Phone accessories

Mobile phone accessories market expected to grow at a CAGR of 6.7%

mobile phone accessories market

The mobile phone accessories market is estimated to be worth US$86.6 billion in 2021. The market is expected to grow at a CAGR of 6.7% through 2031, to reach US$166 billion.

Future Market Insights provides comparison and analysis of Mobile Phone Accessories market dynamics, which is primarily subject to an array of industry factors along with a few definite influences regarding viewpoints that support industry innovation.

Some new advancements that have taken place in the market include companies that have launched advanced technologies to turn these accessories into smart audio systems and smart computers. The launch of wireless headphones with advanced sound quality and noise canceling technology has offered a remarkable improvement over their wired predecessors.

According to IMF analysis, the variation between BPS values ​​observed in the mobile phone accessories market in H1 2022 – Outlook on projected H1 2022 reflects a growth of 70 units. However, compared to the first half of 2021, the market is expected to increase by 77 basis points in the first half of 2022.

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Smartphone sales are booming in developing countries, including China, India, Brazil and Indonesia. From 1.1 billion units in 2013 to 1.2 billion units in 2014, smartphone shipments have increased. These 1.2 billion units were transported to China in about 45% of them.

IMF anticipates secondary demand for items like power banks and protective cases that aren’t often included in the box as smartphone ownership increases.

Regional players like Xiaomi and Micromax are included in the smartphone market in emerging countries in addition to global giants. According to FMI’s analysis, in order to keep prices competitive, these local companies offer fewer mobile accessories in their products than international brands.

Why is there Ascend in using stereo Bluetooth technology with noise canceling solutions?

Mobile phone accessories have become essential for consumers and they are willing to pay for advanced features. A drop in smartphone prices has also created interesting opportunities for their sales. Some companies have launched advanced technologies to turn these accessories into smart audio systems and smart computers.

Their efforts are evident in the increasing frequency of innovations. For example, the launch of wireless headphones with advanced sound quality and noise canceling technology offered a remarkable improvement over their wired predecessors. Active noise canceling headphones that electronically suppress unwanted ambient noise are therefore in high demand.

Following this trend, TCL has recently launched a new range of wired and wireless headphones available under their brand name CL SOCL200BT, TCL ACTV100BT and TCL ELIT200NC.

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Mobile Phone Accessories Market by Category

type of product

Battery
Chargers
Wired
Wireless
Protective cases and covers
Helmets
portable speakers
Memory cards
Data cables
Mounting and Brackets
Selfie stick
Others (stylus)
Type of packaging

Folding boxes
Clear View Boxes
Pouches & Bags
shells
Bandage packs
Trays
Sales category

By Brands
By third parties
By white labels/no name brands
Price scale

Prime
Environment
Down
Region

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa (MEA)
Oceania

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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

This press release was published on openPR.