The global Mobile Accessories Market scope was appreciated by US$ 68.4 billion in 2018 and is likely to record a CAGR of 7.1% from 2019 to 2025. The global market scope of mobile accessories is estimated to touch US$ 110.6 billion during the forecast period.
This is attributed to the ever-increasing inclination on the part of customers toward safe, advanced, and secure mobile accessories. The emerging economies like India are China are the torchbearers in this regard; thanks to smart devices’ growing penetration coupled with extensive research on the count of wireless connectivity.
Market Segmentation:
The mobile accessories market is segmented based on the type of product, type of deployment, price, and geography. By type of product, the segmentation goes like portable speakers, power banks, earphones & headphones, phone cases, and others. By type of deployment, it says online & offline. By price, it states high, medium, and low. By geography, the mobile accessories industry comprises North America, Europe, LATAM, MEA, and the Asia Pacific.
Players:
The players contributing to the mobile accessories market include StuffCool Retail Pvt. Ltd.; Syska Accessories; Belkin India Pvt. Ltd.; Portronics Digital Pvt. Ltd.; Bose Corporation, Sony, Philips, Xiaomi Technology, Intex Technologies, and Samsung.
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Trends:
The latest trend catching up herein is the demand for anti-loss keychains. They can track the smartphone through the phone’s Bluetooth low-energy antennas and GPS. Once the user comes within the range of the smartphone, the user will get alerted. These keychains could also be used for remotely taking photographs. The other device doing the rounds is “mobile phone charm”.
Storage Insights:
Certain smartphones do feature SD card slots (generally smaller Micro-SD variants). Insertion of a compatible SD card in these slots could be used for transferring files from device to device or increasing the phone’s storage capacity. The latest variety over here is the influx of Wi-Fi SD. These cards are capable of moving pictures to an online photo-sharing device or local computer. Plus, certain devices are abreast with USB On-The-Go; by making use of either an exclusive USB micro-B flash drive/adapter or standard USB port.
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