Mobile phone accessories refer to any hardware that is not included in the operation of a mobile smartphone by the manufacturer. These accessories include protective cases, USB cables, headphones, data cables, Bluetooth headsets, power banks, screen protectors, mobile chargers, etc. The mobile phone accessories market offers immense opportunities to manufacturers due to a large number of mobile device users and substantial growth in adoption of smartphones and tablets. The global mobile phone accessories market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
The global mobile phone accessories market was valued US$ 80,947.0 Mn in 2019 and expected to reach US 139,104.2 Mn by 2027.
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Increasing disposable income and rising global population is expected to drive growth of the global mobile phone accessories market. According to Coherent Market Insights’ analysis, in 2017, global disposable income increased by 4.1% as compared to 2018. Increasing population in developing economies such as China, India and MEA countries expected to propel the global market for mobile phone accessories in the forecast period. According to the United Nations (UN), global population is expected to reach 9.6 billion by 2050, increasing from 7.2 billion in 2013.
Furthermore, change in user behavior of tech savvy consumer developing economics such as China, India is changing toward rapidly adopting new technology. According to Coherent Market Insights analysis, people are preferring to change their smartphone less than 3 years and accessories such as earphones less than 2 years. This behavior of consumer expected to drive the mobile phone accessories market in the forecast period.
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Key companies covered in the global mobile phone accessories market includes Panasonic Corporation, JVC Kenwood Corporation, Sennheiser Electronic GmbH & Co. KG, Energizer Holdings, Inc., Sony Corporation, Plantronics, Inc., Samsung Electronics Co., Ltd., BYD Co Ltd., Apple Inc., and Bose Corporation.
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