Global Mobile Phone Accessories Market 2019-2023 | Increasing Focus on Improving Telecommunication Network Infrastructure to...
April 15 2019 - 10:14AM
Business Wire
The global mobile phone accessories market is expected to post a
CAGR of over 4% during the period 2019-2023, according to the
latest market research report by Technavio.
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The global mobile phone accessories
market will post a CAGR of over 4% during the period 2019-2023
(Graphic: Business Wire)
One of the prominent factors propelling the customers to opt for
mobile phones 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. Increased customer preference for accessing digital content
such as gaming applications, social networking, music, and movies
on portable devices while they are on the move has augmented the
demand for wireless accessories. Therefore, the demand for mobile
phone accessories such as chargers, headphones, earphones,
speakers, and power banks, in the wireless category, is
increasing.
As per Technavio, the increasing focus on improving
telecommunication network infrastructure will have a positive
impact on the market and contribute to its growth significantly
over the forecast period. This global mobile phone accessories
market 2019-2023 research report also analyzes other important
trends and market drivers that will affect market growth over
2019-2023.
Global mobile phone accessories market:
Increasing focus on improving telecommunication network
infrastructure
Smartphone manufacturers, government organizations, and
telecommunication service providers are working together to improve
the telecommunication network infrastructure to support high
network bandwidth capacity. This is accelerating investments in the
4G/5G networks and developments in 4G/5G compatible devices. The
increasing focus on expanding the telecommunication network
coverage by various government organizations across the globe is
driving investments in the telecommunication networks
infrastructure. This has provided an impetus for the adoption of
various network technologies such as 4G and is paving the way for
the forthcoming adoption of high-speed 5G networks. This, in turn,
will accelerate the use of mobile phones for accessing online audio
and video content, which will result in high demand for mobile
phone accessories.
“Along with the increasing focus on improving
telecommunication network infrastructure, the proliferation of
low-priced smartphones is one other factor boosting the growth of
the global market. The availability of low-priced smartphones is
increasing in countries such as India, Vietnam, Sri Lanka, and
Pakistan. This has resulted in ample opportunity for the vendors of
the global mobile phone accessories to boost their sales,” says a
senior analyst at Technavio.
Global mobile phone accessories market:
Segmentation analysis
This market research report segments the global mobile phone
accessories market by product (protective cases, screen protectors,
headphones and earphones, wired chargers, power banks, portable
speakers, SD cards, wireless chargers, batteries, and other
products) and geographical regions (APAC, North America, Europe,
South America, and MEA).
The APAC region led the market in 2018, followed by North
America, Europe, South America, and MEA respectively. During the
forecast period, the APAC region is expected to register the
highest incremental growth due to the growing investment in
telecommunication infrastructure and the increasing penetration of
smartphones.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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version on businesswire.com: https://www.businesswire.com/news/home/20190415005077/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com