Heat-Assisted Magnetic Recording (HAMR) Device Market Set to Exceed USD 559.53 Billion by 2030

Heat-Assisted Magnetic Recording (HAMR) Device Market Report Scope:

As revealed by SNS Insider's comprehensive research, the Heat-Assisted Magnetic Recording (HAMR) Device Market, valued at USD 39.29 billion in 2022, is on a trajectory to achieve a staggering market size of USD 559.53 billion by 2030. This remarkable journey anticipates an exceptional compound annual growth rate of 39.1% from 2023 to 2030, marking an era of rapid evolution in data storage technologies.
A Heat-Assisted Magnetic Recording (HAMR) device is at the forefront of magnetic storage methods for hard drives, employing a small laser to heat a specific portion of the disc where data is written. This innovation significantly enhances the data storage capacity of hard disc drives by briefly heating the disc material during recording, making it more responsive to magnetic effects. HAMR device manufacturers attribute customers' purchasing behavior to advancements in industrial automation and related technologies.

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Key Players Covered in this market report are:

Western Digital Corporation
Toshiba Corporation
Fujitsu
Seagate Technology
TDK Corporation
Showa Denko

Market Analysis:

The Heat-Assisted Magnetic Recording (HAMR) Device Market is experiencing an unprecedented surge, driven by a convergence of influential factors. Firstly, the colossal surge in digital data volume, necessitated by various industries, demands cutting-edge storage solutions. Here, HAMR technology emerges as a frontrunner, excelling in maximizing storage capacities to meet the escalating data needs. Secondly, the pervasive use of smart devices, including smartphones, laptops, and tablets, intensifies the requirement for hard disc drives that not only exhibit durability but also boast substantial storage capacities. Lastly, the burgeoning popularity of cloud computing acts as a significant catalyst, propelling the demand for HAMR devices as efficient and scalable solutions for contemporary data storage challenges.

Segment Analysis:

Within the HAMR device market, segmentation based on application reveals dominance in various domains. The technology's capacity to increase hard drive storage by packing more data bits onto each square inch of the disc platter surface positions HAMR as a transformative force in servers, laptops, notebooks, desktops, and other applications.

Heat-Assisted Magnetic Recording (HAMR) Market Segmentation as Follows:

BY APPLICATION:
Servers
Laptop
Notebook
Desktop
Others

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Key Regional Development:

In the global landscape, North America emerges as the dominant force in the HAMR Device Market. HAMR-enabled hard drives gain widespread deployment due to price differentiation, increased data storage capacities, and advancements in grain size reduction and signal noise improvement. The United Kingdom, propelled by its digital transformation strategy, stands out as a rapid adopter of HAMR devices. Large enterprise IT managers in North America prioritize core software upgrades and increased spending on IoT, AI, and blockchain adoption, enhancing day-to-day business operations. China, with its rapid growth and aspirations for global technological leadership, contributes significantly to the market's overall vibrancy.

Key Takeaways:

- HAMR technology represents a revolutionary leap in data storage capacities, poised to meet the escalating demands of the digital era.
- North America's leadership is characterized by widespread adoption, driven by advanced technological adoption and strategic government initiatives.
- The HAMR Device Market is not merely a growth trajectory but a transformative journey, offering unparalleled data storage solutions.

Recent Developments:

- Seagate has amplified its Exos Corvault 4RU self-healing storage system, utilizing HAMR technology to achieve a staggering 2.5 petabytes in capacity.
- Toshiba America Electronic Components, a Toshiba subsidiary, has unveiled the first 3.5-inch hard disk using traditional magnetic recording methods, reaching an impressive 16TB capacity.

Table of Content - Analysis of Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Heat-Assisted Magnetic Recording (HAMR) Market Segmentation, By Application 
9. Regional Analysis
10. Company Profiles
11. Competitive Landscape
12. Conclusion

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Akash Anand - Head of Business Development & Strategy
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This release was published on openPR.