Electronics Accessories Market 2015 | Scope of Current and Future Industry 2025

(FMI) delivers key insights on the Middle East electronics accessories market
in its latest report titled ‘Electronics Accessories
Market: Middle East Industry Analysis and Opportunity Assessment, 2015
– 2025’. In terms of value, the Middle East electronics
accessories market
 is projected to register a healthy CAGR of 5.4% during
the forecast period due to various factors, regarding which FMI offers vital
insights in detail in this report. Besides, the Middle East electronics
accessories market is projected to register a CAGR of 6.5% in terms of volume
during the forecast period. Players in Middle East are developing specific
products such as headphones and earbuds and aesthetically designed electronic
devices. Demand for earbuds and headphones that offer superior noise
cancellation is expected to significantly rise among the increasing number of
audiophiles in the regions in the near future.

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The Middle East electronics accessories market is segmented on the basis of product
type, end use, price range, distribution channel and region. On the basis of
product type, the market has been segmented into mobile phone accessories,
computer accessories and automotive infotainment accessories. In terms of
value, the mobile phone accessories segment has been estimated to account for
62.7% share of the Middle East electronics accessories market by 2015 end.
Also, the automotive electronics segment in the region is witnessing a
significant surge in its growth, and thereby is expected to record
sustainable growth in the near future. High volume
of car sales is, in turn, expected to further drive sales of automotive
infotainment systems over the next five to six years in these regions.

Growth of
the Middle East electronics accessories market is mainly driven by proliferation of
connected devices, increasing disposable income of consumers in urban areas in GCC
and growing Internet penetration, which in turn is leading to the rising
preference of consumers towards online retail in these regions. Increasing
adoption of mobile devices amongst the youth in the GCC region is providing significant stimulus
for growth of the electronic accessories market in the region.

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This report covers trends driving each segment and offers analysis and insights on the
potential of electronics accessories in all the countries covered under Middle East. In terms
of revenue share contribution, GCC region has been estimated to dominate the
electronics accessories market throughout the forecast period. This is
primarily attributed to the large number of
affluent consumers in the region, coupled with technological advancements,
which in turn are leading towards increased demand for connected devices such
as tablets and smartphones. In view of the increasing proliferation of these
devices in Middle East market, demand for accessories such as headphones, power
banks and others is expected to increase significantly over the next five to
six years in these regions.

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Key players

In the Middle East electronics accessories market include Samsung
Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Panasonic
Corporation, Clarion Co., Ltd., Pioneer Corporation, LG Electronics Inc.,
Logitech international S.A., Astrum Holdings Limited and Intex Technologies
India Ltd. A large number of players operating in the electronics accessories
market are focused on entering into collaborations and partnerships with local
distributors and retailers in order to enhance their market presence in the
Middle East countries. Moreover, such collaborations and partnerships also
enable the companies to increase their product visibility across the regions.

 

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