Mobile phone accessories consist of products responsible for enhancing the appearance and productivity of a mobile phone. Some of the mobile phone accessories include, headphone, protective cases, power bank, portable speakers, and others.
Major players operating in the global mobile accessories market include, Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, Apple, Inc., JVC Kenwood Corporation, Plantronics, Inc., Bose Corporation, Griffin Technology, Otter Products, LLC, Sennheiser Electronics GmbH & Co. KG and others.
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Market Growth:
Increasing disposable income that promotes consumers to highly spend on media, entertainment, networking, and mobile communication is major factor contributing in increasing demand for smartphones, which in turn is expected to propel growth of the mobile phone accessories market. Use of portable devices such as smartphones, tablets, and others for listening music increases the demand for accessories such as headphones, Bluetooth and WiFi speakers, which is expected to drive growth of the mobile accessories market during the forecast period (2018-2026).
However, increasing incidence of hearing impairment in users is one of the major factors affecting growth of the mobile phone accessories market. For instance, according to the study conducted by the American Academy of Otolaryngology, in April 2018, increasing usage of cell phone over 60 minutes per day could result in damaging hearing ability. Moreover, according to the World Health Organization (WHO), over 5% of the world’s population suffers from hearing impairment. Hence, all these factors will adversely affect growth of the market.
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