Asia-Pacific and Middle East mobile phone accessories market on track to reach $ 154.8 billion by 2027

0
– Advertising –

In recent times, the global market for Smartphones is increasing day by day as well as its accessories. The more advanced the smartphones, the more advanced its accessories will be. There are so many things on the market right now, like phone cases, screen protectors, power banks, headphones, and more. Demand also increases over time. Smartphone manufacturers make high-end smartphones and to protect them from serious damage, users have to use phone cases, screen protectors, all the time. Other than that, most of the flagship smartphones at the moment do not support any kind of 3.5mm headphone jack. That’s why users need to buy bluetooth earphone or TWS externally.

If we look at the statistics, the Middle East and APAC area market made US $ 117.8 billion in 2019 selling these accessories at retail. Over the next seven years, this market is expected to grow to nearly $ 155 billion, at a compound annual rate of 3.6%.

In addition, in the current pandemic situation of 2020, most offices and organizations have chosen the ‘work from home’ route. This is why the market for wireless devices has literally been increased at this time. COVID-19 has become a blessing in disguise in this case.

4RABET

If we check the names of some of the major players in the market:

  • Panasonic Corporation
  • Sony Corporation
  • Sennheiser Electronic GmbH & Co. KG
  • Apple Inc.
  • Samsung Electronics Co. Ltd.
  • BYD Co. Ltd.
  • Bose Company
  • Energizer Holdings Inc.
  • Plantronics Inc.
  • JVC Kenwood Corporation

According to some reports, Australia / New Zealand will be the most important sub-region for the market by 2027. It will account for a total share of over 10%. On the other hand, the Middle East is expected to become the fastest growing area, with a CAGR of 7.6%. In the coming days, Panasonic, Apple and Sony will take the same positions in this region.

Source

– Advertising –


Source link

Share.

Leave A Reply