Global Mobile Phone Accessories Market

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


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

Mobile Phone Accessories Market Insights

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).

The demand for mobile phone accessories is projected to increase as a result of the growing popularity of smartphones as an efficient means of communication worldwide, leading to market expansion in the forecast period. The market is also expected to be driven by the rising demand for wireless devices, as well as the frequent technological advancements in the industry. Companies are constantly introducing new and advanced technologies such as wireless headsets and speakers, which are boosting the market demand. In addition, the growing adoption of smartphones among teenagers has resulted in an increase in demand for specific accessories such as mobile covers and headphones. The market growth is further fuelled by the young working population, whose changing outlook and preferences have influenced the overall market growth. For instance, women tend to change their phone covers frequently, which affects the overall market growth, while men prefer accessories such as headphones and fast chargers. Additionally, mobile accessories have become increasingly popular among consumers due to their ability to simplify and streamline smartphone usage. For example, the introduction of smartwatches has made it easier to view notifications and receive calls without taking out the phone from the pocket, while power banks have made it simpler for consumers who use smartphones extensively and travel frequently. Furthermore, the increasing quality and features of smartphones at decreasing prices have led to an increase in the number of consumers, resulting in a growing demand for safety and security of the phones. This is because modern consumers are less likely to go the extra mile to keep their phones safe, trendy, and fashionable. Additionally, the growth in internet penetration, coupled with artificial intelligence incorporated by online retailers that provide pop-up notifications to users about new products, is also a prominent factor contributing to the market growth.

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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 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

Report ID: SQMIG45I2090

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