India’s mobile phone accessories market to reach $ 3,545 million by the end of 2026, study finds, Telecom News, ET Telecom

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Mumbai: India mobile phone accessories market to reach $ 3,545 million by the end of 2026, registering 10.4% growth, with increased internet penetration, a report from Future Market Insights titled “Mobile Phone Accessories Market: Indian Industry Analysis & Opportunity Assessment, 2016-2026” said Wednesday.

According to the report, cellphone or smartphone users in India have actively increased their exposure to the internet, which will keep the consumption of cellphone accessories at a high level.

The report estimates that over 40% of mobile phone accessories revenue in India will remain in the mid-price range by the end of 2026 due to the counterfeit branded accessories and price pressures.

The report revealed that products such as protective cases for cellphones and smartphones, and audio equipment such as earphones and earphones will continue to be the top-selling cellphone accessories in India, collectively accounting for more than one-third of gross market revenue through the forecast period.

Portable speakers and batteries are also expected to gain traction in the Indian mobile phone accessories market presenting a combined additional opportunity of nearly $ 450 million by 2026. power banks in India to account for more than $ 350 million in revenue by the end of 2026.

“According to Future Market Insights, more than $ 32 billion in revenue was raised through sales of mobile phone accessories in the APAC region in 2016, with India accounting for a considerable share,” the report said.

The study suggested that multi-brand stores are fast becoming the preferred distribution channel for purchasing mobile phone accessories in India. “North India will continue to dominate by accounting for over 30% of market revenue, while the southern Indian states and the Caribbean states collectively will account for half of India’s mobile phone accessories revenue. by the end of 2026 ”, indicates the study.

According to the report, after segmenting the revenue of India mobile phone accessories market on the basis of ‘other’ product types as such, it is estimated that over $ 150 million in revenue would be raised between 2016 and 2026.


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