Technology & Telecommunications

Solid State Drives: Market Size, Growth & Forecast to 2030

The Solid State Drives market is valued at about $25.84 billion (2026) and is projected to grow at a 9.5% CAGR through 2030. The largest cost driver is NAND Flash Memory (65% of spend). North America leads demand at 36%.

Market size
$25.8 bn (2026)
CAGR to 2030
+9.5%
Buyer power
Favours buyers
Tracked suppliers
25

Projected market growth to 2030

Market size index, 2026 = 100, at the 9.5% CAGR.

1571381191001002026109.52027119.92028131.32029143.82030157.42031

Cost structure

NAND Flash Memory
65%
SSD Controller and Firmware
15%
DRAM Cache and Discrete Passive Components
8%
Assembly Testing and Packaging
7%
Inbound and Outbound Logistics
5%

Regional demand split

North America demand
36%
Asia Pacific demand
35%
Europe demand
20%
Rest of world demand
9%

Key suppliers

Samsung ElectronicsSK hynixMicron TechnologyKioxiaWestern DigitalKingston Technology
Read the full Solid State Drives report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/solid-state-drives