Market Analysis
Market Research Future (MRFR) estimates the global heat-assisted magnetic recording (HAMR) device market Size to reach USD 287.42 million at a CAGR of over 38.8% from 2021 to 2030 (forecast period).
Multiple Factors to Bolster Market Growth
Images and video created or consumed for entertainment, video, and images from functional applications such as advertising and security, productivity-driven data such as files on PCs and servers, system logs, and significant amounts of databases created by embedded devices, machine to machine, and IoT are all examples of data-generating devices. All of this leads to more data as more traditional material is converted to digital, entertainment collections grow, and video and audio resolution improve. Furthermore, increased drive capacity, higher performance, and steadily reducing prices per megabyte of storage are features that have piqued the curiosity of computer users. Moreover, heat-assisted magnetic recording (HAMR) devices are crucial for data storage in desktop and laptop computers, as well as larger-scale data servers. Due to the traditional manufacturing of aluminum substrates, HAMR devices have risen in significance and appeal in recent years. Additionally, the rising popularity of cloud computing has spawned innovations such as big data, business flexibility, and digitalization all of which have resulted in integrated data ecosystems. This has increased demand for HAMR devices, which provide enormous storage while consuming minimal power, producing little noise and little heat.
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COVID-19 Impact on the Global Market
The growing need for data storage necessitates the development of more economical and efficient heat-assisted magnetic recording (HAMR) devices Size. Manufacturers of HAMR devices are already spending in R&D to give improved hard discs to businesses and consumers. High-performance hard disc drives with enhanced storage capacity are in high demand. The introduction of magnetic and digital technologies has drastically altered the landscape of the market for heat-assisted magnetic recording (HAMR) devices.
As a result of production shutdowns, the greater use of electronic components in modern manufacturing has an impact on the consumer market. Manufacturers are unable to make components quickly enough to meet the ever-increasing demand due to production unavailability, despite the fact that raw resources are plentiful. Increased demand and unpredictability in raw material costs have an impact on supply chains, making it difficult for businesses to obtain returns on investment.
Market Segmentation
The global heat-assisted magnetic recording (HAMR) device industry Size has been segmented on the basis of application.
By application, the global heat-assisted magnetic recording (HAMR) device market Size has been segmented into laptop/notebook, servers, desktops, and others.
Regional Analysis
North America to Dominate the Global Market
In 2020, North America held the greatest market share of 39.9%. HAMR-enabled hard drives are predicted to be widely used due to price differentiation and increased data storage capacities due to reduction in grain size and improved signal noise.
The UK to Witness Growth in the Global Market
Due to the government's digital transformation strategy, the United Kingdom is one of the region's fastest adopters of heat-assisted magnetic recording devices. IT managers from large enterprises are updating 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 to Grow at an Exponential Rate
China has risen at an exponential rate, which has benefited the country's total economy. Furthermore, the country aspires to be a global leader in innovation, a technological powerhouse, a manufacturing hub with inexpensive labor, and other macro and microeconomic factors.
Key Players
Key players active in the global heat-assisted magnetic recording (HAMR) device market include Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation (Japan).
Industry News
In November 2020, Seagate Technology released a product that uses heat-assisted magnetic recording (HAMR) technology in its forthcoming hard drives. This innovative technology reduces grain size while improving signal noise, although it is more expensive than its perpendicular magnetic recording (PMR) counterparts due to the necessary laser heating diode.
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