Africa Mobile Phone Accessories Market Growth Accelerated by 5G Adoption
Mobile phone accessories play a vital role in mobile experience and functionality. Accessories such as screen protectors, battery packs, chargers, earphones, etc are essential to safeguard mobiles and enhance their usage. Rapid adoption of 5G technology has accelerated data consumption, requiring frequent charging and usage of earphones for streaming content. The growing online content consumption and proliferation of digital services are propelling the demand for compatible accessories in Africa.
The global Africa Mobile Phone Accessories Market is estimated to be valued at US$ 3552.24 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The primary market trend fueling the Africa mobile phone accessories market is the widespread adoption of 5G technology across Africa. 5G allows extremely fast internet speeds and supports technologies like augmented reality and virtual reality which consume heavy data and battery. This has increased the requirement of power banks, fast chargers and premium earphones in the region. It is estimated that 5G connections in Africa will grow from 13 million in 2020 to around 130 million by 2025. The proliferation of online video and audio streaming services due to affordable data plans is further driving the demand for headphones and earphones. Smartphone manufacturers are also focusing on developing smartphones with longer-lasting batteries and faster charging capacity. However, continuous usage depletes battery quickly requiring additional battery packs. Hence, growing reliance on smartphones and mobile applications are expected to intensify the demand for phone accessories in Africa over the forecast period.
Segment Analysis
The Africa mobile phone accessories market is divided into protectors, power banks, headsets/earphones, chargers, memory cards/flash drives, batteries, speakers/docks, and data cables. The protectors sub-segment currently dominates the market as protective covers and screen guards are essential accessories to prevent damage to expensive mobile phones. Additionally, low-cost protective cases and screen guards are easily available, driving the protectors segment.
Key Takeaways
The global Africa Mobile Phone Accessories Market Size is expected to witness high growth.
Regional analysis related content comprises growth of mobile phone usage, rising disposable incomes, and favorable demographics are driving the Africa mobile phone accessories market. East Africa is expected to grow the fastest due to improving standards of living and widespread adoption of smartphones in countries like Kenya and Ethiopia.
Key players operating in the Africa mobile phone accessories market are IBM Corporation, Microsoft Corporation, Oracle Corporation, Software AG, Tibco Software Inc.
Explore more related article on this topic: https://www.newsanalyticspro.com/africa-phone-accessories-market-share-analysis/
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