key Trends in India’s Mobile Phone Accessories
Wireless headphones & earphones expected to gain popularity amongst consumers
Revenues from the headphone/earphone segment in India to reach a market valuation in excess of $550mn by 2026, representing a CAGR of 10.8%. The headphone/earphone segment is estimated to create incremental dollar opportunity of $379.3mn between 2016 and 2026
Adoption of turbo chargers and wireless chargers are a growing trend
Revenues from the charger segment likely to be valued at more than $575mn by 2026, representing a CAGR of 9.9%. Turbo chargers capable of charging mobile devices at faster speeds are witnessing rapid adoption amongst consumers in India. The charger segment is estimated to create incremental dollar opportunity of $356mn between 2016 and 2026.
Memory card segment is expected to witness a steady growth rate
Revenues from the memory cards segment in India to reach over $ 350mn by 2026, representing a CAGR of 9.9%. The memory card segment is estimated to create incremental dollar opportunity of $ 219.7mn between 2016 and 2026.