Growth of selfie accessories market globally due to proliferation of smartphones

Technology - Mohit Shah - Oct 04,2017

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growth of selfie accessories market globally due to proliferation of smartphones

The global selfie accessories market is expected to advance at a high double-digit CAGR and surpass US$ 6.3 bn during the forecast period 2017-2025.

Currently, the craze among consumers for taking seamless selfies is indeed the primary driving factor which is motivating the growing demand for selfie accessories. According to active reports, increasing production of smartphones is another important factor which is leading the global selfie accessories market to a higher ground.

Smartphone manufacturers have started to stress on the selfie feature, with the offering of a major range of smartphones to cater the demands of the modern population. Further, among the various USPs of selling a smartphone, global manufacturers are seriously relying on high-res selfie cameras, suggesting an important shift from primary to secondary camera. It has been analyzed that, the global selfie accessories market is expected to grow at a high double-digit CAGR during the period between 2017 and 2025; at this pace, the market is likely to surpass US$ 6.3 bn by revenues by the end of the stated forecast period.

Interestingly, since selfie sticks are compatible with both Android and iOS phones, their requirement is quite immense in today’s time. The demand is, however, higher among users with Android phones. As per analytics, considering the compatibility mode, the Android segment is likely to grow at nearly 17% CAGR until 2025; accounting almost US$ 4.5 bn in revenues.

Further, looking at the various selfie accessories including sticks, light, drones, clip-ons and remote shutter, selfie sticks account for the major revenue share. Moreover, the region of Asia Pacific is expected to retain its position as the key market in the global selfie accessories industry due to the presence of a large number of manufacturers from this sector.  

 

For more information on this report visit-  https://www.mrrse.com/selfie-accessories-market