PMPs/MP3 players lead charge
The Portable Media Player (PMP)/MP3 player market will grow to 268.6 million units in 2011, rising at a compound annual growth rate (CAGR) of 5.5 per cent from 216.9 million units in 2007, iSuppli Corp predicts.
The future of PMP/MP3 players is bright due to continued hardware cost reductionsthe rapid growth of online video and audio content and new offerings that will make it easier for users to access and download such online media said Chris Crotty, senior analyst for consumer electronics at iSuppli.
While challenges remain for PMP/MP3 players-including rising competition from media-capable mobile phones-iSuppli believes PMPs will retain their technological edge over media-capable handsets.
"