openPR Logo
Press release

Mobile Phone Accessories Market Predicts Healthy Growth of 10.4% CAGR During 2016-2026

12-07-2017 02:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Mobile Phone Accessories Market Predicts Healthy Growth

India will continue to be one of the largest consumer base for mobile phones and accessories, not just in Asia-Pacific region but across the globe. According to the Telecom Regulatory Authority of India (TRAI), more than one billion mobile phones were being used in India by the end of September 2016. Such staggering statistical figures attest that India serves as one of the most lucrative countries in the world when it comes to the global mobile phone accessories market revenue growth. Along with China, India will continue to predominantly contribute to the development of the mobile phone accessories market in the Asia-Pacific (APAC) region. According to Future Market Insights, more than US$ 32 billion revenues have been amassed from sales of mobile phone accessories across the APAC region in 2016, with India accounting for a considerable share.

Future Market Insights’ report, titled “Mobile Phone Accessories Market: India Industry Analysis & Opportunity Assessment, 2016-2026,” estimates that sales of mobile phone accessories in India reaped US$ 1,202.7 million revenues in 2015. By the end of 2026, the mobile phone accessories market in India is anticipated to reach a value of US$ 3,545.0 million, registering expansion at a stellar CAGR of 10.4%. Products such as protective cases for mobile phones & smartphones, and audio gear such as headphones and earphones will continue to be top-selling mobile phone accessories in India, collectively accounting for more than one-third of the gross market revenues throughout the forecast period. Portable speakers and batteries are also expected to gain traction in India’s mobile phone accessories market by showcasing a combined incremental opportunity of nearly US$ 450 million by 2026.

Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-in-2672

Key Trends in India’s Mobile Phone Accessories Market

Irregular electricity & power distribution infrastructure in India serves as a catalyst for consumption of power banks. In some cases, mobile phone users in India lack proximity to suitable power source, which further necessitates the use of accessories such as power banks. Buying power banks that can charge multiple devices in a go is also trending in India’s mobile phone accessories market. By 2026-end, sales of power banks in India are estimated to account for more than US$ 350 million in revenues.

The demand for modular smartphones and mobile phones is also likely to increase in the country, providing an opportune scope for mobile phone accessories that are limited to compatibility with specific device connectors. Furthermore, various products sold as mobile phone accessories in India have been able to attain compatibility with computers and laptops and vice-a-versa, furthering the scope of end-use among consumers.

Technological advancements are openhandedly welcomed by Indian consumers, triggering a money-spinning opportunity for sales of other mobile phone accessories such as keyboard attachments, camera dongles, selfie sticks, thermal imaging cameras, VR headsets, protective screens and wireless ear buds, among others. According to the report, after segmenting the revenues of the India mobile phone accessories market on the basis of “other” types of products as such, more than US$ 150 million revenues are being estimated to be amassed between 2016 and 2026.

Request for Table of Contents @ https://www.futuremarketinsights.com/toc/rep-in-2672

Multi-brand stores are trending as the most-preferred distribution channel for buying mobile phone accessories in India. North India will continue to dominate by accounting for more than 30% of the market revenues, while South Indian states and West Indian states will collectively account for half of India’s mobile phone accessories revenues by the end of 2026.

According to the report, mobile phone or smartphone users in India have been actively increasing their exposure to the Internet by availing broadband or Ethernet connections. As a result, the consumption of mobile phone accessories will remain higher since consumers will presumably opt for mobile phones, smartphones or tablets as a device for entertainment, leisure and other activities, compared to televisions, laptops, and computers. Unfortunately, counterfeit production of branded accessories remains a big threat for the mobile phone accessories market in India. Pricing is becoming a key aspect for manufacturers in a bid to safeguard market prominence of their flagship products. The report estimates that more than 40% of India’s mobile phone accessories revenues will remain to be under the mid-price range throughout the forecast period.

Companies such as Capdase International Limited and Moshi by Aevoe Group are known for manufacturing protective cases, cables and screen protectors, while memory cards and flash drives from SanDisk Corp. and Kingston Technology Corporation are widely prominent in India. Sony Corp., Skullcandy Inc., and JBL Incorporated (Harman International Industries, Incorporated) are leading manufacturers of audio accessories for mobile phones in India. Global tech giants such as Samsung Electronics Co. Ltd., Apple Inc., and Microsoft Corporation are also recognised as key players in India’s mobile phone accessories market.

Report Overview @ https://www.futuremarketinsights.com/reports/india-mobile-phone-accessories-market

ABOUT US:

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, an aerial view of the competitive framework, and future market trends.

CONTACT:

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mobile Phone Accessories Market Predicts Healthy Growth of 10.4% CAGR During 2016-2026 here

News-ID: 850406 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for India

Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will