DVD Recorder Sales Will Pass DVD Players Within Three Years

21-Mar-03

According to new research from Strategy Analytics, DVD video recorders are set to become the next hot trend in digital consumer electronics. The findings, released to subscribers to the Broadband Device Strategies service, showed that worldwide sales this year will reach 2.7 million units and be worth $1 billion in retail revenues. By 2005, consumers will spend more on DVD recorders than on play-only DVD players. Falling DVD recorder prices are being driven by competition between different format vendors and by new suppliers in the Far East and China. Japanese consumers are already rapidly switching to DVD recorders, and this trend is now set to hit both the U.S. and European markets. The average price of a DVD recorder will fall to $600 this year and to $450 in 2004, encouraging DVD owners to replace and upgrade their existing players. ""The arrival of DVD video recorders kick-starts the first wave of DVD player replacement,"" notes Peter King, Director, Broadband Device Strategies at Strategy Analytics. ""The rivalry between different recording formats such as DVD-RAM and DVD+RW is actually proving beneficial by driving down prices more rapidly. Consumers can rest assured that all recorders will play all DVDs, and that's what counts.""The report predicts that annual sales of DVD video recorders worldwide will reach 42.1 million in 2008. By 2008, ownership of DVD recorders will be in 40 percent of homes in the U.S., 33 percent of homes in Europe, and 62 percent of homes in Japan. For more information about Strategy Analytics, visit www.strategyanalytics.com.

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