Global Mobile Phone Insurance Ecosystem Market Growth (Status and Outlook) 2023-2029

Global Mobile Phone Insurance Ecosystem Market Growth (Status and Outlook) 2023-2029

Mobile insurance refers to a type of insurance cover which is available to protect your mobile, iPhone or PDA in the event it is lost, stolen or accidentally damaged, either in the domestic area or overseas. Mobile insurance cover can be taken out on a monthly or annual basis paid by direct debit or in some cases by credit card, some insurers offer an automatic renewal service when the policy expires.

Insurance is a big part of the mobile ecosystem. Most major wireless carriers, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online.

Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones, and smartphones in particular are no exception to this trend.

LPI (LP Information)' newest research report, the “Mobile Phone Insurance Ecosystem Industry Forecast” looks at past sales and reviews total world Mobile Phone Insurance Ecosystem sales in 2022, providing a comprehensive analysis by region and market sector of projected Mobile Phone Insurance Ecosystem sales for 2023 through 2029. With Mobile Phone Insurance Ecosystem sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mobile Phone Insurance Ecosystem industry.

This Insight Report provides a comprehensive analysis of the global Mobile Phone Insurance Ecosystem landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mobile Phone Insurance Ecosystem portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mobile Phone Insurance Ecosystem market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mobile Phone Insurance Ecosystem and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mobile Phone Insurance Ecosystem.

The global Mobile Phone Insurance Ecosystem market size is projected to grow from US$ 25010 million in 2022 to US$ 53430 million in 2029; it is expected to grow at a CAGR of 11.5% from 2023 to 2029.

Global core mobile phone insurance ecosystem manufacturers include AIG, Apple and AXA etc. The top 3 companies hold a share about 20%. North America is the largest market, with a share about 45%, followed by Europe and Asia Pacific with the share about 30% and 20%.In terms of product, mobile phone operators & retailers is the largest segment, with a share over 53%. And in terms of application, the largest application is physical damage, followed by theft & loss.

This report presents a comprehensive overview, market shares, and growth opportunities of Mobile Phone Insurance Ecosystem market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Mobile Phone Operators & Retailers
Wireless Carrier
Other Channels

Segmentation by application
Physical Damage
Theft & Loss
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AIG
Apple
AXA
Asurion
Assurant
Hollard Group
Brightstar Corporation
Geek Squad
Allianz Insurance
AmTrust
Aviva

Please note: The report will take approximately 2 business days to prepare and deliver.