The Asia Pacific Solid State Drive (SSD) Market would witness market growth of 16.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Solid State Drive (SSD) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,559.7 Million by 2031. The Japan market is registering a CAGR of 15.8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 17.3% during (2024 - 2031).
In the automotive industry, SSDs are used for applications like in-vehicle navigation systems, infotainment, and autonomous driving technology. In industrial applications, SSDs are employed in mission-critical systems requiring extreme durability, such as robotics, automation, and medical devices, where speed, reliability, and resistance to shock and vibration are essential.
The adoption of SSDs has been one of the most notable technological shifts in storage. One of the most significant drivers behind the adoption of SSDs is the demand for high performance. SSDs offer much faster read/write speeds than HDDs, making them ideal for applications requiring rapid data access. This performance boost has made SSDs a natural choice for environments that require high-speed processing, such as cloud computing, video editing, gaming, and data analytics.
India’s emergence as the second-largest mobile phone manufacturer globally, with $15.5 billion in exports in FY24 and a projected $80 billion growth in the electronics manufacturing services (EMS) industry by 2027, underlines its importance in the market. The electronics manufacturing sector’s rapid expansion, growing at 33% annually, drives the need for advanced storage technologies like SSDs, which are integral to enhancing the performance and efficiency of electronic devices. China’s cloud computing industry, with a remarkable 40.91% growth in 2022 to reach 455 billion yuan (approximately $63.37 billion), far outpacing the global growth rate of 19%, is a critical driver for SSD demand. As cloud services and data centers are key consumers of SSDs, the rapid expansion of China’s cloud infrastructure underscores the increasing reliance on high-speed, durable, and energy-efficient storage solutions. Thus, India’s flourishing electronics manufacturing industry and China’s surging cloud computing industry are transformative forces for the market.
Free Valuable Insights: The Global Solid State Drive (SSD) Market is Predict to reach USD 59.20 Billion by 2031, at a CAGR of 15.7%
Based on Type, the market is segmented into Internal and External. Based on Storage, the market is segmented into 120GB-320GB, 320GB-500GB, Under 120 GB, 500GB-1TB, Above 2TB, and 1TB-2TB. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type
By Storage
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 