Mobile Accessories Statistics 2024 By New Tech With Hardware

Introduction

Mobile Accessories Statistics: Mobile accessories are extra hardware or add-ons that enhance the functionality, convenience, and appearance of smartphones.

They not only serve practical purposes but also allow users to personalize and safeguard their devices. These accessories include phone cases, chargers, headphones, and more.

The widespread use of smartphones, technological advancements, wireless technology, and the desire for personalization and protection drive the growing demand for mobile accessories.

This makes the mobile accessories market a thriving segment within the broader mobile industry. The market for mobile accessories is primarily powered by the increasing use of smartphones. Leading to higher demand for items like phone cases and chargers.

This trend is expected to continue as more people adopt smartphones. Additionally, ongoing advancements in mobile technology. Such as improved camera features and faster processors, further drive the need for these accessories.

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• In 2020, it stood at 254.5 billion USD, and it continued to expand in 2021, reaching 278.2 billion USD.
• In 2022, the market revenue stood at $295.5 billion, which is expected to rise to $317.7 billion in 2023.
• In 2021, the Asia Pacific region emerged as the market leader. Commanding a substantial 46.2% share, and it is poised for noteworthy growth shortly.
• Notably, within the Asia Pacific, China played a pivotal role. Contributing significantly with a 55.2% share of the overall revenue in 2021.
• In 2020, the estimated value of this market reached £1.9 billion in the UK and a substantial £61.5 billion globally.
• The offline segment in the mobile accessories market dominated by holding over 65% of the industry share in 2022 and by 2032, it is expected to reach over USD 95 billion.
• Wireless charging has exhibited substantial growth over the years. In 2020, the market size was valued at USD 12.7 billion, and it experienced significant expansion in 2021, reaching USD 17.5 billion.
• 84% of households in the United States are proud owners of smartphones. Which translates to more than 270 million American consumers wielding these devices.
• In 2019, batteries held the largest share with 27.40%, slightly decreasing by 2027 to 27.10%. Followed by headphones at 36.20%, portable speakers at 18.70%, memory cards at 8.00%, and chargers at 9.80%.

Global Mobile Accessories Market Size Statistics

• The revenue generated in the mobile accessories market has witnessed and is projected to exhibit steady growth over the years during the forecast period.
• In 2020, it stood at 254.5 billion USD, and it continued to expand in 2021, reaching 278.2 billion USD. (Source: Statista)
• In 2022, the market revenue stood at $295.5 billion, expected to rise to $317.7 billion in 2023.
• Subsequently, the market is anticipated to continue its upward trajectory. Reaching $338.4 billion in 2024, $370.5 billion in 2025, and $401.9 billion in 2026. The growth of the market is expected to persist, with revenue estimates of $428.1 billion in 2027, $447.9 billion in 2028, and $481.5 billion in 2029.
• Further into the future, the mobile accessories market is projected to reach $512.9 billion in 2030, $551.4 billion in 2031, and $598.1 billion in 2032 at a 7.5% CAGR. Indicating a promising outlook for the industry.

(Source: Market.us)

Mobile Accessories Regional Statistics

• In 2021, the Asia Pacific region emerged as the market leader. Commanding a substantial 46.2% share, and it is poised for noteworthy growth soon.
• Notably, within the Asia Pacific, China played a pivotal role. Contributing significantly with a 55.2% share of the overall revenue in 2021.
• Shifting the focus to the United States, the mobile phone accessories market exhibited distinct revenue figures in various years. In 2017, it stood at a certain level, which evolved to 28.53 billion U.S. dollars in 2018.
• Projections indicate substantial growth, with the market size expected to reach 74.43 billion U.S. dollars by 2026.
• From 2019 to 2027, there were slight changes in the market shares across different regions. In 2019, the Asia Pacific region led with 47.50%, and China contributed to the majority of the share and accounted for 55.2% share of the overall revenue.
• Mobile phone accessories market value in Asia-Pacific occupied more than USD 110 billion.
• Followed by North America at 23.50%, and Europe at 15.40%. The Middle East and Africa (MEA) at 10.00%, and Latin America at 3.60%.
• The mobile phone accessories market of North America will grow and record a CAGR of more than 3.0% from 2023 to 2032.
• By 2027, the Asia Pacific maintained its lead with a slightly reduced share of 46.50%. While North America decreased to 22.60%.
• Europe also saw a minor decline to 14.90%, whereas MEA experienced an increase to 12.00%, and Latin America’s share rose to 4.00%. These shifts highlight relatively stable regional dynamics over this period.

(Source: DataIntelo)

Mobile Accessories Market Growth Drivers Statistics

• The global mobile phone accessories market is anticipated to experience growth. Driven by increasing sales of items like back covers and many more accessories in the future.
• Additionally, in 2018, 75% of smartphone users were observed utilizing protective cases for their devices.
• Moreover, the urban population was observed to comprise about 4.5 billion individuals in 2021 globally, with projections indicating a rise to 6.5 billion by 2050. 2020 witnessed more than 1.5 billion people online shopping across a vast network of 24 million E-Commerce platforms.
• As of 2022, an estimated 55% of the world’s population actively uses social media platforms.
• In audio accessories, truly wireless stereos exhibited growth, with unit share sales. Projected to be around 12% in 2020 and subsequently increasing to approximately 18% in 2021.
• Furthermore, the estimated global internet user population will reach approximately 4.5 billion in 2022.

(Source: Research Nester)

Mobile Accessories In-App Purchases Statistics

• On average, users allocate $0.50 per month for in-app purchases (IAP) in apps with purchase activity. While those who engage in paid transactions spend an average of $9.60 monthly.
• The typical purchase amount varies across platforms, with iOS users averaging $12.77. Android users at $6.19, and an overall average of $8.80.
• Regarding user participation, 7.1% of iOS users make at least one monthly payment, compared to 4.6% of Android users.
• Regionally, Asian users lead in monthly in-app spending, allocating $0.70 per app. Whereas Latin Americans exhibit the lowest spending at $0.16.
• Notably, North American consumers outspend Europeans by 2.5 times and surpass Asian shoppers by threefold, highlighting significant spending disparities.
• Additionally, gaming apps see an average monthly in-app spend of $0.32 when categorizing apps, while shopping apps top the list at $2.68 per month.

(Source: AppsFlyer)

Smartphone and Mobile Accessories Usage Statistics

• The market for smartphone accessories, encompassing items such as headphones, chargers, and phone cases, is thriving. On average, smartphone users aged 16 to 24 possess approximately eight different types of accessories, while adults generally own an average of six.
• In 2020, the estimated value of this market reached £1.9 billion in the UK and a substantial £61.5 billion globally.
• Notably, cable chargers (98%), phone cases (76%), and wired earphones (64%) emerge as the most commonly owned smartphone accessories among users. Furthermore, the popularity of wireless audio devices. Wireless headphones (24%) and wireless earbuds (17%), are rising, reflecting evolving consumer preferences in the accessory market.
• The prevalence of smartphone ownership has experienced significant growth over the years. Surging from 52% in 2012 to a substantial 89% in 2020 among individuals aged between 16 and 75 in the UK. Totaling approximately 43.2 million people who use smartphones.
• Remarkably, an overwhelming 95% of smartphone owners use their devices daily.
• Yet, it is noteworthy that a notable portion, approximately 37%, express a sense of overuse. Feeling that they rely on their smartphones excessively.
• In 2019, among Nordic users, wired earphones emerged as the most prevalent phone accessory. Specifically, 81 % of individuals aged between 18 and 24 possessed wired earphones.
• In contrast, wireless earphones were less common among the same age group, with only 30% of respondents opting for this technology.

(Source: Delloite)

Mobile Accessories Market Segment Statistics

• The offline segment in the mobile accessories market dominated by holding over 65% of the industry share in 2022 and by 2032, it is expected to reach over USD 95 billion.
• The protective cases product type segment in the mobile accessories market is forecast to register a CAGR of over 5% by 2032. The rising demand for back covers and protective cases among consumers is behind the segment’s growth.
• In 2019, the online distribution channels segment accounted only for 3.10% of the total, while the offline segment dominated at 62.50%.
• Looking ahead to 2027, the online segment remained the same as in 2019 at 3.10%, while offline declined slightly to 62.10%.

(Source: DataIntelo)

Wireless Charging Statistics

• The wireless charging market has exhibited substantial growth over the years. In 2020, the market size was valued at USD 12.7 billion, and it experienced significant expansion in 2021, reaching USD 17.5 billion.
• The trend continued in 2022, with the market size increasing to USD 23.7 billion. Projections for the coming years are equally promising, with the market size anticipated to reach USD 31.1 billion in 2023, USD 40.4 billion in 2024, and a remarkable USD 52.3 billion in 2025.
• The growth trajectory continues through 2030, with forecasts indicating a market size of USD 185.9 billion by the end of that year.
• This data reflects the increasing adoption and demand for wireless charging technologies across various industries and consumer segments.

(Source: Statista)

Types of Smartphone Accessories Consumers

• Among smartphone owners aged 16 to 24, there is a higher propensity to possess a broader range of accessories.
• As well as, the ownership of eReaders has experienced a decline, slipping from 31% in 2015 to 26% in 2019, with merely 30% of eReader owners incorporating them into their daily routines.
• Furthermore, the adoption of smartwatches has seen a notable uptick, ascending from a mere 1% in 2014 to 10% in 2019, and a substantial 64% of smartwatch owners integrate them into their daily lives.
• A study of 4,150 participants sheds light on the smartphone usage habits of UK residents. It reveals that a remarkable 89% of the population now possesses a smartphone, indicating that smartphone ownership has likely peaked in the country.
• Interestingly, the smartphone accessory market is growing, particularly among users aged between 16-24, who, on average, own eight different smartphone accessories. Among all adults, the average stands at 6 accessories per user. Surprisingly, 53% of individuals in the 16-24 age group use their smartphones daily for activities like watching stories, short videos, and live posts, while only 37% use them daily for phone calls.

(Source: Delloite)

Mobile E-commerce Statistics

• 84% of households in the United States are proud owners of smartphones, which translates to more than 270 million American consumers wielding these devices.
• Impressively, at least 79% of these smartphone users have ventured into online shopping using their mobile devices within the past six months.
• When the 2022 holiday season rolled around, it was estimated that over 50% of all e-commerce transactions were conducted through smartphones.
• Furthermore, eCommerce is now a significant player, comprising 15% of the total retail revenue pie.
• 80% of shoppers utilized their mobile phones while inside physical stores, employing them to check product reviews, compare prices, or find alternative store locations. On a global scale, an astonishing 15 billion mobile-connected devices are currently in active use, underscoring the ubiquity and importance of mobile technology in our modern world.
• In the past year, approximately 56% of online sales originated from mobile devices, marking a continued upward trend that has persisted since the inception of smartphones.
• Notably, during the 2021 holiday season, American consumers displayed their enthusiasm for online shopping by collectively spending a substantial $17.2 billion, reflecting a notable growth of over 10% compared to the previous year.
• Looking ahead, Adobe projects a significant surge in online consumer spending in 2022, with an estimated total of nearly $210 billion set to be spent online, underscoring the ever-expanding digital commerce landscape.

(Source: OuterBox)

Mobile Accessories Product Types

• Between 2019 and 2027, there were marginal changes and fluctuations in the market share of mobile accessories such as batteries, portable speakers, memory cards, headphones, and chargers.
• In 2019, batteries held the largest share with 27.40%, slightly decreasing by 2027 to 27.10%. Followed by headphones at 36.20%, portable speakers at 18.70%, memory cards at 8.00%, and chargers at 9.80%.
• By 2027, there were subtle shifts, with these mobile accessories, portable speakers increasing marginally to 19.10%, memory cards seeing a slight uptick to 8.20%, headphones dipping slightly to 35.10%, and chargers maintaining a relatively stable share at 9.90%.
• These changes indicate a relatively steady and stable market with only minor market changes in consumer preferences towards mobile accessories over this period.

(Source: DataIntelo)

Recent Developments

Acquisitions and Mergers:

• Belkin acquired by Foxconn: In 2023, Foxconn completed its acquisition of Belkin International for $866 million. This move strengthens Foxconn’s presence in the mobile accessories market, adding popular brands like Linksys and Wemo under its umbrella, allowing them to expand their accessory offerings for smartphones and smart homes.
• OtterBox merges with LifeProof: In mid-2023, OtterBox, known for its rugged phone cases, merged with LifeProof. Another strong player in protective mobile accessories formed a joint venture valued at $350 million. The merger is expected to boost both companies’ innovation in creating durable and eco-friendly accessories.

New Product Launches:

• Apple’s MagSafe Battery Pack: In early 2024, Apple introduced a new MagSafe Battery Pack for iPhones. Which offers wireless charging and a compact, magnetically attachable design. This product is expected to drive further interest in MagSafe accessories, contributing to Apple’s accessory revenue growth.
• Samsung’s Wireless Charging Trio: Samsung launched the Wireless Charging Trio in late 2023. A new accessory that allows users to charge three devices—smartphone, smartwatch, and earbuds—simultaneously. This product highlights the growing demand for multi-functional accessories that support multiple devices.

Funding:

• Anker secures $200 million in funding: Anker Innovations, a leader in mobile accessories like chargers, cables, and portable power banks. Raised $200 million in 2023 to expand its product line and invest in R&D for fast-charging technology. The funding aims to strengthen Anker’s market position, especially in the global fast-charging segment.
• Nimble raises $50 million for sustainable accessories: Nimble, a company specializing in eco-friendly mobile accessories, secured $50 million in early 2024. The investment will be used to expand their line of sustainable, biodegradable phone cases and chargers, targeting environmentally conscious consumers.

Technological Advancements:

• Fast Charging Technology: With the increasing demand for faster charging solutions, advancements in GaN (Gallium Nitride) technology are revolutionizing mobile chargers, making them more compact and efficient. By 2024, it is projected that 35% of mobile chargers will incorporate GaN technology, providing faster charging with less heat generation.
• 5G-Compatible Accessories: As 5G adoption continues to grow, mobile accessories like signal boosters and 5G-compatible charging stations are becoming essential. The demand for 5G-specific accessories is expected to grow by 20% annually as more consumers switch to 5G devices.

Market Dynamics:

• Growth in Mobile Accessories Market: This growth is driven by increasing smartphone penetration, higher demand for wireless audio products, and the rise of multi-functional accessories.
• Rising Demand for Wireless Accessories: There is a significant shift towards wireless accessories, including Bluetooth earphones, wireless chargers, and smartwatches. In 2023, wireless accessories accounted for over 40% of the total mobile accessories market, and this trend is expected to continue as consumers prioritize convenience and portability.

Conclusion

Mobile Accessories Statistics – In conclusion, the statistics on the mobile accessories market give an outlook of a thriving and rapidly growing industry.

The projected revenues and growth rates indicate a strong demand for accessories. China stands out as a major contributor to market volume.

The increasing number of users and rising user penetration underscore the widespread adoption of mobile accessories. While the average revenue per user suggests a lucrative market.

These statistics highlight the market’s potential for continued expansion and profitability, making it an attractive sector for businesses and investors.

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