Selfie Accessories Market
Selfie Accessories Market By Compatibility (Android and IOS), By Sales Channel (Online Stores and Offline Stores), and By Region- Global Market Report (2024 to 2034)
Analysis of Selfie Accessories Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Selfie Accessories Market Outlook (2024 to 2034)
The selfie accessories market is estimated to be valued at US$ 3250.6 million in 2024. The market is expected to expand at a CAGR of 15.90% through 2034 and is set to reach an impressive size of US$ 14,236.2 million from 2024 to 2034. Increasing social media usage and the popularity of influencer culture fuel growth in the global selfie accessories market.
The trend of using social media and the consequent rise of influencer culture is driving the market for various tools and accessories that not only enhance the quality of photos and videos but also allow individuals to craft more curated and engaging online content. This helps them stand out and connect with their audience.
The demand for selfie accessories has skyrocketed in the last few years. This rise is also attributed to the advancements in smartphone camera technology, which is eventually spurring interest in capturing high-quality and creative self-portraits. Selfie accessories, which include selfie sticks, ring lights, tripods, remote shutter releases, phone mounts, etc., are also used in travel photography, vlogging, live streaming, product reviews, and DIY projects.
Apart from this, selfie accessories also find their application in the tourism and hospitality sectors, where hotels and travel agencies use selfie accessories for guest engagement and promotional content. Fitness trainers and wellness influencers also utilize these accessories for workout tutorials and progress tracking.
The selfie accessories market generated an estimated revenue of US$ 1742.9 million in 2019. In five years, the market grew at a pace of 13.26% CAGR and added a staggering revenue of US$ 1507.7 million.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 3,250.6 million |
| Forecasted Market Value (2034F) | US$ 14,236.2 million |
| Global Market Growth Rate (2024 to 2034) | 15.90% CAGR |
| Android Segment Growth Rate (2024 to 2034) | 63.10% |
| Offline Stores Segment Growth Rate (2024 to 2034) | 74.30% |
| North America Market Share (2024) | 25.80% |
| East Asia Market Share (2024) | 30.70% |
| Key Companies Profiled |
|
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What is Stimulating the Global Surge in Demand for Selfie Accessories?
“Social Media Culture to Complement the Demand for Selfie Accessories”
The prevalence of a multitude of social media platforms, such as TikTok, Facebook, Snapchat, Instagram, etc., has transformed the way individuals communicate and express themselves. This has driven individuals across the world to post aesthetically pleasing photos and videos on their social media handles. Selfie accessories help them achieve this goal by offering tools and enhancements that contribute to the visual appeal of their self-portraits. This has been one of the major drivers for the growth of this market.
The emergence and success of influencers and content creators across various niches have also positively affected the selfie accessories market. The desire to click pictures has increased the demand for selfie accessories among individuals who aspire to replicate visually appealing content created by influencers. These accessories not only enable users to capture high-quality and engaging content but also help them stand out in a crowded digital landscape.
“Smartphone Camera Advancements and Technological Innovations in Selfie Accessories to Amplify Market Growth”
Smartphone camera technology has significantly improved in the last few years. Higher resolutions, improved low-light performance, and enhanced image processing have empowered users to capture professional-quality photos and videos directly from their smartphones. This emphasis on mobile photography has also elevated the demand for selfie accessories among the general population all over the world.
The selfie accessory industry is also largely influenced by technological advancements in the electronics industry. Manufacturers and designers regularly introduce new features and materials to stay ahead of consumer expectations and preferences. Selfie sticks now come with Bluetooth-enabled remote controls, enabling users to capture shots from a distance. These types of innovations are amplifying the market growth for selfie accessories in the global landscape.
Which Factors are Restraining the Expansion of the Selfie Accessories Market?
“Environmental Impact, Short Product Lifecycle, and Saturation and Competition to Slow Down Market Growth”
One of the biggest restraints slowing down the selfie accessories market growth is the environmental impact it has on the surroundings. These pieces of equipment are usually made of plastic or other non-biodegradable materials. The production and disposal of electronic accessories contribute to electronic waste. This is very likely to keep a substantial number of eco-conscious consumers and businesses away from the market.
Apart from this, the market also faces the challenge of intense competition. This leads to lower profit margins, which proves detrimental for smaller companies and makes it difficult for new entrants to establish a foothold. Besides this, the selfie accessories market relies heavily on smartphone sales. Any disruptions in this could significantly impact the overall demand for these accessories.
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Country-wise Insights
The North American selfie accessories market is poised for exceptional growth, projecting a CAGR of 16.2% through 2034. The surge is primarily attributed to the increasing demand for selfie accessories in key countries, notably the United States and Mexico. In 2024, the United States will dominate the selfie accessories industry with an estimated 69.10% market share. Meanwhile, the East Asian selfie accessories market is anticipated to exhibit substantial progress, aiming for a 17% CAGR through 2034. In this region, China emerges as the key player in the industry, commanding a significant share of 63.50% in 2024.
Why is the Demand for Selfie Accessories Increasing in the United States?
“Tech Innovation Hub, and Media and Entertainment Industry to Augment Growth”
| Attribute | Details |
|---|---|
| Market Value in 2024 | US$ 579.5 million |
| CAGR (2024 to 2034) | 16.3% |
The North American market stood at US$ 838.7 million in 2024, acquiring a revenue share of 25.80%, and is further projected to expand at a CAGR of 16.20% through 2034. The United States selfie accessories market is estimated to be worth US$ 579.5 million in 2024 and is projected to rise at a CAGR of 16.3% through 2034.
The United States is blessed with several drivers, making it the leading country in the selfie accessories market. The country has one of the most advanced technological and innovation hubs, which fosters the development of cutting-edge selfie accessory designs and features. This has attracted a substantial number of consumers, especially the younger demographic, looking for the latest and most advanced tools. The market is also influenced by the prevailing media and entertainment industries in the country. Trends set by celebrities contribute considerably to the widespread adoption of selfie accessories in the country.
Why is China Commanding the East Asian Selfie Accessories Market?
“Large Population and Consumer Base, and Influence of Social Media and KOLs”
| Attribute | Details |
|---|---|
| Market Value in 2024 | US$ 633.7 million |
| CAGR (2024 to 2034) | 17.20% |
The Chinese selfie accessories market is estimated to be worth US$ 633.7 million in 2024, garnering a share of 63.5% in the East Asian region, and is likely to record a CAGR of 17.20% through 2034.
China is home to one of the largest populations in the world. The sheer enormity of the population is enough to make it one of the leading markets in the East Asian region. Besides this, social media platforms like WeChat, Weibo, and Douyin (the Chinese version of TikTok) have a massive user base in China. These platforms have forced individuals to use selfie accessories for creative content production, hence amplifying the market growth.
Category-wise Insights
Based on compatibility, the Android segment is estimated to hold a 63.10% market share in 2024. Simultaneously, the IOS segment is anticipated to secure a 36.90% share, contributing significantly to the market's resource diversity and stability. Based on the sales channel, the offline stores segment marks its dominance in the selfie accessories market, with a share of 74.30% in 2024.
Why is the General Population Relying on Offline Stores for Buying Selfie Accessories?
“Immediate Availability and Avoidance of Shipping Costs Makes”
| Attribute | Details |
|---|---|
| Market Share in 2024 | 74.30% |
Despite the emergence of online platforms in developing and developed countries, individuals across the world are opting for offline stores for selfie accessories. Offline stores provide customers with the opportunity to physically handle and test selfie accessories before making a purchase. This allows for better decision-making based on the feel and functionality of the products.
In some parts of the world, the eCommerce sector is not well developed. In such areas, consumers can visit a nearby store, browse through the available options, and purchase the item without waiting for shipping or delivery. They can also receive personalized assistance from store staff, who can provide information about different accessories. This personalized assistance suits amateur consumers or those who may have limited experience with online shopping.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The global market for selfie accessories consists of a multitude of companies, such as SelfieStickCo, SnapLens Innovations, InstaGlam Gadgets, SmileSnapper Tech, VanityVista Accessories, etc. These companies have a strong foothold in the market due to their prolonged existence and experience. These companies also invest billions of dollars in the research and development of innovative features in the accessories to cater consumers’ demands. Small companies depend on these innovations and hold a significant part of market valuation. These companies curate cheap, counterfeit products that suits the interests of individuals who don’t want sophisticated products.
Recent Developments
- On May 9, 2022, Snap, the company behind Snapchat, launched Pixy, a pocket-sized drone designed for selfies weighing 101 grams with simple controls; it featured a recall function by raising the user's palm.
- In a recent announcement, Insta360 unveiled Insta360 Flow, an AI-tracking smartphone stabilizer featuring 3-axis gimbal stabilization. The all-in-one tool includes a built-in selfie stick, tripod, and cold shoe for content creators.
Selfie Accessories Industry Survey by Category
-
By Compatibility:
- Android
- iOS
-
By Sales Channel:
- Online Stores
- Offline Stores
-
By Product Type:
- Selfie Sticks
- Selfie Light
- Selfie Drones
- Selfie Remote Shutter
- Clip-on Camera
-
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
- FAQs -
What was the Value of the Selfie Accessories Market in 2019?
The global selfie accessories market was worth US$ 1,742.9 million in 2019.
What is the Sales Outlook for Selfie Accessories in 2024?
The sales outlook for selfie accessories is likely to be valued at US$ 3,250.6 million in 2024.
What is the Demand Forecast for Selfie Accessories by 2034?
The demand for selfie accessories is projected to reach a market value of US$ 14,236.2 million by the end of 2034.
What is the Growth Projection for the Selfie Accessories Market?
The adoption of selfie accessories is projected to rise at a CAGR of 15.90% through 2034.
At What Rate is the Market in North America Predicted to Grow?
The North American market for selfie accessories is forecasted to expand at a CAGR of 16.20% through 2034.
Selfie Accessories Market
*Mail attachment includes 192 figures & 64 tables