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Mobile Accessories Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Apple Inc., Google LLC, Samsung Electronics Co.Ltd., Huawei Technologies Co. Ltd, Sony corporation, Panasonic corporation
Mobile Accessories Market Characteristics
The Business Research Company offers in-depth market insights through Mobile Accessories Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
The main types of mobile accessories market are earphones or headphones, charger, power bank, protective cases, and others. Headphones are a pair of small loudspeaker drivers worn on or around the head over a user's ears. The various price ranges of mobile accessories are premium, medium, and low and used in various sectors such as residential, commercial, industrial, retail, hospitality, and health care and are distributed by various channels including online and offline.
Major Driver - Smartphone Proliferation Fuels Surge In Mobile Accessories Market
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.
Competitive Landscape:
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
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Top Trend - Eco-Friendly Innovations Shaping The Mobile Accessories Market
Major companies operating in the mobile accessories market are increasing their focus on introducing eco-friendly mobile accessories to gain a competitive edge in the market. Eco-friendly mobile accessories are accessories designed and manufactured with a focus on environmental sustainability, using materials and production processes that minimize ecological impact. For instance, in August 2023, Samsung Electronics Co. Ltd., a South Korea-based appliances company, launched the Samsung Eco-Friends lineup, which is designed with eco-conscious values and unique designs. The accessories are made from recycled materials and are available for various Samsung products, including the Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle portable projector. The lineup features appealing characters and designs, including collaborations with popular brands and artists such as TOILETPAPER, Keith Haring, Disney, Marvel, and more.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile Accessories Market Characteristics
3. Mobile Accessories Market Trends And Strategies
4. Mobile Accessories Market - Macro Economic Scenario
5. Mobile Accessories Market Size And Growth
…..
27. Mobile Accessories Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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