The concept of celebrating every occasion of life has increased the demand for capturing every moment on camera. Now-a-days, people click selfies on all the occasions such as weddings, birthday parties, vacations, get-togethers, and almost every other occasion. At all major events, there are selfie booths, where people can take pictures using different kinds of props. Such occasions prompt people to purchase accessories that can easily assist them in taking selfies.
The craze for the ubiquitous selfie is a boon for manufacturers of selfie accessories who are laughing their way to the bank. According to a recent market study by Persistence Market Research, the global selfie accessories market is anticipated to reach a market valuation of US$ 6,371 Mn by the end of 2025, up from US$ 1,963 Mn by 2017 end.
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Some of the main factors responsible for the growing demand for selfie accessories include –
Increasing applications of self-pictures used in buying insurance and also in other fields that necessitate the use of pictures
A rapidly growing use of selfie accessories in events such as weddings, birthdays, parties, etc.
Growing proliferation of social networking, leading to increasing consumer preference for posting selfies on social media sites such as Facebook and Instagram
A growth in the travel and tourism industry that makes clicking photographs including selfies a mandatory aspect of the holiday; and hence demonstrating a great need for selfie accessories
The general public craze to click selfies at almost every occasion in life
Innovation in selfie accessories including the supported technology and hardware
An increasing disposable income that makes it easier for people to invest in smartphones and smart devices, thereby facilitating the ease of taking selfies
A rapid rise in demand for photography and videography besides a growing demand for smartphones leading to an increased demand for selfie accessories
This 304 page report gives readers a comprehensive overview of the Selfie Accessories Market. Browse through Table. Browse through 112 figures and 24 data tables to unlock the hidden opportunities in this market.
The global selfie accessories market is segmented on the basis of Product Type into Selfie Sticks, Selfie Light, Selfie Drones, Selfie Remote Shutter, and Clip-on Camera. Selfie Sticks is the largest segment in terms of revenue generation in the global market, and is anticipated to reach a market valuation of US$ 2,524 Mn by the end of the forecast period in 2025. This segment will record a CAGR of 16.0% during the period of study.
The global selfie accessories market is segmented on the basis of Compatibility into Andriod and iOS. Android is the largest segment in this category, estimated to be valued at US$ 4,469.2 Mn by the end of 2025 with a CAGR of 16.9%.
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Persistence Market Research tracks the performance of the global selfie accessories market across the key Regions of North America, Latin America, Europe, Asia Pacific, and MEA. Asia Pacific is the largest market for selfie accessories in the global market, expected to be valued at US$ 683.9 Mn in 2017 and projected to reach a market valuation of US$ 2,365.9 Mn by 2025 end, representing a CAGR of 16.8% from 2017 to 2025. North America is the second largest regional market, with revenue expected to increase from US$ 517.9 Mn in 2017 to US$ 1,780.9 Mn by 2025 end, representing a CAGR of 16.7% from 2017 to 2025.
The report profiles some of the leading players operating in the global selfie accessories market such as Airselfie, SZ DJI Technology Co., Ltd., MPOW Technology Co., Ltd., Selfie Stick Gear, Anker Technology Co. Ltd., Looq System, Inc. ZEROTECH Intelligence Technology Co., Ltd., Momax Technology Ltd., Fromm Works Inc., and KobraTech.
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