PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550684
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550684
Global mobile phone accessories market is estimated to be valued at US$ 108.23 Bn in 2024 and is expected to reach US$ 172.03 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 108.23 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.80% | 2031 Value Projection: | US$ 172.03 Bn |
Mobile phones have become an integral part of people's lives and have permeated all sections of societies across the world. This has boosted demand for associated mobile accessories aimed at protecting the expensive devices, enhancing functionalities, and enabling quick connectivity and charging solutions. Advancements in cellular technologies have enabled high-speed internet access through smartphones, thus, allowing users to stream high definition content on-the-go. The influx of low-cost smartphones and falling data tariffs in developing nations have also expanded the consumer base, thus, boosting uptake of mobile accessories.
Global mobile phone accessories market growth is driven by rising demand for feature-rich smartphones and increasing uptake of wireless connectivity technologies. Growing adoption of smartphones across age groups and regions, introduction of technologically advanced mobile accessories by top brands, and availability of low-cost accessories can drive the market growth. However, availability of counterfeit products may hinder the sales of legitimate brands. Meanwhile, proliferation of e-commerce offer opportunities for market players to tap into untapped rural markets. Ongoing upgrades in cellular standards such as 5G and adoption of fast charging solutions can also offer growth opportunities.
This report provides in-depth analysis of the global mobile phone accessories market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include Aukey, Belkin International Inc., Bose Corporation, Google (Alphabet Inc.), Huawei Technologies Co. Ltd., Incipio, Jabra (GN Audio), LG Electronics, Luxshare Precision, MI (Xiaomi Corporation), Panasonic, Philips, PISEN, Samsung Electronics, and Sony Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global mobile phone accessories market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mobile phone accessories market
Detailed Segmentation-