Latin America Mobile Accessories Market Size & Outlook
Latin America mobile accessories market, 2017-2030 (US$M)
Related Markets
Latin America mobile accessories market highlights
- The Latin America mobile accessories market generated a revenue of USD 8.7 million in 2021.
- The market is expected to grow at a CAGR of 5.3% from 2022 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2021.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 8.7 million |
| Market revenue in 2030 | USD 13.8 million |
| Growth rate | 5.3% (CAGR from 2021 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | Belkin International, Harman International, Samsung Electronics Co Ltd, Apple Inc, Alphabet Inc Class A, Western Digital Corp, AUKEY |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.6% of the global mobile accessories market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 72.4 million by 2030.
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Mobile Accessories Market Scope
Mobile Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America mobile accessories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile accessories market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 71.26% in 2021. Horizon Databook has segmented the Latin America mobile accessories market based on online, offline covering the revenue growth of each sub-segment from 2017 to 2030.
According to the GSM Association, the region had a smartphone adoption rate of more than 77% in 2021, which is expected to reach 82% by 2025. Additionally, the region had 37 million new mobile subscribers in 2021.
The deployment of 5G is increasing in Latin America, which is anticipated to significantly accelerate new 5G smartphone sales in the region over the next several years. 5G adoption was 11% in 2021, which will reach 82 million by 2025.
Additionally, the presence of a robust distribution network, including multi-brand stores and online retailers of mobile phones and accessories, along with the decline in the selling price of smartphones and accessories, are anticipated to expedite the growth of the mobile accessories market during the forecast period.
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Our clientele includes a mix of mobile accessories market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mobile accessories market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mobile accessories market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mobile accessories market size, by country, 2017-2030 (US$M)
Latin America Mobile Accessories Market Outlook Share, 2021 & 2030 (US$M)
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