Published by mark itwired
Posted on October 10, 2021
3 min readLast updated: January 29, 2026
The mobile phone accessories market is set to grow significantly by 2031, driven by 5G technology and IoT. The U.S. and China are key markets.
The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market. According to a study by Future Market Insights (FMI), the market will surpass US$ 86.80 Bn by 2021.
With the incorporation of IoT in households, a swift rise in the demand for mobile phone accessories has been witnessed, and this trend will continue in the near future. The emergence of 5G technology will also boost the demand for mobile phone accessories that work on augmented reality and virtual reality technology.
The high speed of 5G technology will provide a better experience of devices that are connected through wireless technology and will play a major role in driving the demand for wireless connectivity devices.
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In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.
With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.
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A recent market study published by Future Market Insights on the mobile phone accessories market offers global industry analysis for 2016-2020 & opportunity assessment for 2021-2031. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
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The post Mobile Phone Accessories Market Global Industry Growth Analysis, Opportunities, Trends and Forecast 2021-2031 appeared first on Industry News Analsis.
The article discusses the growth and trends in the mobile phone accessories market from 2021 to 2031.
5G technology increases demand for accessories supporting AR/VR and enhances wireless connectivity.
The U.S. and China are leading markets, with significant growth expected in Europe and East Asia.
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