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The domestic market for tempered glass screen protectors for smartphones – dominated by China – is expected to reach 550 million units worth Rs 25,000 crore ($3.4 billion) by 2025, generating at least 75,000 jobs in the country, a new report showed on Wednesday.
Even with such large projected demand, India has no established players supplying tempered glass screen protectors and most business (90%) is in the unorganized market, according to a report from the India Cellular and Electronics Association (ICEA).
“Tempered glass should be placed under the CRO (Compulsory Registration Order (CRO)) regime so that proper standardization takes place. This will shift the market to the organized sector, in line with mobile accessories like chargers, batteries, tempered glass, hearing aids and wearables,” the results showed.
Currently, the global market for mobile accessories, including chargers, batteries, tempered glass, hearing aids and wearables, etc. worth $225 billion.
The screen protector market is a key part of the global mobile accessories ecosystem, which is expected to grow to $75 billion from $43 billion currently.
“There is an urgent need to channel this industry with quality standards and ensure that ‘substandard’ tempered glass screen protectors are not manufactured/imported or sold domestically,” said Pankaj Mohindroo, President of the ICEA.
Once standardization is achieved, a legal and quality-driven marketplace will be created, “enabling local suppliers to sell through appropriate channels and formalizing the entire supply chain,” Mohindroo added.
China dominates the tempered glass manufacturing segment with more than 90% of the global market, mainly dominated by its SME/MSME segment.
With sustainable and organized domestic manufacturing, India also has a great global opportunity for a substantial share of the global market, which can be a great catalyst and a huge opportunity for MSMEs in India.
“The tempered glass screen protectors market, if regularized, would benefit the nation by improving the image of the country as a manufacturing base for quality products” and can generate employment up to 75,000 (direct and indirect),” Mohindroo said.
