Smartphone Screen Protector Market Overview —
The global Smartphone Screen Protector Market is projected to be worth USD 76.64 billion by 2030, registering a CAGR of 10.25% during the forecast period (2021 - 2030)., The Smartphone Screen Protector Market was valued at USD 43.15 billion in 2021.
Due to the prevalence of smartphones, it is now easy to access diverse forms of entertainment all in our possession. Their rising use has given rise to a range of additional mobile devices. One such device is the cell phone screen protector is scratch and harm resistant. Increased smartphone purchases, due to new Chinese entrants in the industry, is expected to lead to a rise in demand in the upcoming years. Preference for tempered glass is expected to affect the retail sales of smartphones and the screen protector market. A growing demographics and substantial growth in customer disposable income is leading to the market's shift in shape. More and more people are having more money therefore is resulting in increased demand for electronic products such as smartphones, including screen protectors. The growing demand for pre-owned and refurbished smartphones is projected to contribute to a growth in screen protectors.
COVID 19 Analysis
As per the Smartphone Screen Protector Market Growth, the COVID 19 has impacted the world's market. The COVID 19 has grieved 215 countries. To combat the negative effects, countries lead lockdowns that have adversely affected the market. The pandemic has made an impact on this market segment. Due to the COVID-19 outbreak, the companies have altered their annual budgets and preferences to get through during this pandemic.
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Smartphone Screen Protector Market Competitive Analysis
Noteworthy key players in the smartphone screen protector market include
SCHOTT AG (Germany),
ZAGG Inc. (US),
Corning Incorporated (US),
FeYong Digital Technology Limited (China),
Shenzhen Yoobao Technology Co., Ltd (China),
Belkin International, Inc. (US),
AZ Infolink Private Limited (India), and
Nippon Electric Glass Co., Ltd (Japan).
Players use business growth tactics to maximize their position of the market, such as by mergers, acquisitions and collaborations.
The Smartphone Screen Protector Market Report shows that it is driven by the quick acceptance of modern phones, increased development of these kinds of products by major manufacturers. Various government regulations, the requirement for gadgets, and increasing consumer awareness have compelled makers to create Smartphone Screen Protector Products.Different factors are focusing on boosting the market share, including factors like continuous global economic development, rising consumer spending, expanding urban population, rising investments, rise in recreational operations.
The Smartphone Screen Protector industry has different features such as cool tempered glass, new PET, and TPU, which provides plenty to the low manufacturing expenditure of the product. Also, the market reflects high operating margins that lead the distributors to achieve exorbitant major discounts and low price reductions to attract the consumers.
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Smartphone Screen Protector Market Segmentation:
The smartphone screen protector market is segmented based on material type, product type, size, application, and region.
By materials, the smartphone screen protector market is segmented into polyethylene terephthalate (PT), thermoplastic polyurethane (TPU), and glass. In 2017, the glass segment is estimated to bring in USD 27.2 million in sales, which will increase to USD 42.6 million over the next 5 years at a CAGR of 10.3 percent. the increased growth is due to the benefits of using glass, which is more resistant to scratches and abrasion.
Various sizes discussed in the report include 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm. Applications include smartphones and tablets. The 0.21 mm screen protector is highly preferred by consumers owing to the ease of its application.
By product, the market is segmented into 2D, 2.5D, 3D, and 9.5H, in which 2.5D form of product is leading the market These displays provide a pristine surface. Over the next eight years, the segment is forecast to report a CAGR of 9.44 and be worth USD 13,295.2 million.
By application, the market is segmented into smartphones and tablets. To be estimated at $32 million by the end of 2023, the smartphones led the mobile industry in 2017.
The regions profiled in the smartphone screen protector industry are North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with respect to market sizing.
In 2018, APAC reported close to 47% of the global market share for smartphone screen protectors This is primarily clarified by higher disposable income and a growing consumption of commodities. The APAC industry is predicted to grow to US$18.49M by 2019, at a compound annual growth rate of 10.81%
20 percent of the market is owned by the Europe market, which had a valuation of USD 398 million in 2017. Over the next five years, the industry is expected to experience a CAGR of about 8.75 percent. The Russian industry accounts for approximately 25% of the global market share by 2018 and is expected to expand at a CAGR of 10.03%
The North American market accounted for 16% of total market share in 2017 and is anticipated to grow to over USD 60 billion by 2022. The North American market is projected to reflect the greater share of the market expansion, which can be expected to rise at a CAGR of 9.2%
Development in Latin America and the Middle East Africa is expected to be modest, with steady progression to 2018 and 2019.
December 2021- Lately disclosed pictures of the Xiaomi 12 Pro screen protector showing the phone’s display features before the market launch. Xiaomi revealed critical details regarding the launch of the Xiaomi 12 series smartphones. Some of the models from the latest series will be provided with the new Snapdragon 8 Gen 1 flagship processor. The details regarding the monikers of the upcoming Xiaomi 12 series phones are still not revealed.
Table of Content
1 Report Prologue
2 Market Introduction
2.1 Definition 19
2.2 Scope Of The Study 19
2.3 List Of Assumptions 20
2.4 Market Structure 20
3 Research Methodology
3.1 Research Process 22
3.2 Primary Research 23
3.3 Secondary Research 24
3.4 Market Size Estimation 24
3.5 Forecast Model 25
4 Market Dynamics
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