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Smartphone Proliferation Fuels Surge In Mobile Accessories Market: A Key Driver Powering Mobile Accessories Market Growth In 2025
Mobile Accessories
What Is the Current Mobile Accessories Market Size and Its Estimated Growth Rate?
In the past few years, the mobile accessories market has experienced robust growth. Its size is expected to increase from $252.92 billion in 2024 to $273.07 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to the expansion during the historic period include the widespread usage of smartphones, the prevailing trends in fashion and customization, the rise of e-commerce, growing concerns over the durability of mobile devices, and the integration of manifold functions.
Expectations are high for the mobile accessories market with projections showing robust expansion in the coming years. The market is predicted to escalate to a size of $352.3 billion by 2029, registering a compound annual growth rate (CAGR) of 6.6%. The surge in growth during this period can be linked to factors such as an increase in gaming accessories, the use of augmented reality (ar) and virtual reality (vr), emphasis on sustainable and eco-friendly products, and enhancements to health, fitness, and smartphone camera accessories. Key trends predicted for this period include swift product innovation, the uptake of 5g technology, growth of wireless technology, advancements in technology, and the rise in popularity of wireless charging systems.
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How Are Emerging Segments Shaping the Mobile Accessories Market Landscape?
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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Which Growth Factors Are Influencing Mobile Accessories Market Expansion?
The boost in smartphone demand is predicted to fuel the expansion of the mobile accessories sector in the future. A smartphone is a portable device that combines features of a mobile phone and a computer in a single unit. Mobile accessories amplify the functionality and user experience of smartphones through added features, protection, and customization options. As per Uswitch Limited, a financial conduct authority in the UK, in November 2023, starting from 2022, there were 71.8 million mobile connections in the UK - a 3.8% rise (roughly 2.6 million connections) relative to 2021. Forecasts suggest that by 2025, around 95% of the anticipated UK population of 68.3 million (nearly 65 million people) will possess smartphones. Hence, the surging demand for smartphones is a key driver for the mobile accessories market's expansion. Mobile Accessories Market Driver: Flourishing E-Commerce Sector Spurs Significant Growth In The Mobile Accessories Market
Who Are the Dominant Players Across Different Mobile Accessories Market Segments?
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 Latest Developing Trends in the Mobile Accessories Market?
In an effort to gain a competitive advantage in the mobile accessories market, leading companies are now focusing on the development of eco-friendly mobile accessories. Eco-friendly mobile accessories are those specifically designed with attention to environmental sustainability, utilizing materials and production methods which reduce their ecological footprint. In August 2023, for example, the South Korea-based company Samsung Electronics Co. Ltd. introduced the Samsung Eco-Friends range of products. This range, designed with eco-friendly principles and unique aesthetics in mind, comprises of accessories manufactured from recycled materials for various Samsung products like Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle portable projector. The collection incorporates attractive characters and designs, including joint projects with renowned brands and artists such as TOILETPAPER, Keith Haring, Disney, Marvel, among others.
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Which Geographic Regions Are Expected to Dominate the Mobile Accessories Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Accessories Market?
2. What is the CAGR expected in the Mobile Accessories Market?
3. What Are the Key Innovations Transforming the Mobile Accessories Industry?
4. Which Region Is Leading the Mobile Accessories Market?
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