With the development of internet digital technology，the change of people’s reading habits，the promotion of policies and the development of social economy，audiobooks have become an increasingly popular audio content product in China. At present，China is the second largest market for audiobooks in the world，and the audiobook industry continues to develop rapidly and the market system is gradually maturing. The upstream of the audiobook industry chain is the copyright holder，the midstream is mainly the audiobook reading platform，with Himalaya，Dragonfly FM and Lychee forming the head effect，and the audiobook production mode has three modes：UGC，PGC and PUGC. Downstream users show young characteristics，listen to audiobooks for a variety of purposes and a wide range of application scenarios，and young and new first-tier city users are more willing to pay. In the future，audiobooks will have a wider range of application scenarios and richer profit models，with more players joining the track to stimulate business potential，while also requiring industry change and innovation to break through bottlenecks to achieve high-quality development.