Global Heat-Assisted Magnetic Recording (HAMR) Device Market to Hit USD 0.96 BN by 2032
Research Reports
Sep 27, 2023
Heat-Assisted Magnetic Recording (HAMR) Device Market Insights
The heat-assisted magnetic recording (HAMR) device market witnesses a significant revenue rise. The vast adoption of HAMR devices by hard drive manufacturing companies is a key driving force. Besides, heavy investments to offer hard drives with more than 40TB capacities and 100TB capacities boost market revenues. Rising deployments in HAMR devices drive the market growth, enabling this market to garner significant traction.
Moreover, the increasing adoption of HAMR technologies in various burgeoning industries substantiates the market size. According to Market Research Future (MRFR), the global heat-assisted magnetic recording device market is poised to escalate from USD 0.05 BN in 2022 to USD 0.96 BN by 2032, growing at a 38.80% CAGR throughout the review period (2023 – 2032).
Hard drive uses are growing due to their price-effective, extensive data storage capacities, reduced grain size, and better signal noise. Additionally, increasing IT spending to adopt IoT, AI, and blockchain technologies to enhance productivity in day-to-day business operations creates significant market opportunities.
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Consumers use faster solid-state drives (SSDs) for their storage needs, whereas bigger companies use high-capacity HDDs, scaling data centers like Google, Apple iCloud, and One Drive. Furthermore, technological advances accelerate the growth of the market. Over the last couple of years, the demand for HAMR has been growing due to its advanced features and benefits.
Global HAMR Device Market – Segments
The market report is segmented into applications and regions. Of these, the application segment comprises laptops/notebooks, servers, desktops, and others. The region segment comprises the Asia-Pacific, Americas, Middle East & Africa, Latin America, Europe, and the rest of the world.
Heat-Assisted Magnetic Recording Device Market – Geographical Analysis
North America accounts for the dominating share in the global heat-assisted magnetic recording device market. The strong presence of notable industry players and their investments to upgrade HAMR technology, alongside the high industry standards, drive the market growth.
Besides, rising demand for major industries to increase the production line and ensure maximum output fosters the region’s market shares. Vast adoption of HAMR devices in laptops/notebooks, servers, desktops, and large enterprises to upgrade their core software systems boosts the market size. Additionally, vast digital transformation and government initiatives substantiate market revenues.
Heat-Assisted Magnetic Recording (HAMR) Device Market – Competitive Analysis
Highly competitive, the global HAMR device market appears fragmented, with the presence of several notable players. To gain a competitive advantage, players incorporate strategic initiatives such as mergers & acquisitions, expansion, and product & technology launches.
Key Players:
Leading players in the HAMR device market are Seagate Technology LLC, Western Digital Corporation, Toshiba Corporation, ADATA Technology Co., Ltd., Transcend, Hewlett Packard Enterprise Development LP, Buffalo Americas, Inc. , and TDK Corporation, among others.
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Industry/Innovation/Related News:
Nov. 01, 2021 — Ansys, a global leader in engineering simulation, announced a multi-year agreement with Seagate Technology, a leading global player in mass data storage solutions, expanding the use of Ansys’ simulation solutions to advance data storage worldwide.
Seagate has been implementing Ansys’ multiphysics simulation software in product innovation, from the smallest components in chip development to the largest units in the full assembly of hard drives. Seagate has recently embraced Ansys’ tools in developing its Heat-Assisted Magnetic Recording (HAMR) technology. With HAMR, Seagate demonstrates the increase in data bit-density, resulting in significantly higher capacity drives.
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