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U.S. Mobile Phone Accessories Market by Product, Forecast & key players, 2018-2025

12-24-2018 08:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
U.S. Mobile Phone Accessories Market

U.S. Mobile Phone Accessories Market

A mobile phone is an indispensable ingredient of modern daily life. The adoption of smartphones has increased due to their ability to seamlessly connect to the digital world. In addition, the ongoing trend of using Bluetooth wireless headphones, owing to their portability, efficiency, aesthetics, and convenience has led to surge in demand for wireless accessories in the U.S.

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The U.S. mobile phone accessories market is expected to reach $66,434.3 million by 2025, owing to rapid digitization demand, escalating purchasing power, and altering lifestyle of society. In 2017, the headphone segment was the highest contributor the U.S. market, in terms of revenue, by accounting 24.3% share. Moreover, the charger segment contributed significant revenue to the overall market, by accounting 18.45% market share. Furthermore, the online mode of sales of mobile phone accessories is anticipated to witness the highest growth rate from 2018 to 2025.

The key players in the U.S. mobile phone accessories market have adopted various strategies, such as new product launch, business expansion, and strategic alliances, to build innovative and environmental friendly accessories.

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Mobile phones, especially smartphones, play a vital role in the contemporary world. Seamless connectivity has been the foremost reason driving the adoption of smartphones, which in turn drives the growth of the U.S. mobile phone market. With plethora of features added to smartphones, the demand for accessories has witnessed a surge in the recent years. Moreover, the ongoing trend of using wireless accessories, mostly by millennials owing to the trend of listening to music on portable devices such as smartphones and tablets, has supplemented the market growth.

In the current business scenario in the U.S., it is essential for market players to employ efficient systems for wireless technologies, owing to increase in purchasing power and change in lifestyles of consumers. This is a key factor driving the sales of mobile phone accessories in the U.S. Moreover, increase in the adoption of smartphones for efficient connectivity with the digital world as well as effective communication across the globe majorly is one of the key drivers of the market. However, the growth of the market is affected by factors such as loss of hearing ability of users due to prolonged use of headphones. Furthermore, rapid technological advancements, such as advent of noise cancelling technology, Bluetooth/NFC speakers, and built-in fan & light in selfie sticks are expected to offer lucrative growth opportunities for the market development in the near future.

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The key players operating in the U.S. mobile phone accessories market 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.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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