Blu Ray Discs Market
Blu Ray Discs Market
The market for Blu Ray Discs was estimated at $1.20 billion in 2024; it is anticipated to increase to $1.6 billion by 2030, with projections indicating growth to around $2.0 billion by 2035.
Global Blu Ray Discs Market Outlook
Revenue, 2024 (US$B)
$1.2B
Forecast, 2034 (US$B)
$1.9B
CAGR, 2024 - 2034
4.8%
Market Key Insights
- The Blu Ray Discs market is projected to grow from $1.2 billion in 2024 to $1.9 billion in 2034. This represents a CAGR of 4.8%, reflecting rising demand across Home Entertainment Systems, Digital Data Storage and Film & Television Industry.
- U.S. and Japan are the top markets within the Blu Ray Discs market and are expected to observe the growth CAGR of 3.4% to 4.4% between 2024 and 2030.
- Emerging markets including India, Nigeria and Brazil are expected to observe highest growth with CAGR ranging between 5.3% to 6.7%.
- The Blu Ray Discs market is set to add $0.7 billion between 2024 and 2034, with manufacturer targeting Music Concerts & Albums & Gaming Content Applications projected to gain a larger market share.
- With Increasing demand for high-definition, and Technological advancements in storage systems, Blu Ray Discs market to expand 60% between 2024 and 2034.
Opportunities in the Blu Ray Discs
By establishing strategic partnerships with film studios, the Blu ray Discs industry can ensure a steady stream of high-quality for their consumers. These partnerships can also lead to early releases of movies on Blu-ray discs, particularly appealing to movie enthusiasts who want to add new releases to their personal collections as soon as possible.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand for High-Definition
Restraint: Shift Towards Digital Streaming
Opportunity: Exploring Untapped Markets and Technological Advancements in Blu Ray Discs
Challenge: Diminishing Hardware Support
Supply Chain Landscape
Raw Material Procurement
Panasonic
Sony
Philips
Disc Manufacturing
Panasonic
Hitachi
Toshiba
Packaging & Distribution
Ritek Corporation
Falcon Technologies
Retail & End Consumer Market
BestBuy
Walmart
Amazon
Raw Material Procurement
Panasonic
Sony
Philips
Disc Manufacturing
Panasonic
Hitachi
Toshiba
Packaging & Distribution
Ritek Corporation
Falcon Technologies
Retail & End Consumer Market
BestBuy
Walmart
Amazon