What Is The Definition Of The Global Mobile Phone Power Accessories Market?
Mobile phone power accessories refer to devices or products designed to provide additional power to mobile phones, enabling users to charge their devices on the go without needing a wall socket. These accessories enhance the convenience and usability of mobile phones by extending their battery life during travel or when away from traditional power sources.
Mobile Phone Power Accessories Global Market Report 2024 provides data on the global mobile phone power accessories market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mobile phone power accessories market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Mobile Phone Power Accessories Market Size Expected To Change, And What Are The Growth Rate Projections?
The mobile phone power accessories market has experienced steady growth, expanding from $34.91 billion in 2023 to $37.48 billion in 2024 at a CAGR of 7.3%. This growth has been fueled by increasing smartphone penetration, technological advancements, rising disposable income, the proliferation of e-commerce, and growing mobile usage. By 2028, the market is anticipated to reach $50 billion, with a CAGR of 7.5%. Growth in the forecast period is expected to be driven by the rollout of 5G, rising mobile users, advancements in technology, sustainability initiatives, and the emergence of IoT devices. Notable trends include wireless charging, fast charging solutions, portable power banks, eco-friendly products, multifunctional accessories, and smart power management features.
Which Drivers Are Accelerating Growth In The Mobile Phone Power Accessories Market?
The rising adoption of smartphones is projected to spur the growth of the mobile phone power accessories market. Smartphone usage is expanding due to factors like enhanced user experience, competitive pricing, and improved internet access. Power accessories such as portable chargers are in high demand to support extended battery life and continuous usage. Uswitch Limited reported that the number of mobile connections in the UK increased by 3.8% in 2023, with 95% of the population expected to own smartphones by 2025, which will further drive the market for mobile phone power accessories.
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What Are The Core Segments Of The Global Mobile Phone Power Accessories Market?
The mobile phone power accessories market covered in this report is segmented –
1) By Product Type: Power Banks, Wireless Chargers, Battery Cases, Portable Chargers
2) By Charging Capacity: Below 5,000 mAh, 5,000 to 10,000 mAh, Above 10,000 mAh
3) By Distribution Channel: Online Retail, Offline Retail
Which Emerging Trends Are Reshaping The Mobile Phone Power Accessories Market Size?
Major mobile phone power accessory manufacturers are introducing sustainable charging devices to cater to increasing demand for environmentally friendly products. These devices are designed to reduce environmental impact, enhance energy efficiency, and utilize sustainable materials. In September 2021, HARMAN International, a US-based audio electronics company and a subsidiary of Samsung Electronics, launched the InfinityLab range. This eco-friendly product line, made from 90% recycled plastic, includes wall chargers, power banks, wireless stands, and loudspeakers. Additionally, it features SB-A, USB-C, and Lightning cables made from recycled polyester yarn.
What Is The Largest Region In The Mobile Phone Power Accessories Market?
Asia-Pacific was the largest region in the mobile phone power accessories market in 2023. The regions covered in the mobile phone power accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
