Blu-ray Media and Devices: Key market research findings
- Increasing online subscriptions and rental services
- Growing preference for Blu-ray media channel
Technavio has released a new market research report on the global Blu-ray media and devices market, which is expected to grow at a CAGR of 3% between 2016 and 2020. The increasing penetration of HDTV is driving the demand for Blu-ray media and devices. Increasing demand for HD content has led to a rapid growth in the demand for Blu-ray content. Moreover, the reducing prices of Blu-ray players and the rapid adoption of HD-enabled devices drive the growth of the global Blu-ray market.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The growth in the number of online subscribers is one of the biggest revenue contributors for global Blu-ray media market, thanks to increased internet penetration. An increasing number of population is subscribing to online rental services like EST and subscription-based models, owing to rapid digitalization, as subscription-based Blu-ray services are more popular in the digital platform than on an analog platform. With the increasing popularity of these online services, more consumers are likely to subscribe to advanced services of pay-TV subscription,” says Soumya Mutsuddi, Lead Analyst, Media & Entertainment, Technavio Research
Blu-ray media refers to the video or audio content, which can be stored in the Blu-ray format. The technology uses a blue-violet laser, which has a shorter wavelength than the red laser that is used in DVDs. The blue-violet laser focuses on intricate details, making the media content richer. Blu-ray devices refer to media players, which are compatible with Blu-ray media through discs. These devices do not include desktops or mobile devices, which also play Blu-ray media. The changing lifestyle of consumers in developed countries has increased the demand for high-quality media, which heavily influences the global Blu-ray media market. With the emergence of the online segment, tech-savvy consumers have easy access to these media.
The key vendors in the global Blu-ray media and devices market are Moser Baer, Panasonic, Ritek, and Sony. The market is intensely competitive with the presence of multiple global vendors that constantly try to innovate in continually growing home entertainment market. These major vendors have the ability to match or exceed their rival’s next-generation technology.
A more detailed analysis is available in the Technavio report, Global Blu-ray Media and Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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