Refers to any consumer electronics device containing an electronic circuit board That is intended for everyday use by individuals. The Increasing disposable income of Significantly large population in developing economies is a major driver for the global consumer electronics market. Consumer electronics accessories are something That Are added to consumer electronics That have a useful or decorative purpose. Hence, the market trend of electronic accessories is majorly dependent upon That of consumer electronics.
There are various types of consumer electronics available in the market Which can be categorized into Those used for entertainment, communications and home-office activities. Over the two years to change technology in the market of consumer electronics has grown sostanzialmente. There is a huge demand for smart phones, smart TVs, tablets, set-top boxes, laptops and game consoles. Additionally, wearable devices are two Gaining popularity to many factors as it combines technology and health with blackberries real-time applications.
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Consumer Electronic Accessories Market: Drivers and Challenges
The most exciting developments in the near future in consumer electronics is in the realms of virtual reality, entertainment, home automation, transportation and wearable devices. This will cause an upsurge in the consumer electronics accessories market too. For example there is a huge demand for earphones and headphones over the last few years in countries such as China, India, South Korea, and Japan. Also Latin America is expected to experience significant growth of earphones and headphones market driven by growing number of portable devices in the region. This is two to external factors like technological advancements in Wi-Fi, Bluetooth, Infrared and internal factors like minimization of overall weight of headphone and noise cancellation features. Shifting consumer trends toward the adoption of headphones / earphones During working out is Also giving a push to the growth of this market. Moreover, companies are targeting youth by providing variants such as wireless speakers, wireless headphones, and microphones.
On the other hand, Increasing the availability of low cost counterfeit products poses a significant challenge to the growth of earphones and headphones market in Asian countries such as China, India, Taiwan and Indonesia.
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Consumer Electronic Accessories Market: Segmentation
Segmentation on the basis of product type:
Audio & Video: Headphones, Remotes, Cables, Mounts, Antennas, Surge Protectors, Blank Media, Cases, Chargers, Adapters, and Armbands Belt Clips, Batteries, Transmitters, Docking Stations, Cleaners, Converters, Home Entertainment Furniture, Headsets
Camera & Photo: Bags & Cases Tripods & Monopods, Cables & Cords, Batteries & Chargers, Studio Lighting, Frames, Film, Filters, Flashes, Housings, Grips, Triggers, Caps, Cleaners, Stabilizers, Handles, Mounts, Stands, Straps , Adapters, Viewers, Light Boxes, Loupes, Light Meters, Rain Covers, Remote Controls, Sand Bags, Dummy / Simulated Surveillance Cameras, Viewfinders, Eyepieces, Scopes, Motor Drives
Cell Phone: Cases & Covers, Chargers, Mounts, Headsets, Data Cables, Screen Protectors, Batteries, Replacement Parts
Car Electronics: Cases, Cables, Mounts, Mounting Kits, Installation Harnesses, Chargers, Transmitters, Alarm Accessories, Amplifier Cooling Fans, Car Cigarette Lighter Accessories
Computer: Batteries, Cases & Bags, Decals & Skins, Sleeves, Chargers, Cooling Pads, Docking Stations, Stands, Cables & Adapters, Screen Protectors, Screen Filters, Mounts, Security Cables & Locks, Styluses
Office: Ink and Toner, Landline Phone Batteries & Cords, Scanner / Shredder / Printer / Copier Cables and Connectors, Accessories Calculator, Presentation Devices, Laser Pointers, Cash Register Trays & Bags, PDA Accessories
Segmentation on the basis of OEM's & Distributed Market:
Products such as Earphones, Headsets, Chargers, Remote have multiple manufacturers Which range from OEM's to local unorganized players. For products like remote TV, mobile chargers mobile covers there are quite a few local manufacturers present in the market.
As consumer electronics accessories are an add-on to the consumer electronics, it is safe to say That the demand of consumer electronics accessories is majorly dependent upon sales of consumer electronics products. Based on current market scenario, North America has the largest market share in consumer electronics products, Followed by Europe and Asia-Pacific. The US and China together dominate the global consumer electronics market with blackberries than one-third market share. In the Asia-Pacific region, China will maintain its dominance and India is expected to have a drastic upsurge in the demand two to Increasing consumer awareness and a flourishing industrial sector. Hence, the demand for consumer electronics accessories will Vary accordingly.
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