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DVD is the Fastest Growing Consumer Electronics Segment

Time: 12:55 EST/17:55 GMT | News Source: DVDinsider | Posted By: David Gasior

The DVD market is a bright star on the technology economy horizon, according to a new report available today by international analyst firm, Jon Peddie Research. The report, "DVD Market: Players, Recorders, Media and Future" projects that the total number of DVD systems in 2006 will be over 420 million units. The total market for all types of DVD systems is growing at 31.4 % compound annual growth rate (CAGR) while DVD recorders alone account for 271% CAGR.

Since DVDs players started shipping in Japan in 1996 and the first commercial title, A Hard Day's Night, was published on DVD the following year, DVD has enjoyed the most meteoric growth of any consumer electronics technology ever introduced. Pricing has reflected the rapid adoption of DVD with players falling from $504 in July 1998 to $129 in December 2002 with some units going for as low as $59.

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