Selfie Accessories Market Size, Share, Growth, and Industry Analysis, By Type (Android and IOS), By Application (Online Stores and Offline Stores) and Regional Insights and Forecast to 2032

Updated On: 29 April 2024

SELFIE ACCESSORIES MARKET REPORT OVERVIEW

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The global selfie accessories market size was USD 3515.3 million in 2022 and will reach USD 7539.1 million by 2028, growing at a CAGR of 13.6% during the forecast period.

Selfie accessories are tools used to refine the quality of the selfie photos taken by users. It helps them to make better, more entertaining online content. They include selfie sticks, tripods, ring lights, remote shutter releases or phone mounts and help to enhance the quality of the photo or video taken.

COVID-19 Impact: Market Growth Promoted by Pandemic due to Global Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The worldwide lockdown and social distancing measures reduced number of outdoor gatherings which caused people to keep in touch via smartphones more often and spending large amounts of time inside. This caused an increase in need for selfie accessories for recreation but also for work purposes leading to an increase in market growth.

LATEST TRENDS

"Rise in demand for convenient products boosts market size"

An emerging market trend is the increase in demand for selfie accessories that are lighter and more portable for ease of use. Manufacturers are making products that can easily fit into bags or purses and that also have direct sharing options with social media platforms to simplify the social media integration process as well.

SELFIE ACCESSORIES MARKET SEGMENTATION

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By Type

Based on type the global market can be categorised into Android and IOS

• Android: These accessories are more compatible with android devices with features like bluetooth, remote control and adjustable photo angles.

• IOS: These accessories are designed specifically for IOS systems and integrate easily with the icloud provide better camera features and easier sharing options

By Application

Based on application the global market can be categorised into Online Stores and Offline Stores

• Online Stores: Customers can browse through several options and choose the best one for their needs from the comfort of their home.

• Offline Stores: The advantage here is that customers can physically try out the products noting any issues and can take help from the sales people present.

DRIVING FACTORS

"Technological advancements boost market growth"

One of the driving factors that promotes Selfie Accessories Market Growth is the technological advancements in smartphone cameras with features like front facing cameras, portrait modes and image enhancement capabilities which has boosted the demand for these accessories as customers are looking for products to even further enhance their picture and video quality.

"Rise in use of social media platforms promote market growth"

Another driving factor is the rise in use of social media platforms such as Instagram, Facebook, Twitter and Snapchat and the rise in sharing of photos and videos in accordance with this. Users wish to click better higher quality selfies and videos leading to an increase in demand for selfie accessories.

RESTRAINING FACTORS

"Oversaturation of market may impede market growth"

A factor that may impede market growth is the oversaturation of the selfie accessory market with too many options and retail sites to choose from. This confuses customers as they find it harder to choose the right accessory and this leads to a decline in market growth.

SELFIE ACCESSORIES MARKET REGIONAL INSIGHTS

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"High tech savvy population and increasing internet penetration helps North America dominate"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America dominates the market holding a large portion of Selfie Accessory Market Share due to higher tech savvy population, increasing internet penetration, increase in number of smartphone users and a strong social media presence from this region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• DJI Technology (China)
• MPOW Technology (China)
• Anker Technology (China)
• Looq System (US)
• ZEROTECH Intelligence Technology (China)

INDUSTRIAL DEVELOPMENT

May 2022 Snap the company that owns Snapchat launched a pocket sized drone called Pixy designed specially for taking selfies. It weighed only 110 grams with easy to use features and recall button activated by raising the users palm.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.