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Smartphone Proliferation Fuels Surge In Mobile Accessories Market: Major Factor in the Transformation of the Mobile Accessories Market in 2025
Mobile Accessories Market Research
The mobile accessories market is expected to grow from $252.92 billion in 2024 to $273.07 billion in 2025, at an 8.0% CAGR. This growth is attributed to the proliferation of smartphones, fashion and personalization trends, e-commerce growth, mobile device durability concerns, and the integration of multiple functions into mobile accessories.
Mobile Accessories Market: Expected to grow to $352.3 billion by 2029 at a CAGR of 6.6%. Growth is attributed to the rise of gaming accessories, AR/VR integration, and focus on sustainable products. Trends include wireless technology, 5G adoption, and rapid product innovation.
What Key Elements Are Boosting Growth in the Mobile Accessories Market?
The rising demand for smartphones is anticipated to boost the mobile accessories market. Smartphones, which combine mobile telephony and personal computing features, are driving a need for accessories that enhance their functionality and user experience. In November 2023, Uswitch Limited reported that the UK saw a 3.8% increase in mobile connections from 2021 to 2022. Projections suggest that by 2025, 95% of the UK population will own smartphones, further increasing demand for mobile accessories and fueling market growth.
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Who Are the Major Industry Players Fueling Mobile Accessories Market Expansion?
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
What Are the Emerging Trends in the Mobile Accessories Industry?
Major companies in the mobile accessories market are focusing on eco-friendly product offerings to gain a competitive advantage. These products are designed with sustainability in mind, using environmentally friendly materials and production processes. For example, in August 2023, Samsung Electronics Co. Ltd., a South Korea-based company, launched the Samsung Eco-Friends lineup, which includes eco-conscious mobile accessories made from recycled materials. This lineup features accessories for various Samsung devices, such as the Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle portable projector. The collection also includes collaborations with popular brands and artists like TOILETPAPER, Keith Haring, Disney, and Marvel.
How Is the Segmentation of the Mobile Accessories Market Defined?
The mobile accessories market covered in this report is segmented -
1) By Type: Earphones Or Headphones, Charger, Power Bank, Protective Cases, Other Types
2) By Price Range Outlook: Premium, Medium, Low
3) By Sector: Residential, Commercial, Industrial, Retail, Hospitality, Health Care
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Earphones or Headphones: Wired Earphones Or Headphones, Wireless Earphones Or Headphones, Noise-Cancelling Earphones OrHeadphones, Bluetooth Earphones Or Headphones
2) By Charger: Wired Chargers, Wireless Chargers, Fast Chargers, Car Chargers
3) By Power Bank: Portable Power Banks, Solar Power Banks, High-Capacity Power Banks, Compact Power Banks
4) By Protective Cases: Hard Cases, Soft Cases, Wallet Cases, Battery Cases, Waterproof Cases
5) By Other Types: Screen Protectors, Stylus Pens, Mobile Stands And Holders, Bluetooth Speakers, PopSockets And Grips
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What Is the Leading Region in the Mobile Accessories Market?
North America was the largest region in the mobile accessories market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Mobile Accessories Global Market Report?
- Market Size Analysis: Analyze the Mobile Accessories Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mobile Accessories Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mobile Accessories Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mobile Accessories Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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