According to a research report titled ‘Global Portable Media Player Market Size study, by Media type (Audio, Video) by Distribution Channel (Offline, Online) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global portable media player market is expected to garner considerable returns over 2021-2027.
 

Increasing demand for music players as well as technological advancements are fueling the global portable media player market trends. In this context, Statista cited that the sales for speakers and headphones are predicted to grow from USD 3 billion in 2017 to USD 7.54 billion by the end of 2022.
 

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Moreover, rising disposable income, and a growing desire for listening to music in recreational time are expected to boost market growth over the forecast years. However, growing number of smartphone users would stifle the product demand during 2021-2027.
 

On the basis of media type, the market trend is categorized into audio, and video. Based on distribution channel, the industry is divided into online, and offline. Information pertaining to industry share held, growth rate prediction, and contribution towards overall valuation is provided in the report.
 

Speaking of geographical landscape, global portable media player market spans across North America (US, Canada), Europe (France, Italy, UK, Germany, Spain, and RoE), Asia Pacific (China, Japan, India, Australia, South Korea, and rest of APAC), Latin America (Brazil, Mexico), and rest of the world.
 

Among these, North America held a significant market share in the recent past, owing to surging demand from media and entertainment sector. Meanwhile, Asia Pacific market is expected to grow at a rapid pace over the forecast period, as rising disposable income would propel the market outlook to new heights.
 

Speaking of competitive arena, major players in worldwide portable media player market are Apple Inc., The Samsung Group, Creative Technology Pte Ltd., SanDisk, Archos, Sony Corporation, Microsoft Corporation, Koninklijke Philips N.V., and Coby Electronics Corporation.
 

These organizations are constantly spending in researching and developing new goods, as well as forming strategic partnerships and collaborations to boost their market position.