Press release
Mobile Phone Accessories Market Covers Leading Manufacturer Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, Apple, Inc.
Mobile Phone Accessories Market
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Market Dynamics
The increasing adoption of smartphones worldwide is one of the key factors driving growth of the market. For instance, according to the Coherent Market Insights analysis, the sale of smartphone in 2014 was 367,334.7(thousand units) and reached to 403,109.4 (thousand units) in 2015 worldwide.
Key players such as Apple, Inc., Samsung, Panasonic Corporation, and others are focused on investments and R&D to increase the functionality and features of smartphones. This in turn is expected to help companies to differentiate their products from competitors and maintain strong presence in the market. For instance, according to the Coherent Market Insights’ analysis, Samsung Electronics Co invested US$ 12.6 billion on mobile research and development (R&D) activities in 2015 for developing new technology and products, which further increases the demand for mobile phone accessories during the forecasted period.(2018-2026).
According to GSM Association Intelligence Report’s published in October 2016, 44% smartphone users worldwide are subscribed to internet connectivity and this is projected to surpass 60% by 2020. Proliferation of smartphones and high internet usage in conjunction with significant paradigm shift of consumers from physical payments to digital transaction is among the key trends to increase demand for smartphones. Accelitec WalletBuilder, Adyen, Airtel Money, Paytm, Allied Wallet, Alipay, and Amazon Pay are some of the prominent payment modes that have gained significant traction in the recent past. Increasing ease of transactions through these payment mediums has led to significant rise in use of smartphones and this in turn is expected to be another factor for propelling demand for mobile phone accessories during forecast period.
Browse More About the Market Study @ https://www.coherentmarketinsights.com/market-insight/mobile-phone-accessories-market-2070
Key companies
Companies covered as part of this study include, Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, Apple, Inc., JVC Kenwood Corporation, Plantronics, Inc., Bose Corporation, Griffin Technology, Otter Products, LLC, Sennheiser Electronics GmbH & Co. KG (Germany), and others
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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