Shingled Magnetic Recording Market Outlook (2022-2032)

[323 Pages Report] The shingled magnetic recording market is thriving at a robust CAGR of 20.7% through 2032, while it holds a revenue of US$ 1.6 Billion in 2022 and is forecasted to reach the value of US$ 10.6 Billion by 2032. Previously, the market was growing at a lower CAGR of 19.3% during the years 2016 to 2021.

A global study on the shingled magnetic recording market reveals that the need for advanced technology like big data, IoT, and Artificial intelligence has gained traction for increasing the quality index. Another factor that increases the sales of shingled magnetic recording is data protection, and the requirement for storage technology has been increasing. This fuels the overall demand for advanced storage technology that integrates with the hard disk drive.

Report Attribute Details
Shingled Magnetic Recording market Value (2022) US$ 1.6 Billion
Shingled Magnetic Recording market Anticipated Value (2032) US$ 10.6 Billion
Shingled Magnetic Recording market Projected Growth Rate (2022 to 2032) 20.7%

The growing demand for high storage capacity, fast data access speed, and high cost-effective storage devices have worked together to further promote the development of storage recording technology. Shingled magnetic recording has been developed to increase density, or we can say, break the limit of traditional PMR (Perpendicular Magnetic Recording). A large amount of data and the documentation of huge corporate files have gained a lot of traction for the shingled magnetic recording market as well.

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What are the Major Drivers and Restraints of the Shingled Magnetic Recording Market?

The major factor driving the adoption of shingled magnetic recording technology:

  • Enhancing hard disk drive capacity

The ongoing demand to increase capacity of hard disk drive is the key factor driving the market trends. Shingled magnetic recording technology leverages existing standards to increase platter capacity by up to 25 percent.

  • Efficient storage solutions

Shingled magnetic recording technology provides help for high capacity, power-efficient storage solutions required by digital media content servers, enterprise data center servers, cloud-based active and cold storage – any configuration that requires high-capacity storage and high reliability.

  • Reliable repository management

The recent fueling of demand for shingled magnetic recording (SMR) is attributed to the flourishing demand for archiving, repository management, and data backup. The increased density of technology-driven application-specific services is also fuelling the sales of shingled magnetic recording (SMR) technology. The use of different materials to make the data transfer process fast and smooth is making the end user more technology-enabled and helps them focus more on the core competencies.

  • Greater security compliance

As security compliance strengthens every day at organizational levels, the demand for shingled magnetic recording (SMR) solutions rises. The hard drives are still used in research and development centers for documentation through SMR solutions. Also, old record labels take the applications of shingled magnetic recording (SMR) in merging the layers of different tracks. Hybrid SMR enhanced and increased capacity for lower cost as the drivers can use fewer platters than a CMR drive at the same capacity.

The key challenge restraining the market for shingled magnetic recording technology market:

  • Chances of data loss

The chances of data loss as ordinary hard disk drive and Shingled Magnetic Recording hard disk drive uses same storage codes. So, there are chances of data loss in Shingled Magnetic Recording hard disk drive. However, the data recovery can be done in Shingled Magnetic Recording technology but it is a time taking process.

Regional Analysis

What is the North America Growth Outlook for the Shingled Magnetic Recording Market?

Emerging trends in the shingled magnetic recording market explain that the North American market holds a significant share in the shingled magnetic recording market, with 35.6% of the global market share.

The higher number of plants and environment compliances in the region consume the most from the shingled magnetic recording market, adopting these systems to limit the temperature levels.

North America is holding the largest market share currently for the shingled magnetic recording market due to the convergence of big data that creates new opportunities for shingled magnetic recording technology. Moreover, an increase in data usage has become the main focus of valid shingled magnetic recording, due to which the market demand for shingled magnetic recording has increased significantly.

How is Europe Performing in the Shingled Magnetic Recording Market?

With a global market share of 21%, the European shingled magnetic recording market grows at a steady CAGR for shingled magnetic recording.

The European market for shingled magnetic recording equipment is witnessing a high growth rate due to the presence of a large number of companies that are using shingled magnetic recording hard disk drivers or improving the capacity of HDD. In APAC also, with the rising investments in research and development, the implementation of shingled magnetic recording technology in hard disk drives is increasing progressively.

Sudip Saha
Sudip Saha

Principal Consultant

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Market Competition       

What Factors are favoring the Start-ups to thrive against the Existing Players of the Market?

With the presence of few participants, the market is quite consolidated in nature. However, with the emergence of some new market players, positive market competition can be observed to be surfacing in recent years.

Key participants have added cutting-edge technology along with the need for big data recording systems and are experimenting with the latest technology to enhance their sales of shingled magnetic recording (SMR) in the market. As the market rises and skyrockets its growth prospects, the competition amongst the key players keeps on increasing, making the market more dynamic.

On the other hand, start-ups are more focused on delivering services that are more specific to client requirements. Moreover, these new players have concentrated their efforts in the direction of developing more future-oriented equipment that could possibly prove to be an advantage over their existing competitors.

Recent Mergers and Product Launches

  • Seagate launched back up plus ultra slim, with 5,400 RPM mobile 2 TB HDD with a 7 mm Z-height coupled with shingled magnetic recording technology.
  • HGST, a Western Digital company launched enterprise-class Helio Seal 10TB hard drive particularly for achieving maximum density by including shingled magnetic recording technology.
  • Seagate launched 3.5-inch, 10-terabyte enterprise capacity hard drives for the growing demands of public and private cloud-based datacenters. The drive is filled and sealed in with helium to create a turbulence-free, quiet environment in rack-mounted spaces typically filled with hundreds of drives operating, fueling the sales of shingled magnetic recording platforms.

Key Players:

  • Seagate
  • Toshiba
  • TDK Corporation
  • Fujitsu
  • Showa Denko
  • Western Digital

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Report Scope

Report Attribute Details
Growth Rate CAGR of 20.7% from 2022 to 2032
Base Year for Estimation 2022
Historical Data 2016 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in US$ Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Type
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • The Asia Pacific excluding Japan
  • Japan
  • The Middle East and Africa
Key Countries Profiled
  • The USA
  • Canada
  • Brazil
  • Argentina
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • GCC
  • South Africa
Key Companies Profiled
  • Seagate
  • Toshiba
  • TDK Corporation
  • Fujitsu
  • Showa Denko
  • Western Digital
Customization Available Upon Request

Key segments

By Type:

  • Drive managed
  • Host-aware
  • Host-managed

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Frequently Asked Questions

What is the projected CAGR for the Shingled Magnetic Recording market?

The shingled magnetic recording market is projected to have a CAGR of 20.7% through 2032.

What is the Net Worth of the Shingled Magnetic Recording market?

The shingled magnetic recording market is estimated to be around US$ 1.6 Billion in 2022.

Which is the Leading Region in the Shingled Magnetic Recording market?

North America dominates the shingled magnetic recording market with a share of 35.6% in 2022.

What is the Future Outlook of the Shingled Magnetic Recording market?

The shingled magnetic recording market is expected to reach US$ 10.6 Billion by 2032.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Investment Feasibility Matrix
    3.6. PESTLE and Porter’s Analysis
    3.7. Regulatory Landscape
        3.7.1. By Key Regions
        3.7.2. By Key Countries
    3.8. Regional Parent Market Outlook
4. Global Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast, 2022-2032
    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Mn) Analysis By Type, 2017-2021
    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Type, 2022-2032
        5.3.1. Drive managed
        5.3.2. Host-aware
        5.3.3. Host-managed
    5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021
    5.5. Absolute $ Opportunity Analysis By Type, 2022-2032
6. Global Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Region
    6.1. Introduction
    6.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
    6.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
        6.3.1. North America
        6.3.2. Latin America
        6.3.3. Europe
        6.3.4. Asia Pacific
        6.3.5. Middle East and Africa
    6.4. Market Attractiveness Analysis By Region
7. North America Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    7.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    7.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        7.2.1. By Country
            7.2.1.1. U.S.
            7.2.1.2. Canada
        7.2.2. By Type
    7.3. Market Attractiveness Analysis
        7.3.1. By Country
        7.3.2. By Type
    7.4. Key Takeaways
8. Latin America Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        8.2.1. By Country
            8.2.1.1. Brazil
            8.2.1.2. Mexico
            8.2.1.3. Rest of Latin America
        8.2.2. By Type
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By Type
    8.4. Key Takeaways
9. Europe Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        9.2.1. By Country
            9.2.1.1. Germany
            9.2.1.2. U.K.
            9.2.1.3. France
            9.2.1.4. Spain
            9.2.1.5. Italy
            9.2.1.6. Russia
            9.2.1.7. Rest of Europe
        9.2.2. By Type
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Type
    9.4. Key Takeaways
10. Asia Pacific Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        10.2.1. By Country
            10.2.1.1. China
            10.2.1.2. Japan
            10.2.1.3. India
            10.2.1.4. South Korea
            10.2.1.5. Australia
            10.2.1.6. Rest of APAC
        10.2.2. By Type
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Type
    10.4. Key Takeaways
11. Middle East and Africa Shingled Magnetic Recording Market Analysis 2017-2021 and Forecast 2022-2032, By Country
    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
        11.2.1. By Country
            11.2.1.1. South Africa
            11.2.1.2. Saudi Arabia
            11.2.1.3. UAE
            11.2.1.4. Israel
            11.2.1.5. Rest of MEA
        11.2.2. By Type
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Type
    11.4. Key Takeaways
12. Key Countries Shingled Magnetic Recording Market Analysis
    12.1. U.S.
        12.1.1. Pricing Analysis
        12.1.2. Market Share Analysis, 2021
            12.1.2.1. By Type
    12.2. Canada
        12.2.1. Pricing Analysis
        12.2.2. Market Share Analysis, 2021
            12.2.2.1. By Type
    12.3. Brazil
        12.3.1. Pricing Analysis
        12.3.2. Market Share Analysis, 2021
            12.3.2.1. By Type
    12.4. Mexico
        12.4.1. Pricing Analysis
        12.4.2. Market Share Analysis, 2021
            12.4.2.1. By Type
    12.5. Germany
        12.5.1. Pricing Analysis
        12.5.2. Market Share Analysis, 2021
            12.5.2.1. By Type
    12.6. U.K.
        12.6.1. Pricing Analysis
        12.6.2. Market Share Analysis, 2021
            12.6.2.1. By Type
    12.7. France
        12.7.1. Pricing Analysis
        12.7.2. Market Share Analysis, 2021
            12.7.2.1. By Type
    12.8. Spain
        12.8.1. Pricing Analysis
        12.8.2. Market Share Analysis, 2021
            12.8.2.1. By Type
    12.9. Italy
        12.9.1. Pricing Analysis
        12.9.2. Market Share Analysis, 2021
            12.9.2.1. By Type
    12.10. Russia
        12.10.1. Pricing Analysis
        12.10.2. Market Share Analysis, 2021
            12.10.2.1. By Type
    12.11. China
        12.11.1. Pricing Analysis
        12.11.2. Market Share Analysis, 2021
            12.11.2.1. By Type
    12.12. Japan
        12.12.1. Pricing Analysis
        12.12.2. Market Share Analysis, 2021
            12.12.2.1. By Type
    12.13. India
        12.13.1. Pricing Analysis
        12.13.2. Market Share Analysis, 2021
            12.13.2.1. By Type
    12.14. South Korea
        12.14.1. Pricing Analysis
        12.14.2. Market Share Analysis, 2021
            12.14.2.1. By Type
    12.15. Australia
        12.15.1. Pricing Analysis
        12.15.2. Market Share Analysis, 2021
            12.15.2.1. By Type
    12.16. South Africa
        12.16.1. Pricing Analysis
        12.16.2. Market Share Analysis, 2021
            12.16.2.1. By Type
    12.17. Saudi Arabia
        12.17.1. Pricing Analysis
        12.17.2. Market Share Analysis, 2021
            12.17.2.1. By Type
    12.18. UAE
        12.18.1. Pricing Analysis
        12.18.2. Market Share Analysis, 2021
            12.18.2.1. By Type
    12.19. Israel
        12.19.1. Pricing Analysis
        12.19.2. Market Share Analysis, 2021
            12.19.2.1. By Type
13. Market Structure Analysis
    13.1. Competition Dashboard
    13.2. Competition Benchmarking
    13.3. Market Share Analysis of Top Players
        13.3.1. By Regional
        13.3.2. By Type
14. Competition Analysis
    14.1. Competition Deep Dive
        14.1.1. HGST
            14.1.1.1. Overview
            14.1.1.2. Product Portfolio
            14.1.1.3. Profitability by Market Segments
            14.1.1.4. Sales Footprint
            14.1.1.5. Strategy Overview
                14.1.1.5.1. Marketing Strategy
        14.1.2. Seagate
            14.1.2.1. Overview
            14.1.2.2. Product Portfolio
            14.1.2.3. Profitability by Market Segments
            14.1.2.4. Sales Footprint
            14.1.2.5. Strategy Overview
                14.1.2.5.1. Marketing Strategy
        14.1.3. Western Digital company
            14.1.3.1. Overview
            14.1.3.2. Product Portfolio
            14.1.3.3. Profitability by Market Segments
            14.1.3.4. Sales Footprint
            14.1.3.5. Strategy Overview
                14.1.3.5.1. Marketing Strategy
        14.1.4. Toshiba
            14.1.4.1. Overview
            14.1.4.2. Product Portfolio
            14.1.4.3. Profitability by Market Segments
            14.1.4.4. Sales Footprint
            14.1.4.5. Strategy Overview
                14.1.4.5.1. Marketing Strategy
        14.1.5. Synology Inc.
            14.1.5.1. Overview
            14.1.5.2. Product Portfolio
            14.1.5.3. Profitability by Market Segments
            14.1.5.4. Sales Footprint
            14.1.5.5. Strategy Overview
                14.1.5.5.1. Marketing Strategy
        14.1.6. Horizon Technology
            14.1.6.1. Overview
            14.1.6.2. Product Portfolio
            14.1.6.3. Profitability by Market Segments
            14.1.6.4. Sales Footprint
            14.1.6.5. Strategy Overview
                14.1.6.5.1. Marketing Strategy
        14.1.7. Showa Denko
            14.1.7.1. Overview
            14.1.7.2. Product Portfolio
            14.1.7.3. Profitability by Market Segments
            14.1.7.4. Sales Footprint
            14.1.7.5. Strategy Overview
                14.1.7.5.1. Marketing Strategy
        14.1.8. IBM
            14.1.8.1. Overview
            14.1.8.2. Product Portfolio
            14.1.8.3. Profitability by Market Segments
            14.1.8.4. Sales Footprint
            14.1.8.5. Strategy Overview
                14.1.8.5.1. Marketing Strategy
        14.1.9. SAE Magnetics
            14.1.9.1. Overview
            14.1.9.2. Product Portfolio
            14.1.9.3. Profitability by Market Segments
            14.1.9.4. Sales Footprint
            14.1.9.5. Strategy Overview
                14.1.9.5.1. Marketing Strategy
        14.1.10. Marvell technology group
            14.1.10.1. Overview
            14.1.10.2. Product Portfolio
            14.1.10.3. Profitability by Market Segments
            14.1.10.4. Sales Footprint
            14.1.10.5. Strategy Overview
                14.1.10.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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