Market Analysis
The global blu-ray players market will touch USD 2.4 billion at a 15% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Blu-ray, simply put, is an optical storage medium that was developed for hosting HD (high definition) content. Its key uses include storage of HD games, HD videos, storing, and archiving data of all kinds. Hardware and software are its different components, and ultra HD, 3D, advanced video coding high definition, and high fidelity pure audio are its different disc format. Owing to its alluring features and attractive benefits, blu-ray devices have wide applications in different industries such as automobiles, consumer electronics, cinema, and others.
Various factors are fuelling the global blu-ray player market share. According to the recent MRFR market estimates, such factors include the burgeoning demand for high-quality digital entertainment and streaming services, changing preferences of consumers regarding the choice of video content, growing digital urbanization, enhanced audio and video quality, and need for ultra HD blu-ray players. Additional factors adding market growth include high adoption in smart homes, consumer’s rising disposable income, increasing desire for high-performance music experience and smart features, change in resolution formats, increase in the firmware update, and preference of consumers for exceptional audio-quality products.
On the contrary, lack of awareness about blu-ray media devices and players, compatibility issues, and the on-going COVID-19 impact are factors that may deter the global blu-ray players market growth over the forecast period.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/3850
Market Segmentation
The blu-ray players market share has been segmented on the basis of component, disc format and application. The disc format segment is further bifurcated into high fidelity pure audio, advanced video coding high definition, 3D and ultra HD. Advanced video coding high definition (AVCHD) is a format for the digital recording and playback of high-definition video which was jointly developed by Sony and Panasonic. It supports a variety of video resolutions and scanning methods. Ultra HD Blu-ray is a new disc format which is incompatible with existing blu-ray players. It supports 60fps 4K UHD video encoded in HEVC with 10-bit HDR and a wider color gamut.
The prominent players in the blu-ray players market are – Cambridge Audio (U.K.), Panasonic Corporation (Japan), Sony Corporation (Japan), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Philips (Netherlands), Seiki Digital (U.S.), Magnavox (U.S.), Toshiba (Japan), Hualu (China), among others.
Regional Analysis
MRFR has conducted the regional analysis of Asia Pacific, North America, Europe and Rest of the World (RoW). According to the analysis, the global market is predicted to be dominated by North America. The North American region is predicted to acquire the largest market share. On the other side, the APAC region is predicted to grow at the fastest rate during the assessment period. The most pivotal element resulting in the regional market expansion is the technical advancement of the region. Besides the technical advancement, the region has been experiencing a surge in demand for high-end digital entertainment. In addition, the region comprises of a well-established infrastructure, which actuates the market. Also, regional growth can majorly be attributed to the contribution made by the U.S. and Canada.
Furthermore, the presence of established players in the region is likely to actuate the market further. The APAC region is likely to grow due to the presence of emerging countries such as India and China. The APAC region is predicted to exercise the strongest hold on the market in the forthcoming period. However, the regional market dynamics are likely to change due to the outbreak of COVID-19. Several regions announced a pause in daily operations to contain the spread of the pandemic. It may take some time to overcome the losses incurred during the lockdown and the halt in production.
Key Players
Key contenders profiled in the global blu-ray players market report include Hualu (China,), Toshiba (Japan), Magnavox (U.S.), Seiki Digital (U.S.), Philips (Netherlands), LG Electronics Inc. (South Korea), Samsung Group (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), and Cambridge Audio (U.K.), among others. Industry players have incorporated several strategies to stay at the forefront and also suffice the consumers growing needs such as strategic alliances, mergers and acquisitions, geographic expansions, partnerships and joint ventures, collaborations, new product development, new product launches, contracts, and more.
Get Complete Report @ https://www.marketresearchfuture.com/reports/blu-ray-players-market-3850
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
0 Comments
If u have any doubts, Please let me know