Mobile phone accessories are collection of hardware that help in enhancing the functionality of mobile devices. Mobile phone accessories help consumers to protect their phone from being snatched or breakage and enable listening to music through headsets. Mobile phone accessories include, Bluetooth, portable speaker, power bank, headphones, and others. Mobile phone accessories help to keep the mobile phones safe from damage and also make smartphones look trendy.
Key players such as Apple, Inc., Samsung, Panasonic Corporation, and others are focused on investments and R&D to increase the functionality and features of smartphones. This in turn is expected to help companies to differentiate their products from competitors and maintain strong presence in the market. For instance, according to the Coherent Market Insights’ analysis, Samsung Electronics Co invested US$ 12.6 billion on mobile research and development (R&D) activities in 2015 for developing new technology and products, which further increases the demand for mobile phone accessories during the forecasted period.(2018-2026).
According to GSM Association Intelligence Report’s published in October 2016, 44% smartphone users worldwide are subscribed to internet connectivity and this is projected to surpass 60% by 2020. Proliferation of smartphones and high internet usage in conjunction with significant paradigm shift of consumers from physical payments to digital transaction is among the key trends to increase demand for smartphones. Accelitec WalletBuilder, Adyen, Airtel Money, Paytm, Allied Wallet, Alipay, and Amazon Pay are some of the prominent payment modes that have gained significant traction in the recent past. Increasing ease of transactions through these payment mediums has led to significant rise in use of smartphones and this in turn is expected to be another factor for propelling demand for mobile phone accessories during forecast period.
Key features of the study:
- This report provides in-depth analysis of mobile phone accessories market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2025), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players in the market It profiles key players in the global mobile phone accessories market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, mobile phone accessories market capital, key developments, strategies, and future plans Companies covered as part of this study include, Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, Apple, Inc., JVC Kenwood Corporation, Plantronics, Inc., Bose Corporation, Griffin Technology, Otter Products, LLC, Sennheiser Electronics GmbH & Co. KG (Germany), and others Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics The global mobile phone accessories market report caters to various stakeholders in this industry including, investors, suppliers, manufacturers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global mobile phone accessories market