Although sales of Mobile Internet Devices (MIDs) will exceed $17 billion annually by 2014, Intel-based products will only take a minority share, according to a new report from Strategy Analytics.

In the report, “MID: Heavyweights Do Battle For $17 Billion Prize,” MIDs represent the latest effort from computing, mobile and consumer electronics companies to create a market for handheld gadgets that support the complete range of Internet applications familiar to PC users.

This report predicts that global sales in 2008 will reach 1 million units, and will continue to grow at an average annual rate of 102% to reach 69 million units by 2014.

According to Peter King, director of Strategy Analytics Connected Home Devices, until Intel’s system-on-a-chip arrives in 2009, ARM-based vendors will have a window of opportunity to extend their market leadership.

Strategy Analytics expects most MIDs will feature multiple wireless radios, including Bluetooth, Wi-Fi and cellular 3G. For more information on the ARM vs. Intel race, read Technology Editor Brad Smith’s cover story “Smartphones vs. Mobile Internet Devices” in the May 2008 issue.