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 Heat-Assisted Magnetic Recording Device Industry growth over the forecast period.
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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.
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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