Accessories Get Smarter as Smartphones Drive More than 50% of Accessory Revenues
New York, New York - 08 Mar 2012
Smartphones will drive $20 billion in aftermarket accessory revenues in 2012, accounting for more than half of the $36 billion that all aftermarket handset accessories will produce. By 2017, smartphone accessories will grow to $38 billion in revenues, while feature phone accessory revenues decline to $12 billion. “The increasing penetration of smartphones is driving a more ubiquitous digital consumer who expects the data capabilities of the smartphone to be available in any device with which the smartphone interacts,” says Michael Morgan, senior analyst, mobile devices.
Feature phone consumers will spend an average of $28.17 on accessories per device, while smartphone owners will spend $56.18 on accessories per device. The difference in spending is driven by a combination of consumers spending more per accessory and purchasing more accessories for smartphones as compared to feature phone owners.
Smart accessories do not represent a unique segment, but are the results of accessory OEMs adapting traditional accessory value propositions to a new data-centric usage paradigm. Consumers continue to use accessories as they always have, but increasing capabilities and expectations of consumers and their devices are changing the way accessories are designed. “To address this shift in consumer behavior, accessories must focus on delivering tighter integration with smartphone functionality and features offering a more intelligent accessory product or smart accessory,” says Kevin Burden, vice president and practice director, mobile devices.
ABI Research’s report, “Mobile Handset Accessories,” focuses on key handset accessories and the market for these products, including in-depth analysis for both in-box as well as aftermarket handset accessories. It also examines key market drivers and barriers to growth, acquisition channels, technological trends, and future market potential for handset accessories.
It is part of ABI Research’s Smartphones & Mobile Devices Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
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