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Mobile Phone Accessories Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43603
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The mobile phone accessories market size has the potential to grow by USD 20.99 billion during 2020-2024. The market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by product (protective cases, screen protectors, headphones and earphones, wired chargers, and others) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Apple Inc., Bose Corp., BYD Co. Ltd., Foxconn Electronics Inc., Incipio LLC, Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, and Sony Corp.

Market Overview

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Market Competitive Analysis

The market is fragmented. Apple Inc., Bose Corp., BYD Co. Ltd., Foxconn Electronics Inc., Incipio LLC, Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, and Sony Corp. are some of the major market participants. The market players are focusing on both organic and inorganic growth. Factors such as the need for shorter product life cycles and leaner production capabilities and blue-collar labor shortages have made it imperative for manufacturers to invest in technology solutions and implement innovative strategies to optimize production for long-term growth.

The growing preference for wireless mobile phone accessories and the proliferation of low-priced smartphones will offer immense growth opportunities to the vendors. However, the growing market for counterfeit mobile accessories, the declining demand for mobile phone batteries and SD cards, and the short shelf life of smartphones may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this mobile phone accessories market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this mobile phone accessories market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Apple Inc.
  • Bose Corp.
  • BYD Co. Ltd.
  • Foxconn Electronics Inc.
  • Incipio LLC
  • Logitech International SA
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Sennheiser electronic GmbH & Co. KG
  • Sony Corp.

Mobile Phone Accessories Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The rising demand for smartphones will significantly influence the mobile phone accessories market's growth in this region.

67% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for mobile phone accessories in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the mobile phone accessories market size.

Mobile Phone Accessories Market: Drivers and Trends

The competition in the global smartphone market has intensified. Therefore, smartphone manufacturers are focusing on integrating innovative features and technologies into their products to stay competitive in the market. All the latest innovations will allow users to employ their devices for several applications such as taking high-definition videos, selfies, accessing mobile applications quickly, and play high-definition games. All these activities will generate the demand for accessories such as power banks, earphones, headphones, protective cases, screen protectors, and others to use the smartphones in effective ways. As a result, the mobile phone accessories market will record significant growth and record a CAGR of 4% during 2020-2024.

The global mobile phone accessories market is recording a shift in consumer preference for wireless mobile phone add-ons, which is also driving the market growth. One of the prominent factors propelling the customers to opt for wireless mobile phone accessories is the level of convenience offered by the additional components. The adoption of wireless accessories offers customers with the convenience of portability without the wire. Leveraging this change in customer demand, many market vendors are introducing new wireless mobile phone accessories. For instance, in February 2019, Xiaomi Inc. announced the launch of its new wireless power bank, which has a battery capacity of 10,000mAh. The device will support 10 W wireless charging along with two output ports for charging wired devices.

Mobile Phone Accessories Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive mobile phone accessories market growth during the next five years
  • Precise estimation of the mobile phone accessories market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile phone accessories industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mobile phone accessories market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Protective cases - Market size and forecast 2019-2024
  • Screen protectors - Market size and forecast 2019-2024
  • Headphones and earphones - Market size and forecast 2019-2024
  • Wired Chargers - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Apple Inc.
  • Bose Corp.
  • BYD Co. Ltd.
  • Foxconn Electronics Inc.
  • Incipio LLC
  • Logitech International SA
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Sennheiser electronic GmbH & Co. KG
  • Sony Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The mobile phone accessories market growth will increase by $20.99 billion during 2019-2024.
The mobile phone accessories market is expected to grow at a CAGR of 3.80% during 2019-2024.
Technavio has segmented the mobile phone accessories market by product (Protective cases, Screen protectors, Headphones and earphones, Wired Chargers, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Apple Inc., Bose Corp., BYD Co. Ltd., Foxconn Electronics Inc., Incipio LLC, Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, Sony Corp. are a few of the key vendors in the mobile phone accessories market.
APAC will register the highest growth rate of 67.32% among the other regions. Therefore, the mobile phone accessories market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the mobile phone accessories market growth are:
  • Integration of advanced functionalities in smartphones
The mobile phone accessories market vendors should focus on grabbing business opportunities from the protective cases segment as it accounted for the largest market share in the base year.
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