Blu-ray Players Market Overview:
In this rapidly changing world of technology, blu-ray players market is projected to show major growth prospects during the forecast period. Increasing demand for high-quality digital entertainment and growing consumption of video on multiple screens are the major factors driving the growth of blu-ray player market.
As compared to other regions, the Blu-ray Players Market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of blu-ray players market. This is owing to the presence of large number of established key players and technical advancements in that region. In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of blu-ray players market.
The Blu-ray players market is growing rapidly over 15% of CAGR and is expected to reach at approx. USD 2.4 billion by the end of forecast period.
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Major Key Players:
Cambridge Audio (U.K.), Panasonic Corporation (Japan), Sony Corporation (Japan), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Philips (Netherlands), Seiki Digital (U.S.), Magnavox (U.S.), Toshiba (Japan), Hualu (China,) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Blu-ray Players Market.
Industry News and Development:
January 2018 – Sony Electronics introduced ultra-HD Blu-ray player supporting Dolby vision and HDR10 format to enhance the quality of their home theatre products. With this new innovation, Sony is expanding their home theatre product portfolio and is expecting to cover wide customer base.
January 2018 – Panasonic introduced new ultra HD Blu-ray players supporting Dolby vision HDR format and HDR10+. Panasonic has included optimum HDR processing technology which supports in playing high quality content on lower-end HDR TVs.
August 2017 – NetGear, Inc., a leading provider of network devices, introduced Wi-Fi extender “Nighthawk Tri-band” patented with Fast Lane and smart roaming technology. The device “Nighthawk” can work with any Wi-Fi router and transform it into expanded Wi-Fi system and eliminates dead zones.
Blu-ray Players Market Competitive Analysis:
The market position analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, product portfolio, strategy analysis, and key innovations in Blu-ray Players market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion.
Strategic partnerships between on the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Blu-ray Players Market Segmentation:
The Blu-ray Players Market can be classified into four key segments as follows:
Segmentation by Component: Software and Hardware.
Segmentation by Disc Format: High Fidelity Pure Audio, Advanced Video Coding High Definition, 3D, and Ultra HD.
Segmentation by Application: Entertainment, Consumer Electronics, Automobiles, and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Blu-ray Players Market Regional Analysis:
The global Blu-ray Players market is estimated to grow at a promising rate over the forecast period. North America is the leading region followed by Europe, Asia-Pacific and Rest of the world. North America is a technically advanced economy and possess high adoption rate of digital technologies which is one of the major driving force for large market of Blu-ray players in the region. U.S. is leading the North America Blu-ray players market in 2017, followed by Canada.
Whereas, Asia-Pacific is the fastest growing region which is estimated to show high growth over the forecast period. Increasing technological advancements, government initiatives to develop digital infrastructure and increasing disposable income of the end-users are some major factors expected to drive the growth of Blu-ray Players market in the region during forecast period 2017-2023.
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