Indian HDD Market Shipments Reached 2.2 Million Units 1Q14 – 6Wresearch

Rising demand for higher capacity HDDs, increasing data usage, reduction in the average prices coupled with technological advancements have fueled the growth of Indian HDD market over the past few quarters.

According to 6Wresearch, Indian HDD market shipments reached 2.23 million units in CY Q1 2014.

During CY Q1 2014, the Indian HDD market comprising internal and external HDDs registered an overall growth of 21% over CY Q4 2013. Additionally, in terms of unit shipments, the external HDD segment witnessed an increase of 25%, whereas the internal HDD segment registered 20% growth in CY Q4 2013.
 
The demand for internal HDD have raised as a result of increasing sales of desktop PCs in India. Whereas, the market for external HDDs is growing on account of rising demand from the consumer segment and increasing content in the industry.
 

(Source: 6Wresearch Quarterly India HDD Market, CY 1Q’ 2014)
Note: Embedded HDD has not been considered
 
Key Highlights (CY Q1 2014)

• More than 9 vendors shipped HDDs
• Western Digital and Seeagate captured more than 70% share of the entire Indian HDD market
• In the external HDD segment, 1TB storage capacity led the market with around 68% share

(Source: 6Wresearch Quarterly India HDD Market, CY 1Q’ 2014)
Note: Embedded HDD has not been considered
 
Inclination of consumers towards higher capacity HDD is witnessed in India both in the internal and external HDD segments. In CY Q1 2014, 1TB and 500GB HDDs are trending, where both these capacity HDDs have captured lion’s share of the market. Further, in the coming quarters, demand for 2TB HDD is projected to gain momentum, especially in the external HDD segment. Declining prices is attributing for its adoption, which has resulted in a substantial growth of more than 80% in the Indian market.