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. This represents a compound annual growth rate of 15.9% over the eight year period of study 2017 - 2025.
Persistence Market Research analyzes this significant market growth and studies the various factors that are responsible for the surge in demand for selfie accessories in the global market in a new report titled "Global Market Study on Selfie Accessories: Selfie Sticks to Lead in Terms of Revenue Among the Product Type Segments."
Global Selfie Accessories Market: Segmentation & Forecast
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%.
On the basis of Sales Channel, the global selfie accessories market is segmented into Online Stores and Offline Stores. Persistence Market Research analysis points to Online Stores being the most preferred channel for the purchase of selfie accessories, with a segmental revenue contribution of US$ 3,827.0 Mn by the end of the forecast period in 2025.
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.
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