Global Mobile Phone Insurance Market Insights Report, Forecast to 2026

Global Mobile Phone Insurance Market Insights Report, Forecast to 2026

The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Mobile Phone Insurance market.

The global mobile phone insurance market is expected to reach USD 20.3 billion by 2025. North America will hold the largest market share. The growth of the market in this region can be attributed to the presence of a large number of mobile phone insurance providers and increase in the number of crimes committed using smartphones in Canada and the United States. According to the U.S. Bureau of Justice Assistance, on average, more than one million smartphones are stolen in the U.S. every year. Moreover, the availability of insurance plans that provide additional protection against software malfunctions and replacement of stolen devices is expected to drive the market growth in the region during the forecast period.E-retailers such as Flipkart are partnering with insurance service providers such as Bajaj Allianz to offer mobile phone insurance to their customers. These initiatives are expected to significantly boost the growth of the Asia Pacific market. Moreover, China, India, Singapore, and Japan are expected to contribute to the regional market growth. The growth in this region can be attributed to the significant increase in personal disposable income.

Cell phone insurance can help consumers avoid the high cost of replacing a lost or malfunctioning cell phone. Cell phone insurance policies typically cover physical damage, internal component failure, theft and loss protection, and virus and data protection.

The mobile phone is a platform for entertainment, education and also an effective platform for conducting digital transactions. Increasing use of smartphones for storing personal information and digital transactions has led to the need to protect mobile devices. This trend is expected to enhance the market growth over the forecast period. This trend is expected to enhance the market growth over the forecast period.These incidents have compelled customers to look for ways to protect their mobile phones, thereby adopting mobile phone insurance policies. Rising cost of smartphones is also forcing consumers to opt for mobile phone insurance.

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Competitive Landscape
Important players profiled in the global Mobile Phone Insurance market include:
Allianz Insurance
AIG
Apple
SoftBank
Assurant
Chubb (ACE)
AXA
Aviva
AmTrust
Hollard Group
Asurion

By application
Physical Damage
Internal Component Failure
Theft & Loss Protection
Virus & Data Protection
Others

Type Synopsis:
Budget Phones
Mid & High-end Smartphones
Premium Smartphones

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Mobile Phone Insurance Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Mobile Phone Insurance Market by Types
4 Segmentation of Mobile Phone Insurance Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Mobile Phone Insurance Market in Major Countries
7 North America Mobile Phone Insurance Landscape Analysis
8 Europe Mobile Phone Insurance Landscape Analysis
9 Asia Pacific Mobile Phone Insurance Landscape Analysis
10 Latin America, Middle East & Africa Mobile Phone Insurance Landscape Analysis
11 Major Players Profile
…

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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

Key Stakeholders
Mobile Phone Insurance manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Mobile Phone Insurance
Mobile Phone Insurance industry associations and research organizations
Product managers, Mobile Phone Insurance industry administrator, C-level executives of the industries
Market Research and consulting firms

Report Spotlights
Detailed overview of market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprints

Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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