Mobile Phone Accessories Market Trends, Share and Business Report 2023-2028

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Mobile Phone Accessories Market Trends, Share and Business Report 2023-2028

The global mobile phone accessories market size reached US$ 85.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

How Big is Mobile Phone Accessories Market ? :

IMARC Group’s latest research report, titled “Mobile Phone Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the mobile phone accessories market report . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global mobile phone accessories market size reached US$ 85.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Mobile Phone Accessories Uses:

Mobile phone accessories represent a set of various additional software or hardware applications that are not deployed as an integral component for operating smartphones as created by manufacturers. They comprise portable speakers, power banks, gaming controllers, camera lens attachments, universal serial bus (USB) cables, virtual reality (VR) headsets, and Bluetooth devices. Mobile phone accessories assist in enhancing appearance, protecting devices from several types of damage, promoting longevity of the gadget, improving the productivity of phones, augmenting sound quality, and offering optimal comfort to the users. As a result of these properties, these applications are extensively used by users for incorporating additional features and entertainment and communication purposes.

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Mobile Phone Accessories Market Connectivity and Development:

The escalating demand for smartphones as a cost-effective entertainment and communication medium is among the primary factors driving the mobile phone accessories market. Besides this, significant technological advancements, such as the introduction of various state-of-the-art premium battery chargers, virtual reality (VR) headsets, and wireless earphones or headphones with enhanced sound quality and noise cancellation solutions, are further augmenting the market growth. Moreover, the easy accessibility of high-speed internet connectivity with the support of fourth and fifth-generation (4G/5G) long-term evolution (LTE) networks and the easy availability of smartphone accessories across online and offline retail channels are also catalyzing the global market. Apart from this, the rising production of artificial intelligence (AI) integrated wearable devices, including smartwatches for monitoring notifications and attending calls efficiently and fitness bands to examine heart rate, body temperature, and blood pressure, is acting as another significant growth-inducing factor. Furthermore, the launch of innovative screen protectors and cases to enhance privacy, protect against ultraviolet (UV) damage, and repel dust and dirt is anticipated to propel the mobile phone accessories market over the forecasted period.

Key Players Included in Global Mobile Phone Accessories Market Research Report: