The global Optical Drive market was valued at US$ 1613.3 million in 2022 and is projected to reach US$ 1286 million by 2029, at a CAGR of -3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
| Market size in 2022 | US$ 1613.3 million | Forecast Market size by 2029 | US$ 1286 million |
|---|---|---|---|
| Growth Rate | CAGR of -3.2% | Number of Pages | 200+ Pages |
An optical drive, also known as an optical disc drive (ODD), is a hardware device that uses laser technology to read and write data on optical discs such as CDs (Compact Discs), DVDs (Digital Versatile Discs), and Blu-ray discs. Optical drives are commonly found in computers and consumer electronic devices for various purposes, including data storage, media playback, and software installation.
Optical Drive Market aims to provide a comprehensive presentation of the global market for Optical Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Optical Drive. Optical Drive Market contains market size and forecasts of Optical Drive in global, including the following market information:
Global Optical Drive Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Optical Drive Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Optical Drive companies in 2023 (%)
- The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
- Internal Segment to Reach $ Million by 2029, with a % CAGR in next six years.
- The global key manufacturers of Optical Drive include LG(KR), Samsung(KR), ASUS(TW), Lite-On(TW), Sony(JP), Pioneer(JP), Lenovo(CN), BenQ(TW) and HP(US), etc. In 2023, the global top five players have a share approximately 68% in terms of revenue.
We has surveyed the Optical Drive manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Optical Drive Market, by Product Type, 2018-2023, 2024-2032 ($ Millions) (K Units)
Global Optical Drive Market Segment Percentages, by Product Type, 2023 (%)
- CD-ROM Drives
- DVD-ROM Drives
- CD/DVD Writers
- Blu-ray Drives
Global Optical Drive Market, by Type, 2018-2023, 2024-2032 ($ Millions) (K Units)
Global Optical Drive Market Segment Percentages, by Type, 2023 (%)
- Internal
- External
Global Optical Drive Market, by Application, 2018-2023, 2024-2032 ($ Millions) (K Units)
Global Optical Drive Market Segment Percentages, by Application, 2023 (%)
- Computer Assembly
- Media Playing
- Commercial
Global Optical Drive Market, by End-Use Industry, 2018-2023, 2024-2032 ($ Millions) (K Units)
Global Optical Drive Market Segment Percentages, by End-Use Industry, 2023 (%)
- Information Technology
- Consumer Electronics
- Automotive
- Healthcare
- Others
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Optical Drive revenues in global market, 2018-2024 (Estimated), ($ millions)
- Key companies Optical Drive revenues share in global market, 2023 (%)
- Key companies Optical Drive sales in global market, 2018-2024 (Estimated), (K Units)
- Key companies Optical Drive sales share in global market, 2023 (%)
key players include:
- LG(KR)
- Samsung(KR)
- ASUS(TW)
- Lite-On(TW)
- Sony(JP)
- Pioneer(JP)
- Lenovo(CN)
- BenQ(TW)
- HP(US)
- DELL(US)
- Maxell(JP)
- Panasonic(JP)
- TECLAST(CN)
- SSK(CN)
- GRAND(CN)
- Plextor(TW)
- Buffalo(US)
- Pawtec(US)
- Omorc(CN)
- VicTsing(US)
Major trends shaping the global optical drive market:
- Declining Demand – Optical disk drive shipments have been on a steady decline over the last decade, primarily due to the rise of media streaming, online downloads, cloud storage and USB drives replacing the need for physical disks. Both CD DVD drives are impacted.
- Transition to Blu-Ray – Blu-ray has emerged as the dominant optical disk format. Though smaller, the Blu-Ray market continues to grow even as CD/DVD decline. The top drive makers now are primarily focused on advanced Blu-ray writers and readers.
- External Drives Outpacing Internal – External optical drives have seen less severe demand declines compared to internal drives, as they can be used interchangeably across devices. Major computer manufacturers have cut down on internal drives.
- Enterprise Storage Applications Persist – Optical disks still have relevance for certain long-term data archival purposes in the enterprise sector, supporting Blu-Ray demand for cold storage and backup needs. This market is distinct from the steep consumer declines.
- Innovations for New Functions – Optical drive manufacturers are experimenting with new capabilities for functions like data backup, encryption, drone connectivity and even medicine storage. But none have reached mass adoption yet.
Major opportunities :
- Develop drives for emerging data storage needs – There are opportunities to develop optical drives purpose-built for specialized segments like enterprise archiving, networked data servers, cloud backups and other corporate infrastructure needs where long-term reliability and durability are critical.
- Innovate for faster blu-ray writing/reading speeds – Increased adoption in segments like video production, gaming, software development etc. provides an avenue for continued Blu-ray drive innovation to achieve faster disk writing/reading speeds and higher data storage densities on discs.
- Design drives for niche consumer media formats – New optical drives capable of reading/writing to niche consumer disc formats like Sony’s Archival Disc, Nintendo Optical Discs etc. cater to devoted fanbases willing to purchase compatible (often portable) drives.
- Portable drives with flexible power options – Portable, bus-powered or rechargeable battery-powered external optical drives with flexibility to work across devices (TVs, cars, projectors) and use cases (media playback, data access/transfer) have the most consumer appeal.
- Refocus on security-enhancing features – Incorporating advanced data encryption, access control and usage-tracking capabilities into optical drives can appeal to consumers/enterprises concerned about data security amidst rising cybercrime.
