Study predicts 39.7% growth rate for DVD recorders

Semico Research Corporation has completed a study that predicts an annual compound growth rate for DVD recorders of nearly 40%. They are also
forecasting future sales to increase from 22.8 million this year to 86.9 million by 2009.

Consumers are saying sayonara to the VCR and local electronics stores are saying hello to more DVD players and DVD recorders, according to Semico Research Corp. DVD has been one of the biggest electronics success stories in history. Although DVD players are now a staple in most homes in America and indeed around the world, most consumers still needed a VCR if they wanted to archive a favorite TV show or camcorder content. Now however, DVD recorders are becoming big business and rapidly taking the VCR's place in homes all over the world. Revenues will grow from $6.3 billion this year to $12.0 billion by 2009, at a CAGR of 18%.

Citing the DVD recorder manufacturers ability to bring multi-format devices to the marketplace as a big reason for the wide acceptance we are now seeing, Semico thinks that the many available formats hampered adoption early on. The Semico research folks warned as well that the next gen Blu-ray format war will present the same challenge to sales, in fact they say this war is worse.

Source: Tekrati