This market research study presents a comprehensive analysis of the global accessories and peripherals market for smartphones and tablets by type (protective casing, headsets, chargers, batteries, memory cards, power banks, portable speakers, and others), by distribution channel (offline and online), and by geography (the Americas, APAC, and EMEA). Leading vendors identified in the market are Beats (Apple), Incipio, Samsung Electronics, and Sony.
Technavio’s market research analysts estimate the global accessories and peripherals market for smartphones and tablets to grow at a CAGR of almost 6% between 2016 and 2020. The increasing demand for the protection of phones from physical damage as well as the growing trend of using mobile accessories as fashion accessories are the fundamental drivers for the market. At present, the APAC region dominates the global accessories and peripherals market for smartphones and tablets by accounting for around 53% of the overall market share. The increase in the population, and subsequently, the consumer base is expected to propel the growth of the market in the region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the accessories and peripherals segment by distribution channel.
“The growing popularity of wireless accessories is the latest trend in the global accessories and peripherals market for smartphones and tablets. Consumers are opting for wireless accessories and peripherals such as wireless chargers and wireless mobile speakers. The increase in consumer awareness and the evolution of hybrid mobile cases are some of the upcoming trends that are likely to reflect positively on the market by 2020,” says Soumya Mutsuddi, Lead Analyst, Media & Entertainment, Technavio Research.
Currently, the offline distribution segment accounts for the majority share of the global accessories and peripherals market for smartphones and tablets by holding a market share of almost 74%. This segment of the market is thriving due to the customers’ preference for the getting familiarized with the look and feel of the mobile accessory before the purchase as opposed to online purchases. The offline distribution segment, classified into categorized and uncategorized sectors, is projected to grow at a CAGR of over 5% by 2020.
The key vendors in the market include Beats (Apple), Incipio, Samsung Electronics, and Sony. The global accessories and peripherals market for smartphones and tablets is highly competitive owing to the presence of well-established global players. Although the market is saturated, new vendors keep emerging in the market to cater to the local market.
A more detailed analysis is available in the Technavio report, Global Accessories and Peripherals Market for Smartphones and Tablets 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
