Mobile phone plays an important and vital role in modern day to day life. Increase in the adoption of smartphones, as they offer effective connectivity to the digital world majorly drives the market. Rise in demand for wireless accessories also boosts the market growth. This increase in demand is due to the change in customer preferences to listen to music on portable devices, such as smartphones and tablets.
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In the current business scenario, it is crucial to employ efficient systems for wireless technologies, owing to increase in the purchasing power and changes in lifestyles of the people. This is the key factor that boosts the sales of mobile phone accessories in the developing economies. Increase in the adoption of smartphones, as they offer effective connectivity to the digital world majorly drive the market. However, excessive use of headphones affects the hearing ability of the users, which restricts the market. Rapid technological advancements, including implementation of noise cancelling technology, Bluetooth/NFC speakers, and built-in fan and light in selfie sticks, are expected to offer lucrative growth opportunities in the near future.
The key players operating in the global mobile phone accessories market are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co Ltd., Plantronics, Inc., Energizer Holdings, Inc., and JVC Kenwood Corporation.
The global mobile phone accessories market is segmented based on product type, distribution channel, price range, and region. Based on product type, the market is divided into battery, headphone/earphone, portable speaker, charger, memory card, power bank, battery case, protective case, and others (USB cable and selfie stick). Based on distribution channel, it is bifurcated into online and offline. By price range, it is segmented into premium, mid, and low. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East (LAMEA).
Rise in Demand for Wireless Accessories
The increase in the demand for wireless accessories such as portable mobile speakers and Bluetooth handsets is one of the major factors that drives the growth of the market.
Increase in Adoption of Smartphones
At present, the adoption of the smartphones is on an increase at a faster pace owing to the rise in internet penetration and growth in popularity of social networking sites in China, India, and Indonesia. Moreover, people have started using smartphones for e-banking and shopping, which further drives the demand for smartphones.
Adverse Effect of Hearing Disability
Rapid growth in the use of mobile phones, headsets, and portable music players have increased the use of wireless accessories and this has led to many adverse hearing effects. The prolonged use of headphones at high-volume limits has caused temporary as well as permanent sensory damages, which limits the market growth.
Key Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the mobile phone accessories market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2023.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global mobile phone accessories market…
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