Market Definition:
The Global Mobile Phone Accessories Market size valued to USD 278.17 billion in 2021, is predicted to reach USD 413.22 billion by 2030 with a CAGR of 4.3% from 2022-2030.
The global digitalization is leading towards higher dependency on smart gadgets, especially mobile phones. The enhanced connectivity spectrum tends to higher adoption of mobile phones at individual level, hence resulting to a consequent growth of mobile phone accessories market. Mobile phone accessories are the hardware components, trivial in functioning of mobile phones, but are necessary in providing additional support, product enhancement, and greater convenience factor. This includes innovative accessories such as external battery packs, power banks, wireless headphones, wireless chargers, memory card, protective case, screen protectors and many more.
Market Dynamics and Trends
The mobile phone accessories market is thriving due to higher adoption of mobile phones at global level. According to a survey the total number of smartphone shipments in quarter-3 of 2019 hit 352.4 million units. Increasing penetration of IoT & AI technologies, plus innovative technological progress in voice recognition system, wireless audio products, clip-on headphones, as well as precise integration of speech recognition software; are the factors driving the growth of the global market.
Besides, rapid urbanization, increase in per-capita income at global level, higher inclination towards social-networking sites and growing demand for fashionable mobile accessories, specifically from the young-generation, are anticipated in propelling the growth of the mobile phone accessories market in coming future.
However, increased use of headphones leading to hearing impairment problems and cutthroat competition between the key manufacturers leading to higher imposed tariffs on international trade, are the factors expected to impede the mobile phone accessories market growth during the forecast period.
Moreover, cutting-edge product launches by market players, growing demands for wireless accessories and fast-processing software, as well as technological progressions in imaging and photographic accessories, are creating new avenues for lucrative opportunities in the global mobile phone accessories market.
Market Segmentations and Scope of the Study:
The global mobile phone accessories market share analysis is based on product, distribution channel, price range, and geography.
Based on product, the market is segmented into Battery, Headphone/earphone, smart speaker, charger, memory card, power bank, battery case, protective case, bluetooth speakers, screen protection, smart watch, fitness bands, AR & VR headsets, mount and stand, data cables and selfie stick. Based on the channel of distribution, the market is divided into online and offline. Based on price range, the market is divided into low, medium, and premium. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America shows a higher dominance on the global mobile phone accessories market, accounting for the highest market shares. This is attributed to factors such as increased adoption of wireless accessories, presence of advanced technology and higher inclination towards digitalization.
Asia-Pacific is projected a rapid development in the global mobile phone accessories market, growing with the highest CAGR, due to higher internet penetration, increasing adoption of smartphones, and their reduced prices. Increased per-capita income and advancements in product technologies, are further leading to supplement the market growth in this region.
Competitive Landscape
The mobile phone accessories market, which is highly competitive and fragmented, consists of various market players. Some of the major market players include Samsung Electronics, Energizer, Panasonic Corporation, Sony Corporation, JVC Corporation, BYD Inc., Beats (Apple Inc.), Sennheiser Electronics GmbH & Co. KG, Otterbox, Bose Corporation, Plantronics Pty Ltd, and Griffin Technology among others.
The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall growth of the mobile phone accessories market. For instance, in September 2019, Sennheiser’s premium MOMENTUM headphone range entered its third generation, with the launch of the new MOMENTUM Wireless at IFA 2019. Sennheiser’s headphones claim to be the latest addition to the ‘audio specialist’s iconic range’ that offers superior sound, a modern design aesthetic, cutting-edge technology, and a touch of handcrafted indulgence to every moment.
In February 2020, one of the major players of the global mobile phone accessories market, Samsung Electronics collaborated with the iconic New York fashion brand Thom Browne introducing its ‘Galaxy Z Flip Thom Browne Edition.’ Galaxy Z Flip Thom Browne Edition draws on Samsung’s all new Galaxy Z Flip device, complemented with Galaxy Buds+ and Galaxy Watch Active2, depicting the fashion brand’s bold and timeless style to introduce a groundbreaking foldable smartphone experience. The limited-edition smartphone is the first of its kind to be encased in glass while still having a matte look that is soft to the touch and effortless to hold with a classic grey pebble leather phone case, featuring the distinctive Thom Browne signature brand colors down the center; the perfect blend of art and technology.
KEY MARKET SEGMENTS:
Global Mobile Phone Accessories market - By Product
- Battery
- Headphone/earphone
- Portable speaker
- Charger
- Memory card
- Power bank
- Battery case
- Protective case
- Bluetooth Speakers
- Screen Protection
- Smart Watch
- Fitness Bands
- AR & VR Headsets
- Mount & Stand
- Data Cables
- Selfie Stick
Global Mobile Phone Accessories market - By Distribution Channel
- Offline
- Online
Global Mobile Phone Accessories market - By Price Range
- Low
- Medium
- Premium
Global Mobile Phone Accessories market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Vietnam
- Rest of Asia-Pacific
- RoW
- Latin America
- Middle East
- Africa
What is the estimated value of the Mobile Phone Accessories Market?
What is the growth rate of the Mobile Phone Accessories Market?
What is the forecasted size of the Mobile Phone Accessories Market?
Who are the key companies in the Mobile Phone Accessories Market?
Report Attribute | Details |
---|---|
No. of Pages | 358 |
Published | August 2022 |
Forecast Period | 2021 - 2030 |
Estimated Market Value ( USD
| USD 278.2 Billion |
Forecasted Market Value ( USD
| USD 413.2 Billion |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
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Executive Summary
Mobile Phone Accessories: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2030- Higher inclination towards social-networking sites, growing demand for fashionable mobile accessories are key driving factors accountable for mobile phone accessories market growth.The global digitalization is leading towards higher dependency on smart gadgets, especially mobile phones. The enhanced connectivity spectrum tends to higher adoption of mobile phones at individual level, hence resulting to a consequent growth of mobile phone accessories market. Mobile phone accessories are the hardware components, trivial in functioning of mobile phones, but are necessary in providing additional support, product enhancement, and greater convenience factor. This includes innovative accessories such as external battery packs, power banks, wireless headphones, wireless chargers, memory card, protective case, screen protectors and many more. Increasing penetration of IoT & AI technologies, plus innovative technological progress in voice recognition system, wireless audio products, clip-on headphones, as well as precise integration of speech recognition software; are the factors driving the growth of the mobile phone accessories market.
The global mobile phone accessories market share is segmented on the basis of product, distribution channel, price range, and geography. Based on product, the market is segmented into Battery, Headphone/earphone, Portable speaker, Charger, Memory card, Power bank, Battery case, Protective case, and others. Based on the channel of distribution, the market is divided into online and offline. Based on price range, the market is divided into low, medium, and premium. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Apple Inc
- Bose Corporation
- Byd Company Ltd
- Energizer Holdings, Inc
- Jvckenwood Corporation
- Panasonic Corporation
- Plantronics, Inc
- Samsung Electronics Co. Ltd
- Sony Corporation
- Sennheiser Electronic Gmbh & Co. Kg
- Xiaomi
- Walmart