Home >> Report Store >> Consumer Goods >> Mobile Phone Insurance Market Size, Share & Industry Report, 2025 >

Mobile Phone Insurance Market, By Product (Electronic Damage, Physical Damage, Virus Protection, and Theft Protection), By Sales Channel and Geography (North America, Europe, Asia Pacific and Rest of the World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

133 Pages | Published Date : July 2019 | Report Code: AV351 | Report Format: PDF

REPORT HIGHLIGHT

The mobile phone insurance market was valued at USD 12.67 billion by 2017, growing with 13.8% CAGR during the forecast period, 2018-2025.

From being a luxury product, mobiles have become a necessity, aiding customers in almost everything that they do. The phones being rolled out now are equipped to allow users to manage entire professional as well as personal activities. Just like any other valued articles, a mobile too, is at a potential risk of being damaged and stolen. Thus, specialist insurance scheme comes into the picture that covers the cost of repairing or replacing damaged phone. The market for mobile insurance is has evolved rapidly as the number of activities has exploded worldwide, and a couple handfuls of sprinters have emerged, supported by technical service providers. As more players enter this industry, the competition is heating up and thus device operators need to innovate themselves in terms of product offering for better market positioning.

From developed to developing nations, mobile usage is increasing at constant rate. Growing number of device users across the globe is considered to be one of the important driver for industry growth. As per the recent statistics, there are around 7 billion active mobile subscriptions globally which is anticipated to increase by 9 billion by the end of 2020. Moreover, the industry is on the brink of revolution owing to the growing adoption of Insurtech (insurance + technology). In addition to this, growing innovation across the insurance value chain will support the industry growth. On the other side, mobile insurance is still considered to be the new concept in the mobile as well as insurance sphere. The industry is experiencing slowly and steadily uptick as offerings become more robust. It is recommended that insurance companies must be proactive and prepared regarding their mobile insurance strategy.

Products Takeaway

In terms of product types, the market is categorized as Electronic Damage, Physical Damage, Virus Protection and Theft Protection. Physical Damage segment accounted for the highest revenue share. Generally, the coverage under normal insurance includes physical and screen deranges.

Sales Channel Takeaway

In terms of sales channel, the industry is categorized into Device OEMs, Mobile Operators, Retailers and others. It is noted that traditional network i.e. mobile operators is still the leading player when it comes to mobile insurance distribution. Also, the distribution of insurance is reliant on international or local brokers, banks and insurers’ exclusive agents.

Key Vendors Takeaway

Companies operating in this market are; AmTrust International, Allianz, Apple Inc., Asurion, ASSURANT, Brightstar Corporation, Aviva, Geek Squad, GoCare Warranty Group and American International Group. AmTrust offers comprehensive range of services including device repairs, protection, trade-ins, tech support and other convenient and seamless solutions. The company recorded USD 5.45 Billion revenue in 2016 with around USD 7.9 Billion gross written premium during the same year. Until now, most successful insurance companies could be characterized as traditional firms rather than technologists. However, it is observed that to attract new customers, companies are now bundling both insurance and non-insurance products. 

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

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

MARKET, BY SALES CHANNEL

  • Device OEMs
  • Mobile Operators
  • Retailers
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. MOBILE PHONE INSURANCE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Products
2.1.2. Market Snippet by Sales Channel
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. MOBILE PHONE INSURANCE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MOBILE PHONE INSURANCE INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. MOBILE PHONE INSURANCE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. MOBILE PHONE INSURANCE MARKET – BY PRODUCTS
6.1. Overview
6.1.1. Segment Share Analysis, By Products, 2017 & 2025 (%)
6.2. Electronic Damage
   6.2.1. Overview
   6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Physical Damage
   6.3.1. Overview
   6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Virus Protection
   6.4.1. Overview
   6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Theft Protection
   6.5.1. Overview
   6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. MOBILE PHONE INSURANCE MARKET – BY SALES CHANNEL
7.1. Overview
7.1.1. Segment Share Analysis, By Sales Channel, 2017 & 2025 (%)
7.2. Device OEMs
   7.2.1. Overview
   7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Mobile Operators
   7.3.1. Overview
   7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Retailers
   7.4.1. Overview
   7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
   7.5.1. Overview
   7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. MOBILE PHONE INSURANCE MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
   8.2.1. Overview
   8.2.2. Key Manufacturers in North America
   8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.2.4. North America Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
   8.2.5. North America Market Size and Forecast, By Sales Channel, 2014 – 2025 (US$ Million)
8.2.6. U.S.
   8.2.6.1. Overview
   8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
   8.2.7.1. Overview
   8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
   8.3.1. Overview
   8.3.2. Key Manufacturers in Europe
   8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.3.4. Europe Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
   8.3.5. Europe Market Size and Forecast, By Sales Channel, 2014 – 2025 (US$ Million)
8.3.6. France
   8.3.6.1. Overview
   8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
   8.3.7.1. Overview
   8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
   8.3.8.1. Overview
   8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
   8.4.1. Overview
   8.4.2. Key Manufacturers in Asia Pacific
   8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.4.4. Asia Pacific Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
   8.4.5. Asia Pacific Market Size and Forecast, By Sales Channel, 2014 – 2025 (US$ Million)
8.4.6. China
   8.4.6.1. Overview
   8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
   8.4.7.1. Overview
   8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
   8.4.8.1. Overview
   8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
   8.5.1. Overview
   8.5.2. Key Manufacturers in Rest of the World
   8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.5.4. Rest of the World Market Size and Forecast, By Products, 2014 – 2025 (US$ Million)
   8.5.5. Rest of the World Market Size and Forecast, By Sales Channel, 2014 – 2025 (US$ Million)
8.5.6. Latin America
   8.5.6.1. Overview
   8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
   8.5.7.1. Overview
   8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. AmTrust International
   9.1.1. Company Snapshot
   9.1.2. Financial Performance
   9.1.3. Product Benchmarking
   9.1.4. Strategic Initiatives
9.2. Allianz
9.3. Apple Inc.
9.4. Asurion
9.5. ASSURANT
9.6. Brightstar Corporation
9.7. Aviva
9.8. Geek Squad
9.9. GoCare Warranty Group
9.10. American International Group
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Mobile Phone Insurance market: Products snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Products
TABLE Global Mobile Phone Insurance market, by Products 2014-2025 (USD Million)
TABLE Mobile Phone Insurance market: Sales Channel snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Sales Channel
TABLE Global Mobile Phone Insurance market, by Sales Channel 2014-2025 (USD Million)
TABLE Mobile Phone Insurance market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Mobile Phone Insurance market, by region 2014-2025 (USD Million)
TABLE North America Mobile Phone Insurance market, by country, 2014-2025 (USD Million)
TABLE North America Mobile Phone Insurance market, by Products, 2014-2025 (USD Million)
TABLE North America Mobile Phone Insurance market, by Sales Channel, 2014-2025 (USD Million)
TABLE Europe Mobile Phone Insurance market, by country, 2014-2025 (USD Million)
TABLE Europe Mobile Phone Insurance market, by Products, 2014-2025 (USD Million)
TABLE Europe Mobile Phone Insurance market, by Sales Channel, 2014-2025 (USD Million)
TABLE Asia Pacific Mobile Phone Insurance market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Mobile Phone Insurance market, by Products, 2014-2025 (USD Million)
TABLE Rest of the World Mobile Phone Insurance market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Mobile Phone Insurance market, by Products, 2014-2025 (USD Million)
TABLE Rest of the World Mobile Phone Insurance market, by Sales Channel, 2014-2025 (USD Million)

List of Figures
FIGURE Mobile Phone Insurance market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Products segment market share analysis, 2017 & 2025
FIGURE Products segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Electronic Damage market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Physical Damage market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Virus Protection market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Theft Protection market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Sales Channel segment market share analysis, 2017 & 2025
FIGURE Sales Channel segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Device OEMs market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mobile Operators market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Retailers market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Mobile Phone Insurance market share and leading players, 2018
FIGURE Europe Mobile Phone Insurance market share and leading players, 2018
FIGURE Asia Pacific Mobile Phone Insurance market share and leading players, 2018
FIGURE Latin America Mobile Phone Insurance market share and leading players, 2018
FIGURE Middle East and Africa Mobile Phone Insurance market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor-Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy and Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

We make your satisfaction a priority

Share This