PMP/MP3 Player Market to Double from 2005 to 2010 to Hit 270 million

Portable Media Players (PMP)/MP3 players represent one of the fastest-growing segments of the consumer electronics industry today, with unit shipments expected to more than double between 2005 and 2011, according to iSuppli Corp. Global PMP/MP3 factory revenue will rise to $21.5 billion by 2011, expanding at a CAGR of 7.4% from $14 billion in 2005. PMP/MP3 revenue this year will rise to $20.6 billion, up 14.4% from $18 billion in 2006.
  • Global PMP/MP3 player unit shipments will rise to 268.6 million units in 2011, expanding at a Compound Annual Growth Rate (CAGR) of 13% from 128.7 million units in 2005, iSuppli predicts. 
  • In 2007, player shipments are expected to rise to 216.9 million units, up 21.8% from 178.1 million in 2006.

 “A major driving factor behind this growth is the fact that PMP/MP3 players take advantage of the Internet more than other consumer electronic devices, giving users the ability to quickly and easily sample, acquire and share media,” said Chris Crotty, senior analyst for consumer electronics at iSuppli. 

The rise of the PMP/MP3 market is being fueled by the global expansion of Internet and broadband access. The total number of Internet households and broadband subscribers worldwide will grow to 883 million and 507 million respectively by 2011, iSuppli predicts.

  • The worldwide broadband digital paid video market will expand to $4.5 billion in 2010, up from a meager $300 million in 2006. 
  • iSuppli forecasts the broadband music market will grow to $5 billion in revenue by 2010, up from $1.6 billion in 2006. 

Previous: « Nokia Leads Smarphone Market with 56% Share; Symbian Has 73% of OS Share

Next : » Easter Spending Expected to Hit $14 billion

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery:

Essential Business Books