Global Mobile Accessories Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Mobile accessories refer to supplementary hardware or add-on devices that are designed to enhance the functionality, aesthetics, or usability of mobile phones or smartphones. They are employed to either make the mobile device more convenient to use or to prevent damage from occurring.

Sizing and Forecast

The mobile accessories market size has grown strongly in recent years. It will grow from $234.04 billion in 2023 to $252.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to smartphone proliferation, fashion and personalization trends, e-commerce growth, increasing mobile device durability concerns, integration of multiple functions.

The mobile accessories market size is expected to see strong growth in the next few years. It will grow to $331.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rise in gaming accessories, augmented reality (ar) and virtual reality (vr) integration, focus on sustainable and eco-friendly accessories, health and fitness monitoring accessories, smartphone camera enhancements. Major trends in the forecast period include rapid product innovation, 5g technology adoption, rise of wireless technology, technological advancements, wireless charging technology.

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Segmentation & Regional Insights

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

North America was the largest region in the mobile accessories market in 2023. 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.

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Major Driver Impacting Market Growth

The increasing demand for smartphones is expected to propel the growth of the mobile accessories market going forward. A smartphone refers to a handheld electronic device that combines mobile telephone functions and personal computing functions into one unit. Mobile accessories enhance the functionality and user experience of smartphones, providing added features, protection, and customization options. For instance, in November 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, marking a 3.8% growth (equivalent to approximately 2.6 million connections) compared to 2021. Projections indicate that by 2025, the UK population is expected to reach 68.3 million, with an estimated 95% (around 65 million individuals) owning smartphones. Therefore, the increasing demand for smartphones is driving the growth of the mobile accessories market.

Key Industry Players

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, PopSockets, Incipio Group, Kenwood corp., X-Doria, Groovemade, Spigen Inc., OtterBox, TCL Communication, UE Boom</b

The mobile accessories market report table of contents includes:

1. Executive Summary
2. Mobile Accessories Market Characteristics
3. Mobile Accessories Market Trends And Strategies
4. Mobile Accessories Market – Macro Economic Scenario
5. Global Mobile Accessories Market Size and Growth
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32. Global Mobile Accessories Market Competitive Benchmarking
33. Global Mobile Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile Accessories Market
35. Mobile Accessories Market Future Outlook and Potential Analysis
36. Appendix

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