What is Smartphone Accessories Market?
Smartphone adoption is a significant factor driving the growth of the smartphone accessories industry. Portable speakers, selfie sticks, and power banks, smartwatches are among the latest gadgets to hit the market. Consumers all over the world are opting for advanced mobile accessories due to increasing personal disposable income and increased digitization. Furthermore, the availability of mobile accessories via an online distribution platform is generating a lot of interest among customers and growing the popularity of advanced products.
The market study is being classified by Type (Protective Phone case, Screen Protector, Power Bank, Earphones/Headphones, Bluetooth Earbuds, Chargers, Smartwatches, Speakers, USB OTG Flash Drives, Selfie Sticks and Others), by Application (Android, IOS and Others) and major geographies with country level break-up.
Zagg Inc (United States), Apple Inc. (United States), Energizer Holdings Inc. (United States), Sennheiser Electronics GmbH & Co. (Germany), Plantronics Inc. (United States), Sony Corporation (Japan), Belkin International, Inc. (United States), Samsung Electronics Co. Ltd. (South Korea) and JVC Kenwood Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Motorola, Inc. (United States), Incipio, LLC (United States), Griffin Technology (United States) and Panasonic Corporation (Japan).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smartphone Accessories market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Smartphone Accessories market by Type, Application and Region.
On the basis of geography, the market of Smartphone Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Smartphone Users
- Decreasing Prices of Smartphone Accessories
- Growing Demand for Wireless Technology-based Accessories
- Stiff Competition among the Major Players
- Rising Disposable Income in Emerging Economies
- Strong Distribution Network.
- Availability of Counterfeit Products
Market Leaders and some development strategies
In July 2019, Apple has acquired smartphone business of Intel. This acquisition will help in the expansion of the patent portfolio for current and future wireless technology.
In July 2018, M-tech launched mobile accessories brand ‘Nexez’ which is beneficial in providing different categories such as power bank, USB cable, headphone, earphone, Bluetooth speaker, power bank, and charger in different locations.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Smartphone Sccessories, Suppliers and Distributors of Smartphone accessories, Venture Capitalists and Private Equity Firms and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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