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Comprehensive Ball Grid Array SSD Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Ball Grid Array SSD Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for the ball grid array SSD has experienced vigorous expansion in recent years. The projections suggest an upturn from $9.81 billion in 2024 to $11.47 billion in 2025, marking a compound annual growth rate (CAGR) of 16.9%. Factors that have contributed to growth during the past period include amplified demand for data storage, an uptick in cloud reliance, the boom of IoT devices, the necessity for high-velocity storage, and the proliferation of smartphone use.
Ball Grid Array SSD Market Size Forecast: What's the Projected Valuation by 2029?
The market size for ball grid array SSD is predicted to experience a swift expansion in the following years, reaching an anticipated value of $22.04 billion by 2029, with a CAGR of 17.7%. This projected expansion during the forecast period could be explained by a surge in AI adoption, an increasing demand for edge storage, a broader employment in automation, a higher usage of smart devices, and a climb in autonomous vehicle adoption. Noteworthy developments in the forecast duration involve technological breakthroughs, the upward trend in NAND layer count, advancements in edge AI storage, the incorporation of CXL technology, and the design of more energy-efficient SSD.
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What Are the Drivers Transforming the Ball Grid Array SSD Market?
The growth of the ball grid array SSD market is anticipated to be fuelled by the burgeoning gaming sector. Taking into account the creation, distribution, and earning potential of video games across a variety of platforms such as consoles, PCs, and mobile devices, the gaming industry is expanding. Powered by progress in graphics technology and robust equipment, the gaming industry has seen significant growth, contributing to more engaging and lifelike experiences. BGA SSD enhances the gaming ordeal by facilitating quicker loading times, dependable storage, and a sleek design for improved gameplay. For instance, data from December 2024 by the Economics Observatory, a UK establishment that studies economic data, showcased that video game spending in the UK escalated from $9.5 billion in 2022 to $10.0 billion in 2023, and is projected to climb above $10.0 billion by 2027, providing support to over 2,500 enterprises and 75,000 jobs. Consequently, the booming gaming industry is stimulating the expansion of the ball grid array SSD market.
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What Are the Key Trends Driving Ball Grid Array SSD Market Growth?
Leading businesses in the ball grid array SSD market are concentrating on the development of pioneering products such as rugged storage solutions to amplify durability and performance in harsh environments. Defined by its robustness, a rugged storage solution is a data storage apparatus developed for tolerating severe conditions encompassing shock, vibration, temperature, and moisture. To put it into perspective, Exascend, a company specializing in custom storage solutions in China, introduced the AS500 BGA SSD in May 2024. This product, suitable for self-driving vehicles, provides rugged storage solutions and features a PCIe 4.0 NVMe performance, high resilience, a broad temperature coverage (-40°C to 85°C), resistance to shock and vibration, in addition to AES-256 encryption to safeguard data. Its compact BGA form ensures durability in hostile conditions, making it a perfect fit for automotive applications driven by artificial intelligence (AI).
Which Segments in the Ball Grid Array SSD Market Offer the Most Profit Potential?
The ball grid array ssd market covered in this report is segmented -
1) By Type: Consumer Solid State Drive (SSDs), Enterprise Solid State Drive (SSDs)
2) By Technology: 3D NAND, Multi-Level Cell (MLC), Triple-Level Cell (TLC), Quad-Level Cell (QLC), Single-Level Cell (SLC)
3) By Interface Type: Serial Advanced Technology Attachment (SATA), Peripheral Component Interconnect Express (PCIe), Non-Volatile Memory Express (NVMe), Serial Attached SCSI (SAS)
4) By Storage Capacity: Below 256 Gigabyte (GB), 256 Gigabyte (GB) To 512 Gigabyte (GB), 512 Gigabyte (GB) To 1 Terabyte (TB), 1 Terabyte (TB) To 2 Terabyte (TB), Above 2 Terabyte (TB)
5) By End Use Industry: Consumer Electronics, Enterprise Storage, Healthcare, Gaming, Data Centers
Subsegments:
1) By Consumer Solid State Drive (SSDs): Gaming Laptops And Consoles Storage, Ultrabooks And Tablets Storage, Personal Computing Storage
2) By Enterprise Solid State Drive (SSDs): Data Center And Cloud Storage, AI And Machine Learning Workloads Storage, High-Performance Computing (HPC) Storage
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Which Firms Dominate the Ball Grid Array SSD Market by Market Share and Revenue in 2025?
Major companies operating in the ball grid array ssd market are Samsung Electronics Co. Ltd., Intel Corporation, SK Hynix Inc., Toshiba Corporation, Western Digital (WD), Kingston Technology, Micron Technologies, BIWIN STORAGE TECHNOLOGY CO. LTD., Viking Technology, Phison Electronics Corporation, ADATA Technology, Silicon Motion, Apacer Technology Inc., Innodisk Corporation, Swissbit AG, Exascend, Greenliant Systems, Maxio Technology, Flexxon, ATP Electronics, Silicongo.
Which Regions Offer the Highest Growth Potential in the Ball Grid Array SSD Market?
Asia-Pacific was the largest region in the ball grid array SSD market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the ball grid array ssd market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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