Blu Ray Player Market Report

Market Insights

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.

Figure: Blu-Ray Player Market Size, 2020-2026 (USD Billion)

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What is a Blu-ray player?

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

Key players operating in the Blu-Ray Player market are-

• 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).

Market Dynamics

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.

• The growth of the blu-ray player market is primarily driven by increasing product use in applications including cinema and consumer electronics due to high video and audio quality.
• In addition to this, rising demand for high-quality and innovative blu-ray players is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments' Analysis

Application Trends

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.

Regional Trends

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 Impact on Blu-Ray Player Market

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.

Critical Questions Answered in the Report

• What are the key trends in the global Blu-Ray Player market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global Blu-Ray Player market?
• What are the key strategies adopted by the major vendors to lead in the global Blu-Ray Player market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Blu-ray Players market hopes to have the greatest opportunity to convert-

• Blu-ray player distributors
• Blu-ray player suppliers
• Blu-ray player manufacturers
• Logistics organizations
• Government bodies

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