Automotive Mobile Accessories Market

Automotive Mobile Accessories Market Outlook (2023 to 2033)

Global demand for automotive mobile accessories reached a market value of US$ 51.3 billion in 2023 and is estimated to climb to US$ 99 billion by 2033-end. The global automotive mobile accessories market is forecasted to exhibit expansion at a healthy 6.8% CAGR over the next ten years.

The use of smartphones has been increasing at a rapid pace around the world over the past couple of decades and this trend is a key factor that is expected to augment the demand for automotive mobile accessories throughout the forecast period. Increasing sales of vehicles and growing disposable income of people are also expected to drive market growth in the future.

Growing demand for luxury vehicles and increasing focus on vehicle electrification are expected to drive the shipments of car accessories over the next ten years. New product launches, advancements in mobile technology, increasing use of GPS navigation applications, growing demand for better automotive infotainment systems, and constantly changing consumer trends are other factors that could alter market development going forward.

Rising popularity of electric vehicles is also expected to play a crucial role in determining the sales of car mobile accessories across the forecast period and beyond. The increasing popularity of wireless phone chargers is projected to provide new opportunities for automotive mobile accessory suppliers over the coming years.

Automotive cell phone holders, automatic phone chargers for cars, suction mounts for mobile phones, and automotive wireless car chargers are projected to be popular products in the market over the coming years.

Report Attributes	Details
Automotive Mobile Accessories Market Size (2023)	US$ 51.3 Billion
Projected Market Value (2033F)	US$ 99 Billion
Global Market Growth Rate (2023 to 2033)	6.8% CAGR
Sales Growth of Phone Holders (2023 to 2033)	6% CAGR
Key Companies Profiled	Belkin International Mountek Targus International LLC BRACKETRON INC. Car Mate Mfg Co. Ltd. Mophie Inc. Anker Technology Co. Limited Arkon Resources Inc. Griffin Technology Inc. iOttie Pro.Fit International Inc. Moshi Wizgear

How are New Automotive Mobile Accessory Companies Penetrating the Industry?

“Start-ups Focusing on Development & Launch of Innovative Cell Phone Car Accessories”

Aspiring manufacturers of car accessories are focusing on developing and launching novel products that improve the usability of phones in vehicles without compromising on the safety of the driver and passengers. New automotive mobile accessory companies are also focusing on integrating advanced technologies and features to gain a competitive advantage over other market players and boost sales in the future.

• A Korean start-up called CNA is providing a smart wireless car mount for mobile phones, which was launched in 2020. The car mount connects via NFC technology and is also capable of charging the phone wirelessly. The mount also has an inbuilt foreign object detection (FOD) sensor that detects hand motions and automatically releases the phone on or from the mount.
• In October 2020, Peak Design, a company developing camera accessories for all types of photographers, announced the launch of ‘Mobile by Peak Design’, a new mounting plate system that allows smartphones to connect with all types of accessories such as car mount, charging stands, bike handlebars, etc.

An all-inclusive assessment of market-augmenting aspects such as new developments, product standards, local supply, pricing trends, and safety regulations have been mentioned in this latest automotive mobile accessories market study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Which Region Should Automotive Mobile Accessory Suppliers Target?

“Asia Pacific to Provide Lucrative Moneymaking Opportunities”

Sales of automotive mobile accessories are estimated to be high in the Asia Pacific region across the forecast period owing to low costs of labor and the high availability of cheap raw materials for automotive mobile accessory manufacturing. High automotive production and sales in Asia Pacific are also expected to bolster demand for automotive mobile accessories over the next ten years.

Rapid urbanization, increasing per capita disposable income, presence of key automotive and mobile accessory manufacturers, supportive government initiatives to promote growth in the manufacturing sector, and surging demand for branded mobile accessories in Asian countries are other prospects that could favor market growth in the long run.

China, Japan, India, and Korea are projected to emerge as highly remunerative markets in the APAC region across the forecast period and beyond. Increasing smartphone proliferation in Asian countries and expansion of internet infrastructure are other factors that could indirectly influence sales of car accessories going forward.

Country-wise Insights

How Will Demand for Automotive Mobile Accessories Fare in European Countries?

“Rising Demand for Luxury Vehicles and Increasing Focus on Vehicle Electrification”

Europe has always been a crucial market for all types of automotive products owing to its robust automotive manufacturing industry and the presence of key carmakers such as BMW, Audi, Volkswagen, etc. European countries have been witnessing a hike in the number of high-net-worth individuals and this is driving the demand for luxury cars in the region, which is expected to benefit car accessory sales in the future.

Increasing focus on vehicle electrification is also expected to necessitate the need for connecting smartphones and mobile phones to vehicles in the future, which could favor shipments of vehicle accessories over the coming years. Rising sales of electric vehicles (EVs) in European countries such as Germany, France, and the United Kingdom are also expected to benefit market growth in Europe going forward.

Will the United States Be an Investment-worthy Market?

“Growing Demand for Vehicle Customization”

Rising consumer preference for vehicle modification and the high spending potential of consumers in the United States are projected to boost sales of automotive mobile accessories in the country across the forecast period.

High availability of advanced car accessories and increasing sales through online channels are also expected to bolster demand for products such as automotive dash cam mounts, phone cup holders, automotive phone cases, sticky pads for car phones, etc. in the United States over the next ten years.

Category-wise Insights

Which Vehicles Account for High Sales of Automotive Mobile Accessories?

“Passenger Cars Account for Authoritative Market Share”

Based on vehicle type, the automotive mobile accessories market is segmented into passenger cars, LCVs (light commercial vehicles), and HCVs (heavy commercial vehicles).

Evolving standard of living and rising per capita disposable income of people around the world are prime factors that are anticipated to bolster shipments of automotive mobile accessories for passenger cars through 2033. Increasing automotive production and the growing popularity of electric vehicles are also expected to influence the overall sales of passenger vehicles in the future and subsequently augment sales of automotive mobile accessories going forward.

Which Products are Expected to Fly Off the Shelves?

“Phone Holders Leading Global Car Mobile Accessory Sales”

Based on material, the market for automotive mobile accessories is segmented into phone holders, portable speakers, USB chargers, adapters, and others.

Phone holders are anticipated to lead the global demand for automotive mobile accessories across the forecast period owing to surging use by cab drivers around the world. The increasing use of GPS navigation by all drivers and expanding network of cab services around the world are other prospects that could benefit the sales of phone holders over the next ten years. Magnetic car dashboard mobile stands, phone holders for car AC vents, and phone mounts for car cup holders are anticipated to be popular products going forward.

• Sales of phone holders are estimated to rise at around 6% CAGR from 2023 to 2033.

Surging demand for wireless charging in vehicles is also projected to uplift the sales of wireless phone chargers for cars in the future. USB chargers, which are highly popular at present are expected to lose a notable market share to wireless charges in the latter half of the forecast period.

Competitive Landscape:

Leading automotive mobile accessory manufacturers are launching new products that allow them to maximize their sales and improve their revenue generation capacity over other market players.

• In February 2023, Xiaomi, a leading Chinese manufacturer of consumer electronic products, announced the launch of its new wireless car charger. The Xiaomi 30W Wireless Car Charger is an addition to the existing line of chargers that include the 50W Wireless Car Charger Pro and Xiaomi 20W Wireless Car Charger.
• In November 2022, Belkin, a renowned American consumer electronics company, announced the launch of its first MagSafe car charging mount for vehicles. The product is called Boost Charge Pro Wireless Car Charger with MagSafe and has a 15W charging capacity.

Automotive mobile accessory vendors are also focusing on bagging new investments and funds through different investors, which allows them to use this financing to expand their business potential.

• In December 2021, Autofurnish, a car accessory supplier based in India, announced that it had received investment from UpScalio, an e-Commerce brand investor. Through this new investment UpScalio aimed to improve the brands’ business potential by leveraging its D2C websites.

Key Segments of Automotive Mobile Accessories Industry Research

• By Product :

  • Portable Speakers
  • Phone Holders
  • USB Chargers
  • Adapters
  • Others

• By Vehicle Type :

  • Passenger Cars
  • LCVs (Light Commercial Vehicles)
  • HCVs (Heavy Commercial Vehicles)

• By Price Range :

  • Low
  • Mid
  • High

• By Sales Channel :

  • OEMs
  • Aftermarket

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA