The global enterprise solid-state drive (eSSD) market has more than doubled in size in the second quarter of this year, driven by a surge in investments in artificial intelligence (AI) infrastructure. The competition among major tech companies to expand their data centers has significantly increased the demand for high-capacity and high-performance storage devices.
According to market research firm TrendForce, the combined revenue of the top five eSSD manufacturers reached $37.59 billion (approximately 51.5 trillion won) in the second quarter, marking a 103.6% increase compared to the previous quarter. The ongoing supply shortage of eSSDs, essential for AI-enabled servers, has contributed to both rising sales prices and increased volumes.
Samsung Electronics and SK Hynix have maintained their positions as global leaders with strong performances.
Samsung Electronics reported eSSD sales of $14.35 billion (approximately 19.71 trillion won) in the second quarter, holding a market share of 35.1%, consistent with the previous quarter and solidifying its top position. The company expanded its shipment of next-generation high-density NAND flash-based high-performance products, resulting in a significant 103.6% increase in revenue compared to the prior quarter.
SK Hynix also saw its revenue rise by 85.9% to $8.63 billion (approximately 11.85 trillion won) during the same period, maintaining its second-place position with a market share of 21.1%. However, due to intensified market competition, its share decreased slightly by 2 percentage points from the previous quarter.
Micron, the third-largest player, is also making significant strides. The company reported a remarkable 126.3% increase in eSSD revenue to $6.98 billion (approximately 9.59 trillion won) in the second quarter, the highest growth rate among the top five manufacturers.
Micron has leveraged proactive production line restructuring focused on high-bandwidth memory (HBM) and eSSDs, along with strengthening its high-capacity product lineup, to boost its market share to 17.1%.
* This article has been translated by AI.
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