Recordable Optical Disc: Has the Favorite Relic Lost its Shine?
The last decade saw a dramatic increase in data size and speed requirements, which, in turn, started marking an early obsolescence for the recordable optical disc formats. Rise of on-demand cloud storage also started to outpower recordable optical disc and its popularity, for the fact that data scalability and agility started winning favor as two vital considerations. However, opportunities are still not lost for the brands selling recordable optical discs, as data security remains a strong selling point for optical disc formats.
Recordable Optical discs Market - Key Research Findings
- The global recordable optical discs market size in 2018 was approximately US$ 3 Bn.
- The recordable optical discs market will be declining at a CAGR of approximately 4% during the period of forecast for 2019-2029.
- Besides increasing demand for archival solutions, content protection has been recently sustaining the sales of recordable optical discs.
- Collectively, North America and East Asia are likely to account for majority of revenue shares in the recordable optical discs market by 2029.
- East Asian recordable optical discs market is estimated to experience the slowest decline among all the regions in the global recordable optical discs market.
- The media industry is expected to remain a prominent application area owing to the investments made by recordable optical discs collector companies in the recordable optical discs market.
- The media and entertainment industry is estimated to sustain the overall market growth.
- Decline in application potential of recordable optical discs has been identified in the global recordable optical discs market.
Key Factors Impacting the Recordable Optical Discs Market
The recordable optical discs market is being sustained by the demand for recordable optical discs archiving solutions that enable users to archive critical data on recordable optical discs archive systems, thus providing a reliable and scalable storage option for the long-term management with sustained growth in future.
The emergence of new technologies, such as cloud storage, Internet of things (IoT), and Video on Demand, apart from easy access, portability, comprehensive flash drive and Hard Disc Drive (HDD), is impacting the growth of the recordable optical discs market.
The availability of recordable optical discs is prolonging the adoption in the low disposable income section of the society for the purpose of recording television broadcasts. However, heavy competition from other media storage devices and cloud-based storage services, along with the increasing penetration of IoT-enabled devices is significantly restricting the growth of the global recordable optical discs market. High cost of raw materials is another factor restricting the production of recordable optical discs on a global scale.
Ultraviolet illumination recordable optical discs provide information storage of over 100 GB of data. As new technologies emerge, which include cloud storage, internet of things, and video on demand, the recordable optical discs market is estimated to experience noteworthy declining trend. The increasing demand for data security, combined with the growing usage of recordable optical discs by government agencies for the recording and of storing data are among the primary factors sustaining the growth of the global recordable optical discs market.
Recordable optical discs data storage has multiple advantages over magnetic storage, which include long durability, thus, recordable optical discs are not vulnerable to data losses due to power failure. The high capacity of data storage, low cost per GB, and extremely versatile transfer of data from one device to another are among factors prolonging the adoption of recordable optical discs.
The performance of recordable optical discs is rapidly catching up with that of hard drives, as audio library and other data storage application is affecting the growth Recordable optical discs, However, consumers shift towards other advanced technologies for recording and storing data, such as cloud storage, is a key factor restraining the growth of the global recordable optical discs market.
Recordable optical discs are economically feasible and the data stored on these discs is usually unaffected by most environmental threats, such as magnetic disturbances and power surges, which is sustaining the declining recordable optical discs market in global market.
On the other hand, the growing trend of Internet of Things (IoT) is expected to affect the growth of the recordable optical discs market. The development of more efficient high-performance recordable optical discs that provide high data security and ease of portability is creating an opportunity for the sustenance of the global recordable optical discs market. The media and entertainment sector is expected to rely heavily on the mass storage of recordable optical discs to add to the evolution of holographic data storage technologies on optical discs storing in 3D code, which is also sustaining the growth of the recordable optical discs market.
Recordable Optical Discs Market Structure Analysis
- The global recordable optical discs market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, thus targeting a firmer global footprint.
- The recordable optical discs market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
- Leading manufacturers of recordable optical discs are currently prioritizing research and development, and new product launches, in order to capitalize on the booming adoption of Blu-ray discs in North America, Europe, and China.
- Portfolio extension is also identified as one of the key developmental strategies adopted by the manufacturers of recordable optical discs.
- For a stronger foothold in target markets, recordable optical discs manufacturers will continue to rely on strategies, such as mergers and acquisitions.
- Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are likely to create a bottleneck for prominent players that are seeking to explore the untapped opportunities in the recordable optical discs market.
Passive Growth on the Cards through 2029
In the early days when data storage was mostly about megabytes and floppy drives were in vogue, recordable optical disc formats started owing their space. Hard drives were flying off the shelves as it eased storage of more data, but portability aroused as a key shortcoming. CDs and DVDs turned up as two major breakthroughs, which brought high storage and portability into the table. Though the fad is currently facing headwinds, technologies like IOT are creating new grounds for the decent growth of recordable optical disc market.
Recordable Optical Disc: Rise of Non-Physical Media Besetting Adoption
As the transition toward non-physical media gained momentum, the value of physical media distribution systems witnessed a drastic erosion. Smartphones and tablets eventually took over CD and DVD players, given that consumers started enjoying umpteen benefits in terms of storage, accessibility, and usage. This, in turn, created major setbacks for the adoption of recordable optical disc types, including CD, DVD, and blue-ray disc. With increasing popularity of media outlets, such as Amazon MP3 store and iTunes store, the ‘once ubiquitous’ recordable optical disc formats started getting out of consumer wish lists.
The Broader PerspectiveThough sales of recordable optical disc for individual or personal applications are facing tough times, the reliance of professional units on sturdy disks for local data storage continues to be intact. Blu-ray formats still remain a preferred choice across software/IT firms and media industry, as quality and storage capacities of blu-ray discs have remained profound in comparison to other optical disc counterparts.
Demand for blu-ray disc remains significant
Digital Versatile Disc sales see drastic fall
Online sales creating opportunities
Offline sales see radical decline
How Growth will Unfold
As recordable optical discs are losing shelves in consumer markets and seeing rapid obsolescence, emerging applications of archival storage are acting as a glimmer of hope to the dwindling scenario. Manufacturers are focusing on R&D activities to introduce advanced features that resonate with ever-evolving data requirements. Key players are also rolling out new holographic disc formats, given that holographic discs offer higher storage capacity over the conventional types.
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Recordable Optical Disc Market: Global Industry Analysis 2014 - 2018 & Opportunity Assessment 2019 - 2029
A recent market study published by FMI “Recordable Optical Disc Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the recordable optical disc market, the growth prospects of the market have been obtained with maximum precision.
Recordable Optical Disc Market Taxonomy
By Product Type
- Blu-ray Disc
By Sales Channel
- Direct Sales
By End Use
- Media Industry
- Public department
- Other commercials
- Below 5GB
- 5-10 GB
- Above 10 GB
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
The report commences with the executive summary of the recordable optical disc market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the recordable optical disc market.
Readers can find the detailed taxonomy and the definition of the recordable optical disc market in this chapter, which will help them understand the basic information about the recordable optical disc market. This section also highlights the key inclusions and exclusions, which help the reader understand the scope of the recordable optical disc market report.
The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, key competition mapping, and veterinary health market outlook, which is likely to have a significant impact on the recordable optical disc market.
This section includes the key inclusions of the report. It includes the product adoption & usage analysis, product timeline, regulatory assessment, reimbursement scenario, pipeline assessment & opportunity analysis, and the strategies adopted by manufacturers for market expansion.
This section explains the global market value analysis and forecast for the recordable optical disc market between the forecast period of 2014-2029. This chapter includes a detailed analysis of the historical recordable optical disc market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2019), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains the key macro-economic factors that are expected to influence the growth of the recordable optical disc market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the recordable optical disc market. This chapter also highlights the key dynamics of the recordable optical disc market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the recordable optical disc market.
With regards to the product type, the global recordable optical disc market has been segmented into CD, DVD, and blu-ray disc. In this chapter, readers can find information about the key trends and developments in the recordable optical disc market and market attractiveness analysis based on the product type.
A detailed analysis about the types of sales channels used in the recordable optical disc market has been explained in this chapter. On the basis of sales channel, the global recordable optical disc market has been segmented into online sales, offline sales, distributors, resellers, and direct sellers. In this chapter, readers can find information about the market attractive analysis based on the sales channel.
This chapter provides details about the recordable optical disc market on the basis of end use. With respect to the end use, the global recordable optical disc market has been segregated into consumer and professionals. In this chapter, readers can understand the market attractiveness analysis based on end use.
This chapter provides details about the recordable optical disc market on the basis of storage capacity. By storage capacity, the global recordable optical disc market has been segmented into capacity below 5GB, 5 to 10 GB, and above 10 GB. In this chapter, readers can understand the market attractiveness analysis based on the storage capacity.
This chapter explains how the recordable optical disc market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Recordable Optical Disc Market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the service, applications, and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America recordable optical disc market. This chapter also includes the growth prospects of the recordable optical disc market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the recordable optical disc market based on its applications in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, Poland, and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, and Malaysia are among the leading countries in the South Asia region, which are among the prime subjects of assessment to obtain the growth prospects of the South Asia recordable optical disc market in this chapter. Readers can find detailed information about the growth parameters of the South Asia recordable optical disc market during the period 2019-2029.
This chapter highlights the growth of the recordable optical disc market in the East Asia region by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the recordable optical disc market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania recordable optical disc market.
This chapter provides information about how the recordable optical disc market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the recordable optical disc market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the recordable optical disc market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are RITEK Corporation, CMC Magnetics, Singulus Technologies, Princo Corp., R. Image Corporation, and Falcon Technologies International LLC, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the recordable optical disc market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the recordable optical disc market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- IET Journals
- Industrial Product Review
- Industrial Automation Magazine
- Industry Associations
- Automation Industry Association
- ISA (International Society of Automation)
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits