Mobile Phone Accessories Market is valued around USD 228.57Billion in 2019 and expected to reach USD 328.69 Billion by 2030 with the CAGRof 3.3% over the forecast period.
Mobile phone accessoriesare the additional software or hardware components to which helps in theefficient functioning of mobile phone. Every component has different functionsuch as charger is meant for mobile charging; earphones are for listen and soon. These components help to maintain the connectivity with outer world throughthe means of smart phone. There are different accessories available in themarket includes, screen protector, mobile cover, memory card & many more.
Global Mobile Phone Accessories Market report is segmented on the basis of product,distribution channel, price range and by regional. Based upon product, the mobilephone accessories market is fragmented into Battery, Headphone/earphone,Portable speaker, Charger, Memory card, Power bank, Battery case, Protectivecase, and others. On the basis of distribution channel, the market iscategorized into online and Offline. On the basis of price range, the market iscategorized into low, medium, and premium. The regional bifurcation ofcountries includes North America, Europe, Asia-Pacific, and RoW which arefurther segmented into major countries such as U.S., UK, France, and others.
The mobile phoneaccessories market is mainly driven by the constant growth in the smart ponealong with rapidly growing communication industry. There has been technologicaladvancement as well as growth in internet penetration all around the globe. Inaddition, growing disposable income along with the presence of developedinfrastructure followed by the rapid growth of social media has directed themarket growth. There has been surge in the demand of wireless technology whichhas created demand for wireless accessories which in turn created demand forthe mobile phone accessories market. On the other hand, growth in third partyapplications as well as new product launches in the market is also expected to anticipatethe market growth over the forecast period.
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The developed regions suchas North America and Europe are expected to hold the major market share owingto the presence of major market players along with technological advancement.In addition, high adoption rate of smartphone as well as high disposable income& presence of developed infrastructure. Asia Pacific is expected to dominatethe mobile phone accessories market in terms of growth rate owing to the rapidgrowth in communication industry followed by the high internet penetration.Moreover, growing disposable income with high adoption rate of advancedtechnology is likely to fuel the market growth.
The major market playersprofiled in the mobile phone accessories market includes Samsung Electronics,Energizer, Panasonic Corporation, Sony Corporation, JVC Corporation, BYD Inc.,Beats (Apple Inc.), Sennheiser Electronics GmbH & Co. KG, Otterbox, BoseCorporation, Plantronics Pty Ltd, and Griffin Technology among others.
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