Mobile phones have become an integral part of people's lives and have permeated all sections of societies across the world. This has boosted demand for associated mobile accessories aimed at protecting the expensive devices, enhancing functionalities, and enabling quick connectivity and charging solutions. Advancements in cellular technologies have enabled high-speed internet access through smartphones, thus, allowing users to stream high definition content on-the-go. The influx of low-cost smartphones and falling data tariffs in developing nations have also expanded the consumer base, thus, boosting uptake of mobile accessories.
Market Dynamics:
Global mobile phone accessories market growth is driven by rising demand for feature-rich smartphones and increasing uptake of wireless connectivity technologies. Growing adoption of smartphones across age groups and regions, introduction of technologically advanced mobile accessories by top brands, and availability of low-cost accessories can drive the market growth. However, availability of counterfeit products may hinder the sales of legitimate brands. Meanwhile, proliferation of e-commerce offer opportunities for market players to tap into untapped rural markets. Ongoing upgrades in cellular standards such as 5G and adoption of fast charging solutions can also offer growth opportunities.
Key features of the study:
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