Global mobile device accessories market is predicted to grow significantly in the forecast period owing to the increasing adoption of smartphones worldwide. Mobile phone accessories are the removable hardware devices for smartphones. These devices either decorate the smartphone, attached for support or are used for holding the device and offer optimum user experience. Since smartphones play an important role in our day-to-day lives, multiple device accessories are also facing exploding demand.
Increasing spending power of consumers, changing mobile lifestyle and trend of wireless technologies are some of the major factors driving the market. Moreover, changing demand from consumers for mobile accessories is also fueling the market growth. However, adverse effect of excessive use of headphones or earphones on human hearing is hampering the progress of mobile device accessories market.
Crowdfunding is one of the major trends observed in the mobile device accessories market. Popular projects like Ubuntu Edge, JuiceTank and Nexpaq have been successful in distributing smartphone accessories. Increase in demand for stylish mobile accessories like designer protective cases, especially from Asia Pacific region is challenging the market. Nevertheless, rapid technological innovations like noise cancelling technology, NFC speakers, built-in light and fan and selfie sticks are predicted to offer wide opportunities in the coming years.
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The market is categorized on the basis of product type, distribution channel, price range and geography. On the basis of product type, market is divided into battery, portable speaker, memory card, battery case, headphone/earphone, power bank, protective case, charger, selfie stick and USB cable. Headphone segment is expected to lead mobile device accessories market owing to explosive consumer preference and attractive features.
Based on distribution channel, market is divided into offline and online. Offline segment is anticipated to grow considerably in future due to growing consumer preference. On the basis of price range, market is divided into low, medium and premium. Premium price range segment leads the market due to increasing spending power of consumers from both developed and developing economies.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is projected to dominate the market owing to the increasing adoption of smartphones. North America and Europe are also expected to witness significant growth due to adoption latest technologies in mobile accessories and development of smartphone battery cases market, respectively.
The major players profiled in mobile device accessories market are Apple Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Griffin Technology, Otter Products, Plantronics, Inc., Bose Corporation, Sony Corporation, LLC, Sennheiser Electronics GmbH & Co. KG. and JVC Kenwood Corp.
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