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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The global Heat-Assisted Magnetic Recording 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.
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 active in the global heat-assisted magnetic recording (HAMR) device market include Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation (Japan).
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