This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
Video Player Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
GET A FREE SAMPLE
Report Overview
The global video player products market was valued at USD 8.5 billion in 2022 and is projected to expand at a CAGR of 11.1% from 2023 to 2030. Increasing broadband penetration and the rising trend of streaming services are primarily driving the demand for video players. In addition, increasing demand for connected devices and the emergence of smart TVs are further driving the demand for video players. The emergence of 5G technology is projected to offer lucrative opportunities for key players in the market as it will further enhance the streaming capabilities of video players.
The increasing demand for content streaming is propelling the demand for streaming media players. Moreover, the increasing demand for 4K and 8K resolution videos is driving the demand for the market. Furthermore, the growing demand for video-on-demand services and the increasing adoption of the internet of things (IoT) is further creating opportunities for the market.
The rising trend of cord-cutting is driving the demand for video players. Moreover, the increasing popularity of streaming devices such as Google Chromecast, Apple TV, and Amazon Fire Stick is creating opportunities for the market. Additionally, the increasing penetration of smart TVs and connected devices is further driving the demand for the market.
Furthermore, the emergence of cloud-based technologies and the increasing demand for portable video players are expected to further accelerate the growth of the market. The increasing demand for high-definition video players is further driving the market growth. Additionally, the increasing demand for digital streaming services such as Netflix, Amazon Prime, and Hulu is projected to propel the demand for video players.
Moreover, the increasing demand for video games is expected to drive the demand for video players. Furthermore, the increasing demand for voice-controlled video players is anticipated to propel the market growth. The increasing demand for interactive video players is expected to further augment the market growth. Additionally, the growing popularity of virtual and augmented reality is expected to boost the demand for video players.
Product Insights
The streaming segment accounted for the largest market share in 2018 and is projected to witness significant growth over the forecast period. Growing penetration of internet, rising demand for on-demand content over the internet, and increasing number of streaming services such as Netflix, Hulu, and Amazon Prime are some of the key factors driving the growth of this segment. Furthermore, the availability of high-speed internet access has enabled the streaming of video content over the internet, which has further resulted in the growth of the streaming video players segment.
The physical video players segment is expected to register the second-highest CAGR of 8.7% over the forecast period. The segment includes Blu-ray players and DVD players, which are preferred by consumers due to their low cost and convenience. Increasing demand for HD video content, growing demand for 3D video content, and increasing penetration of Blu-ray players are some of the key factors driving the growth of this segment.
Distribution Channel Insights
The offline retail stores segment is expected to remain the major revenue generator in 2022. The segment is driven by the rising popularity of brick-and-mortar stores among consumers. The availability of a wide range of products and services at these stores and their convenient locations are likely to drive the sales of video players through offline retail stores. According to a survey by Deloitte, in 2018, over 33% of customers preferred to buy consumer electronics from physical stores.
The online segment is expected to witness the highest growth rate of 11.4% through 2027. The increasing penetration of the internet and the growing popularity of e-commerce websites are major factors driving the growth of the segment. Growing consumer preference for the convenience of online shopping and the rising availability of video players on e-commerce websites are expected to propel the segment growth. Moreover, the increasing presence of online marketplaces such as Amazon and eBay is providing vendors with an easy and cost-effective platform to reach out to a larger customer base.
Type Insights
The digital media players segment accounted for the largest revenue share of 50.3% in the year 2022. The increasing penetration of digital media players in households and the rising popularity of streaming services such as Netflix, Hulu, and Amazon Prime Video are propelling the demand for digital media players. Companies such as Apple, Amazon, and Google are focusing on manufacturing digital media players with advanced features and capabilities to provide better user experience. For instance, Amazon Fire TV Stick 4K, a digital media player from Amazon, is an ultra-HD streaming media device with voice remote, HDR, and Dolby Atmos support.
The gaming console segment is expected to expand at the highest CAGR of 8.6% over the forecast period. Companies such as Microsoft, Sony, and Nintendo are focusing on introducing gaming consoles with advanced features such as 4K graphics, virtual reality, and motion control. For instance, Sony launched the PlayStation 5 in November 2020, which is powered by custom-designed CPU, GPU, and SSD. This gaming console supports 8K graphics, real-time ray tracing, and 3D audio. Furthermore, the launch of several online streaming services has increased the demand for gaming consoles.
Regional Insights
Europe holds the largest share in the video player products market and is expected to remain dominant over the forecast period. This is mainly due to the presence of prominent players in the region such as Sony, Panasonic, and Philips. Additionally, the presence of a large number of consumers willing to invest in high-end video player products is also driving the market in the region.
Asia Pacific is expected to be the fastest growing region over the forecast period. The growth of the market in the region is mainly attributed to the increasing disposable income of consumers and the growing demand for high-end video players. The region is also witnessing an increasing demand for feature-rich video players, which is expected to propel the growth of the market. Additionally, the presence of prominent players such as Samsung, LG, Xiaomi, and Oppo is also driving the growth of the market in the region.
Financial Projections
In this part of the video player products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your video player business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a video player products business comes from the sale of video players and related accessories. Here you will find a list with a description of each of them and other possible sources of profit such as advertising sales, subscription fees, and licensing fees from third-party content providers.
Projecting Expenses
In this section, all the regular expenses related to keeping the video player business running will be described. The list of operating expenses includes manufacturing and procurement costs of video players and accessories, wages, maintenance and repairs, utilities, insurance policies, advertising, legal fees, and others.
Key companies & market share insights
Some of the key companies operating in the video player products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, Roku launched a new line of streaming players with improved features such as voice search and 4K streaming.
– In August 2022, Microsoft launched the Xbox Series X, a powerful video game console that also supports video streaming.
– In October 2022, Apple launched the Apple TV 4K, a streaming player with 4K resolution and Dolby Vision support.
Some of the prominent players in the video player products market include:
– Roku Inc.
– Apple Inc.
– Microsoft Corporation
– Amazon.com, Inc.
– Google LLC
– Sony Corporation
– LG Electronics Inc.
– Samsung Electronics Co., Ltd.
– Panasonic Corporation
– Hisense Co., Ltd.
Global Video Player Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global video player products market based on product type, distribution channel, region, and end-user:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– DVD Players
– Blu-ray Players
– Digital Media Players
– Set-Top Boxes
– Other
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Online
– Offline
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
4. End-user Outlook (Revenue, USD Million, 2017 – 2030)
– Residential
– Commercial
Frequently Asked Questions
[Q]: What are the Key Drivers for the Video Player Market?
[A]: Factors such as increasing demand for video streaming services, rising internet penetration, increasing disposable income, and the increasing demand for sophisticated video players are driving the growth of the video player market.
[Q]: What are the Key Challenges Facing the Video Player Market?
[A]: Key challenges such as the high cost of video players, the limited availability of content, and the lack of awareness are some of the challenges that the video player market is facing.
[Q]: Who are the Key Players in the Video Player Market?
[A]: Key players in the video player market include Apple Inc., Google LLC, Microsoft Corporation, Sony Corporation, RealNetworks Inc., and Roku Inc.
[Q]: What are the Opportunities for Growth in the Video Player Market?
[A]: Some of the opportunities for growth in the video player market include the increasing adoption of virtual reality and augmented reality, the increasing demand for smart home devices, and the increasing demand for Internet of Things devices.
[Q]: What are the Regions with the Highest Potential for Video Player Market Growth?
[A]: North America is the largest regional market for video players, followed by Europe and Asia-Pacific. Asia-Pacific is expected to be the fastest growing region during the forecast period, driven by the increasing adoption of video players in the region.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
