Core Insights - The smart storage manufacturing industry is experiencing rapid growth, driven by advancements in AI technology and increasing demand for AI-enabled products and applications [1][4] - The global smart storage manufacturing market is projected to grow from $129.23 billion in 2020 to $177.81 billion by 2024, with a compound annual growth rate (CAGR) exceeding 8% from 2020 to 2024 [4] Industry Definition and Classification - Smart storage utilizes advanced information technology, integrating AI, big data analytics, and automated operations to optimize production, management, and logistics of storage devices [2][3] - It enhances support for high concurrency and low latency applications, improving performance, quality, and production efficiency while reducing costs and resource consumption [2][3] Market Size and Growth - The smart storage manufacturing market is expected to reach $195.6 billion by 2025, indicating a strong upward trend in market demand [4] Industry Policies - The Chinese government has implemented various policies to create a favorable environment for the development of the smart storage manufacturing industry, recognizing the increasing importance of data as a new form of production material [3] Competitive Landscape - The global smart storage market is characterized by significant differentiation, with the consumer market being highly standardized and dominated by major players using OEM or ODM models [5] - The enterprise storage market is highly concentrated, led by a few international top manufacturers [5] Key Players - Major companies in the smart storage market include Bawei Storage, Jingcun Technology, Miaocun Technology, Samsung, SK Hynix, Micron, Longke Technology, Beijing Junzheng, and Unisplendour [5][6] Company Highlights - **Xiechuang Data**: The second-largest domestic smart storage device manufacturer, focusing on customized cloud solutions and expanding into AI computing and storage chip development [8][9] - **Longke Technology**: Known for its innovation in storage products, including SSDs and DRAM, with a focus on optimizing product lines and expanding into gaming markets [10] Industry Development Trends - Smart storage is evolving from a passive data container to an active, intelligent, secure, and efficient data service engine, essential for digital transformation and data-driven decision-making [11] - The integration of technology and ecosystem collaboration will accelerate the penetration of application scenarios, with AI and AI data centers being key growth drivers for the future [11]