Global Accessories and Peripherals Market for Smartphones and Tablets 2016-2020

Overview of the accessories and peripherals market for smartphones and tablets

Extensive research carried out by the analyst at Technavio has shown that the global accessories and peripherals market for smartphones and tablets will grow steadily at a CAGR of close to 6% over the forecast period. With the rising sales of smartphones, the accessories and peripherals for smartphone and tablets market is anticipated to have a positive outlook in the coming years. Smartphones and tablets are rapidly replacing desktops as they are more flexible and portable. Moreover, the applications of smartphones, ranging from making calls to streaming music, provide tremendous market opportunities for mobile accessory vendors to invent unique accessories for different needs of the consumer. The increasing shift in consumer preference for smart devices, especially smartphones, over desktops will bolster the growth prospects for this market over the predicted period.

One of the important trends contributing to the growth of this market is the growing popularity of wireless accessories. Music streaming via smartphones or tablets is an emerging trend in the market which has resulted in an augmented demand for wireless audio accessories, such as Bluetooth speakers and headsets. Moreover, a high percentage of the millennial population is streaming music on YouTube, which is also expected to aid in the growth of this market over the next four years.

Segmentation by type and analysis of the accessories and peripherals market for smartphones and tablets

• Protective casing
• Headsets
• Chargers
• Batteries
• Memory cards
• Power banks
• Portable speakers

During 2015, the protective casing segment dominated the market and accounted for nearly 21% of the revenue market share. The increasing need to safeguard expensive smartphones from physical damage is one of the most important factors driving this segment’s growth until 2020.

Geographical segmentation and analysis of the accessories and peripherals market for smartphones and tablets

• Americas
• APAC
• EMEA

In terms of geography, the APAC region led the global accessories and peripherals market for smartphones and tablets and is forecasted to reach close to 56% of the market share by 2020. Factors such as the rising population of smartphone and tablet users in the APAC region will contribute to the growth of this accessories and peripherals market size in APAC.

Competitive landscape and key vendors

The global accessories and peripherals market for smartphones and tablets is highly competitive owing to the presence of well-established global players. According to the accessories and peripherals industry analysis report, although the market is saturated, new vendors keep emerging in the market to cater to the local market.

 Key vendors in this market are -

• Beats (Apple)
• Incipio
• Samsung Electronics
• Sony

Other prominent vendors analyzed in this market research report are Bose, Griffin Technology, Panasonic, Plantronics, Otterbox, and Sennheiser Electronics.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global accessories and peripherals market for smartphones and tablets?
• What are the key market trends impacting the growth of the global accessories and peripherals market for smartphones and tablets?
• What are the challenges to market growth?
• Who are the key vendors in the global accessories and peripherals market for smartphones and tablets?
• What are the market opportunities and threats faced by the vendors in the global accessories and peripherals market for smartphones and tablets?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global accessories and peripherals market for smartphones and tablets?