Mobile accessories market size grows by $32.73 billion, driven by the integration of advanced functions into smartphones

New YorkAnd the October 13, 2022 /PRNewswire/ – file Global mobile phone accessories market The volume is expected to grow by 32.73 billion US dollars During the period 2021-2026, at a compound annual growth rate of approximately 6%. The integration of advanced functions in smartphones, the growing preference for wireless mobile accessories, and the proliferation of low-priced smartphones are the main factors driving the growth of the market. However, factors such as the growing market of counterfeit mobile phone accessories and the short life span of smartphones may hinder the growth of the market.

Technavio announced its latest market research report titled Global Mobile Phone Accessories Market 2022-2026

Technavio announced its latest market research report titled Global Mobile Phone Accessories Market 2022-2026

Key to the mobile phone accessories market

One of the major factors driving the market growth in the mobile accessories market is the integration of advanced functions into the smartphones. The 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 recent innovations will allow users to use their devices in many applications, such as taking HD videos and selfies, accessing mobile applications quickly, and playing HD games. All these activities will increase the demand for accessories like power banks, earphones, headphones, protective cases, screen protectors etc. to use smartphones in efficient ways, resulting in concentrated market growth during the forecast period. Request a report form

The main mobile phone accessories market trend

One of the prominent market trends in the mobile phone accessories market is the increasing focus on improving communication network infrastructure. Smartphone manufacturers, government organizations and telecom service providers are working collaboratively to improve telecom network infrastructure to support high network bandwidth capacity. This is accelerating investments in 4G/5G networks and developments in 4G/5G compatible devices. For example, in September 2018Cellcom Axiata Berhad, A MalaysiaThe mobile operator, headquartered, has announced that it has signed an agreement with Telefonaktiebolaget LM Ericsson. Under this agreement, Telefonaktiebolaget LM Ericsson will supply Celcom Axiata Berhad with Wireless Access Network (RAN) equipment from Ericsson’s Radio Systems family. This will speed up the use of mobile phones to access audio and video content over the Internet which in turn will lead to a high demand for mobile accessories.

The key to challenging the mobile phone accessories market

One of the prominent market challenges hindering the growth of the mobile phone accessories market is the growing market of counterfeit mobile phone accessories. The counterfeit mobile phone accessories market is registering high growth in emerging economies such as IndonesiaAnd the MalaysiaAnd the IndiaAnd the Taiwan in your father. This demand is driven by the growing preference for low-cost products in the region and the high availability of counterfeit products. The ease with which these products are available on every distribution channel, including physical and online retail stores, in every country, makes it difficult to control sales of counterfeit items. The increasing sales of these products are reducing the total potential market for mobile phone accessories creating a challenge for the growth of the global mobile phone accessories market.

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Global Mobile Phone Accessories Market Segmentation

  • Product Type

  • geographic landscape

The growth of the mobile 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 covers, which are mostly used for cosmetic, as well as very hard cases available in the market, which can withstand even severe impact facilitating the growth of the sector during the forecast period.

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Mobile Phone Accessories Market 2022-2026: Key Points

  • The compound annual growth rate of the market during the forecast period 2022-2026

  • Detailed information on the factors that will help in the growth of the mobile phone accessories market over the next five years

  • Estimation of the mobile phone accessories market size and its contribution to the parent market

  • Forecasting upcoming trends and changes in consumer behavior

  • Mobile phone accessories market growth

  • Analysis of the competitive landscape of the market and detailed information of the vendors

  • Comprehensive details of the factors that will challenge the growth of the mobile phone accessories market, vendors

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Mobile phone accessories market scope

Report coverage

details

page number

120

base year

2021

prediction period

2022-2026

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 6%

Market growth 2022-2026

32.73 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

4.98

Regional Analysis

Asia Pacific, North America, Europe, South America, Middle East and Africa

Market share performance

Asia Pacific 63%

Main consuming countries

The United States, Canada, China, India and Brazil

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

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. and Logitech International SA, Otter Products LLC, and Panasonic Holdings Corp. and Samsung Electronics Co. Ltd. and Sennheiser Electronic GmbH and Co. KG and Skullcandy Inc. and Sony Group Corp., Vinci Brands LLC, and Xiaomi Inc

market dynamics

Key market analysis, market growth drivers and obstacles, analysis of fast-growing and slow-growing segments, COVID-19 impact and future consumer dynamics, market status analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

table of contents:

1. Executive Summary

2 market view

3 market sizing

4 Five forces analysis

5 Market Segmentation by Product Type

6 customer perspective

7 Geographical scene

8 Drivers, Challenges and Trends

9 landscape seller

10 Vendor Analysis

Appendix 11

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions in changing market scenarios. .

Contact

Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
Email: media@technavio.com
website: www.technavio.com/

Global Mobile Phone Accessories Market 2022-2026

Global Mobile Phone Accessories Market 2022-2026

Cision

Cision

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