Market estimate for MP3 players:
(courtesy of Savant at SI)
SANTA CLARA, Calif., May 15, 2001 /PRNewswire via COMTEX/ -- Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ) today announced the appointment of ReignCom Ltd. as its technology marketing representative in Korea. ReignCom is a leading technical marketing and solutions provider with over 50 employees in offices in Seoul. Among ReignCom's distribution lines are semiconductors from Cirrus Logic and LuxSonor. ReignCom is also a major designer of portable digital music players.
The Internet audio player world market is estimated to quadruple in 2001 to above 4 million units and is predicted continue to increase at a 109 percent compounded annual growth rate to 30 million units in 2002. By 2005, demand for MP3 players is expected to surpass conventional cassette tape recorders. Meanwhile the number of OEMs manufacturing MP3 devices swelled from a handful a year ago to more than 50 at present. Korea is now a major producer and exporter of electronics, including MP3 devices, exporting ten times the number of devices that it consumes domestically.
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