The global mobile phone accessories market was valued at US$ 58,551.6 Mn in 2014 and is projected to account for US$ 121,726.4 Mn by 2025. Growth of the global mobile phone accessories market is mainly driven by increasing disposable income, rising urban population and inclining adoption of smartphones. Rising population, predominantly in developing regions such as Asia Pacific and the Middle East and Africa, is anticipated to boost growth of the mobile phone accessories market. Increasing urban population across the world, characterized by high net worth individuals and upper urban class population has led to strong demand for advanced mobile phone accessories such as premium headphones and power banks. Major trends observed in the market are rising merger and acquisition, diversification of product portfolio and product advancement as well as new product development across the globe.
By product category, protective case is anticipated to be the largest segment accounting for 18.5% share in the overall mobile phone accessories market by the end of 2025, followed by the headphone/earphone and charger with a market shares of 17.5% and 15.9% respectively in the same year. Asia Pacific Excluding Japan (APEJ) was the largest market in terms of revenue, accounting for 47.4% share in the global mobile phone accessories market in 2014.
Key players in the global mobile phone accessories market include BYD Inc., Energizer, Sony Corporation, Samsung Electronics, Panasonic Corporation, JVC Corporation, Beats (Apple Inc.), Plantronics Pty Ltd, Sennheiser Electronics GmbH & Co. KG, Bose Corporation, Otterbox, and Griffin Technology. Geographical expansion, technological innovations and new product launches as well as merger and acquisitions are some of the major strategies followed by key players operating in the mobile phone accessories market to maintain competitive advantage in the market.
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