The global mobile phone accessories market is expected to post a CAGR of
over 4% during the period 2019-2023, according to the latest market
research report by Technavio.
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The global mobile phone accessories market will post a CAGR of over 4% during the period 2019-2023 (Graphic: Business Wire)
One of the prominent factors propelling the customers to opt for mobile
phones accessories is the level of convenience offered by the additional
components. The adoption of wireless accessories offers customers with
the convenience of portability without the wire. Increased customer
preference for accessing digital content such as gaming applications,
social networking, music, and movies on portable devices while they are
on the move has augmented the demand for wireless accessories.
Therefore, the demand for mobile phone accessories such as chargers,
headphones, earphones, speakers, and power banks, in the wireless
category, is increasing.
As per Technavio, the increasing focus on improving telecommunication
network infrastructure will have a positive impact on the market and
contribute to its growth significantly over the forecast period. This global
mobile phone accessories market 2019-2023 research report
also analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global mobile phone accessories market:
Increasing focus on improving telecommunication network infrastructure
Smartphone manufacturers, government organizations, and
telecommunication service providers are working together to improve the
telecommunication network infrastructure to support high network
bandwidth capacity. This is accelerating investments in the 4G/5G
networks and developments in 4G/5G compatible devices. The increasing
focus on expanding the telecommunication network coverage by various
government organizations across the globe is driving investments in the
telecommunication networks infrastructure. This has provided an impetus
for the adoption of various network technologies such as 4G and is
paving the way for the forthcoming adoption of high-speed 5G networks.
This, in turn, will accelerate the use of mobile phones for accessing
online audio and video content, which will result in high demand for
mobile phone accessories.
“Along with the increasing focus on improving telecommunication
network infrastructure, the proliferation of low-priced smartphones is
one other factor boosting the growth of the global market. The
availability of low-priced smartphones is increasing in countries such
as India, Vietnam, Sri Lanka, and Pakistan. This has resulted in ample
opportunity for the vendors of the global mobile phone accessories to
boost their sales,” says a senior analyst at Technavio.
Global mobile phone accessories market:
Segmentation analysis
This market research report segments the global mobile phone accessories
market by product (protective cases, screen protectors, headphones and
earphones, wired chargers, power banks, portable speakers, SD cards,
wireless chargers, batteries, and other products) and geographical
regions (APAC, North America, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America,
Europe, South America, and MEA respectively. During the forecast period,
the APAC region is expected to register the highest incremental growth
due to the growing investment in telecommunication infrastructure and
the increasing penetration of smartphones.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005077/en/