Blu Ray Player Market Report
The report on the Blu-Ray Player Market, By Component (Software, Hardware), Disc Format (High Fidelity Pure Audio (HFPA), Advanced Video Coding High Definition (AVCHD), 3D, Ultra HD), Application (Cinema, Consumer Electronics, Automobiles), and Region. It also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Blu-Ray Player market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Blu-Ray Player Market, By Component (Software, Hardware), Disc Format (High Fidelity Pure Audio (HFPA), Advanced Video Coding High Definition (AVCHD), 3D, Ultra HD), Application (Cinema, Consumer Electronics, Automobiles), and Region. ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Blu-Ray Player Market is projected to grow from USD 1.3 billion in 2020 to USD 2.8 billion by 2026 at a CAGR of around 13.65% during the forecast period.
Blu-ray player is an optical disc format that has been designed to display high-definition video and store a large amount of data. It provides superior benefits as compared to traditional DVDs. It represents the third generation of compact disc technology (CD). Based on disc format, the Blu-ray player can be categorized as high-fidelity pure audio (HFPA), advanced video coding high definition (AVCHD), 3D, and ultra HD.
Key players operating in the Blu-Ray Player market are-
Growing digitalization coupled with easy internet access is likely to propel the growth of the blu-ray player at a significant rate during the review period.
By application, the blu-ray player market has been bifurcated into cinema, consumer electronics, and automobiles.
The cinema segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing demand for improved video quality discs.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.
The regional growth can be attributed to early adoption of new technologically advanced products and presence of key market players such as Magnavox (US) and Seiki Digital (US). The market in Asia-Pacific is expected to be driven by growing digitalization and increasing demand for consumer electronics in the developing countries.
Covid-19 outbreak impacted the growth of the blu-ray player market negatively for a short period. The spread of coronavirus led to enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which affected the product supply.
Here is the list of the group of customers that the Blu-ray Players market hopes to have the greatest opportunity to convert-
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The blu-ray players market size is expected to reach an estimated value of USD 2.8 billion in the foreseeable future.
Panasonic Corporation (Japan), Cambridge Audio (UK), Sony Corporation (Japan), LG Electronics Inc. (South Korea), Samsung Group (South Korea), Philips (Netherlands), Magnavox (The U.S), Toshiba (Japan), Seiki Digital (The U.S) and Hualu (China) are among the key players in the blu-ray players market.
The blu-ray players market is expected to witness an impressive growth of 13.65% CAGR in the coming years.
North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR.
The cinema segment accounted for the largest market share in 2020 and is projected to register significant growth.
Blu-ray player distributors, Blu-ray player suppliers, Blu-ray player manufacturers, Logistics organizations, Government bodies are the target audience in the blu-ray players market.