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Global Mobile Phone Accessories Market Expected To Reach $255,149 Million By 2023Aug 06, 2018

According to a new report by Allied Market Research, titled, "Global Mobile Phone Accessories Market by Product type, Distribution Channel, and Price Range: Global Opportunities Analysis and Industry Forecast, 2017-2025", the global mobile phone accessories market was valued at $217,278 million in 2017, and is projected to reach at $255,149 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023.

Mobile phone plays an important and vital role in modern day to day life. People add value to their mobile phones through different mobile accessories that enhance the functionality of the equipment as well as protect the phone from damage. Rise in demand for wireless accessories drives the growth of the mobile phone accessories market.

Asia-Pacific was the highest revenue contributor to the global mobile phone accessories market in 2017, accounting for around 46.50% share, due to the rapid technological advancements and increase in the adoption of smartphones.

The mobile accessories market has seen rapid surge in the past few years. As the companies are coming up with new technologies such as fast charging, demand for the portable mobile products are increasing rapidly. Portable mobile accessories help to enhance the mobile experience of the customer by providing additional products which can be attached with their smartphones and can be used in various application areas such as enhancing music experience or protecting the mobile by use of protectors. USB cable, Car charger, Portable speaker, power banks and Bluetooth earphones and headphones are some of the highest revenue generating product for mobile accessories.