Panasonic, Royal Philips, Sony, and TDK will be on hand at the 2011 Consumer Electronics Show (CES) to accept the 62nd Annual Technology and Engineering Emmy Award being given to Blu-ray Disc technology, CNet reports.

"Sony began development of blue-laser optical technology in the late 1990s, realized the world's first high-definition recording on 20GB optical media by using blue-violet laser, and has contributed greatly to the continuous development of the Blu-ray Disc format," Jun Yonemitsu, deputy senior general manager of the company's home entertainment development division, said in a statement.

It's been somewhat of a bumpy road for Blu-ray, which launched back in 2006. At the outset, HD-DVD put up a valiant fight for control of the high-definition media market, and more recently consumer attention has turned to streaming services, such as Netflix. At present, there are 1.4 billion Blu-ray movies and TV shows, as well as 50 million Blu-ray players and recorders, 41 million PlayStation 3 consoles with integrated Blu-ray support, and over 25 million Blu-ray readers and writers.