Global Mobile Phone Insurance Market Size study, by Coverage (Physical Damage, Internal Component Failure, Theft & Loss Protection and Others), Phone Type (Budget Phones, Mid & High-end Phones and Premium Smartphones) and Regional Forecasts 2020-2027

BIZ4355500
200 Pages
May 2021
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Global Mobile Phone Insurance Market is valued approximately USD 20.69 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.6 % over the forecast period 2020-2027. Mobile phones serve as a platform for entertainment, education, and also an effective platform for storing important personal information. Increasing use of smartphones for digital transactions and protecting personal data has led to the need for safeguarding mobile devices. For instance, according to GSMA, by 2025, approximately 75% of the total mobile phone owners are expected to own a smartphone. There has been increasing incidents of accidental damage, phone thefts, virus infections, and device malfunction. Further, increasing costs of smartphones and increasing collaborations among mobile phone manufacturers and insurance providers has led the adoption of Mobile phone insurance across the forecast period. For instance, E-tailors such as Flipkart are collaborating with insurance service providers such as Bajaj Allianz to offer mobile phone insurance cover to customers. In 2018, Assurant, Inc. partnered with KDDI Corporation, a Japanese telecommunications operator to provide insurance services to Apple-certified devices. However, complex terms and conditions of insurance policies making it difficult for consumers to understand and coverage plans with a fixed premium & the coverage amount irrespective of the nature of the damages covered may impede the growth of the market over the forecast period of 2020-2027. Also, with the provision of direct-to-consumer insurance assistance, simplification of claiming procedures and increasing smartphone users, the adoption & demand for mobile phone insurance is likely to increase.

The regional analysis of global Mobile Phone Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of a large number of mobile insurance providers and the rising incidences of crimes related to smartphones. For instance, according to the Bureau of Justice Assistance, on average, more than one million smartphones are stolen in the U.S. every year. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rising disposable income, rising incidences of thefts damage and increasing importance of expensive mobile phones would create lucrative growth prospects for the Mobile Phone Insurance market across Asia-Pacific region.

Major market player included in this report are:

Apple Inc.

American International Group, Inc.

Assurant, Inc.

Asurion

AT&T Inc.

AmTrust Financial

Brightstar Corp.

GoCare Warranty Group

SquareTrade, Inc.

Taurus Insurance Services Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Coverage:

Physical Damage

Internal Component Failure

Theft & Loss Protection

Others

By Phone Type:

Budget Phones

Mid & High-end Phones

Premium Smartphones

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global Mobile Phone Insurance Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1.Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Mobile Phone Insurance Market, by Region, 2018-2027 (USD Billion)

1.2.2. Mobile Phone Insurance Market, by Coverage, 2018-2027 (USD Billion)

1.2.3. Mobile Phone Insurance Market, by Phone Type, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Mobile Phone Insurance Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Mobile Phone Insurance Market Dynamics

3.1. Mobile Phone Insurance Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing digital transaction

3.1.1.2. Increasing incidents of accidental damage

3.1.2. Market Challenges

3.1.2.1. Complex terms and conditions of insurance policies

3.1.2.2. Fixed premium plans

3.1.3. Market Opportunities

3.1.3.1. Simplification of claiming procedures

3.1.3.2. Increasing smartphones users

Chapter 4. Global Mobile Phone Insurance Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Mobile Phone Insurance Market, by Coverage

5.1. Market Snapshot

5.2. Global Mobile Phone Insurance Market by Coverage, Performance - Potential Analysis

5.3. Global Mobile Phone Insurance Market Estimates & Forecasts by Coverage 2017-2027 (USD Billion)

5.4. Mobile Phone Insurance Market, Sub Segment Analysis

5.4.1. Physical Damage

5.4.2. Internal Component Failure

5.4.3. Theft & Loss Protection

5.4.4. Others

Chapter 6. Global Mobile Phone Insurance Market, by Phone Type

6.1. Market Snapshot

6.2. Global Mobile Phone Insurance Market by Phone Type, Performance - Potential Analysis

6.3. Global Mobile Phone Insurance Market Estimates & Forecasts by Phone Type 2017-2027 (USD Billion)

6.4. Mobile Phone Insurance Market, Sub Segment Analysis

6.4.1. Budget Phones

6.4.2. Mid & High-end Phones

6.4.3. Premium Smartphones

Chapter 7. Global Mobile Phone Insurance Market, Regional Analysis

7.1. Mobile Phone Insurance Market, Regional Market Snapshot

7.2. North America Mobile Phone Insurance Market

7.2.1. U.S. Mobile Phone Insurance Market

7.2.1.1. Coverage breakdown estimates & forecasts, 2017-2027

7.2.1.2. Phone Type breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Mobile Phone Insurance Market

7.3. Europe Mobile Phone Insurance Market Snapshot

7.3.1. U.K. Mobile Phone Insurance Market

7.3.2. Germany Mobile Phone Insurance Market

7.3.3. France Mobile Phone Insurance Market

7.3.4. Spain Mobile Phone Insurance Market

7.3.5. Italy Mobile Phone Insurance Market

7.3.6. Rest of Europe Mobile Phone Insurance Market

7.4. Asia-Pacific Mobile Phone Insurance Market Snapshot

7.4.1. China Mobile Phone Insurance Market

7.4.2. India Mobile Phone Insurance Market

7.4.3. Japan Mobile Phone Insurance Market

7.4.4. Australia Mobile Phone Insurance Market

7.4.5. South Korea Mobile Phone Insurance Market

7.4.6. Rest of Asia Pacific Mobile Phone Insurance Market

7.5. Latin America Mobile Phone Insurance Market Snapshot

7.5.1. Brazil Mobile Phone Insurance Market

7.5.2. Mexico Mobile Phone Insurance Market

7.6. Rest of The World Mobile Phone Insurance Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. Apple Inc.

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. American International Group, Inc.

8.2.3. Assurant, Inc.

8.2.4. Asurion

8.2.5. AT&T Inc.

8.2.6. AmTrust Financial

8.2.7. Brightstar Corp.

8.2.8. GoCare Warranty Group

8.2.9. SquareTrade, Inc.

8.2.10. Taurus Insurance Services Limited

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Mobile Phone Insurance market, report scope

TABLE 2. Global Mobile Phone Insurance market estimates & forecasts by Region 2017-2027 (USD Billion)

TABLE 3. Global Mobile Phone Insurance market estimates & forecasts by Coverage 2017-2027 (USD Billion)

TABLE 4. Global Mobile Phone Insurance market estimates & forecasts by Phone Type 2017-2027 (USD Billion)

TABLE 5. Global Mobile Phone Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Mobile Phone Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Mobile Phone Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Mobile Phone Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Mobile Phone Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Mobile Phone Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Mobile Phone Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Mobile Phone Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Mobile Phone Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Mobile Phone Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. U.S. Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. U.S. Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 17. U.S. Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 18. Canada Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Canada Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 20. Canada Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 21. UK Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. UK Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. UK Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. Germany Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 25. Germany Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. Germany Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. RoE Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 28. RoE Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. RoE Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. China Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 31. China Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. China Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. India Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 34. India Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. India Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. Japan Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 37. Japan Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Japan Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. RoAPAC Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 40. RoAPAC Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. RoAPAC Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. Brazil Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 43. Brazil Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. Brazil Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. Mexico Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 46. Mexico Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. Mexico Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. RoLA Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 49. RoLA Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. RoLA Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. Row Mobile Phone Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 52. Row Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Row Mobile Phone Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. List of secondary sources, used in the study of global Mobile Phone Insurance market

TABLE 55. List of primary sources, used in the study of global Mobile Phone Insurance market

TABLE 56. Years considered for the study

TABLE 57. Exchange rates considered

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Global Mobile Phone Insurance Market Size study, by Coverage (Physical Damage, Internal Component Failure, Theft & Loss Protection and Others), Phone Type (Budget Phones, Mid & High-end Phones and Premium Smartphones) and Regional Forecasts 2020-2027

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