Global Blu-ray Disc Market to Reach 6.6 Billion Units by 2017, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Blu-ray Discs market. World Blu-ray discs (BD) market is forecast to reach 6.6 billion units by the year 2017. With growing popularity of high-definition televisions and falling BD player prices, the Blu-ray discs market will continue to grow strongly in future years.

Blu-ray Discs: A Global Strategic Business Report

Follow us on LinkedIn - Blu-ray is the next-generation optical disc format that can record, playback, store high-definition digital audio and video files, data software applications, and other information at higher densities than conventional DVDs and CDs. The growth of Blu-ray disc media has been inextricably linked to the growth of consumer entertainment, especially in the area of movies, as these discs provide massive storage capacity needed for high definition movies. The continuing interest in the blu-ray technology is mirrored by the fact that despite the recession, shipments of both blu-ray discs and disc players continued to grow strong, supported by consumers’ aspiration to own digital gadgets that help make modern digital lives more entertaining and productive. With movies providing an escape route from the hardships on the economic front, sales of movie titles in blu-ray discs continued to witness sturdy gains as struggling consumers resorted to movies as a source of entertainment during the recession. Also, the recession induced change in spending habits has created a shift away from watching movies in expensive multiplexes towards watching movies at home, thereby creating demand for blu-ray discs and blu-ray players. In short, the recession has failed to quell the exhilarating experience of viewing 2 million pixels of image data and listening to lossless Dolby digital sounds, on home theater systems. Increase in movie titles in blu-ray format for HDTVs, especially 3D blu-ray, also helped prop up growth patterns.

A key advantage blu-ray enjoys over other rival formats is the wide range of content creators who are releasing their titles on BD discs. Today, there are more than 1,500 Blu-ray video releases in the market encompassing a breadth of titles. Almost all renowned Hollywood studios such as Twentieth Century Fox, Walt Disney Pictures, and Warner Bros. Entertainment, and several other smaller studios support Blu-ray, as the principal video technology of the 21st century. Several studios have also announced to release continuous line up of catalog titles and new feature films on Blu-ray disc along with DVD every year. The trend is expected to pick up pace in coming years as more and more blu-ray enabled products including home video decks, PC drives, PCs fitted with BD drives, and blank media, appear on the market.

As the blu-ray technology continues to improve in research labs and with consumers penchant for high-resolution movies only growing stronger, demand for blu-ray discs will continue to grow despite its higher price when compared to DVDs and HD DVDs. The robust rate of growth and expanding popularity of blu-ray discs is forecast to challenge the market for DVDs in the upcoming years, which is already feeling the heat of cannibalization of market opportunities.

As stated by the new market research report, the US and Europe together accounts for a lion’s share of the global Blu-ray Discs market. The popularity of blu-ray disc format has spread all over the world encouraged by the higher storage requirements of HD video content. Although the fruition of the prediction that blu-ray is the future of entertainment is yet to be seen, demand although stabilizing is forecast to continue to rise at healthy double-digit rates in the immediate short term.

Skepticism over blu-ray’s future is brought to light by Microsoft’s continued resistance to adopt the blu-ray technology in its Xbox game platform. Like Microsoft, currently even Apple is shunning the blu-ray technology by not adopting internal Blu-ray drives as options on the iMac. Also, rising Internet penetration and cheaper movie downloads are expected to eventually reduce blu-ray purchases as consumers switch to cheaper rentals from Redbox, and Netflix. A sobering of growth patterns in the post recession period is therefore forecasted as the market inches towards saturation.

Major players in the global marketplace include CMC Magnetics Corporation, Falcon Technologies International LLC, Hitachi Maxell Ltd, Lions Gate Entertainment Corporation, Moser Baer India Limited, Panasonic Corporation, Paramount Pictures Corporation, RITEK Corporation, Sharp Corporation, Sony Corporation, Taiyo Yuden Co Ltd, TDK Corporation, Twentieth Century Fox, Umedisc Limited, Universal Studios Home Entertainment, Walt Disney Co, Warner Bros. Entertainment Inc., among others.

The research report titled “Blu-ray Discs: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections (in Thousand Units & US$ Million) for major geographic markets including the United States, Japan, Europe (France, Germany, United Kingdom, Rest of Europe), and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Blu_Ray_Discs_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media