According to a recent report released by Trends Market Research titled “US Mobile Phone Accessories Market by Product Type: Analysis of Industry Opportunities and Forecast, 2019-2026”, the US Mobile Phone Accessories Market size was valued at $ 28,529.3 million in 2018, and is expected to reach $ 74,433.7 million by 2026, with a CAGR of 13.7% from 2019 to 2026.
The increase in demand for mobile phones in the United States is driving the demand for wireless accessories as these devices provide seamless connectivity to the digital world. The rapid production of smartphones and other portable mobile devices that are convenient, cost-effective, flexible and efficient compared to wired devices is driving the trends in the US mobile phone accessories market.
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According to the Voicebot Smart Speaker Consumer Adoption report, the number of smart speaker owners in the United States increased to 40% in 2018, reaching 66.4 million. In addition, sales of new smart speakers were estimated at 26.2% in the United States in 2018, up from 20% in 2017. Additionally, Nima, a manufacturer of custom portable Bluetooth speakers, has launched a range of headphones-shaped speakers for users who support sports such as football, basketball and baseball and are officially licensed by the NFL and over 60 universities in the United States. All of these factors are contributing to the growth of loudspeakers which further drives the growth of the United States cell phone accessories market.
Based on the analysis of the US mobile phone accessories market, the headphone segment generated the highest revenue in 2018, followed by the AR and VR headset segment, which is estimated to be the fastest growing segment. fastest growing among other product types mentioned in the report.
There has been an increase in the use of advanced electronic devices in North America due to continuous technological advancements and the increased need for LTE and cloud technologies. This has further increased the application of the integrated media card in this region among various end users. Rapid digitization and increasing need for dependencies for smartphones or tablets in various verticals are fueling the demand for mobile phone accessories in the United States in the market. In addition, advancements in wearable electronic gadgets such as digital watches are expected to boost the growth of the US cell phone accessories industry.
Key Findings of the US Mobile Phone Accessories Market:
On the basis of product type, the headphone segment generated the highest revenue in the US mobile phone accessories market in 2018.
On the basis of product type, the AR & VR headset segment registered the highest CAGR in the market in 2018.
The major leaders in the US mobile phone accessories market presented in the report are Apple Inc., Bose Corporation, BYD Company Limited, Energizer Holdings, Inc., JVC Kenwood Corporation, Panasonic Corporation, Plantronics, Inc., Samsung Electronics Co. Ltd ., Sennheiser Electronics GMBH & Co. KG and Sony Corporation. These key players are adopting several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the market share of mobile phone accessories in the United States during the forecast period. In March 2019, Apple released AirPods, the most popular second-generation wireless headphones.
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Apple also designed an H1 chip specifically for headphones to deliver efficient performance and faster connection times. This new headset offers a magical wireless experience. Additionally, the company launched HomePod, an innovative wireless speaker that delivers stunning audio quality. This product offers advanced technologies such as beamforming tweeters, high excursion woofer and automatic spatial awareness. Additionally, Panasonic Corporation has launched Wellness, a new set of upcoming platform solutions. This product features active noise cancellation, premium seat lighting and others.