Mobile Accessories Market Size

Mobile Accessories Market size is expected to cross USD 220 billion by the end of 2036, growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of mobile accessories was over USD 91.9 billion. One of the main drivers of market expansion in the mobile phone accessories sector is the incorporation of cutting-edge functionalities. Competition has grown in the world's mobile phone market, as smartphone manufacturers seek to integrate cutting-edge features and technology to keep up with competitors. For example, in October 2022, Apple Inc., a multinational technology company based in the U.S. planned to release its flagship iPhone 14 Pro and Super Max devices.

In addition, sales of mobile accessories are expected to increase as a result of growing demand for wireless devices such as wireless charging in combination with frequent technological changes. Companies are coming up with new technologies like wireless headsets and speakers. In the past few years, this has increased demand for mobile accessories, which in turn is expected to drive the market revenue through 2036.