Mobile Phone Accessories Market Forecasts to 2023 - Integration of Advanced Functionalities in Smartphones Drives Growth - ResearchAndMarkets.com

23 Apr 2019

DUBLIN--(BUSINESS WIRE)--The "Global Mobile Phone Accessories Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The mobile phone accessories market will register a CAGR of nearly 4% by 2023.

The integration of advanced functionalities in smartphones will trigger the mobile phone accessories market growth in the forthcoming years.

Smartphone manufacturers are increasingly focusing on integrating innovative features and technologies in their products for staying competitive in the market. The latest innovations will further allow users to employ their devices for several applications including taking high-definition videos, selfies, accessing mobile applications quickly, and play high-definition games.

The rising need for accessories including power banks, earphones, headphones, protective cases, screen protectors, and others for all these activities will drive the mobile phone accessories market growth in the forthcoming years.

Integration of advanced functionalities in smartphones

One of the growth drivers of the global mobile phone accessories market is the integration of advanced functionalities in smartphones. Smartphone manufacturers are focusing on integrating innovative features and technologies in their products to stay competitive in the market.

The growing market for counterfeit mobile accessories

One of the challenges in the growth of the global mobile phone accessories market is the growing market for counterfeit mobile accessories. The increasing sales of counterfeit products are reducing the total potential market for mobile accessories, which will hamper the growth of the global mobile phone accessories market.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of few market players. Several smartphone manufacturers and government organizations are focusing on working in collaboration to improve the telecommunication network infrastructure to support high network bandwidth capacity.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players