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Automotive SSD Market– By Technology (SATA (Serial ATA), PCIe, Others), By Capacity (Below 128GB, 128GB to 256GB, 256GB to 512GB and Above 512GB), By Application (Infotainment Systems (Navigation, Entertainment, Connectivity), Advanced Driver Assistance Systems (ADAS) (Cameras, Sensors, LiDAR, Radar), Autonomous Driving System, Telematics (Vehicle Tracking, Remote Diagnostics, Over-the-air updates) and Others), By Vehicle Type (LCV, HCV, Passenger Cars), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.
Automotive SSD Market Overview:
The Automotive SSD Market size is estimated to reach $8.2 billion by 2030, growing at a CAGR of 10.5% during the forecast period 2023-2030. Advanced infotainment systems and connection functions are in high demand within the car sector. To store and retrieve multimedia material, navigational information, and other applications effectively, these systems need high-speed storage options like SSDs.
Additionally, the demand for dependable and high-performance storage solutions is being fueled by the emergence of autonomous cars and electric vehicles (EVs). Fast and responsive SSDs are essential because the enormous volumes of data that these vehicles collect from sensors, cameras, and other sources must be analyzed and stored in real-time.
Automotive SSD Market- Report Coverage:
The “Automotive SSD Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the automotive SSD market.
COVID-19 / Ukraine Crisis - Impact Analysis:
● The shortage of revenue from many businesses during the COVID-19 pandemic hurt Europe's economy. The region's solid-state drive supply chain was further impacted by the spread of new SARS-CoV-2 strains in the UK and other key European nations. The demand for SSDs in the area is at an all-time high since Europe is home to a well-established automotive sector. SSDs are a popular choice among autonomous automobiles and self-driving vehicles due to their enormous storage capabilities.
● The market for automotive SSDs will be impacted by the crisis between Russia and Ukraine, among other sectors. The manufacture and distribution of automotive components, particularly SSDs, will be affected by supply chain interruptions caused by geopolitical unrest in the area. Automobile SSD availability will decrease, costs will rise, product releases may be delayed, and production processes have be hampered as a result of these interruptions.
Key Takeaways:
● Fastest Growth of North America Region
Geographically, in the global Automotive SSD Market share, North America is analyzed to grow with the highest CAGR of 11.7% through 2030. The demand for high-performance storage solutions is being driven, first and foremost, by the region's growing use of electric cars (EVs) and autonomous vehicles. In order to efficiently handle and manage the significant amounts of data that EVs generate through their sensors, battery management systems, and advanced driver assistance systems (ADAS), it is necessary to have quick and dependable storage. SSDs are crucial for speedy decision-making and maintaining passenger safety since the development of autonomous cars primarily depends on real-time data processing. Second, the demand for high-capacity SSDs is being driven by the growth of sophisticated in-car entertainment and infotainment systems.
● SATA (Series ATA) Segment to Register the Highest Growth
In the Automotive SSD Market Analysis, the SATA (Series ATA) segment is estimated to grow with the highest CAGR of 11.9% during the forecast period 2023-2030. SATA SSDs are ideal for applications ranging from advanced driving assistance systems (ADAS) to infotainment systems because they combine large storage capacity, increased performance, and durability. The adoption of SATA SSDs has been propelled by the growing demand for data processing and storage capacities in the automobile industry, which is being pushed by the integration of AI, real-time navigation, and entertainment systems.
● Advanced Driver Assistance Systems (ADAS) Segment to Register the Highest Growth
In the Automotive SSD Market Analysis, the Advanced Driver Assistance Systems (ADAS) segment is estimated to grow with the highest CAGR of 12.4% during the forecast period 2023-2030. The demand for high-speed data access, low latency, and dependable storage solutions has increased as cars become increasingly networked and capable of sensor-driven decision-making. Automotive SSDs provide the required performance improvements over conventional storage mediums, enabling ADAS systems to quickly analyze sensor data, make split-second choices, and carry out actions essential for assuring passenger safety and improving driving ease.
A number of variables that coincide with the changing automotive environment have combined to make the spread of Advanced Driver Assistance Systems (ADAS) a significant catalyst for the growth of the Automotive SSD market. Real-time data processing and storage are crucial to ADAS technologies including automatic emergency braking, adaptive cruise control, and lane departure indication.
● Rapid Advancements in Connected Vehicle Technology Are a Key Factor Driving Market Growth
The rapidly advancing technology in connected automobiles is fueling the expansion of the Automotive SSD industry. Modern automobiles are no longer purely a means of transportation; instead, they are becoming data-intensive platforms that depend on constant connectivity for features like navigation, entertainment, remote diagnostics, and over-the-air upgrades. High-performance storage solutions are necessary given the spike in data creation and consumption. Automobile SSDs provide the speed, dependability, and toughness required to manage the flood of data while guaranteeing flawless user experiences. SSDs are evolving into necessary components and fueling the growth of the Automotive SSD market as vehicles become increasingly connected with IoT devices and edge computing capabilities.
● Rising Demand in Electric and Autonomous Vehicles is Driving Market Growth
The rising automotive SSD demand in electric and autonomous vehicles is a key growth factor for the market. As a way to manage battery data, transfer power, and optimize energy use, electric vehicles (EVs) need effective storage systems. Furthermore, as the automotive sector moves closer to autonomous driving, cars are developing into sophisticated data processing units on wheels that rely on intricate sensor arrays and artificial intelligence (AI) algorithms. SSDs are an essential technology because of the vast volume of data created by these systems, which calls for quick storage and retrieval. The quick decision-making and real-time processing required for EVs and autonomous vehicles are made possible by automotive SSDs, which supports the market's expansion.
● Complexity of Cost and Integration is a Restraining Market Growth.
The Automotive SSD industry has witnessed issues due to the price and integration complexity of SSDs. In terms of storage capacity, conventional storage options like hard disc drives (HDDs) continue to be more affordable than SSDs. The move to SSDs may be hampered by the higher upfront costs for automotive industry groups that are price-sensitive. Additionally, it can be challenging and time-consuming to smoothly integrate SSDs into current automotive systems, which frequently include a variety of software and hardware components. SSD adoption may be slowed down by compatibility problems and the necessity for strong driver support, particularly for businesses trying to minimize interruptions to their current production processes.
Automotive SSD Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the automotive SSD market. The top 10 companies in this industry are listed below:
1. Samsung Electronics
2. Western Digital Corporation
3. Micron Technology
4. SK Hynix
5. Toshiba Corporation
6. Kingston Technology
7. Seagate Technology
8. Intel Corporation
9. Adata Technology
10. Transcend Information
Scope of Report:
1. Automotive SSD Market- Overview
1.1. Definitions and Scope
2. Automotive SSD Market- Executive Summary
3. Automotive SSD Market- Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Automotive SSD Market- Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Automotive SSD Market– Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Automotive SSD Market- Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Automotive SSD Market– Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Automotive SSD Market– by Technology (Market Size – $Million/$Billion)
8.1. SATA (Serial ATA)
8.2. PCIe
9. Automotive SSD Market– by Capacity (Market Size – $Million/$Billion)
9.1. Below 128GB
9.2. 128GB to 256GB
9.3. 256GB to 512GB
9.4. Above 512GB
10. Automotive SSD Market– by Application (Market Size – $Million/$Billion)
10.1. Infotainment Systems
10.1.1. Navigation
10.1.2. Entertainment
10.1.3. Connectivity
10.2. Advanced Driver Assistance Systems (ADAS)
10.2.1. Cameras
10.2.2. Sensors
10.2.3. LiDAR
10.2.4. Radar
10.3. Autonomous Driving System
10.4. Telematics
10.4.1. Vehicle Tracking
10.4.2. Remote Diagnostics
10.4.3. Over-the-air updates
10.5. Others
11. Automotive SSD Market– by Geography (Market Size – $Million/$Billion)
11.1. North America
11.1.1. U.S
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. France
11.2.3. UK
11.2.4. Italy
11.2.5. Spain
11.2.6. Belgium
11.2.7. Netherlands
11.2.8. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. South Korea
11.3.4. India
11.3.5. Australia & New Zealand
11.3.6. Indonesia
11.3.7. Malaysia
11.3.8. Taiwan
11.3.9. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. Rest of The World
11.5.1. Middle East
11.5.2. Africa
12. Automotive SSD Market– Entropy
13. Automotive SSD Market– Industry/Segment Competition Landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. Automotive SSD Market– Key Company List by Country Premium Premium
15. Automotive SSD Market- Company Analysis
15.1. Samsung Electronics
15.2. Western Digital Corporation
15.3. Micron Technology
15.4. SK Hynix
15.5. Toshiba Corporation
15.6. Kingston Technology
15.7. Seagate Technology
15.8. Intel Corporation
15.9. Adata Technology
15.10. Transcend Information
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The Automotive SSD Market is projected to grow at 10.5% CAGR during the forecast period 2023-2030.
Global Automotive SSD Market size is estimated to be $3.9 billion in 2023 and is projected to reach $8.2 billion by 2030.
The leading players in the Automotive SSD Market are Samsung Electronics, Western Digital Corporation, Micron Technology, SK Hynix, Toshiba Corporation, and others.
Automotive SSDs make it possible for vehicles to be customized and personalized based on data, enabling automakers to provide specialized driving experiences and value-added services. are some of the major automotive SSD market trends in the industry which will create growth opportunities for the market during the forecast period.
The development of autonomous cars presents a huge potential for Automotive SSDs to deliver the high-speed storage necessary for sensor data fusion, mapping, and decision-making is a key factor driving the Market Growth are the driving factors of the market.