How Big is Mobile Phone Accessories Market ? :
IMARC Group’s latest research report, titled “Mobile Phone Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the mobile phone accessories market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global mobile phone accessories market size reached US$ 85.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
What are Mobile Phone Accessories Uses ? :
Mobile phone accessories refer to a wide range of additional items and enhancements that can be used to enhance the functionality, protection, and aesthetics of mobile phones. These accessories are designed to complement and enhance the user experience, offering added convenience, personalization, and utility. Common mobile phone accessories include protective cases and covers, which safeguard the device from scratches, drops, and other damages. Screen protectors are also popular accessories that help guard against scratches and maintain screen clarity.
Mobile phone accessories also include selfie sticks, tripods, and camera lenses that enhance photography capabilities. Pop sockets, grips, and stands offer better handling and positioning of mobile devices for a comfortable viewing experience. The accessories allow users to personalize their devices while adding practicality, convenience, and functionality to their mobile usage.
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Who are the key Players Operating in the Industry ? :
- Apple Inc
- Bose Corporation
- Energizer Holdings Inc
- JVCKENWOOD Corporation
- Kingston Technology Corporation
- Panasonic Corporation
- Plantronics Inc
- Samsung Electronics Co. Ltd
- Sennheiser electronic GmbH & Co. KG
- Sony Corporation
- Western Digital Corporation
- Xiaomi Inc
What are the Growth Prospects and Trends in the Mobile Phone Accessories Industry ? :
The widespread adoption of smartphones globally drives the demand for mobile phone accessories. With smartphones becoming increasingly expensive and fragile, the need for protective accessories, such as cases, screen protectors, and bumpers, rises as consumers seek to safeguard their devices from scratches, drops, and other damages, creating a market for durable and protective accessories. In response, ongoing technological advancements in smartphones, such as larger screens, improved cameras, and enhanced features, create a demand for accessories, including camera lenses, tripods, and gaming controllers, thus catalyzing the market.
Moreover, the escalating demand for wireless charging and fast charging capabilities has led to an increased demand for compatible accessories, such as wireless chargers, fast-charging cables, and power banks. Besides, the influence of social media platforms and influencers plays a significant role in driving the demand for mobile phone accessories.
Mobile Phone Accessories Market Development :
The growth of e-commerce platforms has made mobile phone accessories more accessible to consumers worldwide since online shopping provides a wide range of options, competitive prices, and convenient delivery, contributing to the expansion of the mobile phone accessories market. Furthermore, the rising popularity of mobile photography, vlogging, and content creation fuels the demand for accessories, including camera lenses, tripods, and lighting equipment. Along with this, the rising consumer awareness of smart accessories, such as smartwatches, fitness bands, and wireless earbuds, is strengthening the demand for these accessories as they offer additional functionalities and integration with smartphones.
Apart from this, the integration of smartphones with smart home devices and IoT technologies drives the demand for accessories that facilitate seamless connectivity and control. Additionally, the expansion of 5G networks and the adoption of 5G-enabled smartphones is acting as another growth-inducing factor. Moreover, collaborations between mobile phone manufacturers, accessory brands, and other industries, such as fashion or sports, drive the market for co-branded or licensed accessories.
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Key Market Segmentation:
Breakup by Product Type:
- Portable Speaker
- Memory Card
- Power Bank
- Protective Case
- Screen Guards
Breakup by Price Range:
Breakup by Distribution Channel:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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