The Global Hard Disk Drive Market size is estimated at USD 19.93 billion in 2024, and is expected to decline to USD 15.53 billion by 2029.
The hard disk drive (HDD) market is fiercely competitive, with numerous well-established players driving advancements in HDD technology to counter challenges posed by emerging storage technologies. To fortify their positions, these vendors are actively engaging in strategies like mergers and acquisitions to bolster their technical capabilities and market reach. Among the key players are Seagate Technology Holdings plc, Western Digital Corporation, Toshiba Corporation, Hewlett Packard Enterprise Development LP, and Sony Corporation.
In October 2023, Western Digital will launch a plan to divide its HDD and Flash businesses, aiming to amplify each division's potential for pioneering technology and product development. This strategic separation is anticipated to empower both entities to seize unique growth prospects, reinforce their leading positions, and operate more efficiently through distinct capital structures.
Additionally, in June 2023, Seagate unveiled insights into its roadmap for heat-assisted magnetic recording (HAMR) technology, teasing details about its inaugural HAMR hard drive with a 32TB capacity based on 10 disks and 20 heads.
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