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Smartphone Screen Protectors Market: Insights by Material Type, Product Type, Size, Application, Region and Forecast to 2030
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Overview of the smartphone screen protector market
The global smartphone screen protectors market is expected to be worth USD 76.64 billion by 2030, registering a CAGR of 10.25% during the forecast period (2021 – 2030). smartphone screen protector market was valued at USD 43.15 billion in 2021.
Market dynamics
Due to the prevalence of smartphones, it is now easy to access various forms of entertainment in our possession. Their increasing use has given rise to a range of additional mobile devices. One such device is the cell phone screen protector which is scratch and damage resistant. The increase in smartphone purchases, due to new Chinese entrants in the industry, is expected to lead to an increase in demand in the coming years. The preference for tempered glass is expected to affect smartphone retail sales and the screen protector market. Growing demographics and substantial growth in disposable income of customers are driving a change in the shape of the market. More and more people have more money resulting in more demand for electronic products like smartphones including screen protectors. The growing demand for used and refurbished smartphones is expected to contribute to the growth of screen protectors.
COVID 19 analysis
According to the growth of the smartphone screen protectors market, COVID 19 has impacted the global market. COVID 19 has mourned 215 countries. To combat the negative effects, countries are conducting lockdowns which have harmed the market. The pandemic has had an impact on this market segment. Due to the COVID-19 outbreak, companies have changed their annual budgets and preferences to get through this pandemic.
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Smartphone Screen Protectors Market Competitive Analysis
Major Key Players of Smartphone Screen Protectors Market include
AGC (Japan),
SCHOTT AG (Germany),
ZAGG Inc. (USA),
Corning Incorporated (USA),
FeYong Digital Technology Limited (China),
Shenzhen Yoobao Technology Co., Ltd (China),
BodyGuardz (USA),
Belkin International, Inc. (USA),
AZ Infolink Private Limited (India), and
Nippon Electric Glass Co., Ltd (Japan).
Players use business growth tactics to maximize their market position, such as through mergers, acquisitions, and collaborations.
Drivers
The Smartphone Screen Protectors market report shows that it is driven by the rapid acceptance of modern phones, increased development of such type of products by major manufacturers. Various government regulations, requirement for gadgets and increasing consumer awareness have compelled manufacturers to create smartphone screen protector products. Various factors are focusing on increasing the market share, including factors such as continuous global economic development, increasing consumer spending, expanding urban population, increasing investments, increasing recreational activities .
Opportunities
The smartphone screen protector industry has different features such as cold tempered glass, new PET and TPU, which offers a lot to the low manufacturing expense of the product. Additionally, the market reflects high operating margins that lead distributors to run exorbitant deep discounts and low price cuts to attract consumers.
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Smartphone Screen Protectors Market Segmentation:
The smartphone screen protectors market is segmented on the basis of material type, product type, size, application, and region.
By materials, the smartphone screen protectors market is segmented into polyethylene terephthalate (PT), thermoplastic polyurethane (TPU), and glass. In 2017, the glass segment is expected to report sales of USD 27.2 million, which will grow to USD 42.6 million over the next 5 years at a CAGR of 10.3%. the increased growth is due to the benefits of using glass, which is more scratch and abrasion resistant.
The different sizes discussed in the report include 0.21mm, 0.26mm, 0.33mm, and 0.48mm. Applications include smartphones and tablets. The 0.21mm screen protector is highly preferred by consumers due to its easy application.
By product, the market is segmented into 2D, 2.5D, 3D, and 9.5H, in which the 2.5D product form dominates the market. These screens provide a blank surface. Over the next eight years, the segment is expected to post a CAGR of 9.44 and be worth $13,295.2 million.
By application, the market is segmented into smartphones and tablets. Estimated at $32 million by the end of 2023, smartphones dominated the mobile industry in 2017.
Regional analysis
Regions profiled in Smartphone Screen Protectors industry are North America, Europe, Asia-Pacific (APAC) and Middle East and Africa (MEA), with respect to the size of the market.
In 2018, APAC held nearly 47% of the global smartphone screen protector market share. This is mainly due to higher disposable income and increasing consumption of raw materials. The APAC industry is expected to reach US$18.49 million by 2019, at a compound annual growth rate of 10.81%
20% of the market belongs to the European market, which had a valuation of $398 million in 2017. Over the next five years, the industry is expected to witness a CAGR of around 8.75%. The Russian industry accounts for around 25% of the global market share by 2018 and is expected to grow at a CAGR of 10.03%.
The North American market accounted for 16% of the total market share in 2017 and is expected to reach over USD 60 billion by 2022. The North American market is expected to reflect the largest share of market expansion, which is expected to increase at a CAGR of 9.2%
Growth in Latin America and Middle East Africa is expected to be modest, with steady growth through 2018 and 2019.
RECENT DEVELOPMENTS
December 2021 – Recently leaked photos of the Xiaomi 12 Pro screen protector showing the display features of the phone before market launch. Xiaomi has revealed critical details regarding the launch of Xiaomi 12 series smartphones. Some of the latest series models will be equipped with the new flagship Snapdragon 8 Gen 1 processor. still not revealed.
Contents
1 Prologue Report
2 Market overview
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 Forecasting model 25
4 Market dynamics
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