휴대폰 보험 시장, 점유율, 규모, 동향, 산업 분석 보고서 : 보상별, 휴대폰 유형별, 지역별, 부문별 예측(2024-2032년)

The global mobile phone insurance market size is expected to reach USD 72.55 billion by 2032, according to a new study by Polaris Market Research. The report "Mobile Phone Insurance Market Share, Size, Trends, Industry Analysis Report, By Coverage (Physical Damage, Internal Component Failure, Theft & Loss Protection), By Phone Type (Budget Phones, Premium Smartphones), By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion of the mobile phone insurance market can be attributed to the rising global population of smartphone users. As more individuals across the globe own smartphones, the demand for associated services, including mobile phone insurance, has increased. This growth is fueled by the multifaceted role that smartphones play in people's lives, serving as essential tools for entertainment, education, staying informed through news apps, and facilitating digital transactions. As smartphones become integral to various aspects of daily life, the need for protective measures, such as insurance, has become increasingly evident, driving the overall growth of the market.

The increasing prevalence of smartphones and the widespread use of mobile applications are significant factors contributing to the growth of the mobile phone insurance market. As more individuals rely on smartphones for various activities, including communication, entertainment, and business, the importance of protecting these devices from potential risks becomes evident. Mobile phone insurance provides a convenient and comprehensive solution by offering coverage for a range of issues, including physical damage, electronic damage, theft protection, and cybersecurity threats.

The convenience of the claim service is another factor enhancing the appeal of mobile phone insurance. Customers are more likely to opt for insurance policies that offer straightforward and efficient claim processes, making it easier for them to address issues such as device loss or damage. The prospect of avoiding expensive replacement costs in the event of a mobile phone breakdown or loss serves as a strong incentive for individuals to invest in mobile phone insurance.

The integration of big data analytics is a crucial driver for the growth of the market. Big data analytics enables insurance providers to efficiently analyze vast amounts of data, helping them identify patterns, trends, and potential risks. In the context of mobile phone insurance, this technology plays a pivotal role in various aspects of the insurance process.

The increasing trend of purchasing mobile phones through online platforms is another factor influencing the market. As more consumers turn to e-commerce channels for buying mobile devices, there is an opportunity for collaboration between e-commerce companies and insurance providers. This collaboration can involve offering insurance packages at the point of purchase or integrating insurance options into the online shopping experience. It not only provides customers with convenient access to insurance but also creates new avenues for insurers to expand their customer base.

Mobile Phone Insurance Market Report Highlights

Physical damage segment held the largest share, as users mostly cover for hardware repairing or replacement

Premium segment dominated the market, as there is rapid sure in purchase in high end phones in emerging nation, among expanding middle income base population

North America dominated the market, due to presence of many insurance providers, and penetration of premium phones

The global players include Apple, Assurant, Asurion, AT&T Intellectual, AmTrust Financial, Brightstar Corp., GoCare Warranty, and SquareTrade.

Polaris Market Research has segmented the mobile phone insurance market report based on phone type, coverage, and region:

Mobile Phone Insurance, Phone Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Budget phones
• Mid & high-end phones
• Premium smartphones

Mobile Phone Insurance, Coverage Outlook (Revenue - USD Billion, 2019 - 2032)

• Physical damage
• Internal component failure
• Theft & loss protection
• Virus & data protection
• Others

Mobile Phone Insurance, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific
• Latin America
• Argentina
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Table of Contents

1. Introduction

• 1.1. Report Description
  • 1.1.1. Objectives of the Study
  • 1.1.2. Market Scope
  • 1.1.3. Assumptions
• 1.2. Stakeholders

2. Executive Summary

• 2.1. Market Highlights

3. Research Methodology

• 3.1. Overview
  • 3.1.1. Data Mining
• 3.2. Data Sources
  • 3.2.1. Primary Sources
  • 3.2.2. Secondary Sources

4. Global Mobile Phone Insurance Market Insights

• 4.1. Mobile Phone Insurance Market - Industry Snapshot
• 4.2. Mobile Phone Insurance Market Dynamics
  • 4.2.1. Drivers and Opportunities
    • 4.2.1.1. The rising cost of smartphones compelling consumers to seek coverage policies
    • 4.2.1.2. High Cost of Repairs and Replacements
  • 4.2.2. Restraints and Challenges
    • 4.2.2.1. Exclusions and Limitations
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers (Moderate)
  • 4.3.2. Threats of New Entrants: (Low)
  • 4.3.3. Bargaining Power of Buyers (Moderate)
  • 4.3.4. Threat of Substitute (Moderate)
  • 4.3.5. Rivalry among existing firms (High)
• 4.4. PESTLE Analysis
• 4.5. Mobile Phone Insurance Industry trends
• 4.6. Value Chain Analysis
• 4.7. COVID-19 Impact Analysis

5. Global Mobile Phone Insurance Market, by Phone Type

• 5.1. Key Findings
• 5.2. Introduction
  • 5.2.1. Global Mobile Phone Insurance, by Phone Type, 2019-2032 (USD Billion)
• 5.3. Budget phones
  • 5.3.1. Global Mobile Phone Insurance Market, by Budget phones, by Region, 2019-2032 (USD Billion)
• 5.4. Mid & high-end phones
  • 5.4.1. Global Mobile Phone Insurance Market, by Mid & high-end phones, by Region, 2019-2032 (USD Billion)
• 5.5. Premium smartphones
  • 5.5.1. Global Mobile Phone Insurance Market, by Premium smartphones, by Region, 2019-2032 (USD Billion)

6. Global Mobile Phone Insurance Market, by Coverage

• 6.1. Key Findings
• 6.2. Introduction
  • 6.2.1. Global Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
• 6.3. Physical damage
  • 6.3.1. Global Mobile Phone Insurance Market, by Physical damage, by Region, 2019-2032 (USD Billion)
• 6.4. Internal component failure
  • 6.4.1. Global Mobile Phone Insurance Market, by Internal component failure, by Region, 2019-2032 (USD Billion)
• 6.5. Theft & loss protection
  • 6.5.1. Global Mobile Phone Insurance Market, by Theft & loss protection, by Region, 2019-2032 (USD Billion)
• 6.6. Virus & data protection
  • 6.6.1. Global Mobile Phone Insurance Market, by Virus & data protection, by Region, 2019-2032 (USD Billion)
• 6.7. Others
  • 6.7.1. Global Mobile Phone Insurance Market, by Others, by Region, 2019-2032 (USD Billion)

7. Global Mobile Phone Insurance Market, by Geography

• 7.1. Key findings
• 7.2. Introduction
  • 7.2.1. Mobile Phone Insurance Market Assessment, By Geography, 2019-2032 (USD Billion)
• 7.3. Mobile Phone Insurance Market - North America
  • 7.3.1. North America: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
  • 7.3.2. North America: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.3.3. Mobile Phone Insurance Market - U.S.
    • 7.3.3.1. U.S.: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.3.3.2. U.S.: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.3.4. Mobile Phone Insurance Market - Canada
    • 7.3.4.1. Canada: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.3.4.2. Canada: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
• 7.4. Mobile Phone Insurance Market - Europe
  • 7.4.1. Europe: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
  • 7.4.2. Europe: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.3. Mobile Phone Insurance Market - UK
    • 7.4.3.1. UK: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.3.2. UK: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.4. Mobile Phone Insurance Market - France
    • 7.4.4.1. France: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.4.2. France: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.5. Mobile Phone Insurance Market - Germany
    • 7.4.5.1. Germany: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.5.2. Germany: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.6. Mobile Phone Insurance Market - Italy
    • 7.4.6.1. Italy: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.6.2. Italy: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.7. Mobile Phone Insurance Market - Spain
    • 7.4.7.1. Spain: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.7.2. Spain: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.8. Mobile Phone Insurance Market - Netherlands
    • 7.4.8.1. Netherlands: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.8.2. Netherlands: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.4.9. Mobile Phone Insurance Market - Russia
    • 7.4.9.1. Russia: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.4.9.2. Russia: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
• 7.5. Mobile Phone Insurance Market - Asia Pacific
  • 7.5.1. Asia Pacific: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
  • 7.5.2. Asia Pacific: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.3. Mobile Phone Insurance Market - China
    • 7.5.3.1. China: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.3.2. China: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.4. Mobile Phone Insurance Market - India
    • 7.5.4.1. India: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.4.2. India: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.5. Mobile Phone Insurance Market - Malaysia
    • 7.5.5.1. Malaysia: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.5.2. Malaysia: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.6. Mobile Phone Insurance Market - Japan
    • 7.5.6.1. Japan: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.6.2. Japan: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.7. Mobile Phone Insurance Market - Indonesia
    • 7.5.7.1. Indonesia: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.7.2. Indonesia: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.5.8. Mobile Phone Insurance Market - South Korea
    • 7.5.8.1. South Korea: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.5.8.2. South Korea: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
• 7.6. Mobile Phone Insurance Market - Middle East & Africa
  • 7.6.1. Middle East & Africa: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
  • 7.6.2. Middle East & Africa: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.6.3. Mobile Phone Insurance Market - Saudi Arabia
    • 7.6.3.1. Saudi Arabia: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.6.3.2. Saudi Arabia: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.6.4. Mobile Phone Insurance Market - UAE
    • 7.6.4.1. UAE: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.6.4.2. UAE: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.6.5. Mobile Phone Insurance Market - Israel
    • 7.6.5.1. Israel: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.6.5.2. Israel: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.6.6. Mobile Phone Insurance Market - South Africa
    • 7.6.6.1. South Africa: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.6.6.2. South Africa: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
• 7.7. Mobile Phone Insurance Market - Latin America
  • 7.7.1. Latin America: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
  • 7.7.2. Latin America: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.7.3. Mobile Phone Insurance Market - Mexico
    • 7.7.3.1. Mexico: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.7.3.2. Mexico: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.7.4. Mobile Phone Insurance Market - Brazil
    • 7.7.4.1. Brazil: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.7.4.2. Brazil: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)
  • 7.7.5. Mobile Phone Insurance Market - Argentina
    • 7.7.5.1. Argentina: Mobile Phone Insurance Market, by Coverage, 2019-2032 (USD Billion)
    • 7.7.5.2. Argentina: Mobile Phone Insurance Market, by Phone Type, 2019-2032 (USD Billion)

8. Competitive Landscape

• 8.1. Expansion and Acquisition Analysis
  • 8.1.1. Expansion
  • 8.1.2. Acquisitions
• 8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

• 9.1. Apple Inc.
  • 9.1.1. Company Overview
  • 9.1.2. Financial Performance
  • 9.1.3. Product Benchmarking
  • 9.1.4. Recent Development
• 9.2. American International Group, Inc.
  • 9.2.1. Company Overview
  • 9.2.2. Financial Performance
  • 9.2.3. Product Benchmarking
  • 9.2.4. Recent Development
• 9.3. Assurant, Inc
  • 9.3.1. Company Overview
  • 9.3.2. Financial Performance
  • 9.3.3. Product Benchmarking
  • 9.3.4. Recent Development
• 9.4. Asurion
  • 9.4.1. Company Overview
  • 9.4.2. Financial Performance
  • 9.4.3. Product Benchmarking
  • 9.4.4. Recent Development
• 9.5. AT&T Intellectual Property.
  • 9.5.1. Company Overview
  • 9.5.2. Financial Performance
  • 9.5.3. Product Benchmarking
  • 9.5.4. Recent Development
• 9.6. AmTrust Financial
  • 9.6.1. Company Overview
  • 9.6.2. Financial Performance
  • 9.6.3. Product Benchmarking
  • 9.6.4. Recent Development
• 9.7. Brightstar Corp.
  • 9.7.1. Company Overview
  • 9.7.2. Financial Performance
  • 9.7.3. Product Benchmarking
  • 9.7.4. Recent Development
• 9.8. GoCare Warranty Group
  • 9.8.1. Company Overview
  • 9.8.2. Financial Performance
  • 9.8.3. Product Benchmarking
  • 9.8.4. Recent Development
• 9.9. SquareTrade, Inc.
  • 9.9.1. Company Overview
  • 9.9.2. Financial Performance
  • 9.9.3. Product Benchmarking
  • 9.9.4. Recent Development
• 9.10. Taurus Insurance Services Limited
  • 9.10.1. Company Overview
  • 9.10.2. Financial Performance
  • 9.10.3. Product Benchmarking
  • 9.10.4. Recent Development