China Solid State Drive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Chinese Solid State Drive Market is expected to register a CAGR of approximately 12% during the forecast period (2021 - 2026). Solid-state drives use flash memory chips for storing information. SSD is made of several memory chips installed on a circuit board. Production of China-based NAND vendors was not severely affected by the outbreak of novel COVID-19. This is because the plants are highly automated, have relatively low demands for the workforce, and the operators also stocked up with raw materials.
Key HighlightsThe Chinese Solid State Drive Market is moderately consolidated due to a few major vendors based in the country. As the entry barriers in the market are high, the entry of new players is difficult. The existing market players view product developments and innovations as a lucrative path toward expansion of market share.
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