Things to know about Mobile Phone Accessories

 

Mobile Phone Accessories Market
Mobile Phone Accessories Market

Mobile phones and mobile phone accessories include cellphone handsets, replacement batteries, cell phone chargers and cables, hands free sets, as well as protective and decorative covers.

Mobile phones can be purchased as part of a combined phone and service contract, with the user being invoiced for their cell phone usage with the cost of the cell phone itself factored in. Mobile phones can be purchased outright without any service supplied; call service can then be arranged on either a pre-paid or contracted post-paid basis. Mobile phones connect to service provider networks via ‘SIM’ cards, but may sometimes use CDMA or satellite services. Some mobile phones are only able to connect to a designated service supplier network; these phones are characterised as ‘locked’. Other ‘unlocked’ mobile phones are able to be used with any service network.

The global mobile phone accessories market is estimated to be valued at US$ 92,762.1 million in 2021 and is expected to exhibit a CAGR of 7.3% over the forecast period (2021-2028).

Mobile phones have increasing become highly desirable fashion and status items. Different mobile phones are marketed heavily to carefully targeted segments of potential customers. Some cell phones are marketed on their functionality, while others are marketed on their style and fashionability. Mobiles phones are increasingly acting as multi-function devices, and are capable of taking, sending and receiving images and video, are able to hold and play music, are able to browse the internet and download special phone applications – or ‘apps’ – for even greater functionality. Mobile phones can contain additional services such as ‘bluetooth’ file exchange technology, and may be used to provide wireless ‘wifi’ connectivity for personal computers.

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