FMI (Future Market Insights) just released their new market research report. According to the report, the recordable optical disc market (CD, DVD and BD) is expected to demonstrate a CAGR of -5.6% between 2015-2025 and reach 4,224 Mn units by 2025. Only BD is is expected to witness a positive CAGR of 7.7% during the forecast period.
Demand for CD and DVD are declining at a rapid rate, but Blu-ray disc is increasing awareness about data security and storage are expected to boost the demand for advanced optical discs.
North America was still the largest market for recordable optical disc, accounting for 41.4% market share in 2014. This region continues to dominate the market and the trend is expected to continue over the forecast period. Among countries, Japan and China are projected to play important roles due to the presence of key players.
From end-user perspective, the media industry is projected to show a CAGR of -4.3% in terms of volume, during the forecast period. Increasing demand for archival solutions, the media and entertainment industry presents a positive market opportunity for the recordable optical discs.