The global Smartphone Screen Protector Market is projected 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 Overview
The worldwide Smartphone Screen Protector Market is anticipated to generate approximately USD 76.64 billion market growth by the year 2030. However, the global market for smartphone screen protectors is projected to account for the market value of a CAGR of 10.25% in the predicted period of 2021 to 2030.
The global Smartphone Screen Protector Market growth is currently driving because of the rising demand for the usage of smartphones across the world. This is resulting in expanding different additional products that are fuelling the overall look and functioning of smartphone devices. The smartphone screen protector is a great example of this useful product that protects and safeguards the mobile phone's screen from any damage and regular scratches. Moreover, the global market for Smartphone Screen Protector is projected to grow in the forecast period due to the rising per capita income across the globe that forces the demand for luxuries like smartphones. Further, the rising demand for premium technology-based smartphones and low-price advanced smartphones is expected to drive the global market growth during the research period.
It has been identified that the present global market has been segmented based on material type, size, different product types, and application. The global market is spread across various regions across the world. Still, the Asia Pacific region is projected to lead the global market by acquiring the largest market share during the review timeframe.
As per the Smartphone Screen Protector Market Growth, the COVID 19 has impacted the world's market. The COVID 19 has grieved 215 countries. To combat the negative effects, countries lead lockdowns that have adversely affected the market. The pandemic has made an impact on this market segment. Due to the COVID-19 outbreak, the companies have altered their annual budgets and preferences to get through during this pandemic. Also, companies across the world are financing heavily to continue operations. Local governments are distributing better financial packages to help businesses during this enormous pandemic, with a special concentration on SMEs. The COVID-19 pandemic has also boosted adoption across industry verticals as users move to leverage advantages, such as expansion and less cost. Despite the global economic slowdown, around 50% of subscription companies are expanding at a similar pace without any negative influence due to the COVID-19 pandemic.
The Smartphone Screen Protector Market Report shows that it is driven by the quick acceptance of modern phones, increased development of these kinds of products by major manufacturers. Various government regulations, the requirement for gadgets, and increasing consumer awareness have compelled makers to create Smartphone Screen Protector Products.
Different factors are focusing on boosting the market share, including factors like continuous global economic development, rising consumer spending, expanding urban population, rising investments, rise in recreational operations. Besides, huge investments in research and development activities to improve efficiency and enhance the performance of screen protectors through innovative solutions, higher quality and outputs, reduced breakages, increased phone efficiency, and increasing establishment of major brands are also bolstering the Smartphone Screen Protector Market Share growth.
The Smartphone Screen Protector industry has different features such as cool tempered glass, new PET, and TPU, which provides plenty to the low manufacturing expenditure of the product. Also, the market reflects high operating margins that lead the distributors to achieve exorbitant major discounts and low price reductions to attract the consumers. Also, limited market entry barriers among the competitors, such as very low set-up cost, are projected to drive the market pace over the projected timelines.
Increasing demand for the latest refurbished and pre-used smartphone gadgets owing to less cost is projected to drive the major demand for screen protectors. Also along with, growing product design, mega innovations, such as the wide introduction of 2.5D and 3D screen protectors and gadgets that lead the maximum customer experience, are expected to boost the smartphone screen protector market growth within very little time.
There are many benefits of this solution; however, there are plenty of limitations associated with costs and overhead. The significant licensing part of these primary solutions is very expensive, and a lot of times, users make a claim fewer licenses than actually need to control their costs. The demand for Smartphone Screen Protector Market Forecast for better infrastructure and a stable market is very strong; however, organizations in developing countries face rigorous issues with their infrastructure. Furthermore, there is a growing demand for regular and management of the system to ensure high reliability, as these smartphone solutions are crucial. The immense expenditure of installation and essential activities is estimated to act as a challenge for vendors operating in the global market.
The Smartphone Screen Protector Market segment is projected to witness growth owing to its increasing demand from the low-income categories. In addition, consumers are showing interest in buying low-grade plastic that is based on screen protectors for such gadgets. Moreover, the essential demand for tempered glass for this category is expected to keep stagnant because of the relatively better price of the product.
Because increasing demand for low-price advanced and premium technology-based smartphones is estimated to drive the segment in the years to come, in addition, the gadget industry is expected to reap the benefit of the rising demand for the latest accessories by consumers. Also along with, increasing demand for locally manufactured latest smartphones is expected to a huge positive impact on the demand.
The primary market claims to have a revenue of USD 76.64 billion by 2030, registering a CAGR of 10.25% during the forecast period (2021 - 2030). The requirement for this vast concept has risen because companies are conscious now. The different Asian and North American major countries are focusing on spreading the production to meet the given targets and deal with innovative technologies effectively.
The Global Smartphone Screen Protector Market is impressive; famous companies are manufacturing screen protectors. It is a modern concept. Unbelievably high in demand, super low-slung looks that can give the consumer a unique experience. The best smartphones provide a perfect screen guard. Thus, they have offered less strain on the actual phone's body and overall performance.
The companies are creating new avenues, and this concept of screen guards is gaining momentum. The processes are dynamic now, so the concept is evolving every day. To meet the global supply chain and latest technology services criteria, the major companies are getting agreement to grow and work together. Organizations that are active in the making of products launch an advanced solution sanctioning that can proactively charge and advance in functions.
The latest smartphone screen protector market is divided based on material type, different product type, size, application, and local region.
On the basis of material, the market has been divided into glass, the latest polyethylene terephthalate (PT), and thermoplastic polyurethane (TPU),. The overall glass segment has accounted for a total of 72.32% of the market share in the year 2017 and is expected to grab the value of a total of USD 27,742.6 million, which registered a CAGR of 10.3% during the overall and estimated appraisal period. The total segment growth can be focused on the benefits of using elegant glass, as it offers the best protection against any scratches and superior high-impact damage as compared to PT and TPU.
By product, the market is divided into 2D, 2.5D, 3D, and 9.5H, on those which the 2.5D product type segment is the leader of the market. These amazing screens provide a smooth and real flawless surface. Hence, the segment is estimated to register an enormous CAGR 2023.
On the basis of size, the market is divided into 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm. The 0.21 mm latest screen protector is enormously favorable because of the ease of its application.
On the basis of application, the market is divided into smartphones and tablets.
According to a global scenario, the Smartphone Screen Protector Market Size is divided into four major regions such as North America, Asia Pacific, Europe, and The Rest of the World. Among all the countries, North America has a prominent position in the market. The U.S. is a leader in the region, followed by the Asia Pacific region that records substantial growth. The other countries are China, Taiwan, the Republic of Korea, and Japan who are giving importance to the turbocharging market because governmental agencies are constantly showing momentum.
In December 2021
Before the market launch, the Xiaomi 12 Pro screen protector disclosed its pictures that show the display features of the phone. At this time, some of the critical details about the launch of the smartphone Xiaomi 12 series have been revealed by Xiaomi. Here, the company has not revealed the monikers of the upcoming Xiaomi 12 series smartphones.
|Market Size||2030: USD 76.64 billion|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material type, different product type, size, application, and local region.|
|Geographies Covered||North America, Asia Pacific, Europe, and The Rest of the World.|
|Key Vendors||ZAGG Inc. (US), AZ Infolink Private Limited (India), Corning Incorporated (US), Nippon Electric Glass Co., Ltd (Japan), SCHOTT AG (Germany), Belkin International, Inc. (US), FeYong Digital Technology Limited (China), Shenzhen Yoobao Technology Co., Ltd (China), BodyGuardz (US), and AGC (Japan).|
|Key Market Opportunities||Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global smartphone screen protector market adopt to gain a larger competitive advantage.|
|Key Market Drivers||The market proliferation of smartphones.|
The global smartphone screen protector market is projected to grow at a 10.25% CAGR during the forecast period (2021- 2030).
The market proliferation of smartphones.
Asia Pacific holds the largest share in the global smartphone screen protector market followed by North America and Europe, respectively.
SCHOTT AG (Germany), AGC (Japan), ZAGG Inc. (US), FeYong Digital Technology Limited (China), Corning Incorporated (US), Shenzhen Yoobao Technology Co., Ltd (China), Belkin International, Inc. (US), BodyGuardz (US), Nippon Electric Glass Co., Ltd (Japan), and AZ Infolink Private Limited (India), are some of the leading players in the global Smartphone screen protector market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global smartphone screen protector market adopt to gain a larger competitive advantage.