Consumer electronics refers to any device containing an electronic circuit board that is intended for everyday use by individuals. The increasing disposable income of significantly large population in developing economies is a major driver for the global consumer electronics market. Consumer electronic accessories are something that are added to consumer electronics that have a useful or decorative purpose. Hence, the market trend of electronic accessories is majorly dependent upon that of consumer electronics.
There are various types of consumer electronics available in the market which can be categorized into those used for entertainment, communications and home-office activities. Over the years due to change in technology the market of consumer electronics has substantially grown. There is a huge demand for smartphone, smart TV, tablet, set-top box, laptop and game console. Additionally, wearable devices are gaining popularity due to many factors as it combines technology and health with more real-time applications.
Consumer Electronic Accessories Market: Drivers and Challenges
The most exciting developments in near future in consumer electronics is in the realms of virtual reality, entertainment, home automation, transportation and wearable devices. This will cause an upsurge in the consumer electronic accessories market too. For example there is a huge demand for earphones and headphones over the last few years in countries such as China, India, South Korea, and Japan. Latin America is also expected to experience significant growth of earphones and headphones market driven by growing number of portable devices in the region. This is due to external factors like technological advancements in Wi-Fi, Bluetooth, Infrared and internal factors like minimization of overall weight of headphone and noise cancellation features. Shifting consumer trends toward the adoption of headphones/earphones during working out is also giving a push to the growth of this market. Moreover, companies are targeting youth by providing variants such as wireless speakers, wireless headphones, and microphones.
On the other hand, the increasing availability of low cost counterfeit products poses a significant challenge to the growth of earphones and headphones market in Asian countries such as China, India, Taiwan and Indonesia.
Consumer Electronic Accessories Market: Segmentation
Segmentation on the basis of product type:
Audio & Video: Headphones, Remotes, Cables, Mounts, Antennas, Surge Protectors, Blank Media, Cases, Chargers, Adapters, Armbands and Belt Clips, Batteries, Transmitters, Docking Stations, Cleaners, Converters, Home Entertainment Furniture, Headsets
Camera & Photo: Bags & Cases, Tripods & Monopods, Cables & Cords, Batteries & Chargers, Studio Lighting, Frames, Film, Filters, Flashes, Housings, Grips, Triggers, Caps, Cleaners, Stabilizers, Handles, Mounts, Stands, Straps, Adapters, Viewers, Light Boxes, Loupes, Light Meters, Rain Covers, Remote Controls, Sand Bags, Dummy/Simulated Surveillance Cameras, Viewfinders, Eyepieces, Scopes, Motor Drives
Cell Phone: Cases & Covers, Chargers, Mounts, Headsets, Data Cables, Screen Protectors, Batteries, Replacement Parts
Car Electronics: Cases, Cables, Mounts, Mounting Kits, Installation Harnesses, Chargers, Transmitters, Alarm Accessories, Amplifier Cooling Fans, Car Cigarette Lighter Accessories
Computer: Batteries, Cases & Bags, Skins & Decals, Sleeves, Chargers, Cooling Pads, Docking Stations, Stands, Cables & Adapters, Screen Protectors, Screen Filters, Mounts, Security Cables & Locks, Styluses
Office: Ink and Toner, Landline Phone Batteries & Cords, Scanner/Shredder/Printer/Copier Cables and Connectors, Calculator Accessories, Presentation Devices, Laser Pointers, Cash Register Trays & Bags, PDA Accessories
Segmentation on the basis of OEM’s & Distributed Market:
Products such as Earphones, Headset, Chargers, Remote have multiple manufacturers which range from OEM’s to local unorganized players. For products like TV remote, mobile chargers, mobile covers there are quite a few local manufacturers present in the market.
As consumer electronic accessories are an add-on to the consumer electronics, it is safe to say that the demand of consumer electronic accessories is majorly dependent upon sales of consumer electronic products. Based on current market scenario, North America has the largest market share in consumer electronics products, followed by Europe and Asia-Pacific. The U.S. and China together dominate the global consumer electronic market with more than one-third market share. In the Asia-Pacific region, China will maintain its dominance and India is expected to have a drastic upsurge in the demand due to increasing consumer awareness and a flourishing industrial sector. Hence, the demand for consumer electronic accessories will vary accordingly.
The report covers exhaustive analysis on:
Consumer Electronic Accessories Market Segments
Consumer Electronic Accessories Market Dynamics
Historical Actual Market Size, 2013 - 2015
Consumer Electronic Accessories Market Size & Forecast 2017 to 2027
Consumer Electronic Accessories Market Current Trends/Issues/Challenges
ompetition & Companies involved
Consumer Electronic Accessories Market Drivers and Restraints
Regional analysis for Consumer Electronic Accessories Market includes development of these systems in the following regions:
Australia and New Zealand (ANZ)
Rest of Asia Pacific
Middle East and Africa
Other Middle East
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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