Mobile Phone Accessories Market is Likely to Grow at a CAGR of 6.7% through 2031, Reaching US$ 166 Billion

The mobile phone accessories market is estimated at US$ 86.6 Billion in 2021. The market is likely to grow at a CAGR of 6.7% through 2031, reaching US$ 166 Billion.

Future Market Insights predict a comparison and review analysis of the dynamics of the mobile phone accessories market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints that support industry innovation.

Some new advances that have taken place in the market include companies have launched state-of-the art technologies to turn these accessories into smart audio systems and smart computers. The launch of wireless headphones with advanced sound quality and noise cancellation technology offered remarkable improvement over their wired predecessors.

According to FMI analysis, the variation between the BPS values observed in the mobile phone accessories market in H1, 2022 - Outlook over H1, 2022 Projected reflects a growth of 70 units. However, compared to H1, 2021, the market is expected to spike by 77 BPS in H1 -2022.

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Sales of smartphones are booming in developing nations including China, India, Brazil, and Indonesia. From 1.1 billion units in 2013 to 1.2 billion units in 2014, smartphone shipments grew. These 1.2 billion units were transported to China in about 45 percent of them.

FMI anticipates a secondary demand for items like power banks and protective cases that aren't often included in the box as smartphone ownership increases.

Regional players like Xiaomi and Micromax are included in the smartphone market in emerging nations in addition to global giants. According to FMI's analysis, in order to maintain competitive rates, these local firms provide fewer mobile accessories in their products than do international brands.

Why there is Ascend in the Usage of Stereo Bluetooth Technology with Noise-Cancelling Solutions?

Mobile phone accessories have become essential for consumers and they are willing to pay for advanced features. A reduction in the prices of smartphones has further created attractive opportunities for their sales. Some of the companies have launched state-of-the art technologies to turn these accessories into smart audio systems and smart computers.

Their efforts are evident in increasing frequency of innovations. For instance, the launch of wireless headphones with advanced sound quality and noise cancellation technology offered remarkable improvement over their wired predecessors. Active noise-cancelling headphones that electronically remove the unwanted ambient noise are therefore high in demand.

Following this trend, recently TCL has launched a new range of wired and wireless headphones available by their marketing name CL SOCL200BT, TCL ACTV100BT, and TCL ELIT200NC.

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Mobile Phone Accessories Market by Category

Product Type

Batteries
Chargers
Wired
Wireless
Protective Cases & Covers
Headsets
Portable Speakers
Memory Cards
Data Cables
Mount & Stands
Selfie Stick
Others (Stylus Pen)
Packaging Type

Folding Cartons
Clear View Boxes
Pouches & Bags
Clamshells
Blister Packs
Trays
Sales Category

By Brands
By 3rdParties
By White Labels/No Name Brands
Price Range

Premium
Mid
Low
Region

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa (MEA)
Oceania

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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