MP3 Players Set to Exceed Sales of 100 Million Units by 2012, According to New Report by Global Industry Analysts, Inc.
Rising levels of disposable income and expanding internet connectivity continued to boost sales of MP3 players worldwide. Driven by growing consumer demand, the market is projected to exceed 100 million units by 2012.
San Jose, California (PRWEB) November 13, 2008 -- Increasing disposable incomes and consumer preference for innovative and techno products continues to aid fast-paced growth in the digital consumer electronics market. MP3 Players, holding a small share of the entire compressed audio players segment, is one of the key categories driving growth in the worldwide consumer electronics industry. Convenience, size, price, software availability, and features are key growth determinants. Rising penetration of PCs and expanding broadband Internet services also contribute towards enhancing demand for MP3 players. However, growing Web downloads are also increasing concerns about music piracy in the recording industry.
United States is the single largest market for MP3 players worldwide. The market is estimated at 14.5 million units in 2008 as stated by Global Industry Analysts, Inc. Asia-Pacific is the largest regional market followed by Europe. Collectively, the US, Europe and Asia account for over 75 percent of the global MP3 players market. The Asia-Pacific market is expected to register fastest growth rate, depicting 9.5% CAGR over 2008-2012 period. The US and European MP3 players markets are expected to loose shares over the nest five years, and major gainer during the period is expected to be the Asian block. Flash MP3 players market represents the leading product category, capturing over 75% share of worldwide unit sales. Flash MP3 Players is projected to witness a CAGR over 8% until 2012.
These and other market data and trends are presented in "MP3 Players: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The MP3 players market is analyzed in units by the following geographic regions -- United States, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World; and product segments -- Flash MP3 Players and HDD MP3 Players. Analytics for the period 2000-2015 provide a comprehensive understanding of the market.
As portable music players and personal computers are interlinked, the fiercely competitive MP3 players market comprises of several device and technology vendors. Dominant global forces profiled in the report include Apple Computer, Inc., Archos Inc, Beijing Huaqi Information Digital Technology Co., Ltd., Cowon Systems, Inc., Creative Technology Ltd, Creative Labs Inc, Creative Labs Europe, MP3 Plus Ltd, Acer Inc., Hyun Won Inc, JCPC Technology Co Ltd, KingByte Information Corp, LG Electronics, Philips Electronics N.V., Philips Electronics North America, ReignCom Ltd., iRiver America Inc., Samsung Electronics Co. Ltd., Sony Corporation, TGE Group, and Thomson, among several others. Also profiled are the technology vendors such as Cirrus Logic, Hitachi Global Storage Technologies, Iomega Corporation, Intel Corporation, Inventec Appliances Corporation, Lexar Media Inc, Matsushita Electric Industrial Company Limited, Micronas Semiconductor Holding AG, Samsung Semiconductor Inc, SanDisk Corporation, Seagate Technology LLC, Telechips Inc, Texas Instruments Inc, and Toshiba Corporation. The study enumerates recent developments, mergers, acquisitions, production & pricing dynamics, new product introductions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For more details about this research report, please visit http://www.strategyr.com/MP3_Players_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.StrategyR.com/
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