Mobile Phone Power Accessories Market Report 2024

The mobile phone power accessories market size has grown strongly in recent years. It will grow from $34.91 billion in 2023 to $37.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. During the historic period, growth was driven by several factors including increased smartphone penetration across global markets, continuous technological advancements in mobile phone technology and accessories, rising disposable income levels among consumers, the widespread adoption of e-commerce platforms facilitating easy access to mobile accessories, and the overall increase in mobile usage worldwide.

The mobile phone power accessories market size is expected to see strong growth in the next few years. It will grow to $50 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. In the forecast period, growth is expected to be driven by the rollout of 5G technology, a growing number of mobile users globally, continuous technological innovations in mobile accessories, increasing emphasis on sustainability trends, and the proliferation of IoT (Internet of Things) devices. Key trends anticipated during this period include the adoption of wireless charging technologies, advancements in fast charging solutions, the popularity of portable power banks, a shift towards eco-friendly product options, the development of multi-functional accessories, and the integration of smart power management features in mobile phone accessories.

The mobile phone power accessories market is set to grow driven by increasing smartphone adoption. This rise is fueled by efforts to enhance user experiences and affordability, supported by competitive pricing and financing options. Moreover, expanding internet access and the popularity of online services further boost smartphone demand. Mobile phone power accessories play a crucial role in extending battery life and ensuring uninterrupted daily usage. For example, Uswitch Limited reported in February 2024 that mobile connections in the UK increased by 3.8% to 71.8 million compared to 2021, reflecting a growing smartphone user base. By 2025, it is expected that 95% of the UK population, approximately 65 million people, will own smartphones, underscoring the expanding market for mobile phone power accessories.

Leading companies in this market are focusing on innovating sustainable charging devices to meet consumer demand for environmentally friendly products. These innovations prioritize reducing environmental impact, enhancing energy efficiency, and utilizing sustainable materials. Sustainable charging devices include chargers, power banks, and other accessories designed with minimal environmental footprint in mind. For instance, HARMAN International launched the InfinityLab line in September 2021, featuring non-audio products and power accessories made from 90% recycled plastic. This eco-friendly range includes wall chargers, wireless stands, power banks, and cables woven from recycled polyester yarn, catering to environmentally conscious consumers.

In March 2024, Hemilton Group expanded its market presence by acquiring Anker Innovations Co. Ltd.'s Israel operations, a move aimed at enhancing product offerings and achieving economies of scale. Anker Innovations Co. Ltd., based in China, specializes in wireless and smartphone accessories, aligning with Hemilton Group's strategy for regional expansion and innovation through collaborative R&D efforts.

Major companies operating in the mobile phone power accessories market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group Limited, Panasonic Corporation, LG Electronics Inc., Xiaomi Corporation, Energizer Holdings Inc., Anker Innovations Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme, ZAGG Inc, Belkin International Inc., Spigen Inc, Scosche Industries Inc., AUKEY Official, Baseus, Ambrane India Pvt. Ltd., RAVPower Technology Co. Ltd., iOttie Inc., Satechi Corporation, Griffin Technology, America Ugreen Limited, Power Practical LLC.

Asia-Pacific was the largest region in the mobile phone power accessories market in 2023. The regions covered in the mobile phone power accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mobile phone power accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Mobile phone power accessories encompass a range of devices designed to provide additional power to mobile phones, allowing users to charge their devices without access to a wall socket. These accessories enhance the convenience and usability of mobile phones by extending battery life, particularly useful during travel or when away from traditional power sources.

Key product types in mobile phone power accessories include power banks, wireless chargers, battery cases, and portable chargers. Power banks are portable devices that store electrical energy and are used to charge smartphones and other electronic devices on the move, providing essential convenience for users needing to recharge their devices away from a power source. These accessories are categorized by charging capacity, typically below 5,000 mAh, 5,000 to 10,000 mAh, and above 10,000 mAh, and are available through distribution channels such as online retail and offline retail outlets.

The mobile phone power accessories market research report is one of a series of new reports that provides mobile phone power accessories market statistics, including mobile phone power accessories industry global market size, regional shares, competitors with an mobile phone power accessories market share, detailed mobile phone power accessories market segments, market trends and opportunities, and any further data you may need to thrive in the mobile phone power accessories industry. This mobile phone power accessories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mobile phone power accessories market consists of sales of external battery packs, battery cases, USB-C cables, lightning cables, micro-USB cables, fast charging adapters, and universal adapters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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