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Mobile Accessories Market: Major Trends Reshaping the Future of the Industry
Mobile Accessories
What Will the Mobile Accessories Industry Market Size Be by 2025?
In the past few years, a substantial expansion has been witnessed in the market size of mobile accessories. The market is predicted to evolve from $252.92 billion in 2024 to $270.28 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.9%. Various factors contributing to this growth during the historic period include the widespread use of smartphones, trends in fashion and customization, the surge in online shopping, escalating concerns regarding the longevity of mobile devices, and the incorporation of multiple functions.
What's the Long-Term Growth Forecast for the Mobile Accessories Market Size Through 2029?
In the foreseeable future, the size of the mobile accessories market is predicted to undergo substantial growth. The market is expected to expand to $345.34 billion by 2029, with an annual compound growth rate of 6.3%. Factors such as the increased usage of gaming accessories, integration of augmented reality (ar) and virtual reality (vr), the shift towards sustainable and environmentally friendly accessories, accessories for health and fitness monitoring, and enhancements in smartphone cameras contribute to the anticipated growth during the forecast period. Other crucial trends during this time include fast-paced product innovation, adoption of 5G technology, the emergence of wireless technology, technological improvements, and the use of wireless charging technology.
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What Are the Key Growth Drivers Fueling the Mobile Accessories Market Expansion?
The mobile accessories market is set to expand owing to the escalating demand for smartphones. A smartphone, a handheld electronic device, blends the features of a mobile phone and a personal computer into a singular device. Mobile accessories amplify the capabilities and user engagement of smartphones, offering additional characteristics, safeguarding measures, and personalization alternatives. For example, Uswitch Limited, an organization from the UK with financial conduct authority control, reported in November 2023 that since the beginning of 2022, there were 71.8 million mobile connections in the UK. There was a growth of 3.8% or approximately 2.6 million connections compared to the previous year. Predictions for 2025 suggest that the UK's population will rise to 68.3 million with nearly 95% (about 65 million people) predicted to own smartphones. As a result, the mounting demand for smartphones is spurring the expansion of the mobile accessories market.
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Which Emerging Trends Are Transforming the Mobile Accessories Market in 2025?
Leading firms in the mobile accessories market, like Samsung Electronics Co. Ltd., are shifting their focus towards the production of environmentally friendly mobile accessories. These accessories are specifically designed and made with sustainable materials and methods, causing minimum harm to the environment. This move is aimed at gaining an upper hand in the market. For example, Samsung, a South Korean appliance manufacturer, introduced the Samsung Eco-Friends line in August 2023. This array of eco-conscious products has unique designs and is made from recycled materials. These accessories are compatible with multiple Samsung gadgets like the Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle portable projector. The range includes creative designs and characters, with collaborations inclusive of reputed brands and artists like TOILETPAPER, Keith Haring, Disney, Marvel, among others.
How Is the Mobile Accessories Market Segmented?
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 Companies Are Leading the Charge in Mobile Accessories Market Innovation?
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
Which Regions Are Leading the Global Mobile Accessories Market in Revenue?
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.
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