Hard Disk Market Research Report—Global Forecast till 2030

Global Hard Disk Market Research Report: Information by Type (Hard Disk Drives (HDD), Solid-State Drives (SSD), and Hybrid Disk Drives (HHD)), Substrate (Aluminum and Glass), Application (Notebook, Desktop, Servers, and Others), and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa)—Forecast till 2030

ID: MRFR/SEM/6834-CR | August 2021 | Region: Global | 145 pages

Impact of COVID-19 on the Hard Disks Market

A hard disk drive is an electromechanical data storage device that usages magnetic storage to store and recover digital data. It is widely used in data centers and personal computers. The increasing need for data storage facilities among enterprises and the introduction of reliable and advanced SSDs is fueling the demand for hard disks. The COVID-19 pandemic has rapidly spread across the globe. People are compelled to stay at home to contain the spread of the virus. The rising number of people staying at home has led to increased Internet usage, which is boosting the demand for online video/audio streaming, downloading, as well as video conferencing on apps such as Zoom. The increased Internet usage during the lockdown has resulted in the generation of vast amounts of data, which needs to be managed by data center facilities across the world. Data centers are processing these significant amounts of data, which leads to the adoption of hard disks and thus drives the growth of the market. However, on the flip side, the halt in construction activities and delays caused in the construction of new data centers due to the COVID-19 pandemic has lowered the adoption of hard disk drives, which is hindering the growth of the market. Besides, due to the decreasing shipment of personal computers before the pandemic, the hard disk market has witnessed a decline in the revenue.

During the pandemic, the wide adoption of the work from home policy caused a short-term rise in the demand for PCs and other systems for remote work; however, it has also driven the demand for data centers that support cloud-based and remote work, in turn, driving the demand for nearline HDDs for majority secondary storage and SSDs for primary storage throughout 2020. The COVID-19 pandemic has disrupted HDD production in Q1 2020, especially in China and Southeast Asian HDD and HDD-component production sites in Thailand and Malaysia. The demand for nearline storage in Q2 2020 is expected to continue as more work is being done remotely. The nearline HDDs are estimated to provide the highest growth in HDD shipments and shipped storage capacity in the near future.

Global Shipment of HDD from 2015 to 2025 (Units in Million)

Impact Analysis