According to a new report by Global Industry Analysts,
Inc., the world DVD players & DVD recorders market is projected to reach 264.7 million units by the year 2010. Much of this growth is due
to the DVD recorders market, which is expected to grow exponentially over the next few years.
World DVD players & DVD
recorders market stands enthused by the growing consumer desire for superior movie viewing experience at home. In regions where cable TV
penetration is relatively low i.e. Europe, demand for DVD players and recorders is projected to grow in the upcoming years. Future demand
for DVD players, which are essentially commoditized products, is expected to stem largely from developing markets, where household
penetration of DVD continues to be small. China, over the last few years, has emerged into a major, lucrative market for DVD players. The
country is forecast to drive growth in Asia-Pacific in the upcoming years. Growth in the premium priced DVD recorders market is expected
to stem from developed countries, with Japan the world's most technology savvy country, driving gains in the world market. In addition
to Japan, Western Europe is also expected to fuel growth in the DVD recorders markets, while Eastern Europe is expected to drive market
opportunities in the DVD players market.
As stated by the recent report published by Global Industry Analysts, Inc., world market
for DVD players & DVD recorders is dominated by Europe, and Asia-Pacific with a combined 75.4% share estimated in the year 2007. Strong
growth is expected stem from Asia-Pacific, with sales of both DVD players and recorders in the region expected to rise by 26.3 million
units between the period 2007 to 2012. In Japan, sales of the same are projected to reach 23.1 million units by the year 2012. In the
world DVD players market, Asia-Pacific is expected to record robust CAGR of 23.06% over the analysis period of 2003 to 2012, while United
States, and Japan are expected to witness declining demand.
If you'd like to read more, Global Industry Analysts'
entire press release can be found here.
