Press release
Mobile Phone Accessories Market Size, Global Industry Share, Growth, Demand and Business Opportunity 2023-2028
Mobile Phone Accessories Market
IMARC Group's latest research report, titled "Mobile Phone Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the mobile phone accessories market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global mobile phone accessories market size reached US$ 85.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
What is Mobile Phone Accessories ? :
Mobile phone accessories represent a set of various additional hardware or software applications that are not deployed as an integral component for operating smartphones as designed by manufacturers. They comprise camera lens attachments, portable speakers, power banks, gaming controllers, universal serial bus (USB) cables, virtual reality (VR) headsets, and Bluetooth devices.
Mobile phone accessories assist in improving the productivity of phones, enhancing appearance, protecting devices from different types of damage, promoting longevity of the gadget, augmenting sound quality, and offering optimal comfort to the users. On account of these properties, mobile phone accessories are extensively used by users for incorporating additional features and entertainment and communication purposes. At present, these products are commercially available in varying price ranges and across several distribution channels.
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Who are the key Players Operating in the Industry ? :
• Apple Inc
• Bose Corporation
• Energizer Holdings Inc
• JVCKENWOOD Corporation
• Kingston Technology Corporation
• Panasonic Corporation
• Plantronics Inc
• Samsung Electronics Co. Ltd
• Sennheiser electronic GmbH & Co. KG
• Sony Corporation
• Western Digital Corporation
• Xiaomi Inc
Mobile Phone Accessories Industry Growth and Demand:
TThe widespread adoption of smartphones as a cost-effective entertainment and communication medium is primarily influencing the demand for various mobile phone accessories. Additionally, significant technological advancements, such as the introduction of various state-of-the-art premium battery chargers, virtual reality (VR) headsets, and wireless earphones or headphones with better sound quality and noise cancellation solutions is contributing to the market growth. Besides this, the escalating production of various artificial intelligence (AI) integrated wearable devices, such as smartwatches for monitoring notifications and attending calls efficiently and fitness bands to examine heart rate, body temperature, and blood pressure is stimulating the market growth.
In line with this, the rising demand for security and safety features in smartphones have prompted key players to launch innovative screen protectors and phone cases to enhance privacy, protect against ultraviolet (UV) damage, and repel dust and dirt, which, in turn, is impelling the market growth. Moreover, key players are focusing on maximizing packaging efficiency without compromising on the utility by offering customized packaging solutions to improve the brand value, which is acting as another growth-inducing factor. Apart from this, the easy accessibility of high-speed internet connectivity with the support of fourth and fifth generation (4G/5G) long-term evolution (LTE) networks and the easy availability of smartphone accessories across both online and offline retail channels are creating a positive outlook for the market.
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Key Market Segmentation:
Breakup by Product Type:
• Headphone/Earphone
• Portable Speaker
• Charger
• Memory Card
• Power Bank
• Protective Case
• Screen Guards
• Popsockets
• Others
Breakup by Price Range:
• Premium
• Mid
• Low
Breakup by Distribution Channel:
• Online
• Offline
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Related Report By IMARC Group:
• https://www.imarcgroup.com/quantum-sensors-market
• https://www.imarcgroup.com/small-cell-power-amplifier-market
• https://www.imarcgroup.com/high-voltage-cable-market
• https://www.imarcgroup.com/intelligent-lighting-controls-market
• https://www.imarcgroup.com/membrane-switch-market
Contact us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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