Global Mobile Phone Accessories Market to Reach US$162.8 Billion by 2030

The global market for Mobile Phone Accessories estimated at US$106.9 Billion in the year 2023, is expected to reach US$162.8 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Protective Case, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$46.6 Billion by the end of the analysis period. Growth in the Headphone segment is estimated at 8.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$28.3 Billion While China is Forecast to Grow at 9.2% CAGR

The Mobile Phone Accessories market in the U.S. is estimated at US$28.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.3 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Global Mobile Phone Accessories Market - Key Trends and Drivers Summarized

The mobile phone accessories market is thriving, fueled by the increasing global adoption of smartphones. These accessories, ranging from protective gear to connectivity enhancers, are crucial for extending the functionality and personalization of mobile devices. Smart wearables, such as fitness trackers, smartwatches, and augmented reality glasses, have become particularly influential, transforming user interactions with digital devices by providing real-time health data, enhanced productivity, and seamless connectivity. The rise of wireless technology, evidenced by the growing demand for wireless headsets and speakers, aligns with technological advancements and shifts in consumer behavior. The market is also bolstered by the increasing number of teenagers owning smartphones, driving demand for trendy and functional accessories like stylish covers and high-quality headphones. Additionally, the preference among young working adults to frequently change their phone covers for aesthetic or functional reasons contributes to the robust growth of this sector.

The convergence of improved smartphone features, reduced prices, and AI-enhanced online shopping experiences is further propelling the market`s expansion. These factors make it easier and more appealing for consumers to purchase mobile accessories. Products that offer both protection and style are becoming increasingly popular, reflecting a consumer preference that values both functionality and aesthetic appeal. The growing internet penetration and sophisticated AI-driven marketing strategies are significantly enhancing product visibility and boosting market demand. There is a notable opportunity for designing and selling both protective and stylish phone cases tailored to various preferences and smartphone models. High-quality screen protectors remain essential for protecting devices against physical damage, while durable and fast-charging cables, as well as wireless chargers, cater to the growing demand for convenience.

Emerging technologies such as wireless charging, augmented reality (AR), and virtual reality (VR) accessories are reshaping the interaction with digital content by offering immersive experiences. Wireless charging technology, which eliminates the need for cables and reduces wear and tear on smartphone ports, has rapidly gained traction as a preferred charging method. Innovations like Samsung Electronics` SmartThings Station, which doubles as a smart home hub and a wireless charger, highlight the growing functionality of phone accessories. AR devices, such as glasses and headsets, enrich real-world environments with virtual elements, useful in various applications from gaming to shopping. Meanwhile, VR accessories create entirely virtual environments that offer realistic and engaging multimedia experiences. These advancements enable users to transcend physical limitations and enjoy a myriad of virtual interactions, positioning the mobile phone accessories market for significant growth driven by continuous technological integration and evolving consumer needs.