The report forecasts the global mobile device accessories market to grow at a CAGR of 5.8% during the period 2016-2020.
The report segments the market by types of mobile device accessories as follows:
Headsets or earphones
A trend which is boosting market growth is the increasing use of accessories for health monitoring. The applications of smartphone are only increasing and will continue the same during the forecast period. Health monitoring is major application which increasing number of consumers are use it for, it is an application that will get onto the bandwagon similar to how Apple got into the domain. Smart home solution is another segment that will get closer to the mainstream audience from its niche categorization in the current market scenario.
According to the report, a key growth driver is using mobile devices to access the internet. Widespread internet access through mobile devices The global internet penetration was 47% in 2015, and it is likely to reach over half of the world's population by 2017. This allows a high percentage of the population to access the internet through their mobile devices, hence providing an opportunity for mobile device accessories vendors to deliver quality accessories to increase the lifespan of mobile devices.
Further, the report states that one challenge that could restrict market growth is the quick technological obsolescence of mobile devices. It is not a financially viable option for vendors to invest in R&D and quality control as such products have a short lifecycle.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market attractiveness by type
PART 08: Market segmentation by distribution channel
PART 09: Market attractiveness by distribution channel