Todays’ world has an increasing demand for high-quality video and pictures. With the same, the demand for storing the high-quality video is also increasing. To fulfill the same need, the companies in the market came up with the Blu-ray recorder as an additional or built-in device in TV. The upcoming high picture quality technologies including 4K increases the usage of the Blu-ray recorder with TV or set-up box thereby giving a potential growth to the Blu-ray recorder market during the forecast period.
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The Blu-ray recorder is used to record blue rays which are used within the Blu-ray player (used to read the disc). The Blu-ray recorder shows the advantage over the longer-wavelength red laser used for DVDs by allowing information to be stored at a higher density. This feature of Blu-ray recorder enable the market to come up with the TV showing higher picture qualities. Moreover, technological advancement gives the better opportunities for the Blu-ray recorder market during the forecast period.
Blue-Ray Recorder Market: Drivers and challenges
Some of the drivers for the growth of the Blu-ray recorder market are expected to be increasing demand for high-quality digital entertainment. Digitalization in the entertainment industry is also responsible for the growth of the Blu-ray recorder market. Moreover, increase in urbanization is another factor responsible for the growth of the Blu-ray recorder market because people living in the urban areas have easy access to the Blu-ray recorder providers. Day by day technological advancement in various countries is also a key driver for the growth of the Blu-ray recorder market. The growth of electronics and communication industries are indirectly influencing the Blu-ray recorder market.
The improvement in the lifestyle of the ordinary people is expected to be the crucial factor driving the Blu-ray recorder market. Blu-ray recorder attracts the users by reducing the speed of downloading high-quality videos. Also, the increase in disposable income, the increase in spending, and the adoption of a luxury lifestyle by people are expected to be some drivers for the Blu-ray recorder market. Moreover, the government in some countries are focusing on the smart city projects owing growth to the Blu-ray recorder market. Changing government policies towards the picture quality spectrum is expected to grow Blu-ray recorder market during the forecast period. Increase in the number of the Blu-ray recorder providers is also increasing day by days owing to the growth of the Blu-ray recorder market. The Blu-ray recorder market is expected to grow due to public awareness of the smart devices related to the picture quality. These are some expected drivers giving rapid growth to Blu-ray recorder market. However, high initial cost and changing consumer preferences are some of the factors challenging the Blu-ray recorder market during the forecast period.
Blue-Ray Recorder Market: Segmentation
Blu-Ray Recorder Market can be segmented as follows:-
- Segmentation of the Blu-ray recorder market on the basis of component:
- Software
- Hardware
- Service
- Segmentation of the Blu-ray recorder market on the basis of the disk format:
- High Fidelity Pure Audio
- Advanced Video Coding High Definition
- 3D
- Ultra HD
- Segmentation of the Blu-ray recorder market on the basis of application:-
- Home
- Theaters
- Corporates
- Malls
- Others
- Segmentation of the Blu-ray recorder market on the basis of sales channel:-
- Direct
- Indirect
- Segmentation of the Blu-ray recorder market on the basis of industry vertical:
- Hospitality
- Media and Entertainment
- Others
Blue-Ray Recorder Market: Key Players
Some key players of Blu-ray recorder market are
- Sony Corporation
- Samsung Group
- Panasonic
- LG Electronics Inc.
- Asus
- JVC Pro
- Huawei Technologies Co. Ltd.
- Toshiba
- Hi focus
- Hik Vision
- Pionier
- Magnavox
- Huaulu and Koninklijke Philips N.V
. These payers are expected to influence the Blu-ray recorder market during the forecast period also.
Blu-Ray Recorder Market: Regional Overview
North America is expected to have a leading Blu-ray recorder market during the forecast period due to a technically advanced economy. The high adoption rate of the digital technologies is another factor influencing the growth of Blu-ray recorder market in North America technologies. Europe is also expected to witness significant increase in the Blu-ray recorder market due to technological advancement and high lifestyle of the people. The Asia-Pacific Blu-ray recorder market is supposed to be faster-growing market due to the government initiatives to develop digital infrastructure and increasing disposable income of the end-users.
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Regional analysis for Market includes
- North America Market
- U.S.
- Canada
- Latin America Market
- Mexico
- Brazil
- Rest of Latin America
- Western Europe Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe Market
- Poland
- Russia
- Rest of Eastern Europe
- SEA and other APAC
- Australia and New Zealand (A&NZ)
- India
- ASEAN
- Rest of SEA and other APAC
- Japan
- China
- Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.