Monday, April 25, 2016
Mobile Phone Accessories Market on the Rise
Dedicated Sound and Audio is a Lake Forest, California-based company that focuses on innovation in audio technology, especially flat panel speakers that can be installed in ceilings, behind drywall, or even in picture frames. Increasingly, Dedicated Sound and Audio is focusing on innovations in mobile device technology, including speakerphone cases.
The mobile phone accessories market has been increasing rapidly in the past few years as more and more people are buying smartphones. The youth market is particularly robust for phone accessories, which are now more readily available than ever online.
Future Market Insights reports that protective smartphone cases account for about 20 percent of the global phone accessory market share, while earphones take 16.9 percent and portable speakers take 6.5 percent. Between 2015 and 2025, the global mobile phone accessories market is expected to grow by about 6.9 percent per year, a considerably high rate of growth. Innovations in this field of technology will likely be in high demand as mobile phone prices go down, driving up the desire for more accessories.