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Portable Media Player Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Portable Media Player Market
The Business Research Company's Portable Media Player Global Market Report 2023 identifies increasing consumers purchasing power led as the major driver for the portable media player market's growth in the forecast period. An increase in purchasing power is strongly correlated with entertainment products. Because of the increase in purchasing power, people will buy more entertainment products, including TVs, DVDs, and portable media players.
The global portable media player market size grew from $22.57 billion in 2022 to $24.4 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The portable media player market size is expected to grow to $31.31 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the portable media player market are Apple Inc., Samsung, SanDisk Corporation, Sony Corporation, Archos, Microsoft Corporation, Koninklijke Philips NV, Coby Electronics Corporation
A key trend in the portable media player market includes technological advancement. Major companies operating in the market are developing new technologically advanced products such as the M17 portable desktop class music player that uses dual audio channels for an improved experience. For instance, in January 2022, FiiO, a China-based electronics company introduced the FiiO M17 portable desktop class music player. The device's unique features are left and right audio channels each containing a desktop-class, 8-channel ES9038PRO flagship digital audio signal (DAC) thereby providing clear audio and improved experience to its users and extremely pure audio reproduction. The device's output power is increased by 225% up to 3000mW per channel with a lower output impedance.
Read More On The Global Portable Media Player Market Report Here:
https://www.thebusinessresearchcompany.com/report/portable-media-player-global-market-report
The portable media player market is segmented -
• By Type: Audio, Video
• By Industry: Flash-Based Players, Hard Drive-Based Players, Mp3 CD Or DVD Players, Networked Audio Players, USB Host Or Memory Card Audio Players
• By Distribution Channel: Hypermarkets And Supermarkets, Electronic Stores, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the portable media player market.
The Business Research Company's "Global Portable Media Player Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Portable Media Player Market Include:
1. Executive Summary
2. Portable Media Player Market Characteristics
3. Portable Media Player Market Trends And Strategies
4. Portable Media Player Market - Macro Economic Scenario
5. Portable Media Player Market Size And Growth
……
26. Africa Portable Media Player Market
27. Portable Media Player Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Portable Media Player Market
29. Portable Media Player Market Future Outlook and Potential Analysis
30. Appendix
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