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SATA connector, also known as serial advanced technology attachment or Serial ATA is developed to connect and transfer data from the host system to peripheral devices such as optical storage drives, hard disk drives, solid-state drives among others. Serial ATA is an advanced version of Parallel ATA (PATA) that has limited number of head connectors. The increasing demand for fast and instant data transfer is likely to drive the growth of SATA connector market. The SATA cables are less complicated and short in length and helps in delivering fast transmission speed. This provide flexibility in designing the system and offer more connections for storage devices. The constantly changing and increasing need for storage devices are likely to drive the demand for SATA connectors.
According to the report of IDC, SATA connectors are expected to occupy more than half of the hard disk drive interface. The increasing customer demand for low-cost storage solutions is likely to fuel the SATA connector market. Further, SATA connectors provide flexibility in mix-and-match storage device systems. It assists storage system integrators to design hybrid storage system as per the requirement of the user.
Key Market Driver -
• The growing demand for fast data transfer is likely to drive the SATA connector market • Flexibility for connecting more storage devices is expected to boost the demand for SATA connectors
Key Market Restraint -
• Device compatibility issue is likely to challenge the market growth
Some of the key players in the global SATA Connectors market are Amphenol ICC, ACES Electronics, TE Connectivity, Foxconn (FIT), Toshiba Memory Corporation, 3M, Molex, Kyocera, Smiths Interconnect, Rock Pi, JPC (JESS-LINK Products Co., Ltd, ADAM Tech, UTE Connector, Cvilux among others. The companies are majorly focusing on providing advance and upgraded versions of SATA connectors. The companies are expanding the geographic presence with the expansion of its product portfolio.
North America is expected to dominant the SATA connector market during the forecast period owing to growing demand for advanced storage systems. The US is likely to gain traction owing to the increasing enterprise and industrial businesses. The country is witnessing rapid technological advancements in the field of 5G, the internet of things, artificial intelligence, among others. This is boosting the demand for fast and flexible storage connection. Europe is expected to acquire second highest market share during the forecast period. The growing data centric businesses such as BFSI, healthcare, IT and telecom, automotive is driving the demand for advanced storage solutions. Germany and the UK are likely to show rapid demand for SATA connectors owing to the increasing adoption of storage devices such as HDD, solid disk drive, and more.
Asia Pacific is expected to gain quick growth owing to the presence of rapidly emerging countries such as China, Japan, South Korea, and more. China is expected to dominate the SATA connector market share in the region owing to the significant presence of key market providers. It is one of the key hardware manufacturing country in the region. The growing initiatives towards digital India are likely to drive the demand for SATA connectors in India. The small and medium enterprises are showing a huge interest in the SATA connector owing to its flexibility to cater to the growing demand for storage. Similarly, Middle East and Africa, and Latin America are likely to gain steady market growth during the forecast period.
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