According to a market report by Lucintel, the future of the global mobile phone insurance market looks promising with opportunities in the business and individual markets. The global mobile phone insurance market is expected to reach an estimated $48.0 billion by 2030 from $27.5 billion in 2024,at a CAGR of 9.7% from 2024 to 2030. The major drivers for this market are upsurge in the adoption of premium-quality smartphones, substantial replacement cost of various mobile phone components, as well as, increasing occurrences of accidental damage, phone thefts, and device malfunctions.
A more than 150-page report to understand trends, opportunity and forecast in mobile phone insurance market to 2030 by coverage type (physical damage, internal component failure, theft & loss protection, and others), phone type (budget phones, mid & high-end phones, and premium smartphones), end use (business and individuals), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that digital is expected to witness highest growth over the forecast period due to its growing demand among users given to its various features, such as superior temperature management, digital display, programmable settings, and ability to perform remote monitoring.
Oil & gas is expected to witness highest growth over the forecast period due to substantial use of hazardous thermostat in this sector to avoid any potential risks caused by volatile substances and flammable gases.
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APAC is expected to witness highest growth over the forecast period due to extensive demand for hazardous thermostat in various end use industries, such as mining, manufacturing, and energy sectors of the region.
Pentair, Johnson Controls, R. Stahl, Honeywell International, Emerson Industrial Automation are the major suppliers in the mobile phone insurance market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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