Wireless — the future of Indian mobile accessory market

The advent and establishment of advanced technology in India has subsequently replaced the era of accessories like cassettes, CDs, Walkman, Discman, etc. The rapid growth in mobile phone usage has created a thriving market demand for mobile accessories globally; prompting higher business sector growth. The global mobile accessories market is anticipated to enlist a high compound annual growth rate (CAGR) of 6.9 percent between 2015 and 2025 over the key locales of North America, Western Europe, Latin America, Asia Pacific barring Japan (APEJ), Eastern Europe, Japan, and the Middle East and Africa.

Image: Shutterstock
Image: Shutterstock

Inclination towards comfort and ease is drawing demand for wireless smartphone accessories, particularly headphones and chargers. Despite the fact that the demand for wireless technology is presently concentrated in advanced countries, it is expected to become much more popular in India, regardless of high costs of such gadgets. The transition will be amazing in the wireless headphone and earphone market. The new technology has increased the efficiency and convenience in this area. However, in the upcoming decade, various kinds of accessories will gain more market share resulting in revenue of more than 10 percent.