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