Samsung Electronics Maintains Top Spot in Q2 eSSD Market with Revenue Doubling
35.1% Market Share Amid AI Data Center Boom
SK hynix Holds Second Place as Micron Closes In
Samsung Electronics maintained its position as the global leader in the enterprise solid-state drive (eSSD) market in the second quarter of this year, recording a market share of over 35%.
According to market research firm TrendForce on September 1, the combined revenue of the top five companies in the global eSSD market for the second quarter totaled $37.59 billion (approximately KRW 51.5 trillion), marking a 103.6% increase compared to the previous quarter. This surge has been attributed to a sharp rise in demand for data storage devices, driven by the widespread adoption of generative artificial intelligence (AI), as well as an increase in product prices.
Samsung Electronics maintained its top position with a market share of 35.1%. Its second-quarter eSSD revenue soared to $14.354 billion, more than doubling compared to the previous quarter. TrendForce analyzed that Samsung’s positive performance was due to both increased shipments of its 176-layer quad-level cell (QLC) products and a greater proportion of high-performance PCI Express (PCIe) 5.0 interface products in its lineup.
SK hynix (including its subsidiary Solidigm) ranked second, reporting revenue of $8.631 billion, an 85.9% increase from the previous quarter. However, its market share fell to 21.1%, down 2.0 percentage points from 23.1% in the prior quarter.
U.S.-based Micron took third place with a market share of 17.1%, as its revenue surged 126.3% to $6.983 billion. This significant growth is attributed to the company’s substantial increase in supply of high-capacity 232-layer QLC products and its focus on production capacity for both eSSD and high-bandwidth memory (HBM).
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TrendForce expects the strength in the eSSD market to continue into the third quarter, citing shipments of NVIDIA’s next-generation AI server racks and ongoing infrastructure investments by global cloud service providers (CSPs) as contributing factors.
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