The Global Market for Mobile Phone Accessories is Projected to Reach US$70.4 Billion by 2022

Widespread Increase in Mobile Phone Ownership to Drive Growth in the Mobile Phone Accessories Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Mobile Phone Accessories market. The global market for Mobile Phone Accessories is projected to reach US$70.4 billion by 2022, driven by an expanding mobile subscription base and proliferation of smartphones and tablets, particularly in developing economies.

A mobile phone accessory is defined as a supplementary item used in adjunct to a mobile that contributes either to the function or the performance of a phone or to its aesthetic appeal. The global market for mobile phone accessories continues to post steady growth driven by increasing sales of handheld mobile devices such as smartphones and tablets. Factors supporting growth include increasing affordability of smartphones due to decline in prices, innovation and launch of a wide range of accessories designed to enhance the functional aspects of the smartphone, and growing willingness among consumers to spend on accessories that protects the phone from physical damage. The interchangeability and compatibility of mobile phone accessories allowing users to choose from various product offerings is also driving the adoption of these accessories. The trend towards personalization of mobile devices is additionally poised to benefit market opportunities. In addition, growth in online retailing led by availability of price discounts and convenient payment options continue to drive sales of mobile phone accessories.

Effervescent innovations in the market are triggered by intense competition caused by commoditization and the need to innovate more intelligent and smart accessories for smartphones. Demand is particularly strong for power banks due to limited battery capacity to endure high usage such as social networking, web browsing, gaming, and multimedia. Growing consumer demand for wireless audio accessories is further driving the popularity of wireless mobile accessories such as Bluetooth handsets. Additionally, continued innovations in connection cables, scratch-resistant, water-resistant, impact-resistant and dust-proof screen guards and covers will play a major role in encouraging market growth.

As stated by the new market research report on Mobile Phone Accessories, Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market with a CAGR of 6.1% over the analysis period, led by factors such as thriving economies, rising income levels, continuous development of mobile communications, growth in 3G/4G penetration, strong adoption of next-generation mobile phones in countries such as China and India, rising prominence of enterprise mobility and bring your own device (BYOD) policies and the ensuing popularity of business-related tablet and smartphone accessories.  

Major players covered in the report include Apple, Inc., Bose Corporation, Energizer Holdings, Inc., Griffin Technology, iLuv Creative Technology, Incipio LLC, Koninklijke Philips N.V., LG Electronics Inc., Microsoft Corporation, Motorola Mobility, Inc., Nokia Corporation, Otterbox, Panasonic Corporation, Pelican Products Inc., Plantronics, Inc., Samsung Electronics Co., Ltd., SanDisk Corporation, Sennheiser Electronics GmbH & Co. KG, and Sony Corporation, among others.

The research report titled “Mobile Phone Accessories: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. Product segments analyzed in the Global and the US markets include Chargers, Device Protection, Headsets, Power Banks, and Others.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
Read more

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more