What Has Been the Growth of the Mobile Accessories Market So Far?
The mobile accessories market has seen considerable growth due to a variety of factors.
• In previous years, the mobile accessories market has seen considerable growth. Its size is projected to increase from $252.92 billion in 2024 to $273.07 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%.
Factors such as the widespread use of smartphones, fashion and customization trends, the expansion of e-commerce, growing concerns about mobile device durability, and the integration of various functions contributed to its growth during the historic period.
What Are the Future Growth Projections for the Mobile Accessories Market?
The mobile accessories market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the mobile accessories market size is anticipated to exhibit robust growth, reaching $352.3 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%.
Factors contributing to this growth during the forecast period encompass the surge in gaming accessories, the incorporation of augmented reality (AR) and virtual reality (VR), a focus on sustainable and eco-friendly accessories, health and fitness monitoring accessories, as well as enhancements to smartphone cameras. The forecast period also anticipates major trends such as quick product innovation, adoption of 5G technology, the ascendancy of wireless technology, technological progress, and the advent of wireless charging technology.
What Are The Core Factors Supporting Growth In The Mobile Accessories Market?
The boost in smartphone demand is predicted to accelerate the mobile accessories market's expansion in the future. A smartphone is seen as a portable gadget that merges cell phone capabilities with personal computing. Mobile accessories promote smartphones' utility and usability by offering extra functionalities, protective measures, and personalization. For example, Uswitch Limited, a financial conduct authority in the UK, recorded in November 2023 that 71.8 million mobile connections have been made starting from 2022 in the UK. This represents a growth of 3.8% or roughly 2.6 million connections compared to 2021. It is predicted that by 2025, the UK's population will be 68.3 million and an estimated 95% of them equivalent to nearly 65 million will be smartphone users. As such, the escalating smartphone demand is facilitating the mobile accessories market's growth.
Mobile Accessories Market Driver: The Thriving E-commerce Sector Fosters Strong Development In The Mobile Accessories Market
What Are The Major Segments Within The Global Mobile Accessories Market?
The mobile accessories market covered in this report is segmented –
1) By Type: Earphones Or Headphones, Charger, Power Bank, Protective Cases, Other Types
2) By Price Range Outlook: Premium, Medium, Low
3) By Sector: Residential, Commercial, Industrial, Retail, Hospitality, Health Care
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Earphones or Headphones: Wired Earphones Or Headphones, Wireless Earphones Or Headphones, Noise-Cancelling Earphones OrHeadphones, Bluetooth Earphones Or Headphones
2) By Charger: Wired Chargers, Wireless Chargers, Fast Chargers, Car Chargers
3) By Power Bank: Portable Power Banks, Solar Power Banks, High-Capacity Power Banks, Compact Power Banks
4) By Protective Cases: Hard Cases, Soft Cases, Wallet Cases, Battery Cases, Waterproof Cases
5) By Other Types: Screen Protectors, Stylus Pens, Mobile Stands And Holders, Bluetooth Speakers, PopSockets And Grips
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How Are Emerging Trends Reshaping The Dynamics Of The Mobile Accessories Market?
Leading firms in the mobile accessories sector have started to emphasize introducing eco-friendly mobile accessories to gain an upper hand in the market. These eco-friendly accessories are specifically designed and produced with a concentration on environmental sustainability, employing materials and manufacturing processes that reduce any ecological harm. As an example, Samsung Electronics Co. Ltd., a South Korean appliances enterprise, launched its Samsung Eco-Friends lineup in August 2023. This lineup is based on eco-aware principles with distinctive designs. The accessories have been crafted from recycled materials and are compatible with an array of Samsung products such as the Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle portable projector. The range showcases charming characters and designs, and includes partnerships with well-known brands and artists like TOILETPAPER, Keith Haring, Disney, Marvel, among others.
Who Are the Key Players In The Mobile Accessories Market?
Major companies operating in the mobile accessories market report are:
• Apple Inc.
• Google LLC
• Samsung Electronics Co.Ltd.
• Huawei Technologies Co. Ltd.
• Sony corporation
• Panasonic corporation
• JBL
• Western Digital Corporation
• ASUSTeK Computer Inc.
• Emerson Electric Co
• Signify Holding
• Harman International
• Logitech International S.A
• Bose corporation
• Anker Innovations Co. Ltd.
• Plantronics Inc.
• Sennheiser Electronics GMBH & Co. KG
• Belkin International Inc.
• Skullcandy
• HTC Corporation
• Aukey
• PopSocketsIncipio Group
• Kenwood corp.
• X-Doria
• Groovemade
• Spigen Inc.
• OtterBox
• TCL Communication
• UE Boom
What Is The Most Dominant Region In The Mobile Accessories Market?
North America was the largest region in the mobile accessories market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
