• Growing global adoption of high-end smartphones is boosting demand for protective accessories such as covers, cases, and screen protectors.

• Users are increasingly opting for affordable protection to prevent damage to expensive devices from accidental drops.

• Key market drivers include technological advancements, rising demand for customized products, and greater awareness of device safety.

NEWARK, DE / ACCESSWIRE / July 18, 2024 / The mobile phone accessories market size is poised to cross USD 104,498.2 million in 2024 and is likely to attain a valuation of USD 196,142.9 million by 2034. The mobile phone accessories market share is projected to develop at a CAGR of 6.5% from 2024 to 2034.

Accessories for mobile phones have evolved into a fashion statement and a means for users to customize their gadgets. Customers frequently buy cases, skins, and other accessories to showcase their tastes and styles. This pattern adds to the accessories market's expansion and diversity. The need for peripherals like sports armbands, heart rate monitors, and fitness trackers is growing due to smartphones' incorporation of health and fitness functions.

When consumers upgrade their cell phones regularly, they usually need to buy new accessories that work with the latest models. The ongoing need for accessories is fueled in part by the replacement culture. Businesses in the mobile accessory market are always developing innovative ways to improve their goods. This involves creating eco-friendly materials, smart accessories, and enhanced functionality to attract customers looking for innovative solutions.

Request Your Sample Report and Supercharge Your Business Strategy! https://www.futuremarketinsights.com/reports/sample/rep-gb-112

The rise of e-commerce platforms has made it easy to purchase various mobile accessories. Online shopping offers convenience, a varied product variety, and frequently competitive prices, contributing to greater sales and market growth. Mobile gaming and eSports' popularity drives demand for gaming-related accessories, including controllers, gaming headphones, and cooling systems. The gaming culture's expanding effect on smartphone usage benefits the smartphone accessories industry.

Key Points Covered in Mobile Phone Accessories Market Survey

• Market estimates and forecast 2019 to 2034

• Key drivers and restraints impacting market growth

• Segment-wise, Country-wise, and Region-wise Analysis

• Competition Mapping and Benchmarking

• Brand share and Market Share Analysis

• Key Product Innovations and Regulatory Climate

• COVID-19 Impact on Global Mobile Phone Accessories Market and How to Navigate

• Recommendation on Key Winning Strategies

Key Takeaways from the Mobile Phone Accessories Market Report:

The portable speaker's product type segment occupied 15.2% of the market shares in 2024.

The clear view boxes packaging type segment captured 22.9% of the market share in 2024.

The market size in the United States is projected to rise at a 4.5% CAGR through 2034.

The market size in Germany is anticipated to develop at a 3.6% CAGR through 2034.

The market size in China is estimated to surge at a 10.9% CAGR through 2034.

The market size in India is expected to thrive at an 11.3% CAGR through 2034.

"To successfully navigate the continually evolving mobile phone accessories market, companies must demonstrate a sharp awareness of regional differences, a dedication to ongoing innovation, compliance with regulatory requirements, and forming strategic partnerships in line with changing wellness and health trends. The market requires a comprehensive approach that includes adaptability, unrelenting innovation, and a commitment to sustainability." says Sudip Saha Managing Director and Co-Founder at Future Market Insights.

How is Wireless Technology Gaining Traction among Customers?

Mobile phone technology has been quickly developing over the past few years, and its applications are expanding. In addition to calls and texts, modern smartphones need to enable a variety of other functions. High-end CPUs are currently available in smartphones for new applications including multimedia, virtual reality, Internet accessibility, and other apps. Therefore, manufacturers are creating smartphones with built-in wireless technologies including Wi-Fi, NFCs, Bluetooth, 5G NR millimeter waves, and several other technologies to enhance the user experience and hence provide connectivity to an elevated Internet connection. The market's need for smart mobile phone accessories, such as wireless chargers, has increased as a result of this quickly expanding wireless technology.

Consumer electronics, aerospace, automotive, medical devices, and many other sectors are embracing nanotechnology and Micro Electromechanical Systems (MEMS) and using them in their products. The market demand for smartphones has been boosted by the current rate of electronic devices. Smartphones' size has decreased and their utility has entirely changed as a result of the exponential growth and shrinkage of phones, which has led to ongoing innovation in mobile phone gadgets and accessories.

Competitive Landscape

The mobile phone accessories market is highly competitive, with established firms using their market position and creative startups disrupting the environment. Technological innovation is an important distinction, particularly in wireless charging and AI integration. E-commerce expertise is critical, with businesses maximizing online platforms and developing strategic alliances to expand market reach. The global structure of the market complicates matters, forcing firms to adjust their offerings to varied regional preferences.

Recent Developments

• In August 2023, Samsung Electronics Co., Ltd. announced the debut of its new 'Samsung Eco-Friends' portfolio, which includes a variety of accessories made from recycled materials and featuring unique designs. The new portfolio will be accessible in over 40 countries, including Korea, China, the Netherlands, Singapore, South Africa, the United Arab Emirates, and the United States.

• In March 2023, NOPE introduced a varied product range for young and active audiophiles. Neckbands, TWS headphones (Echo, Neo, Buddy, and Shots), and Bluetooth speakers ('Boom' and 'Buzz') are included. These versions support Type C quick charging, Google Assistant and Siri integration, touch control, and 13 mm drivers.

Key Players in the Mobile Phone Accessories Market

• Apple Inc.

• Samsung Electronics Co., Ltd.

• Xiaomi Corporation

• Huawei Technologies Co., Ltd.

• Sony Corporation

• Anker Innovations

• JBL (a division of Harman International Industries)

• Otter Products, LLC (OtterBox)

Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/112

Country wise Insights

What is the Scope of the Mobile Phone Accessories Market in India?

Over the projected period, the rising urban population is anticipated to drive the growth of the Indian market

India's expanding urban population has increased demand for high-tech mobile accessories including power banks, high-end headphones, and beautiful phone covers. In the near future, the mobile phone accessories market in India is anticipated to grow due to the country's rapid rural-to-urban migration, particularly in areas like North India, as well as young consumers from the upper middle class who are becoming more aware of the different brands on the market and willing to buy mobile phone accessories.

The sales of mobile phone accessories in the India are estimated to rise at a 11.3% CAGR through 2034.

How is the Mobile Phone Accessories Market Striving in the USA?

Technological advancements in imaging and photographic accessories are uplifting the USA market

Advanced photographic and video graphic mobile phone attachments, including tripods, stabilizer supports, phone lenses, quick picture printers, and others, have been made possible by the expansion of the media and entertainment sector. The market for photo and image mobile accessories is anticipated to grow as a result of the growth in casual photographers due to the widespread usage of social media platforms like Facebook and Instagram.

Additionally, improvements in the compression of images and printing accessories, such as the HP Sprocket photo printer, which offers immediate printouts simply by connecting to mobile phones and can fit in users' pockets to give quality and simplicity of handling, have been made. As a result, the projected period is predicted to see a surge in the market for mobile accessories due to consumer adoption of social networking apps. The mobile phone accessories market in the USA is expected to grow at a CAGR of 4.5% from 2024 to 2034.

What is the State of the Mobile Phone Accessories Market in China?

The surge in the penetration of counterfeit products can hamper the Chinese market

Due to China's extensive manufacturing sector, large population, and rising smartphone penetration in East Asia, there is a sizable market for mobile phone accessories in China. In 2024 to 2034, China registered the CAGR of about 10.9% in East Asia and is expected to hold its position throughout the forecast period.

Piracy, however, poses a serious risk to the mobile phone accessories market. However, the materials utilized, the sound quality, and the durability of counterfeit devices are subpar compared to those provided by reputable manufacturers of mobile accessories.

Mobile Phone Accessories Market Segmentation

By Product Type:

• Power Banks

• Batteries

• Chargers

• Wired

• Wireless

• Protective Cases & Covers

• Headsets

• Portable Speakers

• Memory Cards

• Data Cables

• Mount & Stands

• Selfie Stick

• Others (Stylus Pen)

By Packaging Type:

• Folding Cartons

• Clear View Boxes

• Pouches & Bags

• Clamshells

• Blister Packs

• Trays

By Sales Category:

• By Brands

• By 3rd Parties

• By White Labels/No Name Brands

By Price Range:

• Premium (Above US$ 50)

• Mid (US$ 20 to US$ 50)

• Low (Below US$20)

By Sales Channel:

• Retail Outlets (Multi-Brand Outlets)

• Electronic Stores

• Franchise Outlets

• Exclusive Stores (Branded Stores)

• E-Commerce

By Region:

• North America

• Latin America

• Western Europe

• Eastern Europe

• Asia Pacific (APAC)

• Middle East & Africa (MEA)

• Japan

About the Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analysing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Authored by:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.

Have a Look at Related Research Reports of Consumer Product Domain

The wireless headphones market is likely to hold the global market at a moderate CAGR of 14.2% during the forecast period. The global market holds a forecasted revenue of USD 48.15 Billion in 2022 and is likely to cross USD 181.66 Billion by the end of 2032.

The clip-on headphones market is projected to register a CAGR of 17% during the forecast period, up from USD 70 Billion in 2021 to reach a valuation of USD 392 Billion by 2032.

The consumer electronics market is projected to be valued at USD 3,296.66 million in 2023. The report anticipates a valuation of USD 5,820.65 million by 2033. Consumer electronics sales are expected to record a CAGR of 5.80% during the forecast period.

The global electric skateboard market is slated to reach USD 2,061.2 million in 2023 and is further likely to reach USD 3,691.4 million by the end of the forecast period. Throughout the aforementioned assessment period, sales of electric skateboards are projected to continue flourishing, reflecting a value CAGR of 6%. From 2018 to 2022, the market registered a growth rate of 5.4% CAGR.

The home theatre system market size is predicted to expand at a robust 9.5% CAGR during the forecast period. The home theatre system market global analysis indicates that the revenue stands at USD 11,667.1 million in 2024 and is projected to surpass USD 28,913.8 million by 2034.

In 2024, the global wireless security camera market was valued at approximately USD 5,874.5 million, reflecting a CAGR of around 12.9% through 2034. It is slated to surpass USD 19,687.5 million by the end of 2034.

The Laptop accessory market is poised for strong growth, surging at a CAGR of 7% to reach USD 81,217.5 million by 2034 from USD 41,224.4 million in 2024.

The global DMAE cream market size will likely traverse a moderate advancement to reach USD 315.7 million by 2034, elevating the size from USD 179.4 million in 2024. The DMAE cream market growth rate will be paced moderately at a 5.8% CAGR during this period.

The dive computer market is poised to experience a remarkable ascent, with a projected CAGR of 5.90%. By 2034, industry pundits predict that the market is going to reach an astounding valuation of USD 1,249.40 million, representing a substantial upsurge from its current value of USD 705.3 million.

The art and craft material market is set to register a CAGR of 5.4% through 2034. The market is targeting to increase from USD 23.1 billion in 2024 to USD 39.0 billion by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

SOURCE: Future Market Insights, Inc.