Sep 21 2015
Future Market Insights (FMI) provides key insights in its new research report "Recordable Optical Disc Market: Global Industry Analysis and Opportunity Assessment 2015-2025". According to the report, the volume of recordable optical disc will drop from 7,520 Mn units in 2015 to 4,224.2 Mn units by 2025.
Innovation in cloud technology, preference for USBs, and high raw material costs are the key factors restraining the growth of this market. FMI expects the recordable optical disc market to decline at a CAGR of -5.6% during the forecast period 2015-2025.
Consumer inclination towards recording high-definition (HD) broadcasts and privacy concerns regarding cloud storage have the potential to boost the demand for recordable optical discs, however, FMI opines that manufacturers will have to create a disruptive technology to compete with online storage options.
Browse Full "Recordable Optical Disc Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" Report at http://www.futuremarketinsights.com/reports/recordable-optical-disc-market
FMI has segmented the recordable optical disc market on the basis of product type into CD, DVD, and Blu-ray Disc. Among these, Blu-ray disc is expected to account for the highest demand during the forecast period, owing to their large storage capacities. FMI expects the Blu-ray to expand at a CAGR of over 7% to reach 2,512 Mn units in terms of volume by 2025.
According to FMI, the CDs will become a rarity by 2025, as new technologies will completely take over the market. The global CD market, current to the tune of 2,392.2 Mn units in terms of sales is expected to decline and account for only 276.7 Mn units by 2025.
FMI has also analysed the sub-segments of the global recordable optical disc market. The key sub-segments include CD-R, CD-RW, DVD-R, and DVD-RW. FMI expects all these sub-segments to witness declining sales through 2025, with CD-R sub-segment witnessing a CAGR of -19.9% during the forecast period.
FMI has also segmented the global recordable optical disc market on the basis of end-user. The key application segments of recordable optical discs include, media and entertainment, healthcare, and educational institutions.
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The media and entertainment segment is the most dominant, and currently accounts for the highest share of Blu-ray discs and HD-DVDs. FMI expects the demand for holographic versatile discs and protein-coated discs to surge in the future in the media and entertainment sector.
The optical disc market in media and entertainment sector was valued at US$ 2991.8 Mn in 2015; FMI expects this market to expand at a CAGR of 0.17% during the period 2015-2025. Although the growth is marginal, media and entertainment is the only application segment that is expected to witness positive growth during the forecast period.
The healthcare sector is also a dominant consumer of optical discs. Recordable optical discs are used for storing medical information, such as patient health records. However, owing to the incorporation of digital transformation in healthcare, the demand for optical discs is declining. FMI expects the healthcare segment of the global recordable optical disc market to decline at a CAGR of -1.54% during the forecast period 2015-2025.
FMI has also analysed the recordable optical disc market on the basis of regions. The key regions covered in the report include North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Middle East & Africa (MEA), and Latin America.