Smartphone Screen Protector Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast to 2022
smartphone screen protector market segments the global market into regional markets namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa (MEA).
Pune, India – December 18, 2018 /MarketersMedia/ —
Smartphones are an important part of consumers’ lives with every second consumer being a mobile addict. The touchscreen of smartphones is sensitive, and it gets damaged by a minor fall or scratch. Therefore, smartphone screen protectors are necessary. Market Research Future (MRFR) has published and released a research report about the global smartphone screen protector market that expects a boost for this market at 9.92% CAGR (Compound Annual Growth Rate) between 2018 and 2023. In terms of value, the market is expected to be worth US $ 37,380.2 mn by the end of the forecast period.
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The important factors contributing to the growth of the global smartphone screen protector market include the availability of cost-effective smart devices (made in China) and increasing sales of smartphones. Other factors helping the market growth include the changing demographics and the rising disposable income levels of consumers.
The global smartphone screen protector market has been segmented on the basis of application, material type, product type, size, and lastly, region. The application-based segmentation segments this market into smartphone and tablets. By material type, the market segmentation covers glass, polyethylene terephthalate (PT), and thermoplastic polyurethane (TPU). The glass segment held the largest market share in 2017 and during the forecast period, it is expected to grow at 10.3% CAGR. The worth of glass market has been estimated to be the US $ 27,742.6 mn during the forecast period. Compared to PT and TPU, the glass offers better protection against scratches and high-impact damage, and that is why its market is high.
On the basis of product type, the market has been segmented into 2D, 2.5D, 3D, and 9.5H. Among these segments, the 2.5D segment is leading the market. Growing at 9.44% CAGR, the 2.5D segment is expected to be worth US $ 13,295.2 mn by the end of the forecast period. By size, the market has been segmented into 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm.
The regional segmentation of the global smartphone screen protector market segments the global market into regional markets namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific region is the largest regional market. Asia Pacific region dominates the global market with 47% market share due to changing lifestyles of consumers and increased disposable income. Growing at 10.81% CAGR, the Asia Pacific market is likely to reach the value of US $ 18,493.4 mn by 2023 during the forecast period. The pivotal country-specific markets in this region are India, China, Japan, South Korea, and Taiwan, followed by the remaining countries of the Asia Pacific region.
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Europe is the second largest market. It held 20% of the global market share in 2017, and it is expected to grow during the forecast period at 8.75% CAGR. In Europe, Russia is the biggest market as it held a 25% share of the European market in 2017 and during the forecast period, it is expected to grow at 10.03% CAGR. Other major country-specific markets in this region are France, Germany, Italy, Russia, Spain, and the UK, followed by the remaining countries of Europe.
In 2017, the market in North America was 16% of the total global market that made it the third largest market. In 2023, its worth is estimated to be the US $ 5913.1 mn. In North America, the key country-specific markets are the USA and Canada. US market is expected to grow at 9.20% CAGR during the forecast period.
The MEA region and Latin America are expected to have moderate but steady growth during the forecast period. Factors affecting the growth of the MEA market include the lack of technological development, lack of infrastructure, lack of education, lack of awareness, and political instability. The key country-specific markets in this region are Saudi Arabia, Turkey, and the United Arab Emirates (UAE), followed by the remaining countries of the MEA region. In Latin America, the market is smaller compared to North America. However, Argentina, Brazil, and Mexico are the most important country-specific markets in this region, followed by the remaining countries in Latin America.
Key Players
The key players in the global smartphone screen protector market include AGC (Japan), AZ Infolink Private Limited (India), Belkin International Inc. (USA), BodyGuardz (USA), Corning Incorporated (USA), FeYong Digital Technology Limited (China), Nippon Electric Glass Co. Ltd (Japan), SCHOTT AG (Germany), Shenzhen Yoobao Technology Co. Ltd (China), and ZAGG Inc. (USA).
Latest Industry News
Samsung is preparing to launch a new lineup of affordable smartphones that will come under the Galaxy M series. 6 DEC 2018
OnePlus 6T tempered glass screen protector is available for sales now. 29 NOV 2018
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