Where Exactly is the Accessories Market Heading?
There’s simply no denying the importance of the consumer technology accessories market. It’s a consistent lifeline for an industry that sees new technologies come and go. In 2015 alone, the mobile accessories segment (which is just a sliver of the overall accessories category) recorded roughly $81.5 billion in revenue. ABI Research, at the time, said it expected the mobile tech accessories market to jump to more than $100 billion by 2020.
Of course, this category includes other products like headphones, cables and wires, screen protectors, car tech, and more.
So where exactly is the accessories market heading? How will mobile accessories hit that $100 billion revenue mark? And what kinds of innovations can we expect to see over the next few years?