May 12 – Now that the pesky “format war� business has been taken care of, many analysts seem to think that the future of Blu-ray in the US is looking very prosperous.

According to research published by Strategy Analytics Connected Home Devices, Blu-ray will jump into around 29.4 million homes this year alone.

By the year 2012, Blu-ray will have increased its market penetration to 132 million homes worldwide.

They go on to predict that the Sony’s PS3 will drive Blu-ray sales until 2009, when standalone players will have become the dominant players in people’s homes.

This is of course no surprise to anyone. Blu-ray is the most logical successor to DVD, since HD DVD’s collapse.

With a booming HDTV market that is gaining more and more mass market penetration each day, many consumers will become unsatisfied with standard DVDs paired with their new HDTV, necessitating a change to an HD format.

Now we can sit on our laurels until downloadable HD content becomes a major player and we have yet another “format war�.

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[Via BusinessWire]