North America Solid State Drive (SSD) Market Size, Share & Trends Analysis Report By Type (Internal and External), By Storage, By Country and Growth Forecast, 2024 - 2031

The North America Solid State Drive (SSD) Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031).

The US market dominated the North America 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 $15,549.6 Million by 2031. The Canada market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.4% during (2024 - 2031).

The solid state drive (SSD) market has witnessed rapid growth and transformation over the last decade, becoming a core component of modern computing and storage solutions. As industries and consumers demand faster, more reliable, and energy-efficient storage, SSDs have become a preferred choice over traditional Hard Disk Drives (HDDs) for various applications.

SSDs have become an essential part of many devices. These applications leverage the advantages of SSDs, such as speed, efficiency, and reliability, to optimize performance and drive innovation in multiple sectors. SSDs are now ubiquitous in consumer devices. Laptops and desktop computers, for instance, have largely replaced HDDs with SSDs due to the latter’s superior speed and durability.

The growth of manufacturing revenues in Canada directly supports the adoption of SSDs in consumer and industrial applications. The increased production and revenue in the computer and electronics industry suggest a higher integration of advanced components like SSDs, which enhance product competitiveness through faster performance, greater reliability, and energy efficiency. In addition, the USA is home to some of the largest data center operations in the world, including those managed by companies like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. These data centers require SSDs for their superior speed and reliability in handling large-scale data storage and retrieval. For example, Facebook (Meta) recently expanded its data center infrastructure, integrating high-capacity SSDs to optimize performance and energy efficiency. Hence, in both Canada and the USA, the steady growth of the electronics industry, coupled with advancements in technology, underscores the region’s critical role in shaping the market.

Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Samsung Electronics Co., Ltd. (Samsung Group)
• Seagate Technology LLC
• Toshiba Corporation
• Micron Technology, Inc.
• Western Digital Corporation
• Transcend Information, Inc.
• Kingston Technology Company, Inc.
• SK Hynix Inc.
• Microsemi Corporation (Microchip Technology)
• ADATA Technology Co., Ltd.

North America Solid State Drive (SSD) Market Report Segmentation

By Type

• Internal
• External

By Storage

• 120GB-320GB
• 320GB-500GB
• Under 120 GB
• 500GB-1TB
• Above 2TB
• 1TB-2TB

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Solid State Drive (SSD) Market, by Type
1.4.2 North America Solid State Drive (SSD) Market, by Storage
1.4.3 North America Solid State Drive (SSD) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jun – 2024, Nov) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America Solid State Drive (SSD) Market by Type
5.1 North America Internal Market by Country
5.2 North America External Market by Country

Chapter 6. North America Solid State Drive (SSD) Market by Storage
6.1 North America 120GB-320GB Market by Country
6.2 North America 320GB-500GB Market by Country
6.3 North America Under 120 GB Market by Country
6.4 North America 500GB-1TB Market by Country
6.5 North America Above 2TB Market by Country
6.6 North America 1TB-2TB Market by Country

Chapter 7. North America Solid State Drive (SSD) Market by Country
7.1 US Solid State Drive (SSD) Market
7.1.1 US Solid State Drive (SSD) Market by Type
7.1.2 US Solid State Drive (SSD) Market by Storage
7.2 Canada Solid State Drive (SSD) Market
7.2.1 Canada Solid State Drive (SSD) Market by Type
7.2.2 Canada Solid State Drive (SSD) Market by Storage
7.3 Mexico Solid State Drive (SSD) Market
7.3.1 Mexico Solid State Drive (SSD) Market by Type
7.3.2 Mexico Solid State Drive (SSD) Market by Storage
7.4 Rest of North America Solid State Drive (SSD) Market
7.4.1 Rest of North America Solid State Drive (SSD) Market by Type
7.4.2 Rest of North America Solid State Drive (SSD) Market by Storage

Chapter 8. Company Profiles
8.1 Samsung Electronics Co., Ltd. (Samsung Group)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Seagate Technology LLC
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.2.3 SWOT Analysis
8.3 Toshiba Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 SWOT Analysis
8.4 Transcend Information, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 Kingston Technology Company, Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Western Digital Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Micron Technology, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 SK hynix, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 SWOT Analysis
8.9 Microsemi Corporation (Microchip Technology Inc.)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. ADATA Technology Co., Ltd.
8.10.1 Company Overview

TABLE 1 North America Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 2 North America Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Solid State Drive (SSD) Market
TABLE 4 Product Launches And Product Expansions– Solid State Drive (SSD) Market
TABLE 5 North America Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 6 North America Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 7 North America Internal Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Internal Market by Country, 2024 - 2031, USD Million
TABLE 9 North America External Market by Country, 2020 - 2023, USD Million
TABLE 10 North America External Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 12 North America Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 13 North America 120GB-320GB Market by Country, 2020 - 2023, USD Million
TABLE 14 North America 120GB-320GB Market by Country, 2024 - 2031, USD Million
TABLE 15 North America 320GB-500GB Market by Country, 2020 - 2023, USD Million
TABLE 16 North America 320GB-500GB Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Under 120 GB Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Under 120 GB Market by Country, 2024 - 2031, USD Million
TABLE 19 North America 500GB-1TB Market by Country, 2020 - 2023, USD Million
TABLE 20 North America 500GB-1TB Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Above 2TB Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Above 2TB Market by Country, 2024 - 2031, USD Million
TABLE 23 North America 1TB-2TB Market by Country, 2020 - 2023, USD Million
TABLE 24 North America 1TB-2TB Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Solid State Drive (SSD) Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Solid State Drive (SSD) Market by Country, 2024 - 2031, USD Million
TABLE 27 US Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 28 US Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 29 US Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 30 US Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 31 US Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 32 US Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 33 Canada Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 34 Canada Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 35 Canada Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 36 Canada Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 37 Canada Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 38 Canada Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 39 Mexico Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 40 Mexico Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 41 Mexico Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 42 Mexico Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 43 Mexico Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 44 Mexico Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 45 Rest of North America Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 46 Rest of North America Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 47 Rest of North America Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 48 Rest of North America Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 49 Rest of North America Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 50 Rest of North America Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 51 Key Information – Samsung Electronics Co., Ltd.
TABLE 52 Key Information – Seagate Technology LLC
TABLE 53 Key Information – Toshiba Corporation
TABLE 54 key information – Transcend Information, Inc.
TABLE 55 Key Information – Kingston Technology Company, Inc.
TABLE 56 Key Information – Western Digital Corporation
TABLE 57 key information – Micron Technology, Inc.
TABLE 58 key information – SK hynix, Inc.
TABLE 59 Key Information – Microsemi Corporation
TABLE 60 Key information – ADATA Technology Co., Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Solid State Drive (SSD) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Solid State Drive (SSD)Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jun – 2024, Nov) Leading Players
FIG 8 Porter’s Five Forces Analysis – Solid State Drive (SSD) Market
FIG 9 North America Solid State Drive (SSD) Market share by Type, 2023
FIG 10 North America Solid State Drive (SSD) Market share by Type, 2031
FIG 11 North America Solid State Drive (SSD) Market by Type, 2020 - 2031, USD Million
FIG 12 North America Solid State Drive (SSD) Market share by Storage, 2023
FIG 13 North America Solid State Drive (SSD) Market share by Storage, 2031
FIG 14 North America Solid State Drive (SSD) Market by Storage, 2020 - 2031, USD Million
FIG 15 North America Solid State Drive (SSD) Market share by Country, 2023
FIG 16 North America Solid State Drive (SSD) Market share by Country, 2031
FIG 17 North America Solid State Drive (SSD) Market by Country, 2020 - 2031, USD Million
FIG 18 SWOT Analysis: Samsung Electronics Co., Ltd.
FIG 19 Recent strategies and developments: Seagate Technology LLC
FIG 20 SWOT Analysis: SEAGATE TECHNOLOGY LLC
FIG 21 SWOT Analysis: Toshiba Corporation
FIG 22 SWOT Analysis: Kingston Technology Company, Inc.
FIG 23 SWOT Analysis: WESTERN DIGITAL CORPORATION
FIG 24 SWOT Analysis: Micron Technology, Inc.
FIG 25 SWOT Analysis: SK Hynix, Inc.
FIG 26 SWOT Analysis: Microchip Technology Incorporated