Hard Disk Drive Market Report 2025 (Global Edition)

Global Hard Disk Drive Market Report 2025 Market Size Split by Drive Type (Portable HDDs, Desktop HDDs, Network-attached Storage HDDs), by Storage Capacity (Less than 250GB, Above 1TB, 250GB - 1TB), b...

Hard Disk Drive Market Report Description

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Hard Disk Drive Market Insights Video

Competitive Landscape of the Hard Disk Drive Market

The competitive landscape of the hard disk drive (HDD) market is dominated by key players such as Western Digital Corporation, Seagate Technology PLC, and Toshiba Electronic Devices and Storage Corporation. These companies compete based on factors like product innovation, technological advancements, pricing strategies, and market reach. Additionally, there are other players like Samsung Electronics Co., Ltd., Fujitsu Limited, and Micron Technology, Inc. The market is characterized by continuous research and development efforts to improve storage capacities, performance, and reliability of HDDs.

In January 2023, Seagate unveiled the debut of the inaugural 30+ TB hard drive, pioneering the use of its heat-assisted magnetic recording (HAMR) technology. This announcement underscores Seagate's dedication to introducing HDDs boasting capacities exceeding 50 TB within the coming years. (Source: https://www.seagate.com/in/en/news/news-archive/seagates-breakthrough-30tb-plus-hard-drives-ramp-volume-marking-an-inflection-point-in-the-storage-industry-pr/). In June 2023, Seagate provided a glimpse into its roadmap for heat-assisted magnetic recording (HAMR) technology, offering hints about its first HAMR hard drive boasting a capacity of 32TB. This drive is designed with 10 disks and 20 heads, showcasing Seagate's innovative approach to storage technology. (Source: https://www.seagate.com/in/en/innovation/hamr/)

Top Companies Market Share in Hard Disk Drive Industry: (In no particular order of Rank)

• Western Digital Corporation (United States)
• Seagate Technology PLC (United States)
• Toshiba Electronic Devices and Storage Corporation (Japan)
• Samsung Electronics Co. Ltd. (South Korea)
• Hitachi Global Storage Technologies (HGST) (United States)
• Fujitsu Limited (Japan)
• Maxtor Corporation (United States)
• IBM Corporation (United States)
• SanDisk Corporation (United States)
• Micron Technology Inc. (United States)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Hard Disk Drive Market

Which Region Dominates the Hard Disk Drive Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the hard disk drive (HDD) market due to several factors. Firstly, the region is home to major HDD manufacturers such as Western Digital Corporation and Seagate Technology PLC, which drive innovation and market penetration. Secondly, North America boasts a robust IT infrastructure and a significant presence of key industries such as data centers, cloud computing, and enterprise storage, driving substantial demand for HDDs. Additionally, favorable government policies, technological advancements, and high consumer purchasing power contribute to the region's market dominance. Furthermore, strong collaborations between industry players and research institutions foster continuous development and adoption of HDD technologies, further solidifying North America's position as the largest market for HDDs.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Hard Disk Drive market due to several compelling reasons. Firstly, rapid industrialization and urbanization in countries like China, India, and Japan are driving the demand for data storage solutions across various sectors. Additionally, increasing adoption of cloud computing, digitalization, and e-commerce is fueling the need for large-scale data storage infrastructure. Moreover, the presence of major HDD manufacturers and favorable government initiatives further contribute to the region's accelerated growth in the HDD market.

 

The current report Scope analyzes Hard Disk Drive Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hard Disk Drive

According to Cognitive Market Research, the global Hard Disk Drive market size was estimated at USD 19658.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 860.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• North America is growing in the hard disk drive (HDD) market due to its established IT infrastructure, significant presence of key industries like data centers and cloud computing, and the presence of major HDD manufacturers.
• Additionally, favorable government policies, technological advancements, and high consumer purchasing power contribute to the region's growth in HDD adoption and market expansion.
• Segmentation analysis further highlights the popularity of Desktop HDDs, Portable HDDs, and Network-attached Storage HDDs in the region, catering to different consumer preferences and requirements. Desktop HDDs are growing in North America due to the region's established IT infrastructure, significant presence of key industries like data centers, and high consumer demand for personal computing devices.
• In conclusion, North America presents a lucrative market opportunity for Hard Disk Drive manufacturers, fueled by its robust IT infrastructure, presence of key industries, favorable policies, and technological advancements.
• According to Cognitive Market Research, the US had a major share in the Hard Disk Drive market with a market size of USD 6,204.13 million in 2024 and is projected to grow at a CAGR of 0.1% during the forecast period. The demand is amplified by the nation's technological innovation, robust consumer demand, and a diverse range of applications propel consistent growth.
• The Canada Hard Disk Drive market had a market share of USD 943.59 million in 2024 and is projected to grow at a CAGR of 1.1% during the forecast period. Canada's robust consumer demand and a diverse range of applications to increased usage of Hard Disk Drive.
• The Mexico Hard Disk Drive market is projected to witness growth at a CAGR of 0.8% during the forecast period with a market size of USD 715.56 million in 2024.

Europe Hard Disk Drive

According to Cognitive Market Research, the global Hard Disk Drive market size was estimated at USD 19658.2Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 645.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• Europe's growth in the hard disk drive (HDD) market is driven by increasing demand from industries such as data centers, healthcare, and automotive. The region's emphasis on data privacy and security regulations also contributes to HDD adoption.
• Additionally, technological advancements and investments in research and development further propel growth in the European HDD market.
• Segmentation analysis further highlights the adoption of different drive type in the region, with Desktop HDDs, Portable HDDs, and Network-attached Storage HDDs being the dominant categories. Desktop HDDs are growing in Europe due to expanding IT infrastructure, rising demand from industries such as data centers, and increasing adoption of personal computing devices among consumers and businesses in the region.
• In conclusion, Europe represents a lucrative market for Hard Disk Drive manufacturers, due to increasing demand from key industries, data privacy regulations, technological advancements, and investments in research and development.
• The United Kingdom Hard Disk Drive market had a market share of USD 990.77 million in 2024 and is projected to grow at a CAGR of 1.4% during the forecast period. In the UK, Hard Disk Drive sales witness an upswing due to the nation's technological innovation, increasing consumer demand, and diverse application opportunities.
• The France Hard Disk Drive market is projected to witness growth at a CAGR of -0.2% during the forecast period with a market size of USD 542.57 million in 2024.
• According to Cognitive Market Research, the Germany Hard Disk Drive market size was valued at USD 1,167.7 million in 2024 and is projected to grow at a CAGR of 0.8% during the forecast period. In Germany, Hard Disk Drive sales surge due to the nation's technological innovation, increasing consumer demand.
• The Italy Hard Disk Drive market is projected to witness growth at a CAGR of 0.0% during the forecast period with a market size of USD 507.18 million in 2024.
• The Russia Hard Disk Drive market is projected to witness growth at a CAGR of -0.4% during the forecast period with a market size of USD 914.11 million in 2024.
• The Spain Hard Disk Drive market is projected to witness growth at a CAGR of -0.3% during the forecast period with a market size of USD 483.59 million in 2024.
• The Luxembourg Hard Disk Drive market is projected to witness growth at a CAGR of 0.7% during the forecast period with a market size of USD 182.82 million in 2024.
• The Portugal Hard Disk Drive market is projected to witness growth at a CAGR of 0.4% during the forecast period with a market size of USD 123.85 million in 2024.
• The Greece Hard Disk Drive market is projected to witness growth at a CAGR of 0.9% during the forecast period with a market size of USD 70.77 million in 2024.
• Rest of Europe Hard Disk Drive market is projected to witness growth at a CAGR of -0.7% during the forecast period with a market size of USD 914.11 million in 2024.

Asia Pacific Hard Disk Drive

According to Cognitive Market Research, the global Hard Disk Drive market size was estimated at USD 19658.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 494.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• The Asia Pacific region is experiencing growth in the hard disk drive (HDD) market due to rapid industrialization, urbanization, and the expanding IT sector. Increasing demand for data storage solutions across various industries, coupled with the presence of major HDD manufacturers and favorable government initiatives, are driving the region's accelerated growth in HDD adoption and market expansion.
• Segmentation analysis reveals a diverse range of storage capacity for Hard Disk Drive, including Less than 250GB, 250GB - 1TB, and Above 1TB, catering to the varied needs of consumers across different demographics and industries. Less than 250GB storage capacity is growing in Asia Pacific due to rising demand for affordable storage solutions in emerging markets and increasing adoption of personal computing devices among consumers.
• In conclusion, the Asia Pacific region presents immense growth opportunities for Hard Disk Drive manufacturers, driven by rapid industrialization, expanding IT sector, increasing demand for data storage solutions, and favorable government initiatives.
• According to Cognitive Market Research, the China Hard Disk Drive market size was valued at USD 2,034.62 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Hard Disk Drive sales surge in China due to the nation's technological innovation, increasing consumer demand, and a burgeoning electronics market.
• The Japan Hard Disk Drive market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 623.95 million in 2024.
• The India Hard Disk Drive market had a market share of USD 542.57 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. The demand is augmented by India's rapid urbanization, increasing disposable income.
• The South Korea Hard Disk Drive market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 452.14 million in 2024.
• The Australia Hard Disk Drive market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 235.11 million in 2024.
• The South East Asia Hard Disk Drive market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 311.98 million in 2024.
• The Rest of Asia Pacific Hard Disk Drive market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 321.02 million in 2024.

South America Hard Disk Drive

According to Cognitive Market Research, the global Hard Disk Drive market size was estimated at USD 19658.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 107.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• Latin America's growth in the hard disk drive (HDD) market is influenced by expanding IT infrastructure, rising digitalization, and increasing adoption of data-intensive applications. Moreover, the region's growing e-commerce sector and the emergence of cloud computing contribute to the demand for HDDs.
• Additionally, investments in infrastructure development and favorable economic conditions further stimulate growth in the Latin American HDD market.
• Segmentation analysis reveals a diverse range of storage capacity for Hard Disk Drive, including Less than 250GB, 250GB - 1TB, and Above 1TB, catering to the varied needs of consumers across different demographics and industries. Less than 250GB storage capacity is growing in Latin America due to expanding digitalization, rising demand for budget-friendly devices, and increasing adoption of personal computing devices among consumers in the region.
• In conclusion, Latin America presents significant growth opportunities for Hard Disk Drive manufacturers, driven by expanding IT infrastructure, rising digitalization, growing e-commerce, and investments in infrastructure development, supported by favorable economic conditions.
• According to Cognitive Market Research, the Brazil Hard Disk Drive market size was valued at USD 420.7 million in 2024 and is projected to grow at a CAGR of 2.1% during the forecast period. Hard Disk Drive sales flourish in Brazil due to the nation's favourable market conditions and increasing consumer demand for portable HDDs.
• The Argentina Hard Disk Drive market had a market share of USD 165.13 million in 2024 and is projected to grow at a CAGR of 2.4% during the forecast period. The demand is augmented due to expanding digitalization, rising demand for data storage solutions across various industries, increasing adoption of personal computing devices, and growing awareness of the importance of data backup and storage.
• The Colombia Hard Disk Drive market is projected to witness growth at a CAGR of 1.3% during the forecast period with a market size of USD 87.48 million in 2024.
• The Peru Hard Disk Drive market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 70.77 million in 2024.
• The Chile Hard Disk Drive market is projected to witness growth at a CAGR of 0.6% during the forecast period with a market size of USD 158.25 million in 2024.
• The Rest of Latin America Hard Disk Drive market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 17.32 million in 2024.

Middle East Hard Disk Drive

According to Cognitive Market Research, the global Hard Disk Drive market size was estimated at USD 19658.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 43.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• It is fueled by increasing investments in IT infrastructure, expanding data center facilities, and rising adoption of cloud computing services.
• Additionally, the region's growing population and urbanization drive demand for data storage solutions. Furthermore, government initiatives aimed at digital transformation and economic diversification contribute to the growth of the HDD market in this region.
• Segmentation analysis reveals a diverse range of drive types for Hard Disk Drive in Latin America, including Desktop HDDs, Portable HDDs, and Network-attached Storage HDDs. Desktop HDDs drive type is growing in the Middle East and Africa due to increasing investments in IT infrastructure, rising demand from industries, and expanding adoption of personal computing devices.
• In conclusion, MEA presents significant growth opportunities for Hard Disk Drive manufacturers, propelled by investments in IT infrastructure, expanding data center facilities, rising adoption of cloud computing, and government initiatives for digital transformation.
• The GCC Countries Hard Disk Drive market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 168.3 million in 2024. This is due to rapid industrialization, expanding IT infrastructure, rising demand for data storage solutions in various sectors, and increasing adoption of personal computing devices.
• The Egypt Hard Disk Drive market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 41.28 million in 2024.
• The South Africa Hard Disk Drive market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 62.12 million in 2024. This is expanding IT infrastructure, increasing digitalization across various sectors, rising demand for data storage solutions, and growing adoption of personal computing devices.
• The Turkey Hard Disk Drive market is projected to witness growth at a CAGR of 1.3% during the forecast period with a market size of USD 33.81 million in 2024.
• The Nigeria Hard Disk Drive market is projected to witness growth at a CAGR of 0.9% during the forecast period with a market size of USD 41.28 million in 2024.
• The Rest of MEA Hard Disk Drive market is projected to witness growth at a CAGR of 0.8% during the forecast period with a market size of USD 46.39 million in 2024.

Hard Disk Drive Market Analysis

Hard Disk Drive Market Segment Analysis

According to Cognitive Market Research Desktop HDDs drive type stands out as the dominating category. Desktop HDDs drive type has captured the largest market share in the hard disk drive (HDD) market due to their widespread use in personal computers, workstations, and gaming consoles. These drives offer high capacities at relatively lower costs, making them popular choices for consumers and businesses seeking affordable storage solutions. Additionally, desktop HDDs are compatible with a wide range of devices and applications, further contributing to their dominance in the market.

Portable HDDs drive type emerges as the fastest-growing category in the Hard Disk Drive market. Portable HDDs drive type is experiencing the highest compound annual growth rate (CAGR) in the hard disk drive (HDD) market due to increasing demand for portable storage solutions. These drives offer convenience, mobility, and large storage capacities, making them ideal for consumers and professionals who require on-the-go access to their data. Additionally, advancements in technology have led to smaller form factors and higher durability, further driving the growth of portable HDDs.

• Portable HDDs
• Desktop HDDs
• Network-attached Storage HDDs

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hard Disk Drive Industry. Request a Free Sample PDF!

Hard Disk Drive Market Storage Capacity Segment Analysis

According to Cognitive Market Research, the dominating category is Less than 250GB. The segment of hard disk drives (HDDs) with less than 250GB storage capacity has captured the largest market share due to several factors. These smaller-capacity HDDs are often more affordable and are commonly used in budget-friendly devices such as entry-level laptops, desktops, and gaming consoles. Additionally, they cater to applications with lower storage requirements, making them popular choices for consumers seeking cost-effective storage solutions for everyday computing needs.

The fastest-growing category in the Hard Disk Drive market is Above 1TB. The segment of hard disk drives (HDDs) with storage capacities above 1TB is experiencing the highest compound annual growth rate (CAGR) due to increasing demand for higher-capacity storage solutions. This growth is driven by factors such as the exponential growth of data generated by digital content, data-intensive applications, and cloud computing services. Additionally, advancements in HDD technology have made it possible to achieve larger capacities while maintaining affordability and reliability, further fueling market expansion.

• Less than 250GB
• Above 1TB
• 250GB - 1TB

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hard Disk Drive Drive Interface Segment Analysis

According to Cognitive Market Research, the dominating category is USB 3.0 drive interface. The USB 3.0 drive interface has captured the largest market share in the hard disk drive (HDD) market due to its widespread compatibility and superior data transfer speeds compared to previous USB versions. As consumers and businesses seek faster and more efficient data transfer solutions, USB 3.0 offers significant advantages, making it the preferred choice for external HDDs. Additionally, the prevalence of USB 3.0 ports in modern devices further contributes to its market dominance.

The fastest-growing category in the Hard Disk Drive market is USB 3.1 Gen1 drive interface. The USB 3.1 Gen1 drive interface is experiencing the highest compound annual growth rate (CAGR) in the hard disk drive (HDD) market due to its improved data transfer speeds and backward compatibility with USB 2.0 and 3.0 devices. As consumers and businesses increasingly demand faster and more efficient data transfer capabilities, USB 3.1 Gen1 offers a compelling solution, driving its adoption in external HDDs and contributing to its rapid market growth.

• USB 3.0
• USB 2.0
• USB 3.1 Gen1
• USB 3.1 Gen2
• Ethernet
• Others

Hard Disk Drive Power Source Segment Analysis

According to Cognitive Market Research, the dominating category is Small Facility power source. The small facility power source has captured the largest market share in the hard disk drive (HDD) market due to its suitability for personal computing devices, such as laptops and small form factor desktops. These power sources provide sufficient energy to operate HDDs efficiently while being compact and energy-efficient. Additionally, their widespread use in portable and consumer electronics devices contributes to their dominance in the market.

The fastest-growing category in the Hard Disk Drive market is USB Port. The USB port power source is experiencing the highest compound annual growth rate (CAGR) in the hard disk drive (HDD) market due to its convenience and versatility. With the proliferation of USB-enabled devices and the increasing demand for portable storage solutions, HDDs powered directly from USB ports offer seamless connectivity and portability. Additionally, advancements in USB technology, such as USB 3.0 and USB-C, provide faster data transfer speeds and higher power delivery capabilities, further driving the growth of USB-powered HDDs.

• Small Facility
• AC Adapter
• USB Port
• eSATA Bus
• Plug-in

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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