Heat-Assisted Magnetic Recording Device Market Leading Key Players, Market Segments by Forecast to 2027

 Market Analysis

Market Research Future (MRFR) estimates the global heat-assisted magnetic recording (HAMR) device market Size to reach USD 287.42 million at a CAGR of over 38.8% from 2021 to 2030 (forecast period).

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COVID-19 Impact on the Global Market

The growing need for data storage necessitates the development of more economical and efficient Heat-Assisted Magnetic Recording Device Market Size. Manufacturers of HAMR devices are already spending in R&D to give improved hard discs to businesses and consumers. High-performance hard disc drives with enhanced storage capacity are in high demand. The introduction of magnetic and digital technologies has drastically altered the landscape of the market for heat-assisted magnetic recording (HAMR) devices.

Market Segmentation

The global heat-assisted magnetic recording (HAMR) device industry Size has been segmented on the basis of application.

By application, the global heat-assisted magnetic recording (HAMR) device market Size has been segmented into laptop/notebook, servers, desktops, and others. 

Regional Analysis

North America to Dominate the Global Market

In 2020, North America held the greatest market share of 39.9%. HAMR-enabled hard drives are predicted to be widely used due to price differentiation and increased data storage capacities due to reduction in grain size and improved signal noise.

The UK to Witness Growth in the Global Market

Due to the government's digital transformation strategy, the United Kingdom is one of the region's fastest adopters of heat-assisted magnetic recording devices. IT managers from large enterprises are updating their core software systems and increasing IT spending on the adoption of IoT, AI, and blockchain to improve productivity in day-to-day business operations.

China to Grow at an Exponential Rate

China has risen at an exponential rate, which has benefited the country's total economy. Furthermore, the country aspires to be a global leader in innovation, a technological powerhouse, a manufacturing hub with inexpensive labor, and other macro and microeconomic factors.

Key Players

Key players active in the global heat-assisted magnetic recording (HAMR) device market include Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation (Japan).

Industry News

In November 2020, Seagate Technology released a product that uses heat-assisted magnetic recording (HAMR) technology in its forthcoming hard drives. This innovative technology reduces grain size while improving signal noise, although it is more expensive than its perpendicular magnetic recording (PMR) counterparts due to the necessary laser heating diode.

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