The US phone accessory market is to be worth US$74 billion by 2026
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The US market for cellphone accessories is now projected to be worth of nearly US$75 billion by 2026. It may exhibit an impressive compound annual growth rate (CAGR) of 13.7% between now and then. This market is made up of protective accessories such as screen protectors, but also extends to devices such as smartwatches; wireless audio products; fitness trackers and expandable memory.
This market was worth $28.52 billion last year, approximately 25% of which was accounted for by headphones. The sector for these products is thought to be capable of holding onto a share of this size, more or less, until 2026. However, it will not show the most growth: that title is thought to belong to phone-compatible headsets that harness the VR or AR capabilities of the increasingly powerful phones of the future. Their sector is now linked to a CAGR of up to 37%.
The phone accessory market is thought to be driven by the demand for LTE connectivity and cloud use in the US. The most prominent OEMs in this space have been found to be those such as Sennheiser; Samsung; Sony; Plantronics; Energizer; BYD; Bose, and Apple.
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