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In 2023, the market players such as Apple inc, Samsung electronics, Belkin international inc, Bose corporation, Logitech, Sony corporation and Xiaomi corporation. collectively held around 25%-30% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Major players operating in the market are:
The protective cases segment in the mobile accessories market recorded USD 25.57 billion in 2023 and is expected to reach USD 40.6 billion by 2032 as they are designed to provide safety and protection to the smartphones.
Asia pacific industry generated USD 38.38 billion in 2023 and is expected to reach USD 70.62 billion by 2032 due to the presence of manufacturing hubs in China, Taiwan, and south Korea.
The market size for mobile accessories was valued at USD 84.70 billion in 2023 and is estimated to grow at 7% CAGR during 2024-2032 due to the increasing number of smartphone users worldwide.
Anket Power Core, Apple Inc., Aukey, Belkin International Inc., Bose Corporation, Google, Groove Made Walnut, Harman International Industries, Incipio LLC, and Logitech International S.A. among others.