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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Computer Storage Device Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Computer Storage Device Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Hard Disk Drive, Tape & Other Computer Storage Device Manufacturing industry faces several key trends that have significant implications for players in the market. One trend is the growing demand for high-capacity storage devices as more and more data is generated and stored. This trend is driven primarily by industries such as healthcare, finance, and entertainment, which require large amounts of storage space for critical data and information.Another trend is the increasing adoption of solid-state drives (SSDs) over traditional hard disk drives (HDDs). SSDs are faster, more reliable, and consume less power than HDDs, making them ideal for use in data centers and other high-performance computing applications. As the cost of SSDs continues to decline, more consumers and businesses are expected to switch to these devices.
The industry is also facing challenges related to the ongoing COVID-19 pandemic, as reduced demand for electronics products led to a decline in sales for manufacturers. This has been partially offset by increased demand for remote work and online learning, which has driven demand for storage devices such as external hard drives.
Finally, the industry is being impacted by the growth of cloud computing and software-defined storage solutions, which are reducing the need for physical storage devices. As more businesses move their data to the cloud, the overall demand for storage hardware is expected to decline. However, the industry has responded to this trend by focusing on developing specialized storage solutions for cloud providers and other data center operators.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Computer Storage Device Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Computer Storage Device Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Computer Storage Device Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 14% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Business and Financial Operations Occupations | 12% | |||
Business Operations Specialists | 9% | |||
Computer and Mathematical Occupations | 24% | |||
Computer Occupations | 23% | |||
Software and Web Developers, Programmers, and Testers | 16% | |||
Software Developers | 13% | |||
Architecture and Engineering Occupations | 12% | |||
Engineers | 10% | |||
Sales and Related Occupations | 9% | |||
Sales Representatives, Wholesale and Manufacturing | 6% | |||
Sales Representatives, Wholesale and Manufacturing | 6% | |||
Office and Administrative Support Occupations | 7% | |||
Production Occupations | 16% | |||
Assemblers and Fabricators | 10% | |||
Electrical, Electronics, and Electromechanical Assemblers | 7% | |||
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers | 7% |
Computer Storage Device Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Computer Storage Device Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Computer Storage Device Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Computer Storage Device Manufacturing industry. |
Source:
Innovation News
- Sep 07, 2023: Zonit Structured Solutions patents Solid State Relay
- Aug 25, 2023: Vinpower trademarks "M-DISC" - Blank digital storage media; Blank magnetic data carriers; Blank optical data carriers; Blank recordable optical disc; Computer hardware and computer peripheral devices; Computer hardware and recorded software systems for duplication of all types of blank digital storage media; Hard disk drives; Optical disc drives; Optical disk drives; Secure Digital (SD) Memory Cards; Solid state drives
- Aug 10, 2023: Vinpower patents Mobile Device For Protecting Data Stored In Data Backup Device And Data Protection Method Thereof
- Aug 03, 2023: Zonit Structured Solutions patents Uniform Equipment Mounting System
- Jun 21, 2022: Datalocker trademarks "SILENTKILL" - Recorded computer firmware for use in deleting the data stored on the hard drive by entering a preset password; Recorded computer firmware for use in deleting the data stored on the hard drive by entering a preset password, sold as a feature of encrypted hard drives
- May 24, 2022: Vinpower trademarks "OPTIMUM" - Blank recordable optical discs
Recent Federal Contracts for Computer Storage Device Manufacturing- Apr 02, 2024: WHITAKER BROTHERS BUSINESS MACHINES INC (Rockville, MD) awarded $4,246
- Mar 29, 2024: SOFTWARE INFORMATION RESOURCE CORP. (Washington, DC) awarded $9,066
- Mar 28, 2024: LAZER CARTRIDGES PLUS LLC (Walla Walla, WA) awarded $12,307
- Mar 27, 2024: EN-NET SERVICES, L.L.C. (Frederick, MD) awarded $623,822
- Mar 27, 2024: ALLIANCE TECHNOLOGY GROUP, LLC (Hanover, MD) awarded $54,168
- Mar 26, 2024: FOUR POINTS TECHNOLOGY, L.L.C. (Chantilly, VA) awarded $84,393
- Apr 02, 2024: WHITAKER BROTHERS BUSINESS MACHINES INC (Rockville, MD) awarded $4,246
- Mar 29, 2024: SOFTWARE INFORMATION RESOURCE CORP. (Washington, DC) awarded $9,066
- Mar 28, 2024: LAZER CARTRIDGES PLUS LLC (Walla Walla, WA) awarded $12,307
- Mar 27, 2024: EN-NET SERVICES, L.L.C. (Frederick, MD) awarded $623,822
- Mar 27, 2024: ALLIANCE TECHNOLOGY GROUP, LLC (Hanover, MD) awarded $54,168
- Mar 26, 2024: FOUR POINTS TECHNOLOGY, L.L.C. (Chantilly, VA) awarded $84,393
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