The mobile phone power accessories market has demonstrated strong growth in recent years, with the market size projected to increase from $34.91 billion in 2023 to $37.48 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.3%. This historical growth can be attributed to the surge in smartphone penetration, technological advancements, rising disposable incomes, the proliferation of e-commerce, and increasing mobile usage. Looking ahead, the market is anticipated to expand to $50 billion by 2028, at a CAGR of 7.5%. The forecasted growth is driven by the rollout of 5G technology, a rise in mobile users, ongoing technological innovations, sustainability trends, and the emergence of IoT devices. Key trends in the forecast period include the advancement of wireless charging technologies, fast charging solutions, portable power banks, eco-friendly products, multifunctional accessories, and smart power management.
Global Mobile Phone Power Accessories Market Key Driver
Rising smartphone adoption is expected to drive the mobile phone power accessories market. The growing use of smartphones is driven by enhanced user experiences, competitive pricing, financing options, and increasing internet penetration. Mobile phone power accessories are essential for extending battery life and ensuring uninterrupted usage. According to Uswitch Limited in February 2024, the number of mobile connections in the UK rose to 71.8 million, reflecting a 3.8% increase from 2021. By 2025, 95% of the UK population is expected to own smartphones. This rise in smartphone adoption is fueling the growth of the mobile phone power accessories market.
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Global Mobile Phone Power Accessories Market Segments
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
By Geography:The regions covered in the mobile phone power accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the mobile phone power accessories market in 2023.
Major Mobile Phone Power Accessories Industry Players
Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group Limited, Panasonic Corporation, LG Electronics Inc., Xiaomi Corporation, Energizer Holdings Inc., Anker Innovations Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme, ZAGG Inc, Belkin International Inc., Spigen Inc, Scosche Industries Inc., AUKEY Official, Baseus, Ambrane India Pvt. Ltd., RAVPower Technology Co. Ltd., iOttie Inc., Satechi Corporation, Griffin Technology, America Ugreen Limited, Power Practical LLC
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Mobile Phone Power Accessories Market Overview
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 2023 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.
