Global Digital Recorder Market 2017-2021

Overview of the global digital recorder market

This research analysis identifies the growth of the entertainment industry as one of the factors that will have a positive impact on the growth of the global digital recorder market. Owing to the growing demand, the vendors are investing heavily in the entertainment industry. Additionally, the rising number of live programs and the increasing number of audiences globally also contribute to the growth of this industry. This will drive the demand for digital recorders for easy and high-quality recording, which in turn, will drive the market for digital recorder. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

In terms of geography, the Americas account for the largest revenue share and this is mainly due to the rising consumer preference for high-quality products. The region is witnessing the growth of the travel and tourism industry which in turn, will drive the demand for recorders from travelers. The increasing usage of high-end technology products for security purposes and investigations and the increasing adoption of action cameras, will also fuel the market's growth.

Competitive landscape and key vendors

The digital recorder market is highly fragmented due to the presence of many vendors. To sustain the competition, the vendors in the market are focusing on offering various products with advanced technologies. The large vendors in the market are also acquiring small vendors to enhance their product portfolio and geographical presence.

The leading vendors in the market are -

• Canon
• Panasonic
• Samsung Electronics
• Sony
• Koninklijke Philips
• Olympus
• TASACAM

The other prominent vendors in the market are Blackmagic Design, HC SHINCO INTERNATIONAL, Indigi, JVC, Kodak, Polaroid, Ricoh Company, Roland, Shenzhen CENLUX Digital Technology, and Zoom.

Segmentation by type and analysis of the digital recorder market

• Digital video recorders
• Digital voice recorders

The digital video recorder contributes to the largest market share due to its capability to record audio as well live videos. The growth of the media and entertainment business has led to the growth of the digital video recording segment. The evolution of ultra-clarity video recorders will also propel the market's growth in this segment. 

Segmentation by application and analysis of the digital recorder market

• Professional applications
• Personal applications

The professional application segment accounts for the highest share of this market due to the high demand from the end users for digital electronics. The increasing demand from the consumers for advanced technology video or audio recorders will also fuel the market's growth prospects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global digital recorder market?
• What are the key market trends impacting the growth of the global digital recorder market?
• What are the challenges to market growth?
• Who are the key vendors in the global digital recorder market?
• What are the market opportunities and threats faced by the vendors in the global digital recorder market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global digital recorder market?

Technavio also offers customization on reports based on specific client requirement.

A digital recorder is a device which is used to capture high-quality audio and video. The device can be a digital voice recorder or a digital video recorder. This forthcoming research report on the global digital recorder market offers insights into the major trends and forthcoming drivers influencing the growth of the media and entertainment industry. Our reports for the media and entertainment industry also follow a scrupulous data collection methodology and offer an extensive analysis of fast growing market segments like consumer electronics. 

By taking into account the market forecast and size and the surging demand for various segments of the consumer electronic sector, the market research professionals at Technavio present an all-inclusive picture of the digital recorder market from 2017 to 2021. Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of quantitative and qualitative data collection methods and assess the changing demand-supply landscape of the consumer electronics sector. The key advantage gained from the adoption of this approach is better statistical models and vendor analysis.

This forthcoming market research report on the digital recorder market also covers vendors like Sony, Panasonic, Olympus, Canon, and Samsung Electronics. Furthermore, to present clients the opportunity to identify potential market segments and expand in niche markets, this report on the digital recorder market also covers geographies like the Americas, APAC, and EMEA. Also, this market research report presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.

The upcoming industry research report on the digital recorder market also categorizes the key drivers, prominent trends, and the imminent restraints that the consumer electronics sector currently experiences. This upcoming report on the digital recorder market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the media and entertainment industry. Technavio also presents in-depth market assessments into the sectors such as media and entertainment services and internet and e-commerce.

Our market research methodology for the digital recorder market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.