Mobile Phone Accessories Market
The Global Mobile Phone Accessories Market size valued to USD 228.57 billion in 2019, is predicted to reach USD 328.69 billion by 2030 with a CAGR of 3.30% from 2020-2030.
The global digitalization is leading towards higher dependency on smart gadgets, especially mobile phones. The enhanced connectivity spectrum tends to higher adoption of mobile phones at individual level, hence resulting to a consequent growth of mobile phone accessories market. Mobile phone accessories are the hardware components, trivial in functioning of mobile phones, but are necessary in providing additional support, product enhancement, and greater convenience factor. This includes innovative accessories such as external battery packs, power banks, wireless headphones, wireless chargers, memory card, protective case, screen protectors and many more.
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Top Companies: Samsung Electronics, Energizer, Panasonic Corporation, Sony Corporation, JVC Corporation, BYD Inc., Beats (Apple Inc.), Sennheiser Electronics GmbH & Co. KG, Otterbox, Bose Corporation, Plantronics Pty Ltd and others.
The global mobile phone accessories market share analysis is based on product, distribution channel, price range, and geography. Based on product, the market is segmented into Battery, Headphone/earphone, Portable speaker, Charger, Memory card, Power bank, Battery case, Protective case, and others. Based on the channel of distribution, the market is divided into online and offline. Based on price range, the market is divided into low, medium, and premium. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
The mobile phone accessories market is thriving due to higher adoption of mobile phones at global level. According to a survey the total number of smartphone shipments in quarter-3 of 2019 hit 352.4 million units. Increasing penetration of IoT & AI technologies, plus innovative technological progress in voice recognition system, wireless audio products, clip-on headphones, as well as precise integration of speech recognition software; are the factors driving the growth of the global market.
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North America shows a higher dominance on the global mobile phone accessories market, accounting for the highest market shares. This is attributed to factors such as increased adoption of wireless accessories, presence of advanced technology and higher inclination towards digitalization. Asia-Pacific is projected a rapid development in the global mobile phone accessories market, growing with the highest CAGR, due to higher internet penetration, increasing adoption of smartphones, and their reduced prices. Increased per-capita income and advancements in product technologies, are further leading to supplement the market growth in this region.
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