Press Release Summary = Video-enabled MP3 players are a fad amongst the technology crazy youngsters all over the world.
Press Release Body = GenNext seems to be more enthusiastic for sophisticated & miniature products. The current fervor will result in a favorable growth in the sales of hi-fi devices such as video enabled MP3 players. Reduced prices enhanced flash memory capacity and accessibility to digital music will further stimulate this growth. It's anticipated that the worldwide sales of portable digital media devices such as MP3 players & PMPs shall rise 24%, making it to $27.9Mn by the end of 2006.
Market for flash based and HDD (Hard Disk Drive) based players will jump to $289Mn towards the year 2010, whereas it was just 142Mn in 2005. HDD based or MP3 models will continue to evolve as multimedia entertainment devices, equipped with audio/video and imaging playback.
RNCOS, a leading market research and analysis firm, in its recently published market research report named, "Portable Electronics Market - Worldwide (2006)" has provided the following information:
§ With ten-percentage points increase, the household penetration rate of portable media devices grew by 25.3% in January 2006, while it was just 16% for the same period in 2005. § There was a strong growth registered in the sales of MP3 players in 2005, with Asian markets being the center of it. § Apple is the dominant player in the world market for MP3, while its competitors are still facing problems such as constrained supply of flash memory. § Penetration rate among online adults has jumped to 55Mn people, with 27.8% & 13% of them owning MP3 players and PMPs, respectively.
About the Report Covering all aspects of world portable electronics market, this report provides discussion about the current developments in the industry. Influences of various government policies and reforms on this sector are also included in it. Listing the profiles of key players in this sector, the report also analyzes various strategies adopted by them for the growth of the industry. While outlining the challenges and opportunities before the industry, it also looks at the future prospects of the industry. This report is intended for all of the individuals and organizations having interest in the portable electronic market across the globe.
About RNCOS: RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
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