In recent times, the global market of Smartphones is increasing day by day so as its accessories. The more advanced smartphones, the more advance will be its accessories. There are so many things right now in the market, such as phone cases, screen protectors, external batteries, earphones, and so on. The demand is also increasing with time. The smartphone manufacturers are making premium smartphones and to protect them from severe damage, users need to use phone cases, screen protectors, all the time. Apart from this, most of the flagship smartphones at this time are not supporting any kind of 3.5mm headphone jack. That’s why users need to buy a Bluetooth earphone or a TWS externally.
If we check the statistics, the market of the Middle East and APAC zones have made US$117.8 billion in 2019 by retailing these accessories. It is expected that in the next seven years this market will grow to nearly $155 billion, at an annual compound rate of 3.6%.
Moreover, in the current pandemic situation of 2020, most of the offices and organizations have chosen the path of “Work from Home”. That’s why the market of wireless devices has been literally increased at this time. The COVID-19 has become a blessing in disguise in that case.
If we check the names of some of the key Market Players:
- Panasonic Corporation
- Sony Corporation
- Sennheiser Electronic GmbH & Co. KG
- Apple Inc.
- Samsung Electronics Co. Ltd.
- BYD Co. Ltd.
- Bose Corporation
- Energizer Holdings Inc.
- Plantronics Inc.
- JVC Kenwood Corporation
According to some reports, Australia/New Zealand will be the most prominent sub-region for the market by 2027. It will represent a total share of over 10%. On the other hand, the Middle East is projected to become the fastest-growing zone, with a CAGR of 7.6%. In the upcoming days, Panasonic, Apple, and Sony will gain the same footholds in this region.