Mobile Phone Accessories - Taking the Smartphone Experience to All New Level
Advancements in technology and consumer demand for innovative products have played a key role in shaping the mobile phone and mobile phone accessories market. With preference for sleek, lightweight, and delicate mobile phones ascending on a pace, sales of innovative accessories including external battery packs, wireless headphones, and wireless chargers have been skyrocketing. The mobile accessories industry is on the brink of entering the future that exclusively demands technological innovation and product enhancement. Moreover, unique mobile phone accessories are likely to become more interesting than smartphones, as the US$ 78 Bn market is set to record 6.3% CAGR over the next decade.
Frequently Asked Questions About Mobile Phone Accessories Market
What are future prospects of the mobile phone accessories market?
There will be steady growth in the demand for mobile phone accessories over the next decade, with market value increasing from US$ 78 Bn in 2019 at a CAGR of over 6% to reach US$ 144 Bn in 2029.
How wireless technology and speech recognition software will create new value-adding business opportunities for market players?
Today, mobile phone accessories are designed not only to make phones smarter but also to turn them into smart devices. As ‘convenience’ factor continues to play a significant role, market players are turning to new technologies to set their products apart from the competition.
Which mobile phone accessories will have the largest sales growth in the next five years?
Low average unit cost of protective cases & covers suggests higher volume sales overvalue gains. Whereas, portable speakers and wireless chargers will continue to account for major value share.
What revenues can market stakeholders derive from online sales over the next decade?
In 2018, mobile phone accessories worth over US$ 13.7 Bn were sold through e-commerce platforms, and the number is set to maintain an average 7% annual increase during the forecast period (2019-2029).
Which region is expected to lead global sales of mobile phone accessories?
Asia Pacific excluding Japan (APEJ) remains at the forefront of the global mobile phone accessories market, with sales projected to grow at a CAGR of 8% during the predefined timeframe.
Which companies are investing significantly in the development of innovative products?
Investors continue to remain bullish in industry behemoths such as Apple Inc., Sony Corporation, and Samsung Electronics Co. and Ltd., bringing smart battery cases and wireless noise-cancelling headphone into the marketplace. It is pertinent to note that a large number of new players are also vying for a pie of this lucrative market.
Protective Cases & Covers Remain the Bestselling Category
Demand for protective mobile phone cases and covers continues to move on an upward trajectory, and are estimated to account for 1/4th of the total sales in 2019. Looking beyond the specifications of their smartphones, consumers are keeping a close eye on pairing them with unique mobile phone accessories that could potentially elevate the overall experience. The result is expected to lead to increasing demand for protective cases and covers.
In their efforts to gain a substantial market share, cell phone accessories manufacturers are relying on introducing innovative products, with prime focus on the convenience factor. Owing to commendable progress in voice recognition technology and seamless integration of speech recognition software in smartphones, the demand for clip-on headphones, and wireless audio products is expected to witness noteworthy growth.
Manufacturers Eye Lucrative Opportunities in APEJ
The mobile phone accessories market is expected to thrive in Asia Pacific excluding Japan (APEJ), owing to high internet penetration, growing adoption of smartphones, and falling prices of smartphones. Fast-developing economies such as India and China are expected to lead the mobile accessories landscape in the region. Strong presence of multi-brand stores and swelling number of online retailers are further projected to propel the demand for mobile phone accessories in these countries. Indian market is expected to particularly remain influenced by government initiatives to reduce the potential dependency on foreign imports from Taiwan and China. This has provided local manufacturers with the much-needed push to establish a strong base in the current marketplace.
* This data is only a representation. Actual data may vary and will be available in report.
Next-gen Wireless Charging - Moving Away from Power Cables
In the current technological era, as consumers seek convenient and fast-paced mobile charging solutions, manufacturers are concentrating their efforts towards improving the functionalities and the overall performance of the current wireless charging alternatives. The previous iterations of wireless charging were compatible with a very limited range of devices – a major roadblock that played a key role in denting the adoption of wireless chargers in the past. However, emerging technologies in conjunction with research activities have significantly boosted the prospects of cable-free charging. Moreover, as consumers gradually move away from power cables, a number of wireless mobile phone accessories are expected to garner significant momentum in near future.
Protective cases and covers to see high demand
Sales of headsets to gather pace
Folding cartons highly preferred
Adoption of clear view boxes to increase
Retail outlets to account for significant sales
Sales through electronic stores on rise
How Growth will Unfold
Demand for smartphone accessories continues to gain a boost from large-scale adoption of mobile phones in developing economies, such as India, China, and Indonesia along with integration of next-gen technologies. In addition to solidifying their presence in the market with diverse portfolio, manufacturers are focusing on effective mobile phone accessories packaging and omni-channel retail strategy. In the U.S. and EU5, franchise outlets continue to contribute major share to manufacturers’ bottom lines. Whereas, sales through retail or multi-brand outlets in developing countries in Asia Pacific and Middle East & Africa are witnessing a quantum leap. The impact of proliferating e-commerce industry is also noticeable in the mobile phone accessories market, compelling manufacturers to leverage new channels to attract a large number of consumers worldwide.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Mobile Phone Accessories Market Analysis 2019 - 2029
Future Market Insights, in its recent study, outlines the growth trails of the mobile phone accessories market for the forecast period (2019-2029). The groundbreaking study offers in-depth insights and unbiased analysis that can arm mobile accessories manufacturers with the necessary information to make critical decisions with confidence. As wireless and disruptive technologies gain prominence in the smartphone landscape, analysts at FMI conducted thorough research on evolving trends and their impact on market growth. The study offers historical analysis of the mobile phone accessories market along with forecast statistics in terms of value and volume.
Mobile Phone Accessories Market Taxonomy
The global mobile phone accessories market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Power Banks
- Protective Cases & Covers
- Portable Speakers
- Memory Cards
- Data Cables
- Mount & Stands
- Selfie Sticks
- Others (Stylus Pen
- Folding Cartons
- Clear View Boxes
- Pouches & Bags
- Blister Packs
- 3rd Parties
- White Labels/No Name Brands
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle-East and Africa
The report commences with the executive summary of the mobile phone accessories market, which includes a summary of key findings and statistics of the market. It also includes prominent segments in the global mobile phone accessories market, along with key facts about mobile phone accessories. It also includes graphical representation of segments according to market size and growth rate.
Readers can find detailed segmentation and definition of the mobile phone accessories market in this chapter, which will help them understand the basic information about mobile phone accessories present in the market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the mobile phone accessories market report.
This section explains the global market value and volume analysis and forecast for the mobile phone accessories market during 2019-2029. It includes detailed analysis of the historical mobile phone accessories market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average pricing analysis of various mobile phone accessories in different regions across the globe. The weighted average pricing at the manufacturer-level is also analyzed in this section.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the mobile phone accessories market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the mobile phone accessories market. This chapter also offers the key market dynamics of the mobile phone accessories market, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the mobile phone accessories market. This section also covers supply chain analysis, forecast factors, key regulations, brand analysis, Porter’s analysis as well as PESTLE analysis for the global mobile phone accessories market.
Based on product, the mobile phone accessories market is segmented into power bank, batteries, chargers, protective cases & covers, headsets, portable speakers, memory cards, data cables, mount & stands, selfie stick, and other accessories. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on packaging, the mobile phone accessories market is segmented into folding cartons, clear view boxes, pouches & bags, clamshells, blister packs, and trays. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on price range, the mobile phone accessories market is segmented into premium, mid-range, and low-range. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on sales category, the mobile phone accessories market is segmented into brands, 3rd parties, and white labels/no name. In this chapter, readers can find information about key attractive segments during the forecast period.
This chapter provides details about the mobile phone accessories market on the basis of sales channel, and has been classified into retail outlets (multi-brand outlets), electronic stores, franchise outlets, exclusive stores, and e-Commerce. In this chapter, readers can find information about key attractive segments during the forecast period.
This chapter explains how the mobile phone accessories market is expected to grow across various geographical regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American mobile phone accessories market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of mobile phone accessories.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America mobile phone accessories market. This chapter also includes growth prospects of the mobile phone accessories market in leading LATAM countries such as Brazil, Mexico, Argentina, and the rest of Latin America.
Important growth prospects of the mobile phone accessories market based on product, packaging type, price range, sales category, and sales channel in several countries, such as Germany, the UK, France, Spain, Italy, BENELUX, Nordics, and the rest of Western Europe are included in this chapter.
This chapter highlights the growth of the mobile phone accessories market in Eastern Europe by focusing on Russia, Poland, and the rest of Eastern Europe. The section also highlights data points regarding the growth of the mobile phone accessories market in the Eastern Europe region.
China, India, ASEAN, and Australia & New Zealand are leading countries in the Asia Pacific Excluding Japan region that are prime subjects of assessment to obtain growth prospects of the Asia Pacific Excluding Japan mobile phone accessories market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific Excluding Japan market during the forecast period 2019-2029.
This chapter provides information about how the mobile phone accessories market will grow in major countries in the MEA region such as GCC Countries, South Africa, and the rest of MEA, during the forecast period of 2019 - 2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the mobile phone accessories market, along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the mobile phone accessories market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Samsung Electronics Co. Ltd., Logitech International S.A., Harman International Industries, Incorporated, Plantronics, Inc., Sony Corporation, Apple Inc., Cambridge SoundWorks, Inc., GN Group, Western Digital Corporation, Incipio Group, Bscstore Inc., Kingston Technology Company, Inc., The Case Factory, TYLT, Ballistic, Moftware, Inc., Seidio Inc., Skullcandy Inc., SincoCase International Industrial, Case Mate, Inc., and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the mobile phone accessories report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the mobile phone accessories market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Mobile Phone Accessories Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Comparative Analysis of Several Mobile Phone Accessories Present in the Market
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
- Industry Journals
- Consumer Electronics Industry Journals
- Import-Export Database
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits
Mobile Phone Accessories Market Reports - Table of Contents
29. Research Methodology