Market Overview

Global Consumer Electronic Accessories Market Outlook to 2026 - ResearchAndMarkets.com

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The "Global
Consumer Electronic Accessories Market Size, Market Share, Application
Analysis, Regional Outlook, Growth Trends, Key Players, Competitive
Strategies and Forecasts, 2018 To 2026"
report has been added
to ResearchAndMarkets.com's offering.

The global consumer electronic accessories market is estimated to reach
US$ 59.5 Bn in 2026 growing at a CAGR of 7.1% during the forecast period
from 2018 to 2026.

The growth of consumer electronics in recent years has been phenomenal
and this trend is likely to continue in the years to come. The demand
for consumer electronic accessories is directly dependent upon consumer
electronics as a result of which the market trend is majorly dependent
on the parent market.

One of the most prominent factors aiding the consumer electronic
accessories market growth is the fact that the demand for consumer
electronics has been increasing worldwide. For instance, in recent
years, the demand for smartphones has been on the rise especially in
countries such as India, China, and the U.S. among others. Sales of
smartphones in the U.S. grew by 2% in 2017 over 2016 and reached 201.3
Mn units. Similarly, India witnessed a growth of 14% in 2017 and a total
shipment of 124 Mn units were reported in 2017. This growth in the
demand for smartphones expected to positively influence the consumer
electronic accessories market.

In recent years, owing to rising disposable income and improving
standard of living, in countries such as China, India, Brazil, etc.
people are in a better position to invest in cars. This is evident from
the fact that the motor vehicle production across all the aforementioned
countries has witnessed a growth in 2017 over 2016. This factor expected
to have a positive impact on the demand for car electronic accessories,
thereby complimenting the overall consumer electronic accessories market
growth.

However, declining sales of DSLR cameras across the world expected to
offset market growth in the coming years. Camera accessories such as
tripods & monopods, batteries & chargers and cables & connectors are
some of the camera & photo accessories expected to witness a hit in
demand in coming years.

Product innovation is one of the common strategies adopted by consumer
electronics accessory manufacturers. This strategy helps in addressing
the increasing competition in the market. For instance, recently Sony
introduced the world's first wireless splash-proof headphones with noise
cancellation. The headphone also comes with an open charging case that
extends the battery backup up to 9 hours. Similarly, Sachtler and Vinten
introduced a new camera tripod technology that enables camera operators
to set up and begin using the tripod in an instant.

Companies Profiled

  • Samsung Electronics Co. Ltd
  • Sony Corporation
  • Zebronics India Pvt. Ltd.
  • Logitech International S.A.
  • Portronics Digital Pvt. Ltd.
  • Belkin International Inc.
  • Philips International B.V.
  • Targus International LLC
  • Plantronics Inc.
  • Seiko Epson Corporation
  • Beats Electronics

For more information about this report visit https://www.researchandmarkets.com/research/csrwm5/global_consumer?w=4

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