Global Mobile Phone Insurance Market Size, Status and Forecast 2019-2025
Mobile Phone Insurance is defined as an insurance product that covers certain insured events arising in relation to mobile phones. This report is focused on insurance products that exclusively have their primary focus to provide coverage against some kind of damage (loss, theft, physical damage, etc.) of mobile phones.
Based on regions, North America and Europe are relatively mature market which are navigating the market. In 2018, total North America Mobile Phone Insurance Market Size is estimated to be 10625 Million USD, growing at a CAGR of 10.43% from 2013 to 2018. Total Europe Mobile Phone Insurance Market Size is estimated to be 6795 Million USD, growing at a CAGR of 11.72% from 2013 to 2018. APAC is expected to be the fastest growing market, especially for the rapid growing China and India market. In 2018, total APAC Mobile Phone Insurance Market Size is estimated to be 4111 Million USD, growing at a CAGR of 20.73% from 2013.
Based on sales channels, in an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of location tracking, data protection/recovery features and integrated technical support. The success of mobile phone insurance plans has driven several wireless carriers, to invest in the sales of other insurance products through mobile phones and their retail outlets. New insurance models are also beginning to emerge. Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets.
In 2018, the global Mobile Phone Insurance market size was 20200 million US$ and it is expected to reach 44000 million US$ by the end of 2025, with a CAGR of 10.2% during 2019-2025.
This report focuses on the global Mobile Phone Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Phone Insurance development in United States, Europe and China.
The key players covered in this study
AIG
Apple
AXA
Asurion
Assurant
Hollard Group
Chubb (ACE)
SoftBank
Allianz Insurance
AmTrust
Aviva
Market segment by Type, the product can be split into
Wireless Carrier
Mobile Phone Operators & Retailers
Other Channels
Market segment by Application, split into
Physical Damage
Theft & Loss
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile Phone Insurance status, future forecast, growth opportunity, key market and key players.
To present the Mobile Phone Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Mobile Phone Insurance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Based on regions, North America and Europe are relatively mature market which are navigating the market. In 2018, total North America Mobile Phone Insurance Market Size is estimated to be 10625 Million USD, growing at a CAGR of 10.43% from 2013 to 2018. Total Europe Mobile Phone Insurance Market Size is estimated to be 6795 Million USD, growing at a CAGR of 11.72% from 2013 to 2018. APAC is expected to be the fastest growing market, especially for the rapid growing China and India market. In 2018, total APAC Mobile Phone Insurance Market Size is estimated to be 4111 Million USD, growing at a CAGR of 20.73% from 2013.
Based on sales channels, in an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of location tracking, data protection/recovery features and integrated technical support. The success of mobile phone insurance plans has driven several wireless carriers, to invest in the sales of other insurance products through mobile phones and their retail outlets. New insurance models are also beginning to emerge. Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets.
In 2018, the global Mobile Phone Insurance market size was 20200 million US$ and it is expected to reach 44000 million US$ by the end of 2025, with a CAGR of 10.2% during 2019-2025.
This report focuses on the global Mobile Phone Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Phone Insurance development in United States, Europe and China.
The key players covered in this study
AIG
Apple
AXA
Asurion
Assurant
Hollard Group
Chubb (ACE)
SoftBank
Allianz Insurance
AmTrust
Aviva
Market segment by Type, the product can be split into
Wireless Carrier
Mobile Phone Operators & Retailers
Other Channels
Market segment by Application, split into
Physical Damage
Theft & Loss
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Mobile Phone Insurance status, future forecast, growth opportunity, key market and key players.
To present the Mobile Phone Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Mobile Phone Insurance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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