This market study segments the global accessories and peripherals market for smartphones and tablets by product (cases, screen guards, headsets, and chargers) and by geography (APAC, EMEA, and the Americas). Leading vendors in this market are Belkin, Logitech, Otter Products, Targus, and Zagg.
Technavio’s market research analysts estimate the global accessories and peripherals market for smartphones and tablets to grow rapidly between 2015 and 2019. The market for smartphones is expected to grow at a CAGR of around 6%, while the market for tablets is expected to generate revenue worth US $46 billion between 2015 and 2019. The increasing sale of smartphones and tablets coupled with the ability of peripherals to enhance customer experience are expected to account for this market’s high growth rate during the forecast period.
The APAC accounts for around 57% share of the total market revenue. Factors like the high adoption of smartphones and the augmented disposable income of consumers in this region are responsible for this region’s high market share over the next four years.
The new market research report from Technavio provides a breakdown and analysis of the accessories and peripherals market for smartphones and tablets segments by technology.
“Of late, the accessories and peripherals are not only viewed as protection and utility accessories, but have evolved as value-added products by the users. They are acting more as style statement and lifestyle products. Observing this trend, the market vendors are developing expensive and branded accessories and peripherals for smartphones and tablets. For instance, folios and cases for tablets and smartphones are available in different colors and designs, which can make tablets and smartphones seem trendy,” says Navin Rajendra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The rise in the adoption of wireless devices like Bluetooth headsets for tablets and the increase in usage of tablets by enterprises across manufacturing, healthcare, automotive, and retail industries will fuel the growth of the market during the forecast period.
The leading vendors in the global accessories and peripherals market for smartphones and tablets include Belkin, Logitech, Otter, Targus and Zagg. This market is characterized by the presence of numerous vendors since it has high potential for growth in emerging nations like China and India. Additionally, as this market has low entry barriers, new global and regional players can easily establish themselves as prominent players during the forecast period.
A more detailed analysis is available in the Technavio report, Global Accessories and Peripherals Market for Smartphones and Tablets 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Accessories and Peripherals Market for Smartphones and Tablets 2014-2018
- Global Smartphone Market 2015-2019
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