About the Mobile Device Accessories Market
An average mobile device user spends $85 to $90 on cellphone accessories every year, as consumers increasingly seek out latest trends in accessories. This scenario is typical in APAC, which drives the majority of the revenue from mobile device accessories in the region. The report segments the market by types of mobile device accessories as follows:
Technavio Announces the Publication of its Research Report – Global Mobile Device Accessories Market 2016-2020
Technavio recognizes the following companies as the key players in the global mobile device accessories market: Beats (Apple), Incipio, Samsung Electronics, and Sony.
Other Prominent Vendors in the market are: Bose, Griffin Technology, Panasonic, Plantronics, Otterbox, and Sennheiser Electronics.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is boosting market growth is the increasing use of accessories for health monitoring. The applications of smartphone are only increasing and will continue the same during the forecast period. Health monitoring is major application which increasing number of consumers are use it for, it is an application that will get onto the bandwagon similar to how Apple got into the domain. Smart home solution is another segment that will get closer to the mainstream audience from its niche categorization in the current market scenario.”
According to the report, a key growth driver is using mobile devices to access the internet. Widespread internet access through mobile devices The global internet penetration was 47% in 2015, and it is likely to reach over half of the world's population by 2017. This allows a high percentage of the population to access the internet through their mobile devices, hence providing an opportunity for mobile device accessories vendors to deliver quality accessories to increase the lifespan of mobile devices.
Further, the report states that one challenge that could restrict market growth is the quick technological obsolescence of mobile devices. It is not a financially viable option for vendors to invest in R&D and quality control as such products have a short lifecycle.
Beats (Apple), Incipio, Samsung Electronics, Sony, Bose, Griffin Technology, Panasonic, Plantronics, Otterbox, Sennheiser Electronics.