and others contributing to market growth. The government endeavors to drive digital transformation across various economies to fuel the adoption of cloud technology across the region. Moreover, China’s heat-assisted magnetic recording (HAMR) device market held the largest market share, and the Indian heat-assisted magnetic recording (HAMR) device market was the fastest-growing market in the Asia-Pacific region.
Heat-Assisted Magnetic Recording (HAMR) Device Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the heat-assisted magnetic recording (HAMR) device market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the heat-assisted magnetic recording (HAMR) device industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the heat-assisted magnetic recording (HAMR) device industry to benefit clients and increase the market sector. Major players in the heat-assisted magnetic recording (HAMR) device industry market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.
Seagate Technology Holdings PLC manufactures electronic storage devices. The company designs and markets HDDs, solid-state drives (SSD), solid-state hybrid drives (SSHDs), and hard drives. Seagate's product portfolio comprises electronic data storage products, including storage subsystems, video, and image hard disk drives, network attached storage drives (NAS), desktop drives, notebook drives, and digital video recorders. It also delivers a wide range of software solutions to semiconductor manufacturers, enterprise storage, data center, and cloud service providers. The company provides various services such as backup and data recovery services, data migration, big data analytics, data restoration, high-performance computing, and video analytics. Seagate's products serve the requirements of enterprise, desktop, and mobile computing. The company offers products to original equipment manufacturers (OEMs), retailers, and distributors under its globally recognized brands, such as Maxtor and LaCie. In January 2022, Seagate declared it had started shipping enormous 22TB hard drives to some of its customers. The company uses shingled magnetic recording (SMR) technology to squeeze more terabytes out of its biggest industries. These highest-capacity drives provide better random read and write speeds than SMR disks but at a lower density.
Toshiba Corp is a diversified electronics, electrical equipment, and information technology enterprise. It designs, develops, produces, and sells storage devices, point-of-sale (POS) systems, energy-saving products and services, semiconductors, semiconductor manufacturing equipment, microwave semiconductors and components, tablets, home appliances products, power systems, transmission and distribution systems, and water treatment systems. It offers digital solutions, building solutions, power systems, and other social infrastructure solutions such as steam turbines for thermal power plants, wind and nuclear power generation systems, hydroelectric, secondary battery, energy supply systems, lighting, air-conditioning systems, elevators, and building and facility technologies. In February 2022, Toshiba announced that its 30TB disk drive would arrive by 2024. The company plans to leverage its proprietary recording technologies, like FC-MAMR, MAS-MAMR, and disk stacking tech, to enhance HDD capacities to 30TB by the end of March 2024.
Key Companies in the Heat-Assisted Magnetic Recording (HAMR) Device market include
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Western Digital Corporation
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Toshiba Corporation
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TDK Corporation
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Transcend
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ADATA Technology Co., Ltd.
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Cyxtera Technologies.
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Digital Ocean, LLC.
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Linode LLC.
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Equinix, Inc.
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Hewlett Packard Enterprise Development LP
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Buffalo Americas, Inc.
Heat-Assisted Magnetic Recording (HAMR) Device Industry Developments
March 2022: Toshiba Electronics Europe GmbH (TEE) announced that Toshiba Electronic Devices and Storage Corporation had developed a product development strategy for Nearline Hard Disk Drives (HDDs). The company has taken this initiative to facilitate further engineering innovations in HDD technology to increase storage capacities significantly.
November 2021: Seagate announced that it had created a hard disk drive using NVME protocol. According to the company, the successful development of the product can simplify the interfaces needed to transfer data to them and reduce the costs of owning HDD drives.
September 2021: Seagate announced it is working on next-gen HAMR hard drives with 30TB memory. Seagate's HAMR technology allows an increase in the density area of its HDDs significantly and rather quickly. The company is developing its second-generation HAMR drive and wants to ramp in volume.
Heat-Assisted Magnetic Recording (HAMR) Device Market Segmentation:
Heat-Assisted Magnetic Recording (HAMR) Device Application Outlook
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Laptop/Notebook
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Servers
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Desktop
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Others
Heat-Assisted Magnetic Recording (HAMR) Device Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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