The Global Mobile Phone Accessories Market size valued to USD 202.45 billion in 2020, is predicted to reach USD 328.70 billion by 2030 with a CAGR of 4.5% from 2021-2030.
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Competitive Landscape
The mobile phone accessories market, which is highly competitive and fragmented, consists of various market players. Some of the major market players include Samsung Electronics, Energizer, Panasonic Corporation, Sony Corporation, JVC Corporation, BYD Inc., Beats (Apple Inc.), Sennheiser Electronics GmbH & Co. KG, Otterbox, Bose Corporation, Plantronics Pty Ltd, and Griffin Technology among others.
The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall growth of the mobile phone accessories market. For instance, in September 2019, Sennheiser’s premium MOMENTUM headphone range entered its third generation, with the launch of the new MOMENTUM Wireless at IFA 2019. Sennheiser’s headphones claim to be the latest addition to the ‘audio specialist’s iconic range’ that offers superior sound, a modern design aesthetic, cutting-edge technology, and a touch of handcrafted indulgence to every moment.
In February 2020, one of the major players of the global mobile phone accessories market, Samsung Electronics collaborated with the iconic New York fashion brand Thom Browne introducing its ‘Galaxy Z Flip Thom Browne Edition.’ Galaxy Z Flip Thom Browne Edition draws on Samsung’s all new Galaxy Z Flip device, complemented with Galaxy Buds+ and Galaxy Watch Active2, depicting the fashion brand’s bold and timeless style to introduce a groundbreaking foldable smartphone experience. The limited-edition smartphone is the first of its kind to be encased in glass while still having a matte look that is soft to the touch and effortless to hold with a classic grey pebble leather phone case, featuring the distinctive Thom Browne signature brand colors down the center; the perfect blend of art and technology.
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Market Segmentations and Scope of the Study:
The global mobile phone accessories market share analysis is based on product, distribution channel, price range, and geography.
Based on product, the market is segmented into Battery, Headphone/earphone, smart speaker, charger, memory card, power bank, battery case, protective case, bluetooth speakers, screen protection, smart watch, fitness bands, AR & VR headsets, mount and stand, data cables and selfie stick. Based on the channel of distribution, the market is divided into online and offline. Based on price range, the market is divided into low, medium, and premium. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America shows a higher dominance on the global mobile phone accessories market, accounting for the highest market shares. This is attributed to factors such as increased adoption of wireless accessories, presence of advanced technology and higher inclination towards digitalization.
Asia-Pacific is projected a rapid development in the global mobile phone accessories market, growing with the highest CAGR, due to higher internet penetration, increasing adoption of smartphones, and their reduced prices. Increased per-capita income and advancements in product technologies, are further leading to supplement the market growth in this region.
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