Mobile Phone Accessories Market in U.S. Expected to Reach $26,988.2 Million by 2025 | Top key players profiled in the report are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose

The U.S. mobile phone accessories market was valued at $26,988.2 million in 2017 and is projected to reach $66,434.3 million by 2025, growing at a CAGR of 12.86% from 2018 to 2025.

Features of mobile accessories, such as creative approach, user engagement, and procurement of significant customers, drive their demand in the U.S. market. The variety of customized products by the vendors increases their usability across various end users, such as personal, commercial, or industrial.

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A mobile phone plays a critical role in the current societys day-to-day functions. The masses find it imperative to purchase various mobile accessories to add to the functionalities of the phone and secure it from damage. This rising demand for wireless accessories has propelled the growth of the U.S. mobile phone accessories market.

In 2017, the headphone segment was the major revenue contributor to the U.S. market, owing to upsurge in dependency on smartphones for personal and business deals, ease in the call connect/disconnect feature, comfortable medium of entertainment, and product varieties such as wired and wireless modes such as Bluetooth. In the same year, the offline segment of the U.S. market accounted for a 64.8% revenue share and was the highest revenue contributor. However, rapid digitalization in the future is expected to adversely affect the growth of the segment.

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 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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