At what pace is the mobile phone power accessories market growing, and what is its estimated value?
The mobile phone power accessories market size has grown strongly in recent years. It will grow from $37.48 billion in 2024 to $40.34 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased smartphone penetration, technological advancements, rising disposable income, the proliferation of e-commerce, and growing mobile usage.
The mobile phone power accessories market size is expected to see strong growth in the next few years. It will grow to $53.63 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to 5G rollout, an increase in mobile users, technological innovations, sustainability trends, and the emergence of IoT devices. Major trends in the forecast period include wireless charging, fast charging solutions, portable power banks, eco-friendly products, multi-functional accessories, and smart power management.
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How have varous drivers impacted the growth of the mobile phone power accessories market?
Rising smartphone adoption is expected to propel the growth of the mobile phone power accessories market going forward. Smartphone use is driven by enhancing the user experience and increasing affordability due to competitive pricing and financing options. Additionally, growing internet penetration and the popularity of online services further boost smartphone demand. Smartphone power accessories extend battery life and ensure uninterrupted daily usage. For instance, in February 2024, according to Uswitch Limited, a UK-based financial conduct authority, the number of mobile connections in the UK rose to 71.8 million, reflecting a 3.8% increase (approximately 2.6 million connections) compared to 2021. By 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, rising smartphone adoption will drive growth in the mobile phone power accessories market.
What are the primary segments of the 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
Subsegments:
1) By Power Banks: Standard Power Banks, Fast Charging Power Banks, Solar Power Banks
2) By Wireless Chargers: Qi Wireless Chargers, Fast Wireless Chargers, Multi-Device Wireless Chargers
3) By Battery Cases: iPhone Battery Cases, Samsung Battery Cases, Universal Battery Cases
4) By Portable Chargers: USB Portable Chargers, AC Portable Chargers, Car Portable Chargers
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Which firms are leading the mobile phone power accessories market?
Major companies operating in the mobile phone power accessories market are 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
How will industry trends affect the trajectory of the mobile phone power accessories market?
Major mobile phone power accessories companies are focusing on introducing innovative solutions such as charging devices to gain a competitive edge. Charging devices refer to electronic accessories used to recharge the batteries of various gadgets, such as smartphones, tablets, and laptops. For instance, in February 2022, Oppo, a China-based consumer electronics company, launched 150W SUPERVOOC high-speed flash charging technology with a Battery Health Engine (BHE) and the 240W SUPERVOOC flash charge technology in their power accessories. OPPO’s 150W SUPERVOOC Flash Charge charges a 4,500mAh battery to 50% in 5 minutes and fully in 15 minutes, with a Battery Health Engine to extend battery life. The 240W SUPERVOOC Flash Charge fully charges a 4,500mAh battery in just 9 minutes, offering ultra-fast charging speeds.
Which geographic trends are shaping the mobile phone power accessories market, and which region has the highest market share?
Asia-Pacific was the largest region in the mobile phone power accessories market in 2024. 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.
What Does The Mobile Phone Power Accessories Market Report 2025 Offer?
The mobile phone power accessories market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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