Blu-Ray Players Market Subjected to Expand to Showcase Rampant Growth by 2023
Market
Highlights
In this rapidly
changing world of technology, Blu-Ray Players Market is projected to show major growth
prospects during the forecast period. Increasing demand for high-quality digital
entertainment and growing consumption of video on multiple screens are the
major factors driving the growth of blu-ray player market.
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As compared to other
regions, the blu-ray players market in North America is expected to witness
significant growth during the forecast period. U.S and Canada are anticipated
to drive the growth of blu-ray players market. This is owing to the presence of
large number of established key players and technical advancements in that
region. In addition to this the region also has a well-established
infrastructure which allows higher penetration of devices which ultimately provides
high speed connectivity and is expected to be a major factor for the growth of
blu-ray players market.
The blu-ray
players market is
growing rapidly over 15% of CAGR and is expected to reach at approx. USD 2.4
billion by the end of forecast period.
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table of content TOC & market synopsis on “Blu-ray
Players Market Research Report-Forecast to 2023”.
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Blu-ray
Players Market Segmentation
The blu-ray players market 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.
Market
Research Analysis:
The global blu-ray players market, by geography, has been segmented
into North America, Europe, Asia Pacific and Others. In the global blu-ray
players market, Asia Pacific is anticipated to witness relatively faster
adoption and hence is expected to grow at the highest CAGR during the forecast
period. Within Asia Pacific, blu-ray players market is projected to contribute
faster to the growth of revenue backed by increasing demand for high quality
digital entertainment in countries such as Japan, China and India.
Across Europe, countries including
Germany, France and the U.K. are anticipated to drive the growth of blu-ray
players market. In Europe, the presence of advanced infrastructure with the
increasing adoption of technology and technological advancements in numerous
countries is driving the market growth of blu-ray players market.
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