What is the global market size of Mobile Phone Accessories Market?

Global Mobile Phone Accessories Market size was valued at USD 82.90 billion in 2021 and is poised to grow from USD 83.40 billion in 2022 to USD 132.18 billion by 2030, growing at a CAGR of 6.8% during the forecast period (2023-2030).

Global Mobile Phone Accessories Market Size, Share, Growth Analysis, By Type(Protective Cases and Screen Protectors), By Distribution Channel(Online Retail and Offline Retail) - Industry Forecast 2024-2031

Report ID: SQMIG45I2090 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 59 | Figures: 75

Global Mobile Phone Accessories Market Dynamics

Mobile Phone Accessories Market Drivers

Increasing demand for wireless devices and advanced mobile phone accessories

One of the main drivers of the global mobile phone accessories market is the increasing demand for wireless devices and advanced mobile phone accessories, such as wireless headsets and speakers. This is due to the convenience and flexibility offered by wireless devices, which allow users to operate their devices without any physical connection. Furthermore, the frequent changes in technologies and the increasing adoption of smartphones among teenagers are also driving the market growth for mobile phone accessories. This is because consumers are seeking to keep themselves updated with the changing technologies in the market.

Mobile Phone Accessories Market Restraints

Availability of counterfeit products in the market

One of the main restraints of the global mobile phone accessories market is the availability of counterfeit products in the market. The presence of fake and low-quality products not only affects the credibility of genuine products but also poses a threat to consumer safety and security. Moreover, the availability of cheap counterfeit products leads to a decline in the demand for genuine and high-quality mobile phone accessories. This hampers the growth of the market and poses a challenge for genuine manufacturers to establish themselves in the market.

Global Mobile Phone Accessories Market Report Snapshots

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Global Mobile Phone Accessories Market size was valued at USD 83.40 billion in 2022 and is poised to grow from USD 89.07 billion in 2023 to USD 150.77 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).

There are many local and international players in the highly competitive market for mobile phone accessories. To meet consumers' growing demand, businesses are continuously investing in R&D to introduce cutting-edge mobile phone accessories. Additionally, businesses are concentrating on strategic alliances and collaborations to increase their market presence and appeal to a larger consumer base. 'Samsung Electronics Co., Ltd. (South Korea)', 'Apple Inc. (US)', 'Sony Corporation (Japan)', 'LG Electronics Inc. (South Korea)', 'Bose Corporation (US)', 'Xiaomi Corporation (China)', 'Huawei Technologies Co., Ltd. (China)', 'Sennheiser Electronic GmbH & Co. KG (Germany)', 'Plantronics, Inc. (US)', 'Otter Products, LLC (US)', 'Belkin International, Inc. (US)', 'ZAGG Inc. (US)', 'Logitech International S.A. (Switzerland)', 'Skullcandy Inc. (US)', 'JVC Kenwood Corporation (Japan)', 'Incipio, LLC (US)', 'Griffin Technology (US)', 'Mophie, Inc. (US)', 'Moshi (US)', 'Case-Mate, Inc. (US)'

One of the main drivers of the global mobile phone accessories market is the increasing demand for wireless devices and advanced mobile phone accessories, such as wireless headsets and speakers. This is due to the convenience and flexibility offered by wireless devices, which allow users to operate their devices without any physical connection. Furthermore, the frequent changes in technologies and the increasing adoption of smartphones among teenagers are also driving the market growth for mobile phone accessories. This is because consumers are seeking to keep themselves updated with the changing technologies in the market.

New Innovations for Camera Enhancements and Convenience in Photography: As smartphones continue to dominate the consumer electronics landscape and become the primary devices for capturing photos and videos, users are increasingly seeking ways to elevate their photography experiences. This trend has given rise to a diverse range of accessories that cater to the growing demand for improved camera capabilities and user-friendly photography. These innovations encompass a wide spectrum of products, including attachable lenses that provide wide-angle, macro, fisheye, and telephoto capabilities, enabling users to capture a broader range of shots with their smartphones. Stabilization accessories such as gimbals and handheld stabilizers have gained immense popularity, delivering steady and shake-free footage for both photos and videos. External flashes designed for smartphones are being used to enhance low-light photography, ensuring well-lit and clear images. Moreover, wireless remote controls and smartphone apps offer users the ability to remotely operate their phone's camera, facilitating group shots, selfies, and capturing moments without any camera shake. Tripods and mounts specifically designed for smartphones have become essential tools for time-lapse videos, long-exposure shots, and hands-free photography.

North America dominated the mobile phone accessories market due to the high adoption rate of smartphones, rising disposable income, and the presence of major players in the market. The increasing demand for advanced mobile phone accessories, such as wireless chargers and cases, is driving the market in this region. Additionally, the growing trend of mobile phone accessories as a fashion statement among consumers has further propelled the growth of the market.

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Global Mobile Phone Accessories Market Size, Share, Growth Analysis, By Type(Protective Cases and Screen Protectors), By Distribution Channel(Online Retail and Offline Retail) - Industry Forecast 2024-2031

Global Mobile Phone Accessories Market Dynamics

Global Mobile Phone Accessories Market Report Snapshots

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What is the global market size of Mobile Phone Accessories Market?

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