Industry Background:
The mobile phone accessories includes screen protection, skins, fitted cases, headphones, charger and others. Among these options the headphones and the chargers are the most popular. They are the hardware which are not the part of the operations. However, it increases the functionality of mobile phones and protects it from the damage. The mobile accessories are sold along with the smartphones as well as individually. Hence the consumers can purchase according to the requirement. These factors are increasing the demand of accessories for mobile phones.
According to AMA Research, the market for Mobile Phone Accessories is expected to register a CAGR of 9.7% during the forecast period to 2030. This growth is primarily driven by Rising Number of Smartphone Users is Fueling the Market Growth
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Electronics sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Beats (United States), Incipio (United States), Panasonic (Japan), Samsung (South Korea), Sony (Japan), Belkin (United States), Sennheiser Electronics (Germany), Apple (United States), Bose Corporation (United States) and Plantronics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2019, Apple has acquired Smartphones business of Intel. This acquisition will help in expansion of patent portfolio for current and future wireless technology.
In July 2019, Xiaomi has launched wireless headphones. Along with it, the company has also planned to launch fast charger of 27 W, and Mi LED lamp. and In 2018, Apple has planned to launch high end headphones. This headphones will have noise cancellation capabilities.The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Regulatory Insights:
Federal communications commissions has set a limit for public exposure from cellular telephones of SAR level 1.6 watts per kilogram. It is a measure of radio frequency energy absorbed by the body.
Influencing Trend:
Rising Adoption of Internet of Things Devices
Market Growth Drivers:
Rising Number of Smartphone Users is Fueling the Market Growth and Decreasing Prices of Mobile Accessories Owing to the Intense Competition
Challenges:
Lack of Brand Awareness may hamper the Market
Restraints:
Availability of Counterfeit Products and Low Adoption of Mobile Phones in Rural Areas
Opportunities:
Raising Disposable Income in Emerging Economies and High Availability of Distribution Channels
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Mobile Phone Accessories Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Mobile Phone Accessories Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Mobile Phone Accessories players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mobile Phone Accessories Study Sheds Light on
The Mobile Phone Accessories Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Phone Accessories industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Phone Accessories industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.