The global smartphone screen protector market is slated to expand at a 10.25% CAGR from 2021 to 2028 (forecast period), as per the new report by Market Research Future (MRFR).
Due to the prevalence of smartphones, it is now easy to access diverse forms of entertainment all in our possession. Their rising use has given rise to a range of additional mobile devices. One such device is the cell phone screen protector is scratch and harm resistant. Increased smartphone purchases, due to new Chinese entrants in the industry, is expected to lead to a rise in demand in the upcoming years. Preference for tempered glass is expected to affect the retail sales of smartphones and the screen protector market. A growing demographics and substantial growth in customer disposable income is leading to the market's shift in shape. More and more people are having more money therefore is resulting in increased demand for electronic products such as smartphones, including screen protectors. The growing demand for pre-owned and refurbished smartphones is projected to contribute to a growth in screen protectors. Additional considerations that include the launch of 2.5 and 3D screen protectors, which improve the user interface, would be required to propel the development of the cell phone screen protectors.
The Smartphone Screen Protector Market is segmented based on material type, product type, size, application, and region.
By materials, the smartphone screen protector market is segmented into polyethylene terephthalate (PT), thermoplastic polyurethane (TPU), and glass. In 2021, the glass segment is estimated to bring in USD 27.2 million in sales, which will increase to USD 42.6 million over the next 5 years at a CAGR of 10.3 percent. the increased growth is due to the benefits of using glass, which is more resistant to scratches and abrasion.
Various sizes discussed in the report include 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm. Applications include smartphones and tablets. The 0.21 mm screen protector is highly preferred by consumers owing to the ease of its application.
By product, the market is segmented into 2D, 2.5D, 3D, and 9.5H, in which 2.5D form of product is leading the market These displays provide a pristine surface. Over the next eight years, the segment is forecast to report a CAGR of 9.44 and be worth USD 13,295.2 million.
By application, the market is segmented into smartphones and tablets. To be estimated at $32 million by the end of 2023, the smartphones led the mobile industry in 2021.
The regions profiled in the smartphone screen protector industry are North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with respect to market sizing.
In 2018, APAC reported close to 47% of the global market share for smartphone biometric This is primarily clarified by higher disposable income and a growing consumption of commodities. The APAC industry is predicted to grow to US$18.49M by 2019, at a compound annual growth rate of 10.81%
20 percent of the market is owned by the Europe market, which had a valuation of USD 398 million in 2017. Over the next five years, the industry is expected to experience a CAGR of about 8.75 percent. The Russian industry accounts for approximately 25% of the global market share by 2018 and is expected to expand at a CAGR of 10.03%
The North American market accounted for 16% of total market share in 2021 and is anticipated to grow to over USD 60 billion by 2022. The North American market is projected to reflect the greater share of the market expansion, which can be expected to rise at a CAGR of 9.2%
Development in Latin America and the Middle East Africa is expected to be modest, with steady progression to 2021 and 2028.
Noteworthy key players in the smartphone screen protector market include AGC (Japan), SCHOTT AG (Germany), ZAGG Inc. (US), Corning Incorporated (US), FeYong Digital Technology Limited (China), Shenzhen Yoobao Technology Co., Ltd (China), BodyGuardz (US), Belkin International, Inc. (US), AZ Infolink Private Limited (India), and Nippon Electric Glass Co., Ltd (Japan). Players use business growth tactics to maximize their position of the market, such as by mergers, acquisitions and collaborations.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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