Mobile Phone Accessories Market Synopsis
Mobile Phone Accessories Market Size Was Valued at USD 50.6 Billion in 2023 and is Projected to Reach USD 89.9 Billion by 2032, Growing at a CAGR of 6.6% From 2024-2032.
Mobile phone accessories are defined as a secondary or complementary product that is used in conjunction with a mobile phone and which can be an additional device, equipment, or item. These accessories include but are not limited to a case, screen protector, chargers, power banks, headphones, Bluetooth earpiece, portable speakers, selfie stick, and a mount for a car or bicycle. They meet different requirements of mobile phone users, including protection from damage, charging and connectivity convenience, better sound quality, and the ability to use the phone without hands. Mobile phone accessories do not only complement smartphones but also allow users to modify their gadgets to fit their daily routines and individualism.
- The mobile phone accessories market is a growing and very competitive category within the electronics industry. Smartphones are now in use in most parts of the world and this has led to the need for accessories that would complement the set and improve its performance. The range of products available in the market includes protective cases, screen protectors, chargers, power banks, headphones, and other necessary accessories and appliances to fit the needs and demands of consumers. These factors are technological advancement, changes in customers’ lifestyles, and the shift of business towards the online marketplace place have been key drivers that have led to the growth of the mobile phone accessories market and the manufacturers are always coming up with better accessories that will suit the ever-changing market needs.
- The mobile phone accessories market has been growing rapidly in the recent past due to factors such as the increase in the number of smartphone users, improved consumer disposable income, and the trends towards individualism. Moreover, with the new models of smartphones with better features and designs, there has been a need to produce accessories to fit these models. In addition, the availability of multiple online retail platforms has also been instrumental in providing consumers with the right accessories from different brands and manufacturers, thus boosting the market growth. Since consumers are looking for accessories that are not only useful but can also complement their lifestyle, the manufacturer’s emphasis is on product differentiation, quality, and design.
Mobile Phone Accessories Market Trend Analysis
Increasing demand for eco-friendly and sustainable products
- As the awareness of environmental issues increases, there is a trend towards products with recycled or recyclable materials, biodegradable or environmentally friendly materials, or natural materials. To meet this demand, manufacturers are now implementing environmental conservation measures into their products’ design and packaging, for instance, using recycled plastics for cases, packing their products in biodegradable materials, or providing repairs and recycling services for old accessories. Since sustainability is an important factor influencing the choice of consumers, producers of accessories for mobile phones who focus on environmental protection should be able to occupy a dominant position in the market.
Development and marketing of eco-friendly and sustainable products
- This is because, with the current trend of rising environmental awareness among the populace, there is a call for accessories made from recycled materials, biodegradable plastics, and other eco-friendly products. Those companies that promote sustainability in their products will likely appeal to consumers who are more conscious of the environment and are likely to select products from companies that have sustainable products.
- Moreover, extending the concept of sustainability to the supply chain by implementing eco-friendly strategies like the use of minimal packaging and renewable energy sources can improve the brand’s appeal and help to meet sustainable development objectives in the long run. The idea is that adopting sustainability as a value proposition is a win-win strategy: it helps companies tap into a new and rapidly expanding market, and it also benefits the environment.
Mobile Phone Accessories Market Segment Analysis:
Mobile Phone Accessories Market Segmented based on Type and Application.
By Type, Battery segment is expected to dominate the market during the forecast period
- The high growth of the battery segment within the mobile phone accessories market in the forecast period will be a big opportunity for companies that focus on batteries, power banks, wireless chargers, and battery cases. This has been attributed to several factors.
- Firstly, the importance of the smartphone in the lives of people has been on the rise with people using it for various activities during the day hence the need for a power source that will ensure the devices are charged throughout the day. Increasingly, smartphones have been endowed with more features and processing power, and battery life has emerged as the key consideration for users, hence the need for additional charging products.
- Secondly, battery accessories have become popular due to the development of battery technology, for example, the ability to charge the battery in a short time or the capacity of batteries. People are more and more demanding accessories that can charge quickly to meet the demands of their daily lives.
By Application, the Aftermarket segment is expected to hold the largest share
- It is true that the aftermarket segment in the mobile phone accessories market has a lot of potential to grow and is likely to retain its market share dominance. Mobile phone accessories are defined as products that are bought separately from the actual mobile phone, either as spare parts or as improved models of the initial accessories, or as complementary parts to the phone.
- Here are some reasons that explain why the aftermarket segment has become dominant. Firstly, the use of smartphones is on the rise, and this means that there is a market for accessories that are unique and can be customized based on the user’s needs and wants. It is clear that the available options in the aftermarket accessories are numerous, and they can cover design, as well as the number of features and their functions, which means that consumers can easily adjust the devices to their preferences.
- In addition, the aftermarket segment is favored by the constant development and improvements in the technologies of mobile phones. Consumers are always on the lookout for new models in smartphones and new models always come with new features and designs for their accessories. From protective cases, tempered glass screen guards, and wireless chargers, to Bluetooth headsets, accessory is a very vital part of smartphones since they enhance the usability and durability of the device.
Mobile Phone Accessories Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The Asia Pacific region is expected to continue to lead the mobile phone accessories market over the forecast period for the following reasons. The market for smartphones is still growing rapidly, particularly in populous countries such as China, India, and countries in South-East Asia and there is a good and growing market for accessories to be used with these devices. Further, the variations in consumer demands within the region make it possible for many types of accessories to be developed to serve different functions and appeal to different customers. The growing market for e-commerce products also contributes to the availability of these accessories, which increases sales and the market size. This together with an environment of innovation and competition in technology centers across the Asia Pacific region offers companies the opportunity to increase their market share, meet the growing demand for accessories, and define the future of the mobile phone accessories market.
Active Key Players in the Mobile Phone Accessories Market
- Panasonic Corporation (Japan)
- Sennheiser Electronic (Germany)
- Sony Corporation (Japan)
- Samsung Electronics (South Korea)
- Apple (United States)
- Bose Corporation (United States)
- Plantronics (United States)
- Energizer Holdings (United States)
- JVC Kenwood Corporation (Japan)
- BYD Electronic (China)
- Philips (Netherlands)
- Other key Players
Key Industry Developments in the Mobile Phone Accessories Market:
- In March 2023, With a diverse product line in mind, NOPE targeted young and dynamic audiophiles. This includes neckbands, Bluetooth speakers ('Boom' and 'Buzz'), and TWS earphones (Echo, Neo, Buddy, and Shots). Touch controls, 13 mm drivers, Google Assistant and Siri compatibility, and Type C rapid charging are all features of these models.
Global Mobile Phone Accessories Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 50.6 Bn. |
Forecast Period 2024-32 CAGR: |
6.6% |
Market Size in 2032: |
USD 89.9 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- MOBILE PHONE ACCESSORIES MARKET BY TYPE (2017-2032)
- MOBILE PHONE ACCESSORIES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BATTERY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- HEADPHONE/EARPHONE
- PORTABLE SPEAKER
- CHARGER
- MEMORY CARD
- MOBILE PHONE ACCESSORIES MARKET BY APPLICATION (2017-2032)
- MOBILE PHONE ACCESSORIES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AFTERMARKET
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- OEM’S
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- MOBILE PHONE ACCESSORIES Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- PANASONIC CORPORATION (JAPAN)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- SENNHEISER ELECTRONIC (GERMANY)
- SONY CORPORATION (JAPAN)
- SAMSUNG ELECTRONICS (SOUTH KOREA)
- APPLE (UNITED STATES)
- BOSE CORPORATION (UNITED STATES)
- PLANTRONICS (UNITED STATES)
- ENERGIZER HOLDINGS (UNITED STATES)
- JVC KENWOOD CORPORATION (JAPAN)
- BYD ELECTRONIC (CHINA)
- PHILIPS (NETHERLANDS)
- COMPETITIVE LANDSCAPE
- GLOBAL MOBILE PHONE ACCESSORIES MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Mobile Phone Accessories Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 50.6 Bn. |
Forecast Period 2024-32 CAGR: |
6.6% |
Market Size in 2032: |
USD 89.9 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Mobile Phone Accessories Market research report is 2024-2032.
Panasonic Corporation, Sennheiser Electronic, Sony Corporation, Samsung Electronics, Apple, and Other Major Players.
The Mobile Phone Accessories Market is segmented into Type, Application, and region. By Type, the market is categorized into Battery, Headphone/Earphone, Portable Speaker, Charger, and Memory Card. By Application, the market is categorized into Aftermarket and OEMs. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Mobile phone accessories are defined as a secondary or complementary product that is used in conjunction with a mobile phone and which can be an additional device, equipment, or item. These accessories include but are not limited to a case, screen protector, chargers, power banks, headphones, Bluetooth earpiece, portable speakers, selfie stick, and a mount for a car or bicycle. They meet different requirements of mobile phone users, including protection from damage, charging and connectivity convenience, better sound quality, and the ability to use the phone without hands. Mobile phone accessories do not only complement smartphones but also allow users to modify their gadgets to fit their daily routines and individualism.
Mobile Phone Accessories Market Size Was Valued at USD 50.6 Billion in 2023 and is Projected to Reach USD 89.9 Billion by 2032, Growing at a CAGR of 6.6% From 2024-2032.