Study: MP3 player market reaches $4.5 billion

Market research firm In-Stat said the market for hard drive and flash-based digital music players reached US$4.5 billion in 2005, a 200 percent increase over 2003. The company also said that Apple is the leader in worldwide portable audio players, with an estimated 30.2 percent of the combined market.

Forces driving the growth of the market include falling prices, the increased availability of legitimate music download services like Apple's iTunes Music Store, smaller hard disk drives and increased flash memory capacities, according to the report.

In-Stat indicated that 1GB or larger flash-based players will represent just over 20 percent of the worldwide flash digital music player market by the end of this year. And its survey data shows that penetration of digital audio players in the U.S. market has increased from 16 percent in 2001 to 25 percent in 2005.

In-Stat said the market will grow dramatically in the next few years, estimating that consumers will buy more than 104 million units by 2009, up from 27.8 million in 2004.

The figures are part of a report entitled "Portable Digital Audio Players: Moving to the Beat of a Booming Market."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Cohen

Playlist (US online)
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?