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2020
Mobile Phone Accessories Market

Mobile Phone Accessories Market by Product Type (Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Protective Case, Power Bank, Battery Case, Screen guards, Popsockets, and Others), Distribution Channel (Online and Offline), and Price Range (Premium, Mid, and Low): Global Opportunity Analysis and Industry Forecast, 2019–2026
Update Available On-Demand

A01270
Pages: 369
Mar 2020 | 110563 Views
Author(s) : Divyanshi Tewari & Asavari Patil , Vineet Kumar
Tables: 203
Charts: 114
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Mobile Phone Accessories Market Outlook - 2026

The global mobile phone accessories market size was valued at $224.69 billion in 2018, and is projected to reach at $284.06 billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026. Mobile phone plays an important and vital role in modern day to day life. Increase in the adoption of smartphones, as they offer effective connectivity to the digital world majorly drives the mobile phone accessories market. Rise in demand for wireless accessories also boosts the market growth. This increase in demand is due to the change in customer preferences to listen to music on portable devices, such as smartphones and tablets.

Mobile Phone Accessories Market

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Rise in demand for wireless accessories drives the mobile phone accessories market growth. This increase in demand is due to the change in customer preferences to listen to music on portable devices, such as smartphones and tablets. Music is easily accessible through music streaming platforms, which include YouTube and SoundCloud. The demand for mobile phone accessories has increased due to an upsurge in disposable income and rise in the popularity of social networking sites in urban areas. In addition, increase in internet penetration also boosts the online retailing platform. However, excessive use of headphones affects the hearing ability of the users, which restricts the market growth. Rapid technological advancements, including implementation of noise canceling technology, Bluetooth/NFC speakers, and built-in fan and light in selfie sticks, are expected to offer lucrative growth opportunities in the near future. However, the imposition of tariffs on imports and exports among leading manufacturing countries result in significant changes in the global technological landscape. The future market uncertainty restricts the companies to invest and reduce the pace of development.

The key players operating in the global mobile phone accessories market are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co Ltd., Plantronics, Inc., Energizer Holdings, Inc., and JVC Kenwood Corporation. Key players spend heavily on developing innovative accessories to gain mobile phone accessories market share.

Mobile Phone Accessories Market
By Product Type

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Portable Speakers is projected as the most lucrative segment.

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Segment Overview

The global mobile phone accessories market trends are analyzed on the basis of various segments including product type, distribution channel, price range, and region. By product type, the market is divided into battery, headphone/earphone, portable speaker, charger, memory card, power bank, battery case, protective case, screen guards, popsockets, and others (USB cable and selfie stick). By distribution channel, it is bifurcated into online and offline. By price range, it is segmented into premium, mid, and low. By region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East (LAMEA).

Growth in usage of smart mobile phones

Rapid technological development of mobile phones in the twenty-first century has led to its adoption as a utility, used for day to day tasks such as alarm, task reminders, remote controlling appliances, and others. Further, the entertainment and media exploring functionalities such as large touch screens, speakers, easy control volume buttons, voice control intelligence, and other applications, add value in the market. As a result, smartphones have found replacement of laptops, cameras, wrist watches, and other electronics up to a considerable level. Moreover, the features such as handsfree and others generate the need of headsets and earphones urge the user to buy these mobile accessories. Furthermore, the fragile frame and display screen of mobile phones, drive users to purchase protective case and screen guards as well. These protective accessories are manufactured in terms of design and quality to attract users. Therefore, the increase in penetration of smartphone fuels the growth of the mobile phone accessories market as well.

Mobile Phone Accessories Market
By Price Range

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Premium accessories will dominant the market in 2026.

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Rise in usage of smart wireless accessories

Various features with the advancement of technology such as AI and IoT make way for hyper connectivity and intelligence in the electronic devices. This promotes the use of wireless mobile accessories such as smart wearable, smart speakers, wireless headsets & earphones, and others. Furthermore, the advancement in the sector of smart wireless mobile accessories result in mobile phone accessories industry growth. For instance, U.S. based company & world leader, Amazon, launched series of Echo Show 5 display speakers with integration of AI called as Alexa. Moreover, the rise in adoption of health monitoring smart wearable such as fitness bands, fosters the growth of the mobile phone accessories market.

Adverse effect of hearing disability

Rapid growth in the use of mobile phones, headsets, and portable music players has increased the use of wireless accessories and this has led to many adverse hearing effects. The prolonged use of headphones at high-volume limits has caused temporary as well as permanent sensory damages, which limits the market growth.

Technological advancements in imaging and photographic accessories

The increase in vertical of media & entertainment has brought advanced photographic and video graphic mobile phone accessories. The imaging accessories used in smartphones such as tripods, stabilizer stands, phone lenses, instant photo printer, and others. Further, penetration in the usage of social media applications such as Facebook, Instagram, and others has raised the number of casual photographers, which is expected to boost the market of photo and imaging mobile accessories.

Mobile Phone Accessories Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 3.6% during 2019-2026

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Key Benefits for Stakeholders:

  • This study comprises analytical depiction of the global mobile phone accessories market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall mobile phone accessories market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current mobile phone accessories market forecast is quantitatively analysed from 2012 to 2025 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The report includes the market share of key vendors and market trends.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Battery
  • Headphone/Earphone
  • Portable Speaker
  • Charger
  • Memory Card
  • Power Bank
  • Battery Case
  • Protective Case
  • Screen Guards
  • Popsockets
  • Others

By Distribution Channel
  • Online
  • Offline

By Price Range
  • Premium
  • Mid
  • Low

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players
  • APPLE INC
  • BOSE CORPORATION
  • BYD COMPANY LTD
  • ENERGIZER HOLDINGS, INC
  • JVCKENWOOD CORPORATION
  • PANASONIC CORPORATION
  • PLANTRONICS, INC
  • SAMSUNG ELECTRONICS CO. LTD
  • SONY CORPORATION
Other Key Market Players
  • APPLE INC
  • BOSE CORPORATION
  • BYD COMPANY LTD
  • ENERGIZER HOLDINGS, INC
  • JVCKENWOOD CORPORATION
  • PANASONIC CORPORATION
  • PLANTRONICS, INC
  • SAMSUNG ELECTRONICS CO. LTD
  • SONY CORPORATION
 

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Various features with the advancement of technology such as AI and IoT makes way for hyper connectivity and intelligence in the electronic devices. This has promoted the use of wireless mobile accessories such as smart wearable, smart speakers, wireless headsets & earphones, and others. Furthermore, the advancement in the sector of smart wireless mobile accessories result in the market growth of mobile accessories. For instance, the U.S. based company & world leader, Amazon, launched series of Echo Show 5 display speakers with integration of AI called as Alexa. Moreover, the rise in adoption of health monitoring smart wearable such as fitness bands, foster the growth of the mobile phone accessories market.

Increase in the adoption of smartphones globally, is expected to majorly drive the market as they offer seamless connectivity to the digital world. In addition, Bluetooth wireless devices offer portability, convenience, cost-effectiveness, efficiency, and flexibility, as compared to wired devices.

For instance, Apple Inc. has invented wireless ear pods, a latest update in the wireless headphones that delivers seamless music experience with wireless technology. This product launch is expected to enhance the company’s product portfolio.

The increase in dependency on smartphones for day to day business and personal usage influences the demand for various types of accessories in the market. In addition to this, the competitive pricing for traditional accessories and internet packs by telco operators, propel the demand for mobile phone accessories in the developing nations.

In 2018, Asia-Pacific was the highest contributor, in terms of revenue, in the global mobile phone accessories market with 46.5% of share. In addition, premium range mobile phone accessories contributed significant revenue to the market, majorly in the U.S. Furthermore, the portable speaker and power bank mobile phone accessories segments are anticipated to witness the highest growth rate during the forecast period.

Key market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to increase awareness about mobile phone accessories across various countries.

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