Recordable Optical Disc Market - Forecast(2024 - 2030)

Recordable Optical Disc Market size is analyzed to grow at a CAGR of 3% during the forecast 2022-2027 to reach $2 billion by 2027. A recordable optical disc (ROD) is a type of electronic data storage medium that is extensively used for data storage and retrieval and filtering effect. A low-powered laser beam can be used to read and write to them. It is meant to handle recordable, read-only, and re-recordable recording kinds. In comparison to traditional floppy discs and magnetic tapes, they produce more efficient outcomes. It can hold a lot more data than magnetic storage media. The data on the discs is unaffected by most environmental dangers such as magnetic disturbances and others, and the discs are also inexpensive to produce. As a result, they are used in a variety of settings, including educational institutions, the media and entertainment sectors, industry, healthcare, and others. A metal halide lamp produces ultraviolet and visible light by an electric discharge through a mixture of gases containing metal halides at high temperatures and pressures. NIST suggests DVDs should be stored in spaces where the relative humidity is between 20% and 50%, and where temperatures do not drop. The global recordable optical disc market size is experiencing significant growth and will grow considerably in the next few years. Optical discs are frequently stored in special containers known as jewel cases and are most widely used for digital preservation and music storage. Rising data security need, combined with increased use of recordable optical discs for data recording and storage by government agencies, are significant factors driving growth in the global recordable optical disc market. Furthermore, developments in optical disc technology are projected to boost growth in the worldwide recordable optical disc market.

The report: “Recordable Optical Disc Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Recordable Optical Disc industry.

By Recording Mode: Disc at Once (DAO), Session at Once (SAO), Track at Once (TAO), and Packet Writing

By Disc Type: DVD’s, CD’s, Blu-ray Discs

By End-User: Education Institutes, Media & Entertainment Industries, Manufacturing, Healthcare, and Others

By Disc Type, Recordable Optical Disc Market has been segmented into DVD’s, CD’s, Blu-ray Discs. The Blu-ray Discs segment is expected to grow at the fastest CAGR of 4.65% during the forecast period. Rising demand for high-definition content and the growing popularity of 4K television sets are expected to boost the Blu-ray disc throughout the forecast period. As more customers switch to digital formats, there is a surge in demand for these disc storage devices, which have emerged as one of the most popular mediums among consumers because of their enhanced capacity and durability over traditional optical media such as CDs and DVDs. Blu-Ray Discs are digital discs with extraordinarily high storage capacity that can carry massive amounts of data. They can store up to 25GB of data on a single-layer disc and 50GB of data on a dual-layer Blu Ray disc. The term "Blu Ray" refers to the blue laser employed in these devices, which is why this type of disc is also known as Blu-Ray. The principal application for these devices is the physical delivery of movies. In terms of revenue, the commercial market for Blu-Ray Discs is the largest. It encompasses the distribution of physical media, such as movies and music releases, to a diverse group of consumers in both the public and private sectors. Companies generally release these CDs with digital copies encoded in them so that they can be played back on a number of devices in this type of application. Blu-ray recordable discs have also been in high demand throughout the last decade. Blu-ray Media is a well-established supplier of recordable discs and dual-layer recordable, and the company's growth trajectory will have an impact on the overall growth of the worldwide recordable optical disc industry. In January 2019, At CES 2019, Panasonic unveiled the DP-UB150 and DP-UB450, two high-end Blu-ray players. Both players support the latest version of HDR, HDR10+, which allows the brightness of the picture to be adjusted frame-by-frame, resulting in a more detailed image than ever before, according to the company.

By End-User, Recordable Optical Disc Market has been segmented into Education Institutes, Media & Entertainment Industries, Manufacturing, Healthcare, and Others. During the forecast period, Media & Entertainment industry segment is expected to grow at the fastest CAGR of 4.23% in the global Recordable Optical Disc market. The media and entertainment industries are projected to boost demand for recordable optical discs in order to sustain content quality, as there is no better option than optical disc. Optical data storage is a widely used method for condensing audio, video, and voice data. The invention of optical discs was a landmark moment in the history of data storage and technology development. Despite CDs and DVDs' declining popularity, the market for recordable optical discs has increased at a steady rate. This is due to the value of optical storage in industries prone to duplication of data. In addition, the usage of laser-based optical recording discs has emerged as a major driver of demand in this market. In June 2020, Sony Electronics Inc. announced the launch of PetaSite Generation 3 ("Gen3") Optical Disc Archive technology. In a normal 42U Rack, the high-capacity archival storage solution grows from 165 TB*1 to 2.9 PB*1 of immutable optical storage.

By Geography, Recordable Optical Disc Market has been segmented into North America, Europe, APAC, South America, and RoW. During the projected period, North America is expected to account for the largest market share of 36% in the Recordable Optical Disc market. North America currently dominates the global recordable optical disc market due to the region's high adoption rate of recordable optical discs. Computing technology improvements have permitted a rapid rise in the market for compact data storage technology, which is likely to produce large-scale demand in the region for recordable optical discs. Recordable optical discs have various advantages over magnetic storage media. A recordable optical disc can carry substantially more data than magnetic storage media. Recordable optical discs are generally inexpensive to manufacture, and the data stored on them is generally resistant to most environmental threats such as power surges or magnetic disturbances. North America continues to be a leading market for recordable optical discs, aided by the presence of major market players.

Rising data security needs, combined with increased use of recordable optical discs for data recording and storage by government agencies, are significant factors driving growth in the global recordable optical disc market. For illustration, in March 2022, Pioneer has announced the release of a new optical disc drive. Pioneer's newest optical disc drive will be able to burn large capacity discs in addition to playing Blu-rays. The BDR-213JBK supports 16x speed recording on single- and double-layer BD-R discs (up to 50GB) and 14x speed recording on triple and quadruple layer BDR-XL discs, according to its Japanese website (via Tom's Hardware) (up to 128GB). Furthermore, developments in optical disc technology are projected to boost growth in the worldwide recordable optical disc market. Several gadgets have sockets for inserting recordable optical discs. Even current computers include capabilities for inserting optical discs and small drives. This element, together with the popularity of disc storage, is expected to generate long-term prospects. Apart from easy access, mobility, and comprehensive flash drive and Hard Disc Drive (HDD) capabilities, the advent of new technologies such as cloud storage, Internet of things (IoT), and Video on Demand is impacting the growth of the recordable optical discs industry. The development of more efficient high-performance recordable optical discs that enable high data security and portability is allowing the worldwide recordable optical discs industry to expand.

A major factor limiting the global recordable optical disc market's growth is the consumer shift toward other advanced technologies for recording and storing data, such as cloud storage. For example, the Malaysian government announced a MYR 21.6 billion investment in the National Fiberisation and Connectivity Plan in its 2020 budget (NFCP). Malaysia's government has set a goal of having 50% of Malaysians using the cloud by 2024. In 2021, the emphasis will be on implementing a cloud-first strategy in the public sector. In a contract worth more than USD 273 million, the Japanese government has asked Amazon Web Services to assist in the migration of human resource systems and document management tools to the cloud. In four to eight years, the government hopes to move systems currently managed by various ministries and agencies to the cloud. Furthermore, technological advancements in alternative storage technologies are expected to stifle the global market for recordable optical discs. Consumer preferences have shifted significantly as non-physical media with increased storage capacities have evolved. Because cloud storage provides a flexible and dependable platform for data storage and accessibility, the trend toward cloud-based suites is lowering sales of recordable optical discs.

Report Code: HCR 0319