In-Stat Study: DVD Will Weather Competition29 Mar, 2005 By: Jessica Wolf
Standard DVD will remain a popular purchase, with sales continuing to grow even in the face of digital delivery options and the coming generation of high-definition discs, according to a new report from research firm In-Stat.
The company predicts the worldwide value of all published DVD products will grow 18.2 percent annually over the next few years, from about $33 billion in 2004 to $76.5 billion by 2009.At least at first, there will be room for both HD-DVD and Blu-ray Disc in the global market.
“In North America, HD-DVD will jump-start a round of growth for high-definition versions of Hollywood movies, as consumers begin replacing their libraries of old VHS tapes and DVDs,” said Gerry Kaufhold, In-Stat analyst. “HD-DVDs will appear later this year, to take advantage of the growing installed base of HDTV sets in the U.S. However, we expect Blu-ray products to take off in Asia in 2006, and in Europe and the rest of the world during 2007.”
In-Stat also estimates that music videos, DualDisc products and locally produced DVDs in different countries will account for 20 percent of the market value by 2009.