半导体存储SSD控制器
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国泰海通|海外科技:SSD的“大脑”: 半导体存储控制器
国泰海通证券研究· 2025-11-03 12:42
Core Insights - The article emphasizes the rapid growth of the global SSD controller market driven by emerging demands such as AI and data centers, alongside new growth points from automotive electronics and industrial IoT [1][2]. Market Overview - The global SSD controller market is projected to reach approximately $24.965 billion in 2024, increasing to $27.763 billion in 2025, with a compound annual growth rate (CAGR) of about 14.4% from 2025 to 2032, potentially exceeding $66.1 billion by 2032 [2]. Competitive Landscape - The storage controller industry features a coexistence of independent manufacturers and IDM (Integrated Device Manufacturer) firms. Independent firms excel in customer diversity and technical services, while IDM firms focus on product integration and optimization, primarily using in-house controllers for their SSD products [3]. Investment Themes - Investment opportunities are centered around two main areas: 1. High-performance PCIe 5.0 controller suppliers benefiting from AI training and cloud infrastructure expansion 2. Storage controller manufacturers with low power consumption and cost advantages in mobile and PC sectors [3]. Emerging Growth Areas - The penetration rate of automotive and industrial storage controllers is expected to increase over the long term, making related participants worthy of attention [3].