Rising Disposable Incomes and Tech Advancements Drive Global Selfie Stick Market to $740 Million by 2028

DUBLIN, Nov. 6, 2023 /PRNewswire/ — The “Selfie Stick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ report has been added to  ResearchAndMarkets.com’s offering.

The global selfie stick market reached a size of US$ 610 million in 2022 and is expected to grow to US$ 740 million by 2028, with a Compound Annual Growth Rate (CAGR) of 3% during the period from 2023 to 2028, according to a recent market report.

A selfie stick is a device used for extending the reach of a smartphone or digital camera to take self-portraits or capture wider shots. It can be connected to the device via a jack plug or operated through Bluetooth controls, allowing users to take photos or record videos with ease. These portable and cost-efficient accessories have gained popularity due to their ability to provide stability and minimize motion blur, making them a favorite among photography enthusiasts.

The market’s growth can be attributed to factors such as rising disposable incomes, increased sales of consumer electronics, including smartphones and digital cameras, and ongoing innovations in selfie stick technology. For instance, Thinkmodo, Inc., a U.S.-based marketing firm, introduced a selfie stick with built-in features like a fan and beauty lights to enhance image quality and create a studio-like effect. Additionally, the thriving travel and tourism industry has contributed to the market’s expansion.

Key Market Segmentation:

The report offers insights into key market segments, including product type, application, and distribution channel.

Breakup by Product Type:

Remote-Triggered Selfie StickWired Selfie StickBluetooth Selfie Stick

Breakup by Application:

Mobile PhoneCamera

Breakup by Distribution Channel:

Online StoresOffline Stores

Breakup by Region:

North AmericaUnited StatesCanadaAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and Africa

Competitive Landscape:

The competitive landscape of the market features key players such as Anker, Fromm Works, Fotopro, KobraTech, Kootek, Momax, Mpow, Satechi, Thinkmodo Inc., Xiaomi, and more.

Key Questions Answered in This Report:

How has the global selfie stick market performed, and what are the growth expectations for the coming years?What are the key regional markets for selfie sticks?How has COVID-19 impacted the global selfie stick market?What are the market segments based on product type, application, and distribution channel?What are the driving factors and challenges in the industry?Who are the key players in the global selfie stick market, and what is the level of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/bokpuq

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SOURCE Research and Markets