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Global Mobile Phone Accessories Market is Estimated to Represent US$ 121,726.4 Mn by 2025
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Growth of the global mobile phone accessories market is largely driven by growing population, increasing disposable income, rising urbanisation, deeper penetration of smartphones, and a strong global distribution network. Rising adoption of mobile phone accessories especially in developing regions such as Latin America and Asia Pacific has bolstered market growth over the last few years.
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Adoption of smartphones across countries such as China, Indonesia, and Brazil is growing at a rapid pace, linked to wider internet penetration and rising social networking in these countries. E-commerce and e-banking have accentuated the demand for smartphones globally and this in turn is supporting the growth of the mobile accessories market.
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Key players in the global mobile phone accessories market today include BYD Inc., Energizer, Sony Corporation, Samsung Electronics, Panasonic Corporation, JVC Corporation, Beats (Apple Inc.), Plantronics Pty Ltd, Sennheiser Electronics GmbH & Co. KG, Bose Corporation, Otterbox, and Griffin Technology. Given the stiff competition in the mobile phone accessories market, key players are adopting strategies such as geographical expansion, product innovations and new product launches, and mergers and acquisitions to gain a competitive edge.
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