Revenues for mobile accessories will reach $81.5 billion in 2015 and $101 billion in 2020 at a compound annual growth rate (CAGR) of 4.3 percent, according to ABI Research.
Protective carry cases is the top growing category, contributing the most to aftermarket mobile accessories shipments, followed by chargers, screen protectors and headsets.
“The thinness and lightness of a smartphone makes a protective case a necessity, and new features with cases, such as wireless charging and digital payment, will likewise drive the protective cases market,” says Marina Lu, research analyst at ABI Research.
The shipment of headset is forecast to grow at a CAGR of 5.7 percent over the period 2015 to 2020. Bluetooth headset shipments are increasing steadily, especially those with stereo headsets, despite continued strong unit shipments of wired headsets.
Headsets category commands the highest average sales price in mobile accessories. In addition to advances in technology, features like noise cancelling and large amount of music content on the devices are driving the growth.
The ABI Research report said that Asia Pacific will account for 52.9 percent of all mobile accessories shipments. In addition to the population base in Asia, cost competitive smartphones has accelerated growth in mobile accessories in Asia.