India Mobile Phone Accessories Market Set to Reach USD 18 Billion by 2030, Growing at a CAGR of 8%

India Mobile Phone Accessories Market Set to Reach USD 18 Billion by 2030, Growing at a CAGR of 8%

 

According to a report by Next Move Strategy Consulting, the global India Mobile Phone Accessories Market, is projected to grow significantly, reaching USD 18 billion by 2030. The market is anticipated to expand at a compound annual growth rate (CAGR) of 8% from 2024 to 2030.

Mobile phone accessories have become an essential part of the mobile experience, offering users the ability to enhance functionality, protect their devices, and personalize their gadgets. These accessories include a wide range of products such as cases, screen protectors, chargers, power banks, headphones, Bluetooth speakers, stylus pens, selfie sticks, and more, providing consumers with multiple options to customize their mobile phones according to their needs and preferences.

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Key Drivers of Market Growth

  1. E-Commerce Surge
    The growth of the e-commerce sector has been a key driver of the India mobile phone accessories market. Online shopping platforms have revolutionized how consumers purchase mobile accessories, offering easy access to a wide variety of products. The convenience of online shopping, combined with the ability to compare prices, read customer reviews, and find exclusive deals, has made it easier for consumers to make informed decisions. Additionally, e-commerce platforms allow manufacturers to reach a broader audience, enhancing market penetration and driving growth.
  2. Rising Smartphone Adoption
    The rapid adoption of smartphones in India is a significant factor fueling the demand for mobile phone accessories. Smartphones have become essential tools for communication, entertainment, and work, creating a consistent need for accessories that enhance and protect these devices. As smartphone upgrades and replacements become more frequent, consumers are looking for accessories compatible with the latest devices, contributing to a sustained increase in accessory sales. Furthermore, smartphone personalization and protection are major motivators for consumers, driving demand for items like cases, screen protectors, and headphones.
  3. Technological Innovations
    The integration of advanced technologies, such as augmented reality (AR), into mobile accessories presents new growth opportunities. AR-enabled phone cases and headsets, which enhance user interaction with mobile devices, are gaining popularity. As AR technology continues to evolve, there is a growing demand for accessories that can support immersive experiences, creating a niche market for innovative, future-ready mobile phone products.

Challenges

One of the major challenges facing the market is the fragmentation and compatibility issues associated with the wide variety of smartphone models and brands. The frequent release of new smartphone models with different designs, sizes, and specifications complicates accessory production. Manufacturers must continuously invest in research and development to ensure their products are compatible with the latest devices. Additionally, the rapid pace of technological advancements leads to frequent updates and variations in smartphone models, making it difficult for accessory companies to keep up.

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Competitive Landscape

The India mobile phone accessories market is highly competitive, with several global and regional players vying for market share. Leading companies in the market include:

  • Samsung Electronics
  • Apple Inc.
  • Bose Corporation
  • Sony Corporation
  • Xiaomi Corporation
  • Google
  • Skullcandy
  • com
  • Huawei Technologies Co. Ltd.
  • Imagine Marketing Ltd.

These companies are investing in new product innovations, strategic partnerships, and expanding their market presence through both online and offline channels to maintain their competitive edge. Additionally, the growing demand for high-quality, eco-friendly, and technologically advanced products is prompting manufacturers to focus on sustainability and technological integration in their offerings.

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For more information, please contact:
Next Move Strategy Consulting

E-Mail: info@nextmsc.com

Direct: +1-217-650-7991

Website: www.nextmsc.com

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About Next Move Strategy Consulting: 

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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