The increase in the adoption of smartphones, as they provide efficient connectivity to the digital world, is mainly driving the market for mobile phone accessories.
PORTLAND, OREGON, USA, October 17, 2022 /EINPresswire.com/ — Rising usage of smart mobile phones, increasing usage of smart wireless accessories, and technological advancements in OTG and wireless attachment are expected to propel the growth of the global market mobile phone accessories market.
According to the report published by Allied Market Research, the global mobile phone accessories market was estimated at $224.69 billion in 2018 and is expected to reach $284.05 billion by 2026, registering a CAGR of 3.1%. from 2019 to 2026. The report provides a detailed analysis of market size and estimates, major investment pockets, top winning strategies, drivers and opportunities, competitive scenario and changing market trends. market.
Rise in usage of smart mobile phones, rise in usage of smart wireless accessories and technological advancements in OTG and wireless accessories coupled with advancements in gaming accessories have driven the growth of the global market for mobile phone accessories. However, the high penetration of counterfeit products and the trade war among developed countries are hampering the market. On the contrary, technological advances in imaging and photographic accessories are expected to create lucrative opportunities in the near future.
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The market is divided on the basis of product type, distribution channel, price range and geography. Based on product type, the market is segmented into battery, headphone/earphone, portable speaker, charger, memory card, protective case, power bank, battery case and others. The headphone segment dominated the market in 2018, contributing about a quarter of the market. However, the portable speaker segment is expected to register the fastest CAGR of 9.2% during the forecast period.
Based on the price range, the market is divided into premium, medium and low. The premium range segment is expected to offer lucrative opportunities. The segment dominated the market in 2018, accounting for nearly three-fifths of the market and is expected to register the fastest CAGR of 3.8% during the forecast period.
The global mobile phone accessories market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region market held the largest share in 2018 accounting for nearly half of the market and the region is expected to register the fastest CAGR of 4.4% during the forecast period.
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The report provides an in-depth analysis of major market players such as Sennheiser Electronic GmbH & Co. KG, Apple Inc., Sony Corporation, JVC Kenwood Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Bose Corporation, BYD Co. Ltd. ., and Plantronics, Inc. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their position in the industry.
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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