What are you looking for ?

Recordable Optical Disc Market Decreasing Next Years at 3% CAGR

To reach $2 billion by 2029

This market report, published on October 31, 2023, was written by Future Market Insights Inc.

Recordable Optical Disc Market: A 3% CAGR
Expected to Propel Growth to $2 Billion by 2029

The recordable optical disc market, which was valued at approximately $2.5 billion in 2022, is expected to decline in the coming years. It is expected to decline at a CAGR of 3% over the forecast period (2022-2029) to reach a market valuation of $2 billion by the end of 2029, as a general sense of aging poses a potential threat. The languor is despite the reliance on visual structures for capacity.

Future Market Insights Recordable Optical Disc Market 2022 2029 F1

According to the report, the growth of well-known media-administrations suppliers, for example, Spotify, Apple Music, and TIDAL, began to exert pressure on the ubiquity of recordable optical disc designs. Media specialist organizations redesigned media usage guidelines, and the reception rate of these media web-based features grew rapidly.

‘Manufacture-On-Demand’ DVDs and Blu-Ray Discs, Marking a New Milestone for Growth
The trend of ‘manufactured-on-demand’ DVDs and Blu-rays of popular TV shows and movies is favoring the market players. For instance, Amazon exclusively sells a series of ‘manufactured-on-demand’ DVDs and Blu-rays of popular Nickelodeon shows and movies.

Moreover, popular media-services providers, such as Netflix, have also started bringing back popular TV series and movies in DVDs and Blu-ray formats to treat their subscribers, which in turn has resulted in a promising comeback for DVDs and Blu-ray discs.

The report opines that Blu-ray discs will continue being the top seller, with revenues estimated to approach $2 billion in 2022. Optimum storage capacities with ‘best-in-class’ features remain 2 of the key selling points of Blu-ray discs. Sales of the recordable optical disc via online channels will continue to put offline channels in the shade.

Professional Use of Recordable Optical Disc to Show Positive Leaps
Media houses continue to rely on recordable optical disc formats for local storage, followed by software and IT ecosystems. Key players in the market are focusing on incremental innovations that would further help them boost their sustenance in the market.

Apart from product features, brands are also focusing on nourishing the longevity of their recordable optical disc offerings via reflective layers. In addition, strategic partnerships seem the best way forward for the brands to sustain considerable revenue growth, states the research study.

Competitive Landscape
Recordable optical disc manufacturers are struggling to make sales due to the increase in popularity of advanced storage technologies that are being widely adopted. However, recordable optical disc suppliers are now focusing on data security and secure storage for enterprise use and are trying to boost their sales revenue via commercial channels of application.

In July 2021, Apple TV+, a subscription-based streaming service, announced the launch of its first physical media disc release. The title Defending Jacob a limited series was released on DVD storage media and Blu-ray. More titles are expected to be released on physical discs from the Apple TV+ streaming service.

In June 2020, Sony announced the launch of a new optical disc capable of storing data for 100 years. The new disk is capable of reading at a rate of 3Gb/s and writing at a rate of 1.5Gb/s.

Key companies:

  • Ritek Corporation
  • CMC Magnetics Corporation
  • Singulus Technologies
  • Lite-On Corporation
  • Falcon Technologies International LLC
  • Princo Corp.
  • R Image Corp.
  • Vinpower Digital
  • Disc Makers
  • Primera Technology
  • Verbatim
Read also :