Press release
Automotive Mobile Accessories Industry Analysis: Market is Projected to Reach Nearly US$ 30 Bn between 2017-2022
Fact.MR
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The spate of continuous innovation in the automotive market has also influenced incorporation of advanced mobile accessories. Consumer demand for cross-device connectivity has meant that far more automotive mobile accessories are developed and sold than before. The greater push toward amalgamation of automotive and technology has opened up new avenues for growth in this segment. Some of the key trends influencing mobile accessories sales include personalization, customization, and increasing ownership duration. Going forward, the market will witness an increasing level of collaboration between OEMs and mobile accessory manufacturers, as consumers expect various features to be ‘in-built’ instead of shopping for them in the aftermarket.
Automotive mobile accessoriesare components that are used to enhance the functionality of a vehicle. These accessories are widely used for enhancing connectivity features inside a vehicle. Automotive mobile accessories are widely available in the aftermarket.
Scope
The scope of the report is to analyze the global automotive mobile accessories market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive mobile accessories manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Summary
The report begins with a concise summary of the global automotive mobile accessories market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive mobile accessories market.
Smartphone Boom has Made Phone Holders Must-have Mobile Accessory
Phone holders account for more than half of the automotive mobile accessories market in terms of revenue by the end of 2017. With a moderate CAGR from 2017-2022, the phone holder segment will expand to nearly US$ 16.1 billion by end 2022. With the smartphone boom only beginning in emerging markets, phone holders should only get more important in the days ahead. Unfortunately, the bane of modern smartphones is their sub-par battery life which compels customers to charge them whenever and wherever they can, including in vehicles. Thus, the USB segment of the automotive mobile accessories market is also extremely lucrative as it is closely related to the former. The USB segment is estimated to be worth US$ 5.1 billion by the end of the forecast period and manufacturers would do well to target Europe as that continent is the largest regional contributor.
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Focus on Volumes and Low-cost in automotive mobile accessories market
The low cost segment of the automotive mobile accessories market had a one-half revenue in 2017 and it is predicted to retain its strong position. The low cost segment is poised to grow to almost US$ 16 billion by the end of the forecast period with a steady CAGR. Europe has a share of nearly one-third and it should push past the US$ 5 billion mark in 2022, making it too big to ignore. The mid-sized segment is approx. half the size of the low-cost segment in the automotive mobile accessories market, but it could reach an impressive value by the end of the five-year study.
Passenger cars outpace all others automotive mobile accessories market
Passenger cars alone comprise a revenue share of nearly three-fourth of the vehicle type segment in the automotive mobile accessories market. A market opportunity of more than US$21 billion in 2022, it wouldn’t be surprising if major players decide to focus exclusively on passenger cars as opposed to LCV’s and HCV’s. Increasing demand for compact cars and SUVs is also expected to boost the dominance of passenger cars on the global market for automotive mobile accessories.
Competition Tracking
The report has also profiled key manufacturers of automotive mobile accessories, which include companies such as Belkin International, Targus International, LLC, Car Mate Mfg Co. Ltd., Mophie, Inc., Griffin Technology, Inc., iOttie, Arkon Resources, Inc., Pro.Fit International, Inc., BRACKETRON, INC., Moshi, Anker Technology Co. Limited, Wizgear, and Mountek.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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