How the Global Optical Disk Drive Market wowed the generation only to be replaced dismally?
Optical disk drive is essentially a drive that uses laser light to read from or write to a disk. The first ever erasable disk was created in 1983. After a few decades of struggle worldwide, the Optical Disk Drive has established itself as an important segment of the data storage industry. In a computer the optical disk drive allows the usage of CD’s and other disks to either listen to movies or watch videos. They are an integral part of appliances like CD players and DVD players. They are a natural transition over the floppy disk which was capable of storing only 1.44 MB of data. Optical disk drives can store substantial amounts of data up to a few terabytes, often used for backing up data. Larger amounts of data are more suited to be stored using hard drives.
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The optical disk drive can play and record a few disc formats. Some examples being D-ROM, CD-R, CD-RW, DVD, DVD-RAM, DVD-R, DVD+R, DVD-RW, DVD+RW etc. They can be divided into application for laptops and desktops.
The Major players in this Global Optical Disk Drive Market:
HLDS, PLDS, TSST, ASUSTeK, Pioneer, AOpen, BTC Behavior Tech Computer, Panasonic etc. Their main target today are Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Global Optical Disk Drive Market Size Analysis:
As per reports, the optical disk drive usage has taken a decline since the advent of the magnetic tape from $XX million in 2013 to $XX million in 2016. The CAGR is -XX% through 2021. The most concentration of the optical disk drive market is majorly global, focussed in North America, Europe and Asia Pacific. The industry’s bright spot is vinyl records which anticipate a CAGR through 2021 of 11.9% while the hard disk market will reduce by 7.4%. Acceptance of CD ROM as software distribution and abhorrence of the same has led to its negative CAGR.
The advent of magnetic tapes is a natural transition from the optical disk drives. Latest computers no longer come with a built-in drive. This is primarily because software like Adobe and MS Office can be entirely done without having an optical disk drive. Another reason for its decline has been its inability to match up to the storage requirements of today. Other options include using external hard disks. Also, it no longer is a cost-effective option when compared to its alternatives. The advent of online streaming and of portable phones using cloud technologies with many embedded features has made optical disk drives obsolete.
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