The increasing number of smartphones users and rising incidences of accidental damage, phone thefts, device malfunction, etc., are among the key factors driving the global mobile phone insurance market. Mobile phones are highly prone to physical and technical damages, and the rising cost of smartphones is driving the consumers towards opting for mobile phone insurance policies. Collaborations among mobile phone manufacturers and insurance regulators are also driving the market globally. Insurance vendors in the market are improving the policies with recovery features, data protection, and extensive technical support to the consumers while they claim their insurance. Moreover, the emergence of multichannel interaction, direct-to-consumer insurance assistance, online transaction platforms, etc, are also driving the global mobile phone insurance market further. Other factors driving the market include rising demand of data and virus protection plans, improving access through improved distribution networks, rising demand of premium smart phones, etc. Looking forward, IMARC Group expects the global mobile phone insurance market to exhibit strong growth during 2020-2025.

The global mobile phone insurance market was valued at US$ 24.9 Billion in 2019. The mobile phone insurance is the coverage taken by the cellular phone users in order to protect their cell phones from various damages and losses. The coverage is provided to the insured in case of circumstances such as damage, fire, theft, accident, and other unexpected situations. Mobile phone insurance helps the consumer to evade expensive replacement costs in case of mobile phone loss or breakdown. The market consists of well-established players across the globe that invest significantly in order to deliver the most elaborate insurance solutions to the customers.

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Mobile Phone Insurance Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID 19

5.4 Market Breakup by Phone Type

5.5 Market Breakup by Coverage

5.6 Market Breakup by Distribution Channel

5.7 Market Breakup by End-User

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup Phone Type

6.1 New Phone

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Refurbished

6.2.1 Market Trends

6.2.2 Market Forecast

7 Market Breakup by Coverage

7.1 Physical Damage

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Electronic Damage

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Virus Protection

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Data Protection

7.4.1 Market Trends

7.4.2 Market Forecast

7.5 Theft Protection

7.5.1 Market Trends

7.5.2 Market Forecast

8 Market Breakup by Distribution Channel

8.1 Mobile Operators

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Device OEMs

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Retailers

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 Online

8.4.1 Market Trends

8.4.2 Market Forecast

8.5 Others

8.5.1 Market Trends

8.5.2 Market Forecast

9 Market Breakup by End-User

9.1 Corporate

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Personal

9.2.1 Market Trends

9.2.2 Market Forecast

10 Market Breakup by Region

10.1 Europe

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 North America

10.2.1 Market Trends

10.2.2 Market Forecast

10.3 Asia Pacific

10.3.1 Market Trends

10.3.2 Market Forecast

10.4 Middle East and Africa

10.4.1 Market Trends

10.4.2 Market Forecast

10.5 Latin America

10.5.1 Market Trends

10.5.2 Market Forecast

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 AIG

15.3.2 Allianz Insurance

15.3.3 AmTrust International Underwriters

15.3.4 Apple

15.3.5 AT&T

15.3.6 AXA

15.3.7 Deutsche Telekom

15.3.8 Liberty Mutual Insurance Group

15.3.9 Pier Insurance Managed Services

15.3.10 Samsung Electronics

15.3.11 SoftBank Corporation

15.3.12 Sprint Corporation

15.3.13 Telefonica Insurance S.A

15.3.14 Verizon Communications

15.3.15 Vodafone Group

15.3.16 Xiaomi

15.3.17 Orange

List of Figures

Figure 1: Global: Mobile Phone Insurance Market: Major Drivers and Challenges

Figure 2: Global: Mobile Phone Insurance Market: Sales Value (in Billion US$), 2014-2019

Figure 3: Global: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2019

Figure 4: Global: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2019

Figure 5: Global: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2019

Figure 6: Global: Mobile Phone Insurance Market: Breakup by End-User (in %), 2019

Figure 7: Global: Mobile Phone Insurance Market: Breakup by Region (in %), 2019

Figure 8: Global: Mobile Phone Insurance Market Forecast: Sales Value (in Billion US$), 2020-2025

Figure 9: Global: Mobile Phone Insurance Industry: SWOT Analysis

Figure 10: Global: Mobile Phone Insurance Industry: Value Chain Analysis

Figure 11: Global: Mobile Phone Insurance Industry: Porter’s Five Forces Analysis

Figure 12: Global: Mobile Phone Insurance (New Phone) Market: Sales Value (in Million US$), 2014-2019

Figure 13: Global: Mobile Phone Insurance (New Phone) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 14: Global: Mobile Phone Insurance (Refurbished) Market: Sales Value (in Million US$), 2014-2019

Figure 15: Global: Mobile Phone Insurance (Refurbished) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 16: Global: Mobile Phone Insurance (Physical Damage) Market: Sales Value (in Million US$), 2014-2019

Figure 17: Global: Mobile Phone Insurance (Physical Damage) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 18: Global: Mobile Phone Insurance (Electronic Damage) Market: Sales Value (in Million US$), 2014-2019

Figure 19: Global: Mobile Phone Insurance (Electronic Damage) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 20: Global: Mobile Phone Insurance (Virus Protection) Market: Sales Value (in Million US$), 2014-2019

Figure 21: Global: Mobile Phone Insurance (Virus Protection) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 22: Global: Mobile Phone Insurance (Data Protection) Market: Sales Value (in Million US$), 2014-2019

Figure 23: Global: Mobile Phone Insurance (Data Protection) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 24: Global: Mobile Phone Insurance (Theft Protection) Market: Sales Value (in Million US$), 2014-2019

Figure 25: Global: Mobile Phone Insurance (Theft Protection) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 26: Global: Mobile Phone Insurance Market: Sales through Mobile Operators (in Million US$), 2014-2019

Figure 27: Global: Mobile Phone Insurance Market Forecast: Sales through Mobile Operators (in Million US$), 2020-2025

Figure 28: Global: Mobile Phone Insurance Market: Sales through Device OEMs (in Million US$), 2014-2019

Figure 29: Global: Mobile Phone Insurance Market Forecast: Sales through Device OEMs (in Million US$), 2020-2025

Figure 30: Global: Mobile Phone Insurance Market: Sales through Retailers (in Million US$), 2014-2019

Figure 31: Global: Mobile Phone Insurance Market Forecast: Sales through Retailers (in Million US$), 2020-2025

Figure 32: Global: Mobile Phone Insurance Market: Sales through Online (in Million US$), 2014-2019

Figure 33: Global: Mobile Phone Insurance Market Forecast: Sales through Online (in Million US$), 2020-2025

Figure 34: Global: Mobile Phone Insurance Market: Sales through Other Distribution Channels (in Million US$), 2014-2019

Figure 35: Global: Mobile Phone Insurance Market Forecast: Sales through Other Distribution Channels (in Million US$), 2020-2025

Figure 36: Global: Mobile Phone Insurance (Corporate) Market: Sales Value (in Million US$), 2014-2019

Figure 37: Global: Mobile Phone Insurance (Corporate) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 38: Global: Mobile Phone Insurance (Personal) Market: Sales Value (in Million US$), 2014-2019

Figure 39: Global: Mobile Phone Insurance (Personal) Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 40: Europe: Mobile Phone Insurance Market: Sales Value (in Million US$), 2014-2019

Figure 41: Europe: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 42: North America: Mobile Phone Insurance Market: Sales Value (in Million US$), 2014-2019

Figure 43: North America: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 44: Asia Pacific: Mobile Phone Insurance Market: Sales Value (in Million US$), 2014-2019

Figure 45: Asia Pacific: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 46: Middle East and Africa: Mobile Phone Insurance Market: Sales Value (in Million US$), 2014-2019

Figure 47: Middle East and Africa: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2020-2025

Figure 48: Latin America: Mobile Phone Insurance Market: Sales Value (in Million US$), 2014-2019

Figure 49: Latin America: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2020-2025

List of Tables

Table 1: Global: Mobile Phone Insurance Market: Key Industry Highlights, 2019 and 2025

Table 2: Global: Mobile Phone Insurance Market Forecast: Breakup by Phone Type (in Million US$), 2020-2025

Table 3: Global: Mobile Phone Insurance Market Forecast: Breakup by Coverage (in Million US$), 2020-2025

Table 4: Global: Mobile Phone Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025

Table 5: Global: Mobile Phone Insurance Market Forecast: Breakup by End-User (in Million US$), 2020-2025

Table 6: Global: Mobile Phone Insurance Market Forecast: Breakup by Region (in Million US$), 2020-2025

Table 7: Global: Mobile Phone Insurance Market Structure

Table 8: Global: Mobile Phone Insurance Market: Key Players