Mobile Phone Accessories Market Witnessing Over 6% CAGR
Mobile Phone Accessories Market Size and Growth Rate:
According to Research Cosmos recent market research report on Global Mobile Phone Accessories Market, the size of the market is expected to grow at a CAGR of approximately 6% over the forecast period to reach USD 104 billion by 2022.
Browse TOC and other details of 104 pages Global Mobile Phone Accessories Market Research Report @ https://www.researchcosmos.com/reports/global-mobile-phone-accessories-market-research-report-2018/98032755
Growth Drivers of Mobile Phone Accessories Market:
There are multiple factors supporting the growth of this market. Some of the prominent among them are the increasing penetration of smartphones in the developing and populous nations like India and China, introduction of 4G and 5G technologies, different products according to the taste of different demographics, increase in the disposable income of the people, and rise in the mobile gaming. The demand for mobile banking and the availability of various applications increases the need for smartphones, supporting the mobile accessories market. Growing need for products like power banks, cases and covers, and headphones during travelling is also complementing the market demand. On the contrary, issues related to overheating, health concerns associated with radiation, and other government policies can hamper the burgeoning market boom.
Geographical Insights of Mobile Phone Accessories Market:
The Asia Pacific dominates the global market, attributing to the high penetration of smartphones in the countries like India and China. The increasing use of internet, demand for portable appliances and the rise in per capita income are other factors supporting the market growth in the Asia Pacific. North America and Europe follow Asia Pacific in terms of revenue and expected to be lucrative regions in the forecast period. The aspects that can support the market growth in those regions is the advances in the technology, adoption of IoT devices, and use of mobile phones for several activities.
Ask for the Sample Brochure of the report @ https://www.researchcosmos.com/request/mobile-phone-accessories-market-analysis-by-product-distr/98032755
Prominent companies in global mobile phone accessories market are:
• Sony Corporation
• Samsung Electronics Co. Ltd.
• Panasonic Corporation
• Energizer Holdings, Inc.
• Apple Inc.
• 15+ More
Inquire more about the report @ https://www.researchcosmos.com/inquire/mobile-phone-accessories-market-analysis-by-product-distr/98032755
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