NEW YORK, October 13, 2022 /PRNewswire/ — The global mobile phone accessories market the size should increase by $32.73 billion over the period 2021-2026, at a CAGR of nearly 6%. Integration of advanced features in smartphones, growing preference for wireless mobile phone accessories, and proliferation of low-cost smartphones are some of the major factors propelling the growth of the market. However, factors such as growth of counterfeit mobile accessories market and short lifespan of smartphones may hinder the growth of the market.
Key Driver of Mobile Phone Accessories Market
The integration of advanced features in smartphones is one of the major drivers for the growth of the mobile phone accessories market. Competition in the global smartphone market has intensified as smartphone manufacturers focus on incorporating innovative features and technologies into their products to stay competitive in the market. These latest innovations will allow users to use their devices for multiple applications, such as taking high-definition videos and selfies, quickly accessing mobile apps, and playing high-definition games. All these activities will generate the demand for accessories such as power banks, headphones, earphones, protective cases, screen protectors and others to use smartphones effectively, triggering the growth of the targeted market at during the forecast period. Request a sample report
Key trends in the mobile phone accessories market
One of the major market trends in the mobile phone accessories market is the growing emphasis on improving the infrastructure of telecommunication networks. Smartphone manufacturers, government organizations, and telecom service providers are working together to improve the telecom network infrastructure to support high bandwidth capacity. This accelerates investments in 4G/5G networks and developments in 4G/5G-enabled devices. For example, in September 2018Celcom Axiata Berhad, a Malaysiamobile telecommunications service provider, announced that it has signed an agreement with Telefonaktiebolaget LM Ericsson. Under the agreement, Telefonaktiebolaget LM Ericsson will supply Celcom Axiata Berhad with radio access network (RAN) equipment from its portfolio of Ericsson radio systems. This will accelerate the use of cell phones to access online audio and video content, which in turn will drive a high demand for cell phone accessories.
Mobile Phone Accessories Market Key Challenge
One of the major market challenges hampering the growth of the mobile phone accessories market is the growing market for counterfeit mobile accessories. The market for counterfeit mobile accessories is witnessing strong growth in emerging economies such as Indonesia, Malaysia, Indiaand Taiwan in APAC. This demand is driven by the increased preference for low-cost products in the region and the wide availability of counterfeit products. The easy availability of these products through all distribution channels, including physical and online retail stores, in every country makes it difficult to control sales of counterfeit items. The increase in sales of these products reduces the total potential market for mobile accessories, creating a challenge for the growth of the global mobile phone accessories market.
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Segmentation of the global mobile phone accessories market
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type of product
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Geographic landscape
The growth of the mobile phone accessories market share in the protective cases segment will be significant during the forecast period. There are several types of protective cases, such as thin and transparent cases, which are mainly for aesthetics, as well as ultra-rugged cases available in the market, which can survive even intense impact facilitating growth. of the segment during the forecast period. .
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Mobile Phone Accessories Market 2022-2026: Key Highlights
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Market CAGR over the forecast period 2022-2026
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Detailed information on the factors that will contribute to the growth of the mobile phone accessories market over the next five years
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Estimation of the Mobile Phone Accessories market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the mobile phone accessories market
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Market Competitive Landscape Analysis and Detailed Vendor Information
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Comprehensive details of factors that will challenge the growth of Mobile Phone Accessories Market, Vendors
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Mobile Phone Accessories Market Scope |
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Report cover |
Details |
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Page number |
120 |
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base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 6% |
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Market Growth 2022-2026 |
$32.73 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
4.98 |
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Regional analysis |
APAC, North America, Europe, South America, Middle East and Africa |
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Successful market contribution |
Asia-Pacific at 63% |
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Main consumer countries |
United States, Canada, China, India and Brazil |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Anker Technology UK Ltd, Apple Inc., AUKEY, Bose Corp., GN Store Nord AS, Hon Hai Precision Industry Co. Ltd., HP Inc., Intex Technologies India Ltd., JVCKENWOOD Corp., Koninklijke Philips NV, LG Electronics Inc . ., Logitech International SA, Otter Products LLC, Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Skullcandy Inc., Sony Group Corp, Vinci Brands LLC and Xiaomi Inc. |
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Market dynamics |
Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Contents:
1. Summary
2 Market landscape
3 Market sizing
4 Five forces analysis
5 Market Segmentation by Product Type
6 Customer Landscape
7 Geographic landscape
8 drivers, challenges and trends
9 Supplier Landscape
10 Vendor Analysis
11 Appendix
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