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Recordable Optical Disc Market– Blu-Ray Disc is to be Reckoned with New Technologies due to Demand from Media and Entertainment
The recordable optical disc market finds wide applications of products such as CDs, DVDs and Blu-ray discs, catering to large data storage requirements across numerous industries & markets. These include Healthcare, Media & Entertainment, Education and others (BFSI, Manufacturing, etc.).Globally, demand for optical discs is declining at a rapid rate as a result of rapid adoption of new technologies such as cloud storage, Internet of Things (IoT) and Video on Demand (VOD).
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The global recordable optical disc market is expected to exhibit negative CAGR during the forecast period (2015-2025). A significant trend observed in the recordable optical disc market is the focus towards investment on research and development by key players, to introduce advanced and innovative optical discs, specifically to store large amount of data for long duration.
Key driving factors identified in the recordable optical disc market include increasing consumer inclination towards recording HD broadcasts and growing demand for content protection.
The global recordable optical disc market is segmented on the basis of various product types as follows: CD, DVD and Blu-ray disc (BD). The DVD segment accounted for highest share of the global recordable optical disc market in 2014, and is expected to hold a significant share over the forecast period.
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The recordable optical disc market includes seven major regions, namely North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa (MEA). North America dominated the market with over 41.4% share in the overall recordable optical disc market in 2014.
Key players in the global recordable optical disc market include Sony Corporation, Fujifilm Holdings Corporation, Taiyo Yuden Co., Ltd., Hitachi Maxell Ltd., Imation Corp., CMC Magnetics Corporation, RITEK Corporation, Moser Baer India Limited, Falcon Technologies International L.L.C. and Singulus Technologies.
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