Mobile Phone Accessories Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2031

The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market. According to a study by Future Market Insights (FMI), the market will surpass US$ 86.80 Bn by 2021.

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With the incorporation of IoT in households, a swift rise in the demand for mobile phone accessories has been witnessed, and this trend will continue in the near future. The emergence of 5G technology will also boost the demand for mobile phone accessories that work on augmented reality and virtual reality technology.

Key Takeaways from the Mobile Phone Accessories Market Study
• FMI in its latest study has forecast the market to rise at a CAGR of ~6.7% between 2021 and 2031
• The U.S. is expected to register impressive growth, accounting for above 78% of overall sales in North America
• The U.K. is expected to register nearly 4% Y-o-Y growth in 2021
• The demand from Germany and France is expected to rise considerably in response to the expansion of 5G networks
• While China will remain leading market in East Asia, the demand from South Korea and Japan too is expected to rise at a swift pace

“Market players are focusing on the expansion across eCommerce platforms such as Amazon, Walmart, and others to expand their footprint. Besides this, their investment towards innovation is increasing as well to launch products with advanced features,” says an FMI analyst.
Increasing Focus on the Miniaturization of
Electronic Devices.

Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.
Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.

Impact of COIVD-19 & 2020 Market Analysis
The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.

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Competitive Analysis:
Some of the key players operating in the mobile phone accessories market are Samsung Electronics Co. Ltd., Logitech International S.A., Harman International Industries Incorporated, Plantronics Inc., Apple Inc., Sony Corporation, GN Group, Incipio Group, Western Digital Corporation, Kingston Technology Company Inc., Cambridge Soundworks Inc., Bscstore Inc., The Case Factory, TYLT, Ballistic, Moftware Inc., Seidio Inc., Skullcandy Inc., SincoCase International Industrial, Case Mate Inc., and among others. In order to gain competitive advantage, the market players are focusing on product launches. For instance:

By Segment:
Product Type
• Power Banks
• Batteries
• Chargers
o Wired
o Wireless
• Protective Cases & Covers
• Headsets
• Portable Speakers
• Memory Cards
• Data Cables
• Mount & Stands
• Selfie Stick
• Others (Stylus Pen)
Packaging Type
• Folding Cartons
• Clear View Boxes
• Pouches & Bags
• Clamshells
• Blister Packs
• Trays
Sales Category
• By Brands
• By 3rd Parties
• By White Labels/No Name Brands
Price Range
• Premium
• Mid
• Low
Sales Channel
• Retail Outlets (Multi-Brand Outlets)
• Electronic Stores
• Franchise Outlets
• Exclusive Stores (Branded Stores)
• E-Commerce
Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa (MEA)
• Oceania

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About Consumer Products division of FMI
Expert analysis, in-depth insights, and strategic recommendations - the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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