Heat-Assisted Magnetic Recording (Hamr) Device Market Survey, In-depth Analysis, Share, Key Findings and Company Profiles | Impact of COVID-19

 Market Analysis

The global heat assisted magnetic recording device market will reach USD 287.42 million at a stellar 38.8% CAGR by 2030, states the latest Market Research Future (MRFR) report.

Drivers

Increasing Adoption in Convenient Consumer Electronic to Boost Market Growth

The increasing adoption of heat assisted magnetic recording device in various convenient consumer electronics like music players, mobile phones, digital cameras, and personal digital assistance (PDAs) will boost market growth over the forecast period.

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Market Segmentation

The global Heat-Assisted Magnetic Recording Device Market Analysis has been bifurcated based on application.

By application, the servers segment will lead the market over the forecast period at a 36.8% CAGR. Servers have various hard drives resting on their physical size which can help in defining the amount of physical storage that the server can accommodate. 

 Opportunities

Demand for Data Storage by Businesses to offer Robust Opportunities

The growing need for data storage by businesses, cloud service providers, and corporate data centers will offer robust opportunities for the market over the forecast period. Data storage devices have been as well as continue in remaining pervasive in entertainment, consumer, communication, and computing systems.

Restraints

Fall in Demand for HDDs to act as Market Restraint

The fall in demand for hard disk drives (HDDs) due to modification in apps from PCs to servers that is limiting the manufacturing of drives such as HAMR may act as market restraint over the forecast period.

Challenges

Manufacturing Complexity to act as Market Challenge

The manufacturing complexity of heat assisted magnetic recording device that includes fabrication of accurate magnetic media with minute grain size as well as other factors like positions and temperature of the laser may act as market challenge over the forecast period. Besides, the manufacturing of heat assisted magnetic recording device is highly cost inefficient that may impede market growth.

COVID-19 Analysis

COVID-19 outbreak had a major influence on various industries across the globe, leading to travel prohibitions, delay in various firms’ supply chains, and global lockdown. The crisis had a negative impact on commodities, customers, and businesses the world over. China accounted for above half of every semiconductor use worldwide. The dependency on China has hit global supply chains as the outbreak impacted both companies and people alike. There has been a restriction in transportation and manufacturers cannot resume complete operations because of the epidemic revealing the hazards to rely on single sites for critical products like semiconductors. Manufacturers of hard disk faced a fall in demand from several end-use industries. China is the biggest exporter of hardware devices. It accounts for almost 50% of almost every system hardware device export. Due to the pandemic, the IT sector is likely to experience significant disruptions in the next few decades.

Regional Analysis

North America to Spearhead Heat Assisted Magnetic Recording Device Market

North America will spearhead the heat assisted magnetic recording device market over the forecast period for the increasing need for computing across end-use applications such as data centers, individuals, gaming, media and entertainment, and business.

Key Players

Eminent industry players profiled in the heat assisted magnetic recording device market report include Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation (Japan).

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About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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