Top Players in Mobile Phone Accessories Market: Samsung Electronics Co., Ltd, Sony Corporation , Panasonic Corporation, Apple Inc., JVC Kenwood Corporation, Plantronics, Inc., Bose Corporation, Griffin Technology , Otter Products, LLC, Sennheiser Electron

Mobile phone accessories consist of products responsible for enhancing the appearance and productivity of a mobile phone. Some of the mobile phone accessories include, headphone, protective cases, power bank, portable speakers, and others.

Market Driver:

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.

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Furthermore, increasing disposable income that promote consumers to highly spend on media, entertainment, networking, and mobile communication is major factor contributing in increasing demand for smartphones, which in turn is expected to propel growth of the mobile phone accessories market. Use of portable devices such as smartphones, tablets, and others for listening music increases the demand for accessories such as headphones, Bluetooth and WiFi speakers, which is expected to drive growth of the mobile accessories market during the forecast period (2018-2026).

Mobile phone protective case accounted for the largest market share in 2017

On the basis, of product type the protective case accounted the largest market share in 2017 and expected to remain largest during the forecast period (2018-2026), owing to increasing demand of wireless accessories. The factor attributed to growth of the market is technological advancements in various audio devices that have transformed the fashion of listening music. This factor is expected to increase demand for wireless audio devices such as portable Bluetooth speakers. Moreover, Bluetooth speakers provide hassle free maintenance, increased durability, and good functionalities that attract consumer towards the adoption of Bluetooth for their devices. Such high adoption of wireless devices is expected to fuel growth of the market during the forecast period (2018-2026).

Asia Pacific mobile accessories market accounted for the largest market share during forecast period.

Asia Pacific exhibited the largest market share over the forecast period, owing to increasing number of smart phones users in emerging economies such as India and China. For instance, according to the Coherent Market Insights analysis, 28.5% people in India used smartphones in 2016 and the number increased to 32.3% in 2017. Similarly, China registered 52.9% smartphone users in 2016 and the number increased to 56.8% in 2017. The rise in number of smartphone users in Asia Pacific is due to increasing number of internet users in the developing economies such as India and China. For instance, according to the Internet World Stats, in China, number of internet users in 2015 was 705.9 million and it increased to 721.4 million in 2016.Similarily, in India the number of internet users was 354.1 million in 2015 and it increased to 462.1 million in 2016. Therefore, increasing number of internet users is expected to boost sales of smartphones, which in turn is expected to propel demand for mobile phone accessories in the region.
Key companies

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Major players operating in the global mobile accessories market 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 and others.

About Coherent Market Insights:
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This release was published on openPR.