Global Optical Data Storage Devices Market 2024-2030

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    OPTICAL DATA STORAGE DEVICES MARKET

     

    INTRODUCTION OF OPTICAL DATA STORAGE DEVICES MARKET

     

     Any form of storage where data is written and read using a laser is referred to as optical storage. Typically, data is written to optical mediums like digital versatile discs (DVDs) and compact discs (CDs).

     

    Optical discs were once thought to be a possible alternative to hard disk drives (HDDs) in computing systems, but their capacity growth has lagged behind both HDDs and later flash-based solid-state drives (SSDs), which has largely limited the use of optical storage to long-term archiving and data backup.

     

    However, optical discs are slower than the average HDD, much slower than the SSD, and have lower storage capacities than either. This is true even though optical media is more resilient to environmental factors than tape, HDDs, and SSDs.

     

    Currently, Blu-ray disks are the fastest optical data storage devices .Optical media has evolved over time to include several formats like LaserDisc (LD), HD-DVD, write-once, read-many (WORM) optical cartridges, and more. Three formats have emerged as standards in the optical storage industry today from this mixture.

     

    OPTICAL DATA STORAGE DEVICES MARKET RECENT DEVELOPMENT/INNOVATION

     

    S.NO Overview of Development Details of Development
    1. Sony is working on a next-generation optical disk storage system for the data server market.
    A more than 40GB optical data storage device with the provisional name “5.25-inch Ultra Density Optical (UDO) Format” has been announced by Sony Corporation. Due to their big capacity, long-term stability, high transfer rate, and random access capabilities, MO systems have become increasingly popular in the data storage industry. MO systems are frequently used to store data for LAN/Web servers, as well as for storing medical picture data and formal public papers, in addition to PCs and workstations. 

     

    Higher density and quicker reads are two improvements Purdue University researchers are working to make to optical storage. If the technology is developed successfully, Blu-ray discs may no longer be needed for storage.

     

    The storage media acts at a nanoscale level by plasmonic color creation, together with metallic nanoparticles and ultrathin metasurfaces. The researchers claim that they have already surpassed the fastest readout speed of the most recent Blu-ray disc by 143 times, or 18.3 Gbps. Additionally, they may hold 5% more data than a Blu-ray disc.

     

    OPTICAL DATA STORAGE DEVICES MARKET SIZE AND FORECAST

     

    infographic: Optical Data Storage Devices Market, Optical Data Storage Devices Market Size, Optical Data Storage Devices Market Trends, Optical Data Storage Devices Market Forecast, Optical Data Storage Devices Market Risks, Optical Data Storage Devices Market Report, Optical Data Storage Devices Market Share

     

    The Global Optical Data Storage Devices Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    OPTICAL DATA STORAGE DEVICES MARKET NEW PRODUCT LAUNCH

     

     In Las Vegas, Folio Photonics will present the first enterprise-scale Optical Data Storage Devices solution ever. The new technology is intended to make data archives accessible, active, digitally secure, and sustainable while substantially lowering initial expenses and the total cost of ownership of data storage and backup.

     

    Currently, businesses all over the world store and back up their data in sizable data centers, edge centers, cloud data warehouses, and tape and disc storage. Each storage method, however, has distinct benefits and drawbacks in terms of energy usage, accessibility, dependability, and pricing.

     

    Folio Photonics, a business that specializes in data storage innovation, will unveil the first enterprise-scale optical data storage system. The company asserts that by utilizing revolutionary developments in materials, it has produced a system that outperforms conventional disc storage.

     

    The new Folio Photonics storage system was created by professor Kenneth Singer at Case Western Reserve University (CWRU) using technology that was licensed from the university’s National Science Foundation Center for Layered Polymeric Systems.

     

    The system, according to the manufacturer, is an upgraded write/read optical storage device with large capacity. The storage capacity of a single Folio disc is equivalent to that of more than 100 DVDs, and a 10-terabyte disc is in the long-term agenda.

     

    The storage layers—16 or more per disc—are incredibly thin, highly dense, and capable of random access. Through a unique confocal optical pickup unit that can track through layers at high spin speeds, data is written to and accessed from a proprietary drive.

     

    OPTICAL DATA STORAGE DEVICES MARKET RECENT PARTNERSHIPS 

     

    S.NO Overview   Details 
    1. Philips and Benq collaborate on optical storage. The firms stated that they will collaborate on the development of optical storage products, first focused on DVD+rewritable (DVD+RW) drives. The firms believe that by working together, they can bring quicker DVD+RW devices and other novel optical storage solutions to market ahead of the competition. Philips and Benq, both based in Amsterdam, issued a joint statement. According to the firms, once the technologies are established, Benq will concentrate on delivering speed increases while Philips works on innovations and new storage approaches.

     

    OPTICAL DATA STORAGE DEVICES MARKET THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Optical Data Storage Devices are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Optical Data Storage Devices and key vendor selection criteria
    3. Where are the Optical Data Storage Devices manufactured? What is the average margin per unit?
    4. Market share of Global Optical Data Storage Devices market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Optical Data Storage Devices in-house
    6. key predictions for next 5 years in Global Optical Data Storage Devices market
    7. Average B-2-B Optical Data Storage Devices market price in all segments
    8. Latest trends in Optical Data Storage Devices market, by every market segment
    9. The market size (both volume and value) of the Optical Data Storage Devices market in 2024-2030 and every year in between?
    10. Production breakup of Optical Data Storage Devices market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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