The newly launched report by Stratview Research, titled ‘Blu Ray Drives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated By Product (DVD+R/RW, DVD-R/RW, DVD-RAM, Blu-Ray Disc), By Application (Personal Use, Commercial Use), and Region.
According to the report the global growth of blu ray drives market size is primarily driven by rising product use in computers and laptops across geographies. Increasing office workspaces particularly in developing countries have resulted in increased demand for laptops and computers and thus, blu ray drives to store a large amount of data. In addition to this, the growing adoption of advanced technologies for recording high definition videos is likely to create lucrative opportunities for the players operating in the global market during the review period.
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Market Segmentation Analysis –
Based on application, the blu ray drives market has been divided into personal use and commercial use. The commercial application accounted for the largest market share in 2020. The segment growth can be attributed to the high adoption rate of advanced technologies for storing a large amount of data and high-definition videos.
By region, the North American Blu Ray Drives market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the established presence of the electrical and electronics industry in the region particularly in the US and key market players such as Memorex Corp (US). The market growth in the Asia-Pacific region is expected to grow at the highest CAGR during the review on account of an increasing number of offices coupled with expanding working populace particularly in India, China, and Southeast Asian countries.
Key Players
The following are the key players in the market-
- LG Electronics Inc. (South Korea)
- ASUSTek Computer Inc. (Taiwan)
- Pioneer Corporation (Japan)
- Memorex Corp (US)
- NEC Corporation (Japan)
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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