Mobile Phone Insurance Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Mobile Phone Insurance Market size was valued at USD 23.3 billion in 2020. It is expected to expand a compound annual growth rate (CAGR) of 12% from 2021 to 2027.

Mobile phone insurance is an insurance that mobile phone users purchase to protect their mobile phone from damage and loss. Insurance is provided for situations such as damage, fire, theft, accidents and other contingencies. Cell phone insurance helps consumers avoid expensive replacement costs in the event of a lost or broken cell phone. This market is made up of established companies worldwide that make significant investments to provide their clients with the most sophisticated insurance solutions.

Market Segments

By Phone Type:

• New Phone
• Refurbished

By Coverage:

• Physical Damage
• Electronic Damage
• Virus Protection
• Data Protection
• Theft Protection

By Distribution Channel:

• Mobile Operators
• Device OEMs
• Retailers
• Online

Key Players

Some of the key players being AIG, Allianz Insurance, AmTrust International Underwriters, Apple, AT&T, AXA, Deutsche Telekom, Liberty Mutual Insurance Group, Pier Insurance Managed Services, Samsung Electronics, SoftBank Corporation, Sprint Corporation, Telefonica Insurance S.A, Verizon Communications, Vodafone Group, Xiaomi, Orange, etc.

Scope of the Report

The research study analyzes the global Mobile Phone Insurance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Mobile Phone Insurance Market Report

1. What was the Mobile Phone Insurance Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Mobile Phone Insurance Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Mobile Phone Insurance Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.