SSD Controller Market 2023-2030 | Growth Analysis by Leading Key Players: Marvell Technology Group, Micron Technology Inc
Research Reports
Mar 16, 2023
SSD Controller Market Insights
According to MRFR analysis, the global SSD Controller Market is expected to register a CAGR of 15.30% from 2021 to 2030 and hold a value of over USD 57.2 billion by 2030.
SSD controller is a processor that contains electronics designed to bridge the flash memory components to the host SSD input/output interfaces or computer. It is an embedded processor that distributes high performance with low cost and power efficiency. SSD controller embedded processor is designed to perform firmware-level software coding. Furthermore, an SSD controller is an electrical component controlled within a single integrated circuit (IC). The SSD controller embedded processor covers a 16 or 32-bit microcontroller. Moreover, SSD controllers hoist electrical interfaces such as SATA, USB, SAS, NAND, or a mixture of these interfaces. With the upswing in industrial-grade storage systems, SSD controller solutions are witnessing an increase in NAND flash system design, due to an upsurge in data transactions between the host interface and NAND flash arrays. Moreover, the emergence of 3D NAND technology has modernized the electronic storage solution market and is anticipated to drive the growth of the SSD controller industry in the imminent years. The emergence of COVID-19 has decayed the growth rate of the SSD controller market in 2020. Further, the market during COVID-19 was primarily hit by numerous obstacles, including the accessibility of resources, health &safety measures, deliverables, contractual obligations, and scheme delays or cancellations. Conversely, the surge in demand for security and cloud computing solutions is expected to drive the SSD controller industry growth during the estimated period.
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Key Players
Some of the key market players are
- Micron Technology Inc. (US),
- NetApp (US),
- IBM (US),
- Marvell Technology Group (UK),
- Samsung (South Korea),
- Intel (US),
- Toshiba (Japan),
- Western Digital (US),
- Phison Electronics Corporation (Taiwan), and
- Silicon Motion Technology Corporation (Taiwan)
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Regional Analysis
North America dominates the solid-state drive (SSD) controller market owing to the growing demand for automotive infotainment systems and next generation connected cars, increasing rapid increase in the demand for SSD from data centers, and growing modernization and technological advancements in the devices in this region.
Market Segmentation
The global SSD Controller Market has been segmented into type, storage interface, and application
Based on the Type, the global SSD Controller Market has been segmented into Single-level cells (SLC), Multi-level cells (MLC), Triple-level cells (TLC)
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Based on the Storage Interface, the global SSD Controller Market has been segmented into SATA, SAS, PCIe
Based on the Application, the global SSD Controller Market has been segmented into Data Center, Enterprise, Client, and Retail
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