Smartphone Accessory Market to Continue to Flourish
April 23, 2021
According to a new report from Kenneth Research, the smartphone accessories market is expected to experience skyrocketing growth between now and 2025.
The report, released in early April 2021, includes input from stakeholders, industry experts and companies in the smartphone accessory market, and analyzes smartphone accessories by category. It also covered the impact of Covid-19 on the market and how it is expected to recover.
Overall, the news is very positive: the accessories market as a whole is projected to show a compound annual growth rate (CAGR) of 8.16 percent between now and 2024.
According to the data in their report, the Headphone and Earphones faction of the smartphone accessories market is one of the fastest growing segments in accessories. The report attributes this growth to the growing availability of different options based on specific need, with increased demand for headphone options compatible with fitness apps, healthcare, personal assistance, hands-free voice command capability, high-definition sound for music aficionados and other advancements.
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