Investor Presentaiton
Data Storage Solutions with lon Beam Technology
Decades of investment have driven deep customer partnerships
Market Drivers
The Veeco Difference
Heads & Steps per Head
Projected to Increase
Data Center / Cloud
Edge Computing
o Artificial Intelligence
o Internet of Things
• 5G RF
Enterprise HDDs have a ~10X cost
advantage over flash memory1
3000
■ HDD growth driven by long-term 35%
CAGR in Exabyte demand for cloud
storage²
■ Average number of heads per drive is
increasing, leading to a forecasted
increase in magnetic heads shipped
■ Heads are increasing in complexity
(HAMR/MAMR) to enable
improvements in areal density,
driving increased steps per head and
capacity requirements for our
customers
Heads & Disk Drives in Millions
2500
2000
Heads
8.5%
3
0%
1500
Steps/Head
8.5%
1000
1
1.5%
500
Disk Drives
-8%
0
2011
2012
2013
2014
0%
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Source: Coughlin Associates, Internal analysis
14
Investor Presentation | 2021 Veeco Instruments Inc.
1 Coughlin Associates
2 Gartner
HAMR
MAMR
Heat Assisted Magnetic Recording
Microwave Assisted Magnetic Recording
Veeco
Normalized Steps per HeadView entire presentation