How Has The SSD Controllers Market Size Evolved In Recent Years?
The ssd controllers market has seen considerable growth due to a variety of factors.
• The market size for SSD controllers has seen a significant expansion in the past few years. The projections indicate a surge from $31.19 billion in 2024 to $36.38 billion in 2025, implying a compound annual growth rate (CAGR) of 16.6%.
Factors such as a heightened demand for SSDs, rising performance requirements, expansion in consumer electronics, growth in data centers, and decrease in costs have contributed to this growth during the historical period.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global SSD Controllers Market?
The ssd controllers market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience fast-paced enlargement in the coming years is the SSD controllers market, which is forecasted to escalate to a worth of $59.78 billion in 2029. This growth is projected at a CAGR of 13.2%.
The enlargement during the forecast period can be credited to elements such as the emergence of novel memory technologies, global expansion and budding markets, the advent of 5G and edge computing, smart manufacturing and the Internet of Things, along with standardization and industry-led initiatives. Key tendencies within this predicted period incorporate the adoption of NVMe, the provision of QLC NAND, compatibility with PCIe 4.0 and 5.0, the integration of artificial intelligence and machine learning, as well as QLC NAND support.
Which Drivers Are Accelerating Growth In The SSD Controllers Market?
The SSD controller market is predicted to expand, thanks to the growing requirements for cloud-based data centers. The concept of a cloud data center involves moving a typical on-site data center to a new location, where infrastructure is rented from a third-party partner by an enterprise. Instead of managing their own infrastructure, businesses access data center resources via the Internet. The rising requirements for data centers translate into a need for data storage, thus increasing the demand for SSD controllers. For example, AAG IT Services, a non-governmental organization headquartered in the United Kingdom, revealed in June 2024 that revenue from public cloud services jumped to over $415 billion in 2022, up from $343 billion in the previous year, and is anticipated to hit $526 billion by 2023. Consequently, the SSD controller market is being driven by the flourishing demand for cloud-based data centers.
What Are The Core Segments Of The Global SSD Controllers Market?
The SSD controllers market covered in this report is segmented –
1) By Type: Single Level Cell, Multi Level Cell, Triple Level Cell
2) By Storage: SATA, SAS, PCIe
3) By End-User: Enterprise, Automotive, Industrial, Other End-Users
Subsegments:
1) By Single Level Cell: Enterprise SLC SSD Controllers, Consumer SLC SSD Controllers
2) By Multi Level Cell: Enterprise MLC SSD Controllers, Consumer MLC SSD Controllers
3) By Triple Level Cell: Enterprise TLC SSD Controllers, Consumer TLC SSD Controllers
4) By Other Types: Quad Level Cell Controllers, Hybrid Controllers
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Which Emerging Trends Are Reshaping The SSD Controllers Market Size?
Leading companies within the SSD controllers market, such as Phison Electronics Corporation, are creating novel products like the Phison E31T to fulfil the surging requirements for SSD controllers. The Phison E31T, a PCIe 5.0 SSD controller tailored for SSDs, offers a speed of up to 10 GB/s. For example, in June 2023, Phison Electronics Corporation, an electronics establishment based in Taiwan, introduced the Phison E31T. Produced through a 7 nm process, it leverages the capabilities of an ARM Cortex-R5 CPU. It is fitted with four memory channels, down from the prior eight, a setup that could enhance power efficiency, partially due to the lack of a DRAM cache.
Who Are the Key Players in the SSD Controllers Market?
Major companies operating in the SSD controllers market include:
• Marvell Technology Group Ltd.
• Samsung Electronics Co. Ltd.
• Intel Corporation
• Toshiba Corporation
• Western Digital Corporation
• Micron Technology Inc.
• NetApp Inc.
• International Business Machines Corporation (IBM)
• Phison Electronics Corporation
• Silicon Motion Technology Corporation
• Seagate Technology LLC
• Microsemi Corporation
• Mushkin Inc.
• Lexar Media Inc.
• G.Skill International Enterprise Co. Ltd.
• Corsair Components Inc.
• Best IT World (India) Pvt. Ltd.
• CNEX Labs Inc.
• Greenliant Systems Ltd.
• Hyperstone GmbH
• Kioxia Corporation (formerly Toshiba Memory Corporation)
• SK hynix Inc.
• Realtek Semiconductor Corp.
• ADATA Technology Co. Ltd.
• Kingston Technology Corporation
• Synopsys Inc.
• NXP Semiconductors N.V.
What are the Regional Insights into the SSD Controllers Market?
North America was the largest region in the SSD controllers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the SSD controllers market share during the forecast period. The regions covered in the SSD controllers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
