Global mobile phone accessories market led by APeJ

The global mobile phone accessories market is anticipated to expand at a CAGR of 6.9% between 2015 and 2025, says Future Market Insights (FMI). 

By region, Asia Pacific excluding Japan (APeJ) dominated the mobile phone accessories market with 47.4% market share in 2014 and is anticipated to remain dominant by the end of 2025. This is attributed to higher adoption of smartphones along with significant growth of e-commerce in the region. Moreover, factors such as growing urban population and rising disposable income in the region is also supporting market growth. NAmong all regions, APEJ is anticipated to register highest CAGR between 2015 and 2025, followed by Latin America and Middle East and Africa, owing to proliferation of smartphones in these regions. 

In Mobile Phone Accessories Market: Global Industry Analysis and Opportunity Assessment, 2015 - 2025, FMI studies protective cases, headphones/earphones, chargers, memory cards, batteries, power banks and portable speakers among others hardware. The protective case segment accounted for 20.5% share in the global mobile phone accessories market in 2014, and is expected to expand at a CAGR of 5.9% over the forecast period. The power bank segment is expected to expand at a CAGR of 9% over the same period.

Growth of this market is driven by increasing population and urbanisation, rising penetration of smartphones and strong distribution networks worldwide, said FMI. Rising adoption of mobile phone accessories, especially in developing regions such as Latin America and Asia Pacific, fostered by growing disposable income which has bolstered growth smartphones.

Key players mentioned in the report include BYD, Energizer, Sony, Samsung Electronics, Panasonic, JVC, Beats (Apple), Plantronics, Sennheiser Electronics, Bose, Otterbox, and Griffin Technology. 

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