DUBLIN–(BUSINESS WIRE)–The “Mobile Phone Accessories Market by Product, By Distribution Channel, By Price Range – Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer.
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.
Global digitalization leads to increased reliance on smart gadgets, especially mobile phones. The enhanced connectivity spectrum tends towards higher adoption of mobile phones at the individual level, thus driving consequent growth of the mobile phone accessories market. Mobile phone accessories are the hardware components, insignificant in the operation of mobile phones, but are necessary to provide additional support, product improvement and greater convenience factor. This includes innovative accessories such as power banks, power banks, wireless headphones, wireless chargers, memory card, protective case, screen protectors and many more.
The market for mobile phone accessories is booming due to the increased adoption of mobile phones globally. According to a survey, the total number of smartphone shipments in the third quarter of 2019 reached 352.4 million units. Growing penetration of IoT and AI technologies, along with innovative technological advancements in voice recognition system, wireless audio products, clip-on headphones, as well as precise integration of voice recognition software; are driving the growth of the global market.
Additionally, rapid urbanization, rising per capita income globally, greater propensity for social networking sites, and growing demand for fashionable mobile accessories, especially from the younger generation, are expected to propel the growth of the mobile phone accessories market in the coming future.
However, increased usage of earphones resulting in hearing impairment issues and fierce competition among major manufacturers resulting in increased tariffs imposed on international trade are the factors expected to hamper the growth of the mobile phone accessories market during the forecast period.
Additionally, cutting-edge product launches by market players, growing demand for wireless accessories and fast-processing software, as well as technological advancements in imaging and photography accessories, are creating new lucrative opportunities. in the global mobile phone accessories market.
Byd Company Ltd.
Energizer Holdings, Inc.
Samsung Electronics Co.Ltd.
Sennheiser Electronic GmbH & Co. Kg
Main topics covered:
2. Market Overview, 2019-2030 USD Million
3. Analysis of Porter’s Five Forces Model
4. Market Share Analysis, 2020 (%)
5. Market dynamics
5.1. Growth engines
5.1.1 Growing Demand for Wireless Accessories
5.1.2 Increase in smartphone adoption
5.1.3 Strong distribution network
5.2.1 Impact of supply disruption due to the coronavirus outbreak
5.2.2 Adverse effect of hearing ability
5.3.1 Rapid advances in technology
5.3.2 Growing need for convenience
6. Global Mobile Phone Accessories Market, By Product Type
7. Global Mobile Phone Accessories Market, By Distribution Channel
8. Global Mobile Phone Accessories Market, By Price Range
9. Global Mobile Phone Accessories Market, By Region
10. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/95ssu3