U.S. Mobile Phone Accessories Market Leading Players by 2025 are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co., Ltd., Plantronics, Inc., Energizer Holding

In the day-to-day functioning of society, a critical role is played by mobile phones. Various mobile phone accessories are purchased by the general population in order to enhance their functionalities and secure it from damage. The rise of the U.S. mobile phone accessories market is driven by an increasing demand for such equipment.

The headphone segment contributed the maximum revenue to the U.S. market in 2017, due to an increase in adoption in business and personal life. Headphones simplified call connection/disconnection, provided a comfortable medium to enjoy entertainment and provided a myriad of options in both wired and wireless modes. The offline segment of the U.S. market was the largest contributor to the market revenue in the same year, accounting for 64.8% of the revenue share. However, the growth of the segment is expected to be thwarted by rapid digitization in the future.

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Allied Market Research recently published a report, titled, “U.S. Mobile Phone Accessories Market by Product type: U.S. Opportunities Analysis and Industry Forecast, 2018-2025”. The report stated that the market accounted for $26,988.2 million in 2017 and is expected to reach $66,434.3 million by 2025, registering a CAGR of 12.86% from 2018 to 2025.

The report features a competitive scenario of the U.S. mobile phone accessories market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players profiled in the report are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co., Ltd., Plantronics, Inc., Energizer Holdings, Inc., and JVC Kenwood Corporation.

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Rise in demand for wireless accessories

The growing demand for wireless accessories, such as portable mobile speakers and Bluetooth handsets, has been one of the major factors driving the growth of the market.

Increase in adoption of smartphones

In the modern era, people have been increasingly using smartphones for disparate purposes, such as browsing the internet, switching from the traditional brick store business model to the e-commerce model, performing e-banking activities, and engaging in various digital endeavors. This has culminated in boosting the demand for smartphone and accessories.

Adverse effects on health due to prolonged use of headphones

Rapid growth in the use of mobile phones, headsets, and portable music players has spiked the sales of wireless accessories. Research studies have shown that prolonged use of headphones at high volume has adverse effects on health such as temporary as well as permanent sensory damages. This factor could play a deterrent to the market growth.

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Key Findings of the U.S. Mobile Phone Accessories Market:

• The headphone segment accounted for the highest share in 2017, with
$6,559 million and is expected to grow at a CAGR of 1.6% from 2018 to
2025.
• The offline segment generated the highest revenue in 2017, contributing
$17,482 million.
• The Bluetooth speaker segment is projected to be the most lucrative
segment during the forecast period.

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