Emerging Technology

Smartphone accessory market to reach $US20 billion

Patrick Stafford /

Smartphone accessories are set to bring in $US20 billion in 2012, according to new figures from ABI Research.

That $US20 billion comes out of total industry revenue of $US36 billion, the company says.

But the future isn’t too bright. According to the research, revenue is set to fall to $US12 billion by 2017, with smartphone revenue overall to grow to $US38 billion.

“The increasing penetration of smartphones is driving a shift in accessory design toward smart accessories that drive higher levels of consumer interaction, product value, and brand recognition,” ABI analyst Michael Morgan said in a statement.

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Patrick Stafford

Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.

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