China's SSDs Market Anticipated to Reach 44 Million Units by the End of 2018 Says TechSci Research
Market of HDDs is forecasted to decline comprehensively as the prices for SSDs are on the fall due to extensive demand from the customers
Online, December 5, 2013 (Newswire.com) - Solid State Drive (SSD) is an alternative to the HDD (Hard Disk Drive) storage device. SSDs market in China is on the rise since its introduction in consumer electronics applications, such as laptops (notebooks or ultrabooks), Tablet PCs, Desktop Enabled PCs, Server Systems and Smart Phones. SSDs' success is majorly due to its compact size and weight, longer run time, rapid data transfer rate and less latency.
According to the recently published report by TechSci Research "China Solid State Drive Market Forecast & Opportunities, 2018", China's SSD market has grown at higher pace when compared with rest of the world. The technology is relatively new in the market and is priced high, resulting in intact market for HDDs in China's storage market because of its economic price. However, market of HDDs is forecasted to decline comprehensively as the prices for SSDs are on the fall due to extensive demand from the customers.
The report highlights that SSDs market of China is anticipated to reach up to over 44 Million units by the end of 2018. The eastern region of China holds the highest share in the total SSDs market revenues during 2012 as a result of early adoption and heavy growth in personal computers market.
The key market leaders of China's SSD market are: Samsung Electronics, OCZ, Intel, Micron and KingSpec, where Samsung is dominant with significant share. The report indicates that next generation Ultrabooks and tablet PCs are expected to drive China's SSD shipments and is forecasted to get doubled in terms of sales by the end of 2013.
"Emerging mini SATA PCI-E (Peripheral Component Interconnect-Express) based SSDs have pushed the tablet PC, laptops and smartphones market in the past three years. PCI-E based SSDs for desktop PCs are priced very high, whereas Mini SATA PCI-E SSDs are almost priced half in China. Presently, Apple's iPhone based smartphones dominates the adoption of SSDs in mobile phones. The company such as ASUS has already launched its "ROG RAIDR Express PCI-E SSD" during 2013 for desktop PCs. Thus, other companies are also expected to enter into desktop PCs market, particularly in PCI-E SSDs segment over the next five years," said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"China Solid State Drive Market Forecast & Opportunities, 2018" has evaluated the future growth potential of China's solid state drives market globally and provides statistics and information on market structure, market trends, market size & share etc. The report includes solid state drives market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in accordance with China's solid state drives market.