What is Blu-Ray Media and Devices Market?
Blue Ray is optical disc storage medium with Sony Corporation being the first to invent Blue-Ray disk technology. Blu-Ray Media and Devices very a revolution over standard DVD players with enhanced picture and audio quality. Blue Ray Disks used the 405 nm blue laser which were of shorter wavelength then that used in Standard DVDís which gave it larger disk size than standard DVDs. Although Blue Ray was a big thing a decade ago, but now with the emergence of streaming platforms, rising internet penetration has resulted into phasing out of blue ray media players and devices. Higher Costs of Blue Ray Media Players and Disks from standard DVD players also led to less market penetration of Blue Ray Media and Devices. Geographically, North America has always existed as biggest market of blue ray media and devices. With Samsung discontinuing its blue ray media players segment, the market is expected to become niche in the coming years.
The market study is being classified by Type (TVs, Digital Signage, Monitors, Set-Top Boxes and Others) and major geographies with country level break-up.
Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Pioneer Corporation (Japan), Sharp Corporation (Japan), RITEK Corporation (Taiwan), Sanyo Electric Co., Ltd. (Japan) and Jinhoo (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tojock (China) and Electcom (China).
Blue Ray Market is very fragmented, with major players being Samsung, Sony and Panasonic. But with emergence of increasing popularity streaming services, demand for Blue Ray Media Players and Devices are going down. This Decreasing Demand even led to the most dominant market leader, Samsung leaving the Blue-Ray media player manufacturing market. Though the Market has some hopes with the growth of gaming consoles.
Analyst at AMA have segmented the market study of Global Blu-Ray Media and Devices market by Type, Application and Region.
On the basis of geography, the market of Blu-Ray Media and Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Exponential Growth of Gaming Market
- Upsurge of Digital Entertainment
- Rising Disposable Income of Individuals
- Growing Penetration of OTT & Online Streaming Platforms is likely to Impact on Market
- Expensive from Regular Players
- Discs Supporting Blue Ray are also more expensive than Regular Disks
- Rising Demand for Gaming Consoles
- High Hardware Requirements
- Increasing Availability of Substitutes
In 2019, Samsung Electronics Co., Ltd., announced that it is discontinuing or stopping manufacturing of its all Blu-ray and 4K Blu-ray player segment. Samsung was the first company in 2009 to launch first commercial Blu-ray video disc player, and thus dominated the blue ray market for a decade. But with the emergence of Streaming Platforms, Samsung has decided to discontinue from the Blue Ray Media Market.
Key Target AudienceBlue-Ray Media and Devices Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
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