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MP3 Player Worldwide Demand Remains Strong
MP3 Player Worldwide Demand Remains Strong
| Posted by Admin on Monday, August 27, 2007 - 03:18 pm: |
|
Driven by increased broadband penetration, declining price points, and a growing catalogue of online audio and video content, the market for MP3 players and portable media players (PMPs) will remain strong over the next five years, reports In-Stat (http://www.in-stat.com). Nevertheless, according to In-Stat's latest primary research, the main reason consumers are purchasing portable MP3 players and video-capable PMPs today is for the devices' audio playback capability, the high-tech market research firm says.
"Only 11% of survey respondents say they will purchase a PMP primarily for its video playback function," says Stephanie Ethier, In-Stat analyst. "Still, the cost of incorporating video into portable devices continues to decline. As a result, In-Stat expects shipment growth of video-enabled PMPs to outpace that of audio-only MP3 players by the end of 2008."
Recent research by In-Stat found the following:
- Worldwide unit shipments for audio-only MP3 players and PMPs combined will reach 275 million units in 2011, up from 182 million in 2006.
- Of the 2,408 respondents to In-Stat's latest survey of US consumers, 52% own an MP3 player or PMP.
- In-Stat does not expect music-enabled cell phone shipments to displace dedicated PMP/MP3 player shipments any time soon, but there is an opportunity for cell phone manufacturers to capture those consumers who are considering cheap, audio-only MP3 players.
For more information on this research or to purchase it online, please visit: http://www.instat.com/catalog/mmcatalogue.asp?id=27 or contact a sales representative: http://www.instat.com/sales.asp
The price is $3,495 (US).
About In-Stat
Technology vendors, service providers, technology professionals and market specialists, worldwide, rely on In-Stat's experienced staff and in-depth research to support critical business, product and technology decisions. In-Stat's insights are derived from both a deep technology understanding and comprehensive research, which examines each segment of the value chain for each market. Regular and ongoing end-user demand and primary research surveys underpin much of the analysis, enabling In-Stat to provide incisive market knowledge and guidance on future market opportunities via syndicated research products, custom consulting, and advisory services.
In-Stat is a strategic segment of the $9 billion Reed Elsevier global information network, with access to an expansive worldwide electronic network, extensive technology databases and well-informed personnel. As a member of Reed Business Information, In-Stat is a division of the largest business-to-business publisher in the U.S.
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