Mobile phone accessories are additional hardware components that are not integrated into the devices. The accessories include batteries, earphones and headphones, portable speakers, protective cases, screen protectors, wireless chargers, secure digital (SD) cards, and others. They are used alongside mobile phones based on compatibility.
As per the latest market research report published by Technavio,the global mobile phone accessories market size will grow by USD 22.21 billion during 2019-2023. The report offers an analysis of the market based on product (protective cases, screen protectors, headphones and earphones, wired chargers, power banks, portable speakers, SD cards, wireless chargers, batteries, and other products).
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Smartphone manufacturers, government organizations, and telecommunication service providers are working in collaboration to improve the telecommunication network infrastructure to support high network bandwidth capacity. This is accelerating investments in 4G/5G networks and developments in 4G/5G compatible devices.
The growing investments in telecommunication network infrastructure and the development in 4G/5G compatible devices will accelerate the use of mobile phones for accessing online and video content. This has provided an impetus of various network technologies such as 4G and is paving the way for the forthcoming adoption of high-speed 5G networks.
Hence, the increasing focus on improving telecommunication network infrastructure is expected to be one of the key trends in the mobile phone accessories market supporting the growth of the global mobile phone accessories market at a CAGR of 4.20% during the forecast period.
The mobile phone accessories market research report further presents in-depth insights into the growth prospects of the market across APAC, Europe, the Middle East and Africa, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including Anker Innovations Limited, Belkin International, Inc., Incipio, SAMSUNG ELECTRONICS CO., LTD., and Sony Corporation.To get the complete in-depth analysis of this market click below.
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