Mobile Phone Insurance Market Size, Share & Trends Analysis Report By Coverage, By Phone Type (Budget Phones, Mid & High-End Smartphones, Premium Smartphones), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global mobile phone insurance market size is expected to reach USD 42.6 billion by 2025, registering a CAGR of 12.7% over the forecast period, according to a new study by Grand View Research, Inc. An increasing number of smartphone users is expected to drive the market growth over the forecast period. The market growth can also be ascribed to the growing demand for smartphones that are used for entertainment, education, news, and digital transactions.

Additionally, growing smartphone penetration, as well as mobile applications, is expected to favor the market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance helps avoid expensive replacement costs incurred due to the loss or breakdown of mobile phones. Damages such as physical damage & electronic damage, theft protection, and cyber-threat protection are usually covered under a mobile phone insurance policy. This is anticipated to encourage customers to opt for such insurance policies over the forecast period.

Big data analytics is also playing a pivotal role in driving the market growth. The technology helps flag claims for priority handling or proactively monitor risks to reduce financial losses. Therefore, phone insurance providers are anticipated to widely adopt analytics over the coming years. Furthermore, there is an increase in the purchase of mobile phones through online platforms. This is encouraging e-commerce companies to collaborate with insurance providers. For instance, in October 2018, Flipkart ventured into a partnership with Bajaj Allianz to offer customized insurance solutions and boost Bajaj Allianz mobile phone protection program. Moreover, these collaborations enable the partnered companies to increase their customer base across the globe.

Further key findings from the study suggest:

• The mobile phone insurance market is anticipated to witness substantial growth owing to an increasing number of smartphone users and collaborations among manufacturers & insurance providers

• The physical damage segment accounted for the highest market share in 2018. The users mostly opt for plans that cover repair and replacement costs

• The premium smartphone segment accounted for a significant market share in 2018owing to the rapidly increasing cost of smartphones and rise in the number of physical & technical damages

• The growth of the North American market can be attributed to the presence of a large number of insurance providers and higher smartphone penetration in the U.S.

• The key players in the market include AmTrust Financial; Assurant, Inc.; Asurion; and AT&T Inc., among others.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope and Assumptions
                    1.3. List of Data Sources
                    1.4. List of Abbreviations

Chapter 2. Executive Summary
                    2.1. Market Summary
                    2.2. Mobile Phone Insurance Market, 2015 - 2025

Chapter 3. Market Variables, Trends, and Scope Outlook
                    3.1. Market Segmentation
                    3.2. Market Size and Growth Prospects, 2015 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint analysis
                         3.4.3. Market opportunity analysis
                    3.5. Penetration & Growth Prospects Mapping
                    3.6. Industry Analysis - Porter's Five Forces Analysis
                    3.7. PEST Analysis

Chapter 4. Mobile Phone Insurance Coverage Outlook
                    4.1. Mobile Phone Insurance Market, By Coverage, 2018 & 2025
                    4.2. Physical Damage
                         4.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         4.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    4.3. Internal Component Failure
                         4.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         4.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    4.4. Theft & Loss Protection
                         4.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         4.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    4.5. Virus & Data Protection
                         4.5.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         4.5.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    4.6. Others
                         4.6.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         4.6.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)

Chapter 5. Mobile Phone Insurance Phone Type Outlook
                    5.1. Mobile Phone Insurance Market, By Phone Type, 2018 & 2025
                    5.2. Budget Phones
                         5.2.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         5.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    5.3. Mid & High-end Smartphones
                         5.3.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         5.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)
                    5.4. Premium Smartphones
                         5.4.1. Market estimates and forecasts, 2015 - 2025 (USD Billion)
                         5.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Billion)

Chapter 6. Mobile Phone Insurance Regional Outlook
                    6.1. Mobile Phone Insurance Market, by Region, 2018 & 2025
                    6.2. North America
                         6.2.1. Market estimates and forecasts, 2015 - 2025
                         6.2.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                         6.2.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.2.4. U.S.
                              6.2.4.1. Market estimates and forecasts, 2015 - 2025
                              6.2.4.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.2.4.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.2.5. Canada
                              6.2.5.1. Market estimates and forecasts, 2015 - 2025
                              6.2.5.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.2.5.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                    6.3. Europe
                         6.3.1. Market estimates and forecasts, 2015 - 2025
                         6.3.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                         6.3.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.3.4. U.K.
                              6.3.4.1. Market estimates and forecasts, 2015 - 2025
                              6.3.4.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.3.4.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.3.5. Germany
                              6.3.5.1. Market estimates and forecasts, 2015 - 2025
                              6.3.5.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.3.5.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                    6.4. Asia Pacific
                         6.4.1. Market estimates and forecasts, 2015 - 2025
                         6.4.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                         6.4.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.4.4. China
                              6.4.4.1. Market estimates and forecasts, 2015 - 2025
                              6.4.4.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.4.4.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.4.5. India
                              6.4.5.1. Market estimates and forecasts, 2015 - 2025
                              6.4.5.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.4.5.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                         6.4.6. Japan
                              6.4.6.1. Market estimates and forecasts, 2015 - 2025
                              6.4.6.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                              6.4.6.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                    6.5. Latin America
                         6.5.1. Market estimates and forecasts, 2015 - 2025
                         6.5.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                         6.5.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)
                    6.6. MEA
                         6.6.1. Market estimates and forecasts, 2015 - 2025
                         6.6.2. Market estimates and forecasts, by coverage, 2015 - 2025 (USD Billion)
                         6.6.3. Market estimates and forecasts, by phone type, 2015 - 2025 (USD Billion)

Chapter 7. Competitive Landscape
                    7.1. Vendor Landscape
                    7.2. Company Profiles
                         7.2.1. AmTrust Financial
                              7.2.1.1. Company overview
                              7.2.1.2. Financial performance
                              7.2.1.3. Product benchmarking
                              7.2.1.4. Strategic initiatives
                         7.2.2. Assurant, Inc.
                              7.2.2.1. Company overview
                              7.2.2.2. Financial performance
                              7.2.2.3. Product benchmarking
                              7.2.2.4. Strategic initiatives
                         7.2.3. Asurion
                              7.2.3.1. Company overview
                              7.2.3.2. Financial performance
                              7.2.3.3. Product benchmarking
                              7.2.3.4. Strategic initiatives
                         7.2.4. AT&T Inc.
                              7.2.4.1. Company overview
                              7.2.4.2. Financial performance
                              7.2.4.3. Product benchmarking
                              7.2.4.4. Strategic initiatives
                         7.2.5. Brightstar Corp.
                              7.2.5.1. Company overview
                              7.2.5.2. Financial performance
                              7.2.5.3. Product benchmarking
                              7.2.5.4. Strategic initiatives
                         7.2.6. GoCare Warranty Group
                              7.2.6.1. Company overview
                              7.2.6.2. Financial performance
                              7.2.6.3. Product benchmarking
                              7.2.6.4. Strategic initiatives
                         7.2.7. Revolut Ltd.
                              7.2.7.1. Company overview
                              7.2.7.2. Financial performance
                              7.2.7.3. Product benchmarking
                              7.2.7.4. Strategic initiatives
                         7.2.8. SquareTrade, Inc.
                              7.2.8.1. Company overview
                              7.2.8.2. Financial performance
                              7.2.8.3. Product benchmarking
                              7.2.8.4. Strategic initiatives
                         7.2.9. Taurus Insurance Services Limited
                              7.2.9.1. Company overview
                              7.2.9.2. Financial performance
                              7.2.9.3. Product benchmarking
                              7.2.9.4. Strategic initiatives
                         7.2.10. Vodafone Limited
                              7.2.10.1. Company overview
                              7.2.10.2. Financial performance
                              7.2.10.3. Product benchmarking
                              7.2.10.4. Strategic initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 3 Mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 4 Mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 5 Mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 6 Physical damage mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 7 Physical damage mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 8 Internal component failure mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 9 Internal component failure mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 10 Theft & loss protection mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 11 Theft & loss protection mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 12 Virus & data protection mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 13 Virus & data protection mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 14 Others mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 15 Others mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 16 Budget phones mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 17 Budget phones mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 18 Mid & high-end smartphones mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 19 Mid & high-end smartphones mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 20 Premium smartphones mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 21 Premium smartphones mobile phone insurance market, by region, 2015 - 2025 (USD Billion)
Table 22 North America mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 23 North America mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 24 North America mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 25 U.S. mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 26 U.S. mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 27 U.S. mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 28 Canada mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 29 Canada mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 30 Canada mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 31 Europe mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 32 Europe mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 33 Europe mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 34 U.K. mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 35 U.K. mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 36 U.K. mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 37 Germany mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 38 Germany mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 39 Germany mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 40 Asia Pacific mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 41 Asia Pacific mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 42 Asia Pacific mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 43 China mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 44 China mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 45 China mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 46 India mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 47 India mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 48 India mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 49 Japan mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 50 Japan mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 51 Japan mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 52 Latin America mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 53 Latin America mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 54 Latin America mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)
Table 55 MEA mobile phone insurance market, 2015 - 2025 (USD Billion)
Table 56 MEA mobile phone insurance market, by coverage, 2015 - 2025 (USD Billion)
Table 57 MEA mobile phone insurance market, by phone type, 2015 - 2025 (USD Billion)

List of Figures

Fig. 1 Mobile phone insurance market, 2018 (USD Billion)
Fig. 2 Mobile phone insurance market segmentation
Fig. 3 Mobile phone insurance market, 2015 - 2025 (USD Billion)
Fig. 4 Value chain analysis
Fig. 5 Mobile phone insurance market driver impact
Fig. 6 Mobile phone insurance market challenge impact
Fig. 7 Mobile phone insurance market opportunity impact
Fig. 8 Mobile phone insurance penetration & growth prospects mapping
Fig. 9 Mobile phone insurance market - Porter's five forces analysis
Fig. 10 Mobile phone insurance market - PEST analysis
Fig. 11 Mobile phone insurance market, by coverage, 2018 & 2025 (USD Billion)
Fig. 12 Mobile phone insurance market, by phone type, 2018 & 2025 (USD Billion)
Fig. 13 Mobile phone insurance market, by region, 2018 & 2025
Fig. 14 North America mobile phone insurance market - Key takeaways
Fig. 15 Europe mobile phone insurance market - Key takeaways
Fig. 16 Asia Pacific mobile phone insurance market - Key takeaways
Fig. 17 Latin America mobile phone insurance market - Key takeaways
Fig. 18 MEA mobile phone insurance market - Key takeaways