Heat-Assisted Magnetic Recording (HAMR) Device Market Growth Opportunities, Strategies, Industry Analysis, Demand Forecast and Impact of COVID

Heat-Assisted Magnetic Recording (HAMR) Device Market Overview:

The heat-assisted magnetic recording (HAMR) device market is expected to grow at a CAGR of more than 38.8 percent by the end of 2030, reaching USD 287.42 million. Heat-assisted magnetic recording (HAMR) is a magnetic storage system that considerably enhances the amount of data that can be recorded on a magnetic device such as a hard disk drive by briefly heating the disc material during recording, making it much more sensitive to magnetic effects. Customers’ purchasing behavior is mostly influenced by advancements in industrial automation and associated technologies, according to HAMR device makers. The growing need for data storage necessitates the development of more economical and efficient heat-assisted magnetic recording (HAMR) technologies.

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Manufacturers of HAMR devices are already spending on R&D to give improved hard disks to businesses and consumers.  Hard disc drives with increased storage capacity are in high demand. The introduction of magnetic and digital technologies has drastically altered the market for heat-assisted magnetic recording (HAMR) devices. As a result of production shutdowns, the greater usage of electronic components in modern manufacturing has an impact on the consumer market. Even though raw resources are plentiful, manufacturers are unable to make components quickly enough to meet the ever-increasing demand. Increased demand and uncertainty in raw material pricing affect supply chains, making it harder for enterprises to achieve returns on investment.

Market Segmentation:

By application: The market for heat-assisted magnetic recording (HAMR) devices is divided into laptops/notebooks, servers, desktops, and others. HAMR technology increases hard drive storage capacity by packing more data bits (also known as grains) onto each square inch of disk platter surface using media magnetic technology and heat to record and read the data. Furthermore, hard drive manufacturers are spending substantially to deliver hard drives with capacities of more than 40TB in the next years, and 100TB capacity by 2030.

Regional Classification:

Heat-assisted magnetic recording (HAMR) device markets have been researched in Asia-Pacific, North America, Europe, and the Rest of the World. North America had the largest market share of 39.9 percent in 2020. Because of the price difference and greater data storage capacity owing to grain size reduction and decreased signal noise, HAMR-enabled hard drives are expected to be widely employed. The United Kingdom is one of the region’s quickest adopters of heat-assisted magnetic recording devices as a result of the government’s digital transformation policy. IT managers from large enterprises are upgrading 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 has risen at an exponential rate, adding to the entire economy of the country. Furthermore, the country aspires to be a worldwide leader in innovation, a technologically advanced manufacturing powerhouse with inexpensive labor, and other macro and microeconomic aspects.

Industry News:

The following are the most prominent players in this industry which are as follows: Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation are key participants in the worldwide heat-assisted magnetic recording (HAMR) device market (Japan).

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