The increasing use of hard disk drives in consumer electronics products is one of the major driving factors leading to the growth of the market. At present, the capacity of hard disk drives has increased from 80 GB to almost 500 GB in computers. Exponentially increasing end-user demands to store more data in computers and other consumer electronics devices leads to the growth of the Global Hard Disk Drive market.
There is an emerging trend in the market in the use of embedded hard disk drives in televisions. The growing consumer demand for flexible and combined media storage applications has led to the development of televisions with embedded hard disk drives. The need to meet the steadily increasing demand for media storage and to exploit the increasing use of digital video recorder technology, globally, is leading to the increasing need for high-storage capacity in televisions.
The Global Hard Disk Drive market is set to grow at a CAGR of 8.1 percent over the period 2011–2015. One of the key factors contributing to this market growth is the growth in demand from the enterprise sector. The Global Hard Disk Drive market has also been witnessing a growth in the automotive sector. However, the high growth in the Tablet PC market could pose a challenge to the growth of this market. Report Scope
TechNavio's report, the Global Hard Disk Drive Market 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Hard Disk Drive market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Hitachi Global Storage Solutions, Seagate Technology, Wester Digital Corp and Toshiba Corp.
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