Bluray Media and Devices Market worth 6.2 Billion by 2034 with a CAGR of 2.50%

The media and entrainment industry has undergone rapid changes over the past few years. Advanced audio/video systems, like Blu-ray media devices, are gaining huge adoption with major advancements being made in the display and chip technology. The drastic need in the entrainment world to primarily increase the quality of the content is bringing major developments in the global market. Moreover, the continued combination of IT and internet technologies with the media and entertainment systems is expected to enlarge the growth opportunities in Blu-ray media and devices market. Bluray media and devices Market Size was valued at USD 2.0 Billion in 2024 and is expected to reach USD 6.2 Billion by 2034, growing at a CAGR of 13.8%

The report "Bluray Media and Devices Market, By Type (TVs, Digital Signage, Monitors, Set-Top Boxes, and Others), By Application (Digital Media, Retail, and Offline Rental), and Region - Global Forecast to 2034"

Key Highlights:

• In, January 2019 - Panasonic launched two high-spec new Blu-ray players at CES 2019, the DP-UB150 and the DP-UB450. Both players support the latest version of HDR, HDR10 , which allows the brightness of the picture to be adjusted on a frame-by-frame basis, which the company claims will provide a more detailed image than ever before.
• In July 2018 - Philips extended its North America TV brand, Blu-ray players' license with Funai for the additional term.

Key Market Insights from the report:        

Bluray media and devices Market Size was valued at USD 2.0 Billion in 2024 and is expected to reach USD 6.2 Billion by 2034, growing at a CAGR of 13.8% over the forecast period. The market report has been segmented on the type, application, and region.

• By type, the global bluray media and devices market is segmented into TVs, digital signage, monitors, set-top boxes, and others.
• By application, the global bluray media and devices market is categorized into digital media, retail, and offline rental.
• By region, Asia-pacific is projected to lead the global bluray media and devices market and is expected to remain dominant during the forecast period, owing to the increasing penetration of Blu-ray players in homes and various other places.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Bluray Media and Devices Market”, By Type (TVs, Digital Signage, Monitors, Set-Top Boxes, and Others), By Application (Digital Media, Retail, and Offline Rental), and by Region – global forecast till 2030

The prominent player operating in the global bluray media and devices market includes Koninklijke Philips N.V., LG Electronics Inc., Panasonic Corporation, Samsung, Sonopres (Arvato), Sony, Sony DADC, Technicolor, Netflix, GE.

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