Driven by advancements in consumer electronics, and the growing popularity of home theater systems, the world DVD players and DVD recorders market is projected to reach 127.69 million units by the year 2010, according to new report by Global Industry Analysts.

With competition intensifying by the year, price reductions are expected to optimize market penetration for these products worldwide. Global DVD players and DVD recorders market is dominated by the world's most technology savvy country, Japan with a percentage share of over 40%. Japan is followed by Europe and the United States.

As per Global Industry Analysts, the growth in the DVD players market is expected to stem from Asia-Pacific. Turbo-charging global growth is the DVD recorders market, which is expected to witness exponential growth to the tune of 38.6% over the analysis period of 2001 through 2010.

The United States is expected to rake in the highest demand, growing at a CAGR of 48%, followed by Japan and Asia-Pacific. In Europe, Germany ranks as the single largest individual regional market for DVD players and DVD recorders, followed by France and the United Kingdom.

Story filed 29.07.07