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Research Firm: Annual Market For MP3 Players to Hit 286 Million By 2010
Sunday, April 30th, 2006 at 3:00 PM - by Brad Cook
Research firm In-Stat on Monday issued a research report in which it projected that the annual market for MP3 players will reach 286 million by 2010. In-Stat's consumer survey also found that 49% of MP3 player owners have an iPod.
Analyst Stephanie Guza commented: "Apple continues to dominate the market for MP3 players, particularly in the US. Apple competitors continue to face significant challenges, such as a constrained Flash memory supply, device and software integration, and the 'cool factor' associated with Apple's iPod line of products."
In-Stat also found that sales of low-end, Flash-based players were strong during 2005, which saw 140 million MP3 players sold in total. The firm also speculated that hard drive-based models "will continue to evolve into multimedia entertainment devices capable of audio, video, and imaging playback."
The 39-page report, which sells for US$2,995, takes a comprehensive look at the current market for MP3 players, including competitors, market shares, shipments, platforms, consumer ownership, buying behavior, and consumer demand.
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