The global portable media player market size is anticipated to reach USD 27.80 billion by 2025. It is projected to register a CAGR of 4.0% during the forecast period. The top notch features of the products such as high video and audio quality, compatibility, flexible storage capacity, ease of use, and portability among others, are anticipated to drive the demand.
Portable media players can be
easily connected through Wi-Fi, Bluetooth, and USB, which makes them compatible
with a number of devices. With advancements in technology and rise in Internet
of Things devices, the demand for portable media players is increasing. For
instance, modern and luxury cars are coming up with portable audio and video
players which can store large amount of data and can also be connected to the
mobile phones. Archos 35 vision 8GB, is a portable media player, suitable when
travelling for long hours as it has long battery life, 8GB storage capacity,
light weight, and other features.
The video portable media player
is anticipated to expand at a CAGR of 4.1% from 2015 to 2025. The inclination
of consumers towards video entertainment such as series, movies, and music
videos is accelerating the segment growth. For instance, Archos recently
launched a range of portable media players ARCHOS Hello with audio visual
connectivity.
On the basis of distribution
channel, the offline category held the largest share of 77.22% owing to the
benefits of the product such as real time purchase. Availability of a wide
range of products from different brands and guidance from sales executive on
choosing the best product can further drive the demand. For instance, Chroma is
the leading retailer of consumer electronics in India. Currently there are 125
stores in 28 cities in India, offering variety of portable media players, with
Saregama Carvaan being the most popular portable audio player.
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Further key
findings from the report suggest:
- Hypermarket and supermarket
distribution channel held the largest market share of more than 30% in
2018, due to the ability of real time purchase, different brands to choose
from, and guidance from sales executive on choosing the best product
- Audio player media type
segment held the largest market share of over 57% in 2018 and is
anticipated to witness significant growth over the forecast period
- The portable media player
market is led by players such as Apple Inc.; Samsung; Creative Technology
Ltd.; SanDisk Corporation; Sony Corporation; Archos; Microsoft
Corporation; Koninklijke Philips N.V.; Coby Electronics Corporation; and
Cinepal, among others
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Grand View Research has segmented
the global portable media player market on the basis of media type,
distribution channel, and region:
Portable Media
Player Media Type Outlook (Revenue, USD Billion, 2015 - 2025)
- Audio
- Video
Portable Media
Player Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
- Offline
- Online
Portable Media
Player Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- Africa
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Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
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