Smartphone Accessories Market to expand with over 8% CAGR through 2024

November 07, 2019


According to the latest study titled ‘Global Smartphone Accessories Market: Analysis By Type (Protective Cases, Headphones, Screen Protectors, Battery Chargers, Power Banks, Car devices), By Sales Channel (Online, Offline), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, Asia Pacific, ROW), By Country (US, Canada, UK, Germany, Turkey, Italy, China, Japan, India)’ available with Market Study Report LLC, the global smartphone accessories market is estimated to grow with a CAGR of 8.16% through the year 2024.   
 

Mobile phones play an important role in a day-to-day life and offers connectivity to the digital world. Rapid urbanization, rising inclination towards digitalization, and increasing R&D spending for advancement in wireless technology are major factors propelling the growth of smartphone accessories market.
 

The study examines the market for revenue shares and growth opportunities pertaining to individual segments. Moreover, details about market dynamics such as drivers, trends, and challenges are exhaustively outlined.
 

Based on product type, smartphone accessories market is segmented into phone cases, headphones/ earphones, battery chargers, screen protectors, power banks, and others. The headphone/ earphones segment is presumed to witness significant growth over the forecast period in tandem with wider availability of options and increasing usage of accessories across various sectors such as healthcare, fitness, and personal assistance among others. While based on distribution channel, the industry is divided into online and offline.
 

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Considering the geographical landscape, smartphone accessories market is fragmented into four major regions, namely, Europe, North America, APAC and rest of the world, with key focus on countries like Canada, US, UK, Turkey, Germany, France, China, India, and Japan. As per the report, Asia Pacific region dominated the global smartphone accessories market in 2019, owing to the surge in tech-savvy population, increasing expenditure towards consumer electronics, and rising digitalization.
 

Some of the vendors that operate in smartphone accessories market are Sony Corporation, Samsung Electronics, Sennheiser, JVC Kenwood, Apple, Cellularline, Xiaomi Corporation, Bose Corporation, and Plantronics.


Frequently Asked Questions (FAQ) :

Rapid urbanization, rising inclination towards digitalization, and increasing R&D spending for advancement in wireless technology are major factors propelling the growth of smartphone accessories market.
The global smartphone accessories market is estimated to grow with a CAGR of 8.16% through the year 2024.
The headphone/ earphones segment is presumed to witness significant growth over the forecast period in tandem with wider availability of options and increasing usage of accessories across various sectors such as healthcare, fitness, and personal assistance among others.
Competitors that operate in smartphone accessories market are Sony Corporation, Samsung Electronics, Sennheiser, JVC Kenwood, Apple, Cellularline, Xiaomi Corporation, Bose Corporation, and Plantronics.