The global mobile phone accessories market size is valued at USD 202.45 billion in 2020 is expected to reach USD 328.70 billion by 2030 growing at a CAGR of 4.5% from 2021 to 2030.
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The highly competitive and fragmented mobile phone accessories market is made up of different market players. Major market players include 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 Technology Griffin among others.
Past efforts, current developments, and futuristic advancements boil down to understanding the overall growth of the Mobile Phone Accessories market. For example, in September 2019, Sennheiser’s MOMENTUM range of high-end headphones entered its third generation, with the launch of the new MOMENTUM Wireless at IFA 2019. Sennheiser’s headphones claim to be the latest addition to the “line iconic audio specialist” that delivers superior sound, modern design aesthetics, cutting-edge technology, and a touch of handcrafted indulgence in every moment.
In February 2020, one of the major players in the global mobile phone accessories market, Samsung Electronics collaborated with iconic New York fashion brand Thom Browne to introduce its “Galaxy Z Flip Thom Browne Edition”. Galaxy Z Flip Thom Browne Edition builds on Samsung’s all-new Galaxy Z Flip device, complemented by Galaxy Buds+ and Galaxy Watch Active2, showcasing the fashion brand’s bold and timeless style to introduce a revolutionary foldable smartphone experience. The limited-edition smartphone is the first of its kind to be encased in glass while featuring a soft-touch, easy-to-hold matte look with a classic gray pebble leather phone case, featuring distinctive Thom Browne brand colors towards the bottom. the center; the perfect blend of art and technology.
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Market Segmentation and Scope of the Study:
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, Headset/Earphone, Smart Speaker, Charger, Memory Card, Power Bank, Battery Case, Protective Case, Bluetooth Speakers, Screen Protector, Watch smart, fitness bands, AR and VR headsets, stand and stand, data cables and selfie stick. Based on the distribution channel, the market is divided into online and offline. Based on the price range, the market is divided into low, medium and premium. The geographic breakdown and analysis of each of the previously mentioned segments includes regions including North America, Europe, Asia-Pacific and ROW.
North America shows higher dominance in the global mobile phone accessories market, accounting for the highest market shares. This is attributed to factors such as the increased adoption of wireless accessories, the presence of advanced technologies, and a greater propensity for digitization.
Asia-Pacific forecasts rapid development of the global mobile phone accessories market with the highest CAGR, owing to increased internet penetration, growing adoption of smartphones and their discounted prices. Rising per capita income and advancements in product technologies are helping to complement the market growth in this region.
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