Japanese consumers are already rapidly switching to DVD recorders, and this trend is now set to hit both the US and European markets. The average price of a DVD recorder will fall to $600 this year and to $450 in 2004, encouraging DVD owners to replace and upgrade their existing players.
The report predicts annual sales of DVD video recorders worldwide will reach 42.1 million in 2008. By that time, DVD recorders will be in 40 percent of homes in the US, 33 percent of homes in Europe and 62 percent of homes in Japan.
Strategy Analytics, Inc., a global research and consulting firm, provides timely insights and strategic business solutions to companies operating at the convergence of information, communications, and entertainment technologies. With worldwide headquarters in Newton, MA and principal offices in England, France, and Germany, Strategy Analytics focuses on market opportunities and challenges in the areas of Automotive Electronics, Broadband, Telematics, Wireless Strategies, and Enabling Technologies.