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Market Overview

Mobile phone accessories refer to any hardware that is not included in the operation of a mobile smartphone by the manufacturer. These accessories include protective cases, USB cables, headphones, data cables, Bluetooth headsets, power banks, screen protectors, mobile chargers, etc. The mobile phone accessories market offers immense opportunities to manufacturers due to a large number of mobile device users and substantial growth in adoption of smartphones and tablets. The global mobile phone accessories market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

The global mobile phone accessories market was valued US$ 80,947.0 Mn in 2019 and expected to reach US 139,104.2 Mn by 2027.

Market Dynamics- Drivers

  1. Increasing disposable income and rising global population is expected to drive growth of the global mobile phone accessories market

Preference of common populace towards mobile accessories, especially in emerging economies has increased due to rising disposable income in the recent past. According to Coherent Market Insights’ analysis, in 2015, global disposable income increased by 3.1% as compared to 2014. Furthermore, growing population, especially in emerging regions such as MEA and Asia Pacific is expected to boost the demand for mobile phone accessories. According to the United Nations (UN), global population is expected to reach 9.6 billion by 2050, increasing from 7.2 billion in 2013. Furthermore, GDP of emerging economies is expanding significantly, which in turn, is expected to drive growth of the market during the forecast period.

  1. Rising penetration smartphones is expected to propel the growth over the forecast period

Smartphone proliferation across emerging economies such as Indonesia, Brazil, and China has increased substantially and continues to grow at a fast pace. This is owing to increasing internet penetration and rising popularity of social network platforms in the countries. According to Coherent Market Insights’ analysis, Smartphone shipments across the globe increased from 1.1 billion units in 2013 to 1.2 billion units in 2014. Of the overall shipments, over 45% of smartphone units were shipped to China in 2014. Moreover, rising trend of mobile shopping, e-banking, and BOYD are other factors expected to propel the global mobile phone accessories market growth over the forecast period.

Statistics:

APAC dominated the global mobile phone accessories market in 2019, accounting for 52.3% share in terms of value, followed by, Europe, North America, Latin America and Middle East respectively.

Figure 1: Global Mobile Phone Accessories Market Share (%), in Terms of Value, By Region, 2019

Mobile Phone Accessories  | Coherent Market Insights

Market Dynamics- Restraints

  1. Rising threat of privacy is expected to hamper the global mobile phone accessories market growth during the forecast period

Privacy remains a major threat to market growth. The materials used in pirated products are of substandard level as compared to products offered by major manufacturers. However, pirated products are offered at a fraction of the price of the original products and consumers in emerging economies such as India and China are inclined more towards the former. Hence, the presence of these products is expected to hamper the market growth in the near future.

  1. Lack of standardization is expected to hinder the global mobile phone accessories market growth over the forecast period

There is a lack proper standardization in terms of technology and components used for the manufacturing of mobile accessories. Undefined standards in the market lead to high product and price differentiation, which in turn, is expected to hinder the global mobile phone accessories market growth over the forecast period.

Market Opportunity

  1. Rising demand from Asia Pacific Region can present major business growth opportunities

Mobile phone accessories have witnessed a massive demand from Asia Pacific region in the recent past, especially from countries such as Japan, South Korea, China, and Indonesia. This is owing to rising disposable incomes and greater urbanization, along with the changing lifestyles prevalent in the region. Major companies in the market are can capitalize on the opportunities and gain significant advantages in the market.

  1. Constant merger and acquisition activities can pose significant business opportunities

Major companies in the market are focused on merger and acquisition activities, in order to enhance the market presence. For instance, in 2014, Apple Inc. acquired Beats Music and Beats Electronics for a combined value of US$ 3 Bn. Furthermore, in 2014, Brightstar Corp. acquired the commerce and service division of SoftBank BB Corp., in order to expand its footprint in the region.

Figure 2: Global Mobile Phone Accessories Market Value (US$ Mn), 2017 - 2027

Mobile Phone Accessories  | Coherent Market Insights

The global mobile phone accessories market was valued at US$ 80,947.0 Mn in 2019 and is forecast to reach a value of US$ 139,104.2 Mn by 2027 at a CAGR of 7.0% between 2020 and 2027.

Market Trends

  1. Launches of novel products by market players is a major trend

Key players in the market are involved in product development and launches, in order to expand their product portfolio. For instance, in 2015, CAT Phones (Caterpillar Inc.), a mobile phone manufacturer based in the U.S., introduced Cat mobile phone cases and accessories at the Mobile World Congress 2015. In 2015, Karbonn, a mobile phone manufacturer based in India, launched screen guards and portable power banks. Moreover, in 2015, StoreDot, an Israel-based company, developed a new type of battery that can be recharged in just 30 seconds.

  1. Increasing demand for a protective case

Protective cases are in a massive demand since they have gained popularity as a fashion accessory in countries such as China and Indonesia. Companies are focused on manufacturing trendy protective cases to cater to the growing number of fashion-conscious consumers in these regions. Sales of protective cases are being driven by increasing number of multi-brand stores as these provide easy accessibility to consumers across the globe.

Competitive Section

Major companies involved in the global mobile phone accessories market are Panasonic Corporation, JVC Kenwood Corporation, Sennheiser Electronic GmbH & Co. KG, Energizer Holdings, Inc., Sony Corporation, Plantronics, Inc., Samsung Electronics Co., Ltd., BYD Co Ltd., Apple Inc., and Bose Corporation.

Key Developments

  1. Major companies in the market are focused on product development, in order to enhance the product portfolio. For instance, in July 2017, Energizer Holdings, Inc., a U.S.-based consumer electronics company, introduced chargers, lightning cables, type C cables, USB hub stations, and mobile utility cables in the Indian market.
  2. Key players in the market are involved in capacity and business expansion, in order to gain a competitive edge in the market. For instance, in January 2020, Samsung Electronics Co., Ltd announced to establish India’s first smartphone display manufacturing unit in Delhi, India.

Mobile phone accessories are external hardware tools that are designed as an integral part of a mobile smartphone by the manufacturer. These accessories include protective cases, USB cables, headphones, data cables, Bluetooth headsets, power banks, screen protectors, mobile chargers, etc. The mobile phone accessories market offers immense opportunities to manufacturers due to a large number of mobile device users and substantial growth in adoption of smartphones and tablets. The mobile phone accessories market offers immense opportunities to manufacturers due to a large number of mobile device users and substantial growth in adoption of smartphones and tablets. The global mobile phone accessories market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.  

Market Dynamics

Increasing disposable income and rising global population is expected to drive growth of the global mobile phone accessories market. According to Coherent Market Insights’ analysis, in 2017, global disposable income increased by 4.1% as compared to 2018. Increasing population in developing economies such as China, India and MEA countries expected to propel the global market for mobile phone accessories in the forecast period. According to the United Nations (UN), global population is expected to reach 9.6 billion by 2050, increasing from 7.2 billion in 2013.

Furthermore, change in user behavior of tech savvy consumer developing economics such as China, India is changing toward rapidly adopting new technology. According to Coherent Market Insights analysis, people are preferring to change their smartphone less than 3 years and accessories such as earphones less than 2 years. This behavior of consumer expected to drive the mobile phone accessories market in the forecast period.

Market Taxonomy

This report segments the global mobile phone accessories market on the basis of product type, price range, distribution channel and region. On the basis of product type, global mobile phone accessories market is segmented into battery, charger, headphone/earphone, memory card, portable speaker, protective case and others. On the basis of price range, the global mobile phone accessories market is segmented into premium, mid and low. On the basis of distribution channel, the global mobile phone accessories market is segmented into multi-brand store (organized store, independent store), single brand store and online store on the basis of region, global mobile phone accessories market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global mobile phone accessories market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global mobile phone accessories market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global mobile phone accessories market includes Panasonic Corporation, JVC Kenwood Corporation, Sennheiser Electronic GmbH & Co. KG, Energizer Holdings, Inc., Sony Corporation, Plantronics, Inc., Samsung Electronics Co., Ltd., BYD Co Ltd., Apple Inc., and Bose Corporation.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global mobile phone accessories market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global mobile phone accessories market.

Detailed Segmentation:

  • Global Mobile Phone Accessories Market, By Product Type:
    • Battery
    • Charger
    • Headphone/Earphone
    • Memory Card
    • Portable Speaker
    • Protective Case
    • Others
  • Global Mobile Phone Accessories Market, By Price Range:
    • Premium
    • Mid
    • Low
  • Global Mobile Phone Accessories Market, By Distribution Channel:
    • Multi-brand Store
      • Organized Store
      • Independent Store
    • Single Brand Store
    • Online Store
  • Global Mobile Phone Accessories Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Panasonic Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • JVC Kenwood Corporation
    • Sennheiser Electronic GmbH & Co. KG
    • Energizer Holdings, Inc.
    • Sony Corporation
    • Plantronics, Inc.
    • Samsung Electronics Co., Ltd.
    • BYD Co Ltd.
    • Apple Inc.
    • Bose Corporation.

*Browse all the market data tables and figures on “Global Mobile Phone Accessories Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Price Range
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Mobile Phone Accessories Market, By Product Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Battery
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Charger
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Headphone/Earphone
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Memory Card
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Portable Speaker
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Protective Case
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Mobile Phone Accessories Market, By Price Range, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Premium
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Mid
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Low
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Mobile Phone Accessories Market, By Distribution Channel, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Multi-brand Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Organized Store
        • Independent Store
    • Single Brand Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Online Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Mobile Phone Accessories Market, By Region, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Price Range, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Price Range, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Price Range, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Price Range, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Price Range, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Zhejiang Dahua Technology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Agent Video Intelligence
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hangzhou Hikvision Digital Technology Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GeoVision, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Canary Connect, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pelco, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honeywell Security Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Homeboy, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • D-Link Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NETGEAR Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Genetec, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FLIR Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic System Networks Co. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Axis Communications AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cisco Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch GmbH.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Mobile Phone Accessories Market-forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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