Business
DVD to drive optical market skywards
Advances in DVD and CD-ROM technology will give the optical drive market a massive shot in the arm, according to a new report by Frost & Sullivan.
Already accounting for 12 million units and a value of $1.65 billion in 1996, the market is due to grow to $5.7 billion by 2003 thanks to technologies like DVD, CD-R and CD-RW, and the breathless pace of change in read-times.
Frost & Sullivan believes that the market will be completely reinvented in that time with magneto-optical growing moderately in sales but losing optical drive share to CD and DVD. Indeed, the researcher believes that the latter two technologies already jointly accounted for 83 per cent of 1996 revenues in the sector.