Global Mobile Phone Accessories Market by type ((headphone/earphone, protective cases, power bank, battery, memory card, portable speakers among others) –By Distribution Channel (online and offline)-By Price range (premium, medium, and low)-By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US $ 110.90 Bn by 2026, at a CAGR of 5.81 %.
Mobile phone accessories contain protective cases, headphones or earphones, power bank chargers, memory cards, batteries, and portable speakers. The petition of protective accessories such as tampered glasses, and screen guards is growing to protect smartphones from physical damage. The rising demand for wireless mobile accessories such as Bluetooth headsets, wireless charger is one of the critical trends that is driving the market of mobile accessories. The growing adoption of E-commerce and E- banking have generated the ultimatum for mobile devices worldwide that in turn to contributing the growth of mobile accessories market.
Mobile phone accessories complement the features, performance, and maintenance of mobile handsets. Technological innovations and the need for the effective maintenance of mobile phones have propelled the growth of the global mobile phone accessories market. The market is highly dynamic due to frequent product launches introducing new features. The compatibility and interchangeability of mobile phone accessories let consumers choose from a wide range of product offerings. The growing demand for mobile phone accessories and high profit margins of products has led many established players in the mobile handset market to launch their own accessories.
Enlarged need to protect phone against damage of phone is subsidising to the growth of the mobile device accessories market.
Clients are extensively demanding for glossy and stylish mobile devices, inspiring the manufacturers to use thin glasses for the screen and brighter frames to reduce bulk. These features augment the aesthetics of the device while cumulative the brittleness of the device. The high defencelessness of damage drives the consumers to purchase supplementary accessories such as back covers, protective cases, and screen guards, for safeguarding and protecting the device.
Memory card segment is estimated to hold large market share in the global mobile phone accessories market.
A memory card is primarily used as a main and portable flash memory in mobile phones, cameras and other portable and handheld devices. PC Cards where predecessor of modern memory cards that were introduced for commercial purposes. In addition to providing non-volatile media storage, a memory card uses solid state media technology, which drops the chances of mechanical problems over traditional hard drives.
The Online distribution channel is projected to hold large market share in the global mobile phone accessories market.
The Online distribution channel is projected to hold large market share in the global mobile phone accessories market owing to growing use of online shopping for purchase of mobile accessories and other products.
Asia Pacific is expected to dominant position during the forecast period in the global mobile phone accessories market.
Asia Pacific is expected to dominant position during the forecast period in the global mobile phone accessories market. The growth can be attributed to growing use of smartphones for social networking especially in developing economies such as India and China. The number of smartphone users in India in 2016 was 165 million and it enlarged to 195 million in 2017. Asia-Pacific is highest revenue contributor to the global mobile phone accessories market nearly about 45.50% share. Rapid technological advancements and upsurge in the adoption of smartphones, Increasing mobile phone users and internet based activities such as online shopping in this region are subsidising in the growth of Mobile Accessories market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as LG Electronics Inc., Logitech international S.A., Panasonic Corporation, Pioneer Corporation, Samsung Electronics Co. Ltd., Sony Corporation, and Toshiba Corporation, Astrum Holdings Limited, Clarion Co., Ltd., Apple Inc., JVC Kenwood Corp., Plantronics, Inc., Bose Corporation, Griffin Technology, Otter Products, LLC and Sennheiser Electronics GmbH & Co. KG
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global mobile phone accessories market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global mobile phone accessories market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global mobile phone accessories market positioning of competitors.
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