The global sales of Hard Disk Drive are estimated to be worth USD 66.6 billion in 2025 and anticipated to reach a value of USD 111.2 billion by 2035. Sales are projected to rise at a CAGR of 5.3% over the forecast period between 2025 and 2035. The revenue generated by Hard Disk Drive in 2024 was USD 63.2 billion. The market is anticipated to exhibit a Y-o-Y growth of 7.2% in 2025.

Attributes	Key Insights
Estimated Size, 2025	USD 66.6 billion
Projected Size, 2035	USD 111.2 billion
Value-based CAGR (2025 to 2035)	5.3%

Semi Annual Market Update

Particular	Value CAGR
H1, 2024	4.5% (2024 to 2034)
H2, 2024	4.9% (2024 to 2034)
H1, 2025	5.3% (2025 to 2035)
H2, 2025	5.8% (2025 to 2035)

Country-wise Insights

Country	Value CAGR (2025 to 2035)
USA	4.5%
Germany	3.4%
UK	4.9%
China	5.0%
india	5.5%

Category-wise Insight

Drive Type	Share (2025)
Desktop HDDs	47.8%

Storage Capacity	CAGR (2025-2035)
250GB - 1TB	6.1%

In 2021, Seagate accounted for 43 percent of the hard disk drive (HDD) market by units shipped, while Western Digital's share stood at 37 percent. As a result, Seagate confirmed its position at the top of the global HDD rankings.

According to Cognitive Market Research, the global Hard Disk Drive market size is USD 19658.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.10% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 7863.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 0.3% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 5897.5 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 4521.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 982.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031.
Middle East and Africa holds the market of around 2% of the global revenue with a market size of USD 393.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Less than 250GB storage capacity holds the highest Hard Disk Drive market revenue share in 2024.

Market Dynamics of Hard Disk Drive Market

Key Drivers for Hard Disk Drive Market

Increasing Need for Storage Space to Increase the Demand Globally

One key driver in the Hard Disk Drive market is the increasing need for storage space. The increasing need for storage space is a significant driver for the hard disk drive (HDD) market. With the proliferation of digital content, including large files, high-resolution media, and data-intensive applications, individuals and businesses require ever-expanding storage capacities. HDDs offer a cost-effective solution for storing vast amounts of data, providing high capacities at relatively lower prices compared to solid-state drives (SSDs). Additionally, industries such as cloud computing, data centers, and surveillance require massive storage infrastructures, further fueling the demand for HDDs. Moreover, the rise of emerging technologies like artificial intelligence, machine learning, and big data analytics necessitates extensive data storage capabilities, driving the adoption of HDDs in various sectors. As the need for storage space continues to grow exponentially, the HDD market is poised for sustained expansion to meet these evolving demands.

Rising Demand for Portable and Convenient Display Solutions to Propel Market Growth

Another key driver in the Hard Disk Drive market is the growing technological innovations. Technological innovations play a crucial role in driving the hard disk drive (HDD) market forward. Advances in HDD technology have led to increased storage capacities, improved performance, and enhanced reliability. Innovations such as perpendicular magnetic recording (PMR), shingled magnetic recording (SMR), and helium-filled drives have enabled HDD manufacturers to continually increase storage densities and reduce costs per gigabyte. Furthermore, developments in read/write head designs, disk platter materials, and drive motor technologies have contributed to higher data transfer speeds and better energy efficiency. These innovations make HDDs more appealing for various applications, including enterprise storage, data centers, personal computing, and consumer electronics. As technology continues to evolve, with the emergence of new storage solutions like hybrid HDDs and enterprise-grade HDDs optimized for specific workloads, the HDD market is poised for further growth driven by ongoing technological advancements.

Restraint Factor for the Hard Disk Drive Market

Regulatory Challenges to Limit the Sales

One key restraint in the Hard Disk Drive market is the challenge of various regulations. Regulatory challenges pose significant obstacles to the hard disk drive (HDD) market. Compliance with stringent environmental regulations, such as restrictions on hazardous materials like lead and cadmium, imposes additional costs on HDD manufacturers. Moreover, regulations regarding data privacy and security, such as GDPR in Europe and CCPA in California, require HDD manufacturers to implement robust data protection measures, potentially impacting product design and functionality. Additionally, trade restrictions and tariffs between countries can disrupt global supply chains, leading to supply shortages and increased costs for HDD components an...

This statistic shows the global shipment figures for hard disk drives (HDDs) by market from 2003 to 2025. In 2018, approximately 96 million mobile HDDs were shipped worldwide. After reaching a peak in 2011, mobile HDD shipments have witnessed steady decline.

The size and share of the market is categorized based on Type (Enterprise Performance HDD, Enterprise Capacity HDD, Enterprise Cloud HDD) and Application (Enterprise Servers Hosting Transaction, Cloud-based Back-end Server, External Networked Storage Arrays, Enterprise Backup and Restore, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Storage Units (Hard Disk Drive or HDD) Market Size Volume in Finland, 2021 Discover more data with ReportLinker!

Global Encrypted Hard Disk Drives market size 2025 was XX Million. Encrypted Hard Disk Drives Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The size and share of the market is categorized based on Application (Personal Use, Business Use) and Product (External Hard Drives, Internal Hard Drives) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Storage Units (Hard Disk Drive or HDD) Market Size Volume Per Capita in Germany, 2021 Discover more data with ReportLinker!

In 2022, global unit shipments of hard disk drives (HDDs) were expected to fall to 166 million units, a 36 percent fall from the 259 million units shipped in the previous year. The highest shipment figure was recorded in 2010 where over 650 million units were shipped.

Data storage

Computer memory refers to the physical devices which are used to store data or programs for use in a computer. Primary storage allows for the short-term storage of data: information is retained for immediate use and is directly accessible by the CPU, usually until the main device is reset or turned off.

Secondary storage

Secondary storage, either in the form of HDDs, solid state drives (SSDs), flash drives, or other longer-term storage devices, record and hold data indefinitely, even when the main device is unpowered. A traditional hard drive contains a circular disc, known as a platter, that stores your data. The disc spins, allowing data to be read or written – the faster the platter spins, the faster the hard drive works.

Enterprise Hard Disk Drives (HDD) Market size was valued at USD 636.07 Million in 2023 and is projected to reach USD 752.43 Million by 2031, at a CAGR of 5.93% from 2024 to 2031.

Global Enterprise Hard Disk Drives (HDD) Market Overview

The global Enterprise Hard Disk Drives (HDD) Market is experiencing a negative compound annual growth rate (CAGR), influenced by various factors contributing to the declining growth rate. One significant factor is the increasing preference for solid-state drives (SSDs) over traditional HDDs due to their superior performance in terms of speed, reliability, and energy efficiency.

As SSD technology advances and prices decrease, enterprises across industries are shifting towards SSDs for their storage needs, particularly in applications requiring high-speed data access such as data analytics and virtualization. This trend reduces the demand for traditional HDDs and contributes to the negative growth trajectory of the Enterprise HDD market.

Despite the declining growth rate, several factors are propelling the growth of the Enterprise HDD market. One such factor is the persistent demand for high-capacity storage solutions in data-intensive sectors like healthcare, finance, and media. Enterprises in these industries require cost-effective storage solutions capable of accommodating large volumes of data for archival and long-term storage purposes. Enterprise HDDs, with their high storage capacities and relatively lower cost per terabyte compared to SSDs, continue to meet the needs of these sectors, thereby driving market growth.

Moreover, the ongoing digital transformation across industries and the exponential growth of data from IoT devices and edge computing also contribute to the demand for Enterprise HDDs as scalable and durable storage solutions. Despite the negative CAGR, these factors underline the enduring relevance and market opportunity for Enterprise HDDs amidst evolving storage requirements and technological advancements.

The market size of the External Hard Disk Drive Market is categorized based on Type (Below 5TB, 5TB to 10TB, Above 10TB) and Application (Laptop, Desktop PC, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

This statistic shows the market share held by hard disk drive manufacturers worldwide from the fourth quarter of 2010 to the third quarter of 2012. Hitachi GST, had a market share of 16 percent in the second quarter of 2011.

Global SATA Hard Disk Drives comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Storage Units (Hard Disk Drive or HDD) Market Size Value Per Capita in Romania, 2021 Discover more data with ReportLinker!

The global computer hard disk drive (HDD) market is experiencing steady growth, driven by increasing data storage demands across various sectors. While the market has seen some deceleration due to the rise of solid-state drives (SSDs) in consumer electronics, the enterprise and data center segments continue to rely heavily on HDDs due to their cost-effectiveness and high storage capacity. Assuming a conservative CAGR of 5% based on industry trends and the provided historical period (2019-2024), and a 2025 market size of $20 billion (USD), the market is projected to reach approximately $26.5 billion by 2033. This growth is propelled by the expanding need for data storage in cloud computing, big data analytics, and surveillance systems. Different HDD types such as IDE and SCSI continue to cater to specific market segments. The dominance of HDDs within enterprise servers and high-capacity storage solutions ensures a sustained market presence. However, several factors restrain market growth. The increasing popularity of SSDs in laptops and desktop computers, particularly in consumer segments, poses a challenge. Furthermore, the technological advancements in SSDs, leading to decreasing prices and enhanced performance, are putting pressure on HDD market share. Nevertheless, the substantial cost advantage of HDDs for bulk data storage, especially in data centers and archival systems, will continue to drive demand in specific applications. The market segmentation by bus type (IDE, SCSI) and application (laptops, desktops, workstations, enterprise servers) reflects the diverse needs and preferences within the industry. Key players, including HP, Canon, Fujitsu, Hitachi, Western Digital, Quantum, Samsung, Seagate, Toshiba, and others, are actively involved in developing and supplying HDDs to meet the ever-evolving market demands. Geographic distribution reveals robust demand in North America, Europe, and Asia-Pacific, with China and the United States being significant markets.

Hard Disk Recorder (HDR) Market Outlook

The global Hard Disk Recorder (HDR) market size was valued at approximately $1.8 billion in 2023 and is projected to reach $3.5 billion by 2032, growing at a CAGR of 7.5% from 2024 to 2032. This growth trajectory is primarily fueled by the increasing demand for high-capacity data storage solutions across various sectors. The expanding integration of advanced recording technologies in the entertainment and broadcasting industries, alongside the rising need for efficient surveillance systems, are pivotal factors driving market expansion. As digital content continues to proliferate, the demand for reliable and cost-effective storage solutions like HDRs becomes increasingly imperative.

One of the primary growth factors for the HDR market is the rapid advancement in digital broadcasting technologies. As the broadcasting industry evolves with the adoption of high-definition and 4K content, there is a heightened demand for devices that can efficiently record and store large volumes of high-quality data. Hard disk recorders are essential in this context, providing broadcasters with the necessary tools to capture, store, and retrieve broadcast content easily. Moreover, the shift from analog to digital broadcasting across numerous regions has further bolstered the demand for HDRs, as they are integral in facilitating this transition and ensuring seamless broadcasting operations.

Furthermore, the growing importance of surveillance in both residential and commercial sectors is significantly contributing to the HDR market's growth. The proliferation of IP cameras and advanced surveillance systems necessitates robust storage solutions capable of handling vast amounts of video data. Hard disk recorders offer the required storage capacity and reliability, making them an indispensable component of modern surveillance setups. This trend is particularly pronounced in urban areas where security concerns drive the demand for comprehensive monitoring systems. As a result, HDRs are increasingly being incorporated into these systems to ensure the reliable capture and storage of video footage.

Another notable factor driving the HDR market is the expansion of the entertainment industry. With the surge in content creation, including movies, television shows, and online streaming platforms, there is an escalating need for efficient data management solutions. Hard disk recorders provide content creators and distributors with a practical means to store and manage their digital assets. Additionally, the growing trend of remote and hybrid work environments in the education sector has led to an increased adoption of HDRs for recording and storing educational content, lectures, and presentations. This multifaceted demand across various sectors underscores the versatility and indispensability of HDRs in the current digital landscape.

The integration of Embedded Hard Disk Video Recorder technology is becoming increasingly significant in the surveillance sector. These systems offer enhanced capabilities for recording and storing video footage directly onto a hard disk, providing users with a more streamlined and efficient solution. The embedded nature of these recorders allows for seamless integration into existing surveillance setups, reducing the need for additional hardware and simplifying the overall system architecture. This advancement is particularly beneficial in environments where space and resource optimization are critical, such as in urban surveillance networks and high-security facilities. As the demand for comprehensive and reliable surveillance solutions continues to grow, the role of Embedded Hard Disk Video Recorders in ensuring data integrity and accessibility is expected to expand, further driving the market forward.

Regionally, Asia Pacific is anticipated to exhibit substantial growth in the HDR market. This region's burgeoning entertainment sector, coupled with the rapid adoption of digital technologies, creates a conducive environment for HDR market expansion. North America and Europe are also expected to witness significant growth, driven by technological advancements and the increasing adoption of HDRs in broadcasting, surveillance, and other applications. Latin America and the Middle East & Africa, although growing at a relatively moderate pace, present emerging opportunities as digital infrastructure continues to develop and consumer demand for high-quality recording solutions rises.

Type Analysis

&l

The market size of the Hard Drives Industry is categorized based on Type (HDD (Hard Disk Drive), SSD (Solid State Drive)) and Application (Consumer Electronics, Enterprise Storage, Data Centers, Cloud Storage, Gaming) and Form Factor (2.5 inch, 3.5 inch, M.2, PCIe, External Hard Drives) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

[Keywords] Market include Samsung Electronics, Hitachi, Fujitsu, Toshiba, Seagate

The size and share of the market is categorized based on Type (Single Crystal Diamond Abrasive, Polycrystalline Diamond Abrasive, Others) and Application (Home Hard Drive, Server, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).