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Blu Ray Drives Market Report
Blu Ray Drives Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
A Blu-ray disk (BD) is defined as a high-capacity storage device medium that has been developed for recording, rewriting, and playing back high-definition video. It's primarily wont to store large amounts of information and supersede the DVD. A blue laser reads from and writes to the disc rather than the red laser of DVD players. The blue laser contains a 405 nanometer (nm) wavelength which may focus more tightly than the red lasers used for writable DVDs. A Blu-ray disc can store way more data within the same 12-centimeter space.
The Blu Ray Drives Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of x% during the forecast period.
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Blu Ray Drives Market- Research Scope |
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|---|---|
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Base Year of Study |
2020 |
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Trend Period |
2015-2019 |
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Forecast Period |
2021-2026 |
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Market Size in 2020 |
US$ xx million |
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Market Size in 2026 |
US$ xx million |
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Market Growth (2021-2026) |
x% CAGR |
The global growth of blu ray drives market size is primarily driven by rising product use in computers and laptops across geographies. Increasing office workspaces particularly in developing countries have resulted in increased demand for laptops and computers and thus, blu ray drives to store a large amount of data. In addition to this, the growing adoption of advanced technologies for recording high definition videos is likely to create lucrative opportunities for the players operating in the global market during the review period.
The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of blu ray drives declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. However, the product demand increased significantly post reopening of the economies.
Based on application, the blu ray drives market has been divided into personal use and commercial use. The commercial application accounted for the largest market share in 2020. The segment growth can be attributed to the high adoption rate of advanced technologies for storing a large amount of data and high-definition videos.
By region, the North American Blu Ray Drives market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the established presence of the electrical and electronics industry in the region particularly in the US and key market players such as Memorex Corp (US). The market growth in the Asia-Pacific region is expected to grow at the highest CAGR during the review on account of an increasing number of offices coupled with expanding working populace particularly in India, China, and Southeast Asian countries.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global blu ray drives 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. Following are the critical questions answered in the report.
Key players operating in the Blu Ray Drives Market are-
The target audience of Blu Ray Drives Market includes-
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LG Electronics Inc. (South Korea), ASUSTek Computer Inc. (Taiwan), Pioneer Corporation (Japan), Memorex Corp (US), NEC Corporation (Japan) are among the key players in the blu ray drives market.
Blu Ray Drives Vendors, Blu Ray Drives Manufacturers, Blu Ray Drives Distributors, Organizations, Government Bodies are the target audience in the blu ray drives market.
The commercial application accounted for the largest share in the blu ray drive market in 2020.
North America accounted for the largest share in the blu ray drives market in 2020.
Asia-pacific is expected to grow at the highest CAGR in the blu ray drives market in the next five years.
Rising product use in computers and laptops across geographies, increasing office workspaces are the factors driving the growth of blu ray drives market.
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