The Business Research Company’s report on the Automotive Solid State Drive Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the automotive solid state drive market?
The growing autonomous vehicles are expected to propel the growth of the automotive solid-state drive market going forward. Autonomous vehicles are self-driving cars equipped with advanced sensors, cameras, and artificial intelligence to navigate without human intervention. Autonomous vehicle adoption is growing due to advancements in artificial intelligence (AI)-driven safety systems that reduce accidents. Automotive solid-state drives enable autonomous vehicles to quickly process and store large amounts of data from sensors, ensuring efficient real-time navigation and decision-making. For instance, in August 2022, according to the Insurance Institute for Highway Safety, a US-based nonprofit organization dedicated to improving road safety by conducting research and testing on vehicles, the number of self-driving vehicles on U.S. roads is expected to reach 3.5 million by 2025 and 4.5 million by 2030. Therefore, the growing autonomous vehicles are driving the growth of the automotive solid-state drive market.
Rise In Electric Vehicle Adoption Driving The Growth Of The Market Due To Increasing Demand For Advanced Data Processing
The growing popularity of electric vehicles (EVs) is expected to propel the growth of the automotive solid-state drive market going forward. Electric vehicles (EVs) are vehicles powered by electric motors, using electricity stored in rechargeable batteries instead of gasoline or diesel. The popularity of electric vehicles (EVs) is rising due to advancements in battery technology, enabling longer ranges and faster charging. Governments worldwide are implementing incentives and stricter emission regulations, encouraging EV adoption. Automotive solid-state drives (SSDs) enhance electric vehicles (EVs) by providing faster data processing, greater reliability, and improved efficiency for systems such as battery management, autonomous driving, and infotainment. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, in 2023, global electric car registrations reached 14 million, bringing the total on the road to 40 million, a 35% increase from 2022. Therefore, the growing popularity of electric vehicles (EVs) is driving the growth of the automotive solid-state drive market.
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How has the automotive solid state drive market size evolved, and what are the latest forecasts for its expansion?
The automotive solid-state drive market size has grown strongly in recent years. It will grow from $2.01 billion in 2024 to $2.21 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the rise in automotive data, the increase in in-vehicle computing, the growth in electric vehicles, the expansion of infotainment systems, and the rising use of edge computing.
The automotive solid-state drive market size is expected to see strong growth in the next few years. It will grow to $3.20 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growing autonomous vehicle adoption, increasing 5G-enabled vehicles, rising demand for AI-driven storage, increasing adoption of smart dashboards, and rising in-vehicle entertainment demand. Major trends in the forecast period include technological advancements in NAND, integration of AI-based storage, advancements in thermal management, and advanced memory technology.
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Which major companies dominate the automotive solid state drive market?
Major companies operating in the automotive solid state drive market are Samsung Electronics Co. Ltd., Intel Corporation, SK Hynix Inc., Micron Technology Inc., Toshiba Corporation, Western Digital Corporation, Seagate Technology PLC, Phison Electronics Corporation, Innodisk Corporation, BIWIN Storage Technology, Adata Technology Co. Ltd., Transcend Information Inc., Longsys Electronics Co.Ltd., Silicon Power Computer & Communications Inc., Netac Technology, Plextor LLC, Team Group Inc., Kioxia Corporation, Exascend, Viking Technology.
What trends will shape the future of the automotive ceramics market?
Major companies operating in the automotive solid-state drive market are focusing on technological innovations such as V-NAND technology to improve storage capacity, data processing speeds, and reliability. V-NAND (Vertical NAND) is a type of flash memory technology where memory cells are stacked vertically in multiple layers to increase storage capacity, performance, and efficiency. For instance, in September 2024, Samsung Electronics Co. Ltd., a South Korea-based technology company, launched the first automotive SSD utilizing 8th-generation V-NAND technology. This new SSD is engineered to support advanced driver assistance systems (ADAS), in-vehicle infotainment (IVI), and autonomous driving applications. It offers high reliability, durability, and fast data processing. With its low power consumption, extended lifespan, and superior performance, this innovation reinforces Samsung’s position in the rapidly growing automotive memory market.
Which region dominates the automotive solid state drive market, and what factors contribute to its leadership?
North America was the largest region in the automotive solid state drive market in 2024. The regions covered in the automotive solid state drive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the automotive solid state drive market segmented, and which segment holds the largest share?
The automotive solid state drive market covered in this report is segmented –
1) By Type: 256 Gigabyte (GB), 500 Gigabyte (GB), 1 Terabyte (TB), Above 1 Terabyte (TB)
2) By Technology: Serial Advanced Technology Attachment (SATA), Peripheral Component Interconnect Express (PCIe), Other Technologies
3) By Vehicle Type: Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Passenger Cars
4) By Application: Infotainment Systems, Advanced Driver Assistance Systems (ADAS), Autonomous Driving System, Telematics
Subsegments:
1) By 256 Gigabyte (GB): Infotainment Systems Storage, Navigation Data Storage, Telematics And Connectivity Storage
2) By 500 Gigabyte (GB): Advanced Driver Assistance Systems (ADAS) Storage, In-Vehicle Entertainment Storage, Vehicle Data Logging
3) By 1 Terabyte (TB): High-Resolution Mapping And Autonomous Driving Data Storage, AI-Based Predictive Maintenance Storage, Event Data Recorder (EDR) Storage
4) By Above 1 Terabyte (TB): Full Autonomous Driving System Data Storage, Edge AI Processing Storage, Cloud-Connected Vehicle Data Backup
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How is the automotive solid state drive market defined, and what are its core characteristics?
Automotive solid-state drives (SSDs) are specialized solid-state drives designed to meet the unique demands of modern vehicles. These SSDs are used in infotainment systems, advanced driver-assistance systems (ADAS), telematics, navigation, and data logging for autonomous driving. They offer high performance, reliability, and durability under harsh environmental conditions.
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