Published by mark itwired
Posted on September 9, 2021
The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market. According to a study by Future Market Insights (FMI), the market will surpass US$ 86.80 Bn by 2021.
With the incorporation of IoT in households, a swift rise in the demand for mobile phone accessories has been witnessed, and this trend will continue in the near future. The emergence of 5G technology will also boost the demand for mobile phone accessories that work on augmented reality and virtual reality technology.
The high speed of 5G technology will provide a better experience of devices that are connected through wireless technology and will play a major role in driving the demand for wireless connectivity devices.
In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.
With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.
“Market players are focusing on the expansion across eCommerce platforms such as Amazon, Walmart, and others to expand their footprint. Besides this, their investment towards innovation is increasing as well to launch products with advanced features,” says an FMI analyst.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-112
Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.
Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.
The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.
The COVID-19 pandemic has fundamentally reduced worldwide monetary action and has caused critical instability across various sectors. The COVID-19 pandemic and the measures taken by nations in response have adversely affected the mobile phone accessories business across the world.
Some of the key players operating in the mobile phone accessories market are
Future Market Insights, in its new offering, provides an unbiased analysis of the global mobile phone accessories market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the mobile phone accessories market based on the packaging type (folding cartons, clear view boxes, pouches & bags, clamshells, blister packs, and trays), product type (power banks, batteries, chargers, wired, wireless, protective cases & covers, headsets, portable speakers, memory cards, data cables, mount & stands, selfie stick, and others), sales category (brands, 3rd parties, and white labels/no-name brands), price range (premium, mid, and low), sales channel (retail outlets, electronic stores, franchise outlets, exclusive stores, e-Commerce) across seven major regions
The post Mobile Phone Accessories Market Gain Impetus due to the Growing Demand over 2021-2031 first appeared on Market Research Blog.
The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market. According to a study by Future Market Insights (FMI), the market will surpass US$ 86.80 Bn by 2021.
With the incorporation of IoT in households, a swift rise in the demand for mobile phone accessories has been witnessed, and this trend will continue in the near future. The emergence of 5G technology will also boost the demand for mobile phone accessories that work on augmented reality and virtual reality technology.
The high speed of 5G technology will provide a better experience of devices that are connected through wireless technology and will play a major role in driving the demand for wireless connectivity devices.
In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.
With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.
“Market players are focusing on the expansion across eCommerce platforms such as Amazon, Walmart, and others to expand their footprint. Besides this, their investment towards innovation is increasing as well to launch products with advanced features,” says an FMI analyst.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-112
Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.
Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.
The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.
The COVID-19 pandemic has fundamentally reduced worldwide monetary action and has caused critical instability across various sectors. The COVID-19 pandemic and the measures taken by nations in response have adversely affected the mobile phone accessories business across the world.
Some of the key players operating in the mobile phone accessories market are
Future Market Insights, in its new offering, provides an unbiased analysis of the global mobile phone accessories market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the mobile phone accessories market based on the packaging type (folding cartons, clear view boxes, pouches & bags, clamshells, blister packs, and trays), product type (power banks, batteries, chargers, wired, wireless, protective cases & covers, headsets, portable speakers, memory cards, data cables, mount & stands, selfie stick, and others), sales category (brands, 3rd parties, and white labels/no-name brands), price range (premium, mid, and low), sales channel (retail outlets, electronic stores, franchise outlets, exclusive stores, e-Commerce) across seven major regions
The post Mobile Phone Accessories Market Gain Impetus due to the Growing Demand over 2021-2031 first appeared on Market Research Blog.
