Global Mobile Phone Insurance Market Forecast 2035
According to the report, the global mobile phone insurance market is likely to grow from USD 31.2 Billion in 2025 to USD 96.4 Billion in 2035 at a highest CAGR of 10.8% during the time period. The mobile phone insurance market has been experiencing tremendous growth all over the world, which is being caused by a number of factors including the rising value of smartphones, which are accompanied by their indispensable nature in everyday life, has increased consumer awareness concerning the dangers of damaging, losing, or being stolen with the devices.
Indicatively, in 2025, mobile retailers in the UK such as VodafoneThree and Virgin media O2 recorded an astonishing 967% increase in theft cases relative to the preceding year, especially in the UK in London and southeast. The result of this influx is that the claims related to phones theft have risen by 425% in the UK, which illustrates the need to protect against phone theft. Additionally, the growth of e-commerce sites has increased the accessibility of insurance products so that a consumer can easily compare and buy insurance online. Mobile device purchases have also been made easy by the incorporation of the insurance services by the companies selling these gadgets, which are usually packaged with the services of the telecom companies and other companies selling the devices. With the growing role of smartphones in personal and professional life, the demand to get an all-inclusive insurance coverage is increasing.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Mobile Phone Insurance Market
The rise in the use of high-end smartphones such as foldable and high-end smartphones which are more expensive to replace is driving the global mobile phone insurance market. In 2024, Samsung has registered all-time sales of its Galaxy Z Fold 5 series, and insurers such as Asurion and SquareTrade have launched specific plans of cover of foldable gadgets, covering damage to screens and hinges. The high quality of these devices also predisposes the consumers to take insurance in order to protect their valuable investments.
One of the major limitations is that consumers are not well informed about the terms of insurance and claims processes of mobile phones. According to a survey commissioned by Vodafone UK in early 2025, more than 42 percent of smartphone users shunned insurance because of terms and conditions, claim deductibles and perceived bureaucracy that restricted market penetration, especially among first-time users and the ageing population.
A new opportunity is the integration of mobile phone insurance with fintech apps and digital wallets. Revolut rolled out an in-app insurance application in mid-2024 with mobile insurance instantly available on smartphones bought via its service, with instant claims being processed in real-time. Such a harmonious integration attracts tech-savvy people and opens up new development opportunities to insurers who aim to attract digitally oriented consumers.
Regional Analysis of Global Mobile Phone Insurance Market
- North America is the most demanding region of the mobile phone insurance because of the high penetration of smartphones, high-priced devices and the rising cases of devices loss and theft. In early 2025, Asurion announced a history record of 37% growth in insurance coverage of iPhone 15 series devices in the U. S., as it demonstrates an increased consumer awareness and readiness to cover the cost of costly smartphones. Combined with the ease of claims and the added value of insurance policies by companies such as Verizon and AT&T, the market in the North America is rapidly embracing coverage as a way of protecting against accidental damages, theft and loss, making the region the largest contributor to the global market.
- North America is leading in mobile phone insurance due to high smart phone penetration and premium device adoption.
- The Asia Pacific market is expanding fast because of increased sales of smartphones and insurance, which is offered by carriers. To further increase adoption in both urban and semi-urban regions, in 2024 Samsung collaborated with Reliance Jio in India to offer instant insurance on new smartphones to help increase uptake.
- The development of Europe is supported by the rising cases of devices theft and active insurance campaigns. Vodafone UK in 2025 has launched simplified insurance cover with speedy insurance claim settlements of high-quality smartphones to prompt more customers to take up the insurance, whereby the market is expanded.
Prominent players operating in the global mobile phone insurance market are Akko, Allianz Partners, Aon, AppleCare, Assurant, Asurion, AT&T Device Protection, AXA, Brightstar Corporation, Chubb, CPP Group, GoCare, Safeware, Samsung Care+, SquareTrade, Trōv, Worth Ave Group, AmTrust Financial, Cover Genius, Digital Care, Geek Squad Protection (Best Buy), Inhance Technology, Mobile Rhino, Pier Insurance, ProtectCELL, Servify, and Other Key Players.
The global mobile phone insurance market has been segmented as follows:
Global Mobile Phone Insurance Market Analysis, by Device Type
- New Devices
- Refurbished/Pre-owned Devices
- High-end Premium Smartphones
- Budget/Mid-range Smartphones
- Foldable or Modular Smartphones
- Rugged/Industrial Smartphones
Global Mobile Phone Insurance Market Analysis, by Coverage Type
- Accidental Damage
- Theft & Loss
- Liquid Damage
- Mechanical Breakdown
- Fire & Explosion Damage
- Unauthorized Call/Data Usage
- Screen Damage Only
- International Coverage
- Others
Global Mobile Phone Insurance Market Analysis, by Service Provider Type
- OEM-affiliated Providers
- Independent Insurers
- Telecom Carrier Insurers
- Retailer-backed Plans
- Third-party Aggregator Platforms
- InsurTech Startups
- Others
Global Mobile Phone Insurance Market Analysis, by Claim Type
- Instant Replacement
- Repair & Reimbursement
- In-store Repairs
- Doorstep Pickup & Drop
- Online Claim Filing
- Advance Device Swap
- On-site Assessment Claims
- Others
Global Mobile Phone Insurance Market Analysis, by Mode of Purchase
- Point of Sale
- Online Direct Purchase
- Bundled with Phone Purchase
- Post-purchase Add-on
- Subscription Model via App
- Corporate Policy Procurement
- Others
Global Mobile Phone Insurance Market Analysis, by Plan Duration
- Monthly Plans
- Quarterly Plans
- Annual Plans
- Multi-Year Plans
- Pay-as-you-Go Coverage
Global Mobile Phone Insurance Market Analysis, by Region
- North America
- Europe
- Asia Pacific
- Middle East
- Africa
- South America
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Table of Contents
- 1. Research Methodology and Assumptions
- 1.1. Definitions
- 1.2. Research Design and Approach
- 1.3. Data Collection Methods
- 1.4. Base Estimates and Calculations
- 1.5. Forecasting Models
- 1.5.1. Key Forecast Factors & Impact Analysis
- 1.6. Secondary Research
- 1.6.1. Open Sources
- 1.6.2. Paid Databases
- 1.6.3. Associations
- 1.7. Primary Research
- 1.7.1. Primary Sources
- 1.7.2. Primary Interviews with Stakeholders across Ecosystem
- 2. Executive Summary
- 2.1. Global Mobile Phone Insurance Market Outlook
- 2.1.1. Mobile Phone Insurance Market Size (Value - US$ Bn), and Forecasts, 2021-2035
- 2.1.2. Compounded Annual Growth Rate Analysis
- 2.1.3. Growth Opportunity Analysis
- 2.1.4. Segmental Share Analysis
- 2.1.5. Geographical Share Analysis
- 2.2. Market Analysis and Facts
- 2.3. Supply-Demand Analysis
- 2.4. Competitive Benchmarking
- 2.5. Go-to- Market Strategy
- 2.5.1. Customer/ End-use Industry Assessment
- 2.5.2. Growth Opportunity Data, 2025-2035
- 2.5.2.1. Regional Data
- 2.5.2.2. Country Data
- 2.5.2.3. Segmental Data
- 2.5.3. Identification of Potential Market Spaces
- 2.5.4. GAP Analysis
- 2.5.5. Potential Attractive Price Points
- 2.5.6. Prevailing Market Risks & Challenges
- 2.5.7. Preferred Sales & Marketing Strategies
- 2.5.8. Key Recommendations and Analysis
- 2.5.9. A Way Forward
- 2.1. Global Mobile Phone Insurance Market Outlook
- 3. Industry Data and Premium Insights
- 3.1. Global Consumer Goods & Services Industry Overview, 2025
- 3.1.1. Industry Ecosystem Analysis
- 3.1.2. Key Trends for Consumer Goods & Services Industry
- 3.1.3. Regional Distribution for Consumer Goods & Services Industry
- 3.2. Supplier Customer Data
- 3.3. Technology Roadmap and Developments
- 3.4. Trade Analysis
- 3.4.1. Import & Export Analysis, 2025
- 3.4.2. Top Importing Countries
- 3.4.3. Top Exporting Countries
- 3.5. Trump Tariff Impact Analysis
- 3.5.1. Manufacturer
- 3.5.1.1. Based on the component & Raw material
- 3.5.2. Supply Chain
- 3.5.3. End Consumer
- 3.5.1. Manufacturer
- 3.6. Raw Material Analysis
- 3.1. Global Consumer Goods & Services Industry Overview, 2025
- 4. Market Overview
- 4.1. Market Dynamics
- 4.1.1. Drivers
- 4.1.1.1. Rising smartphone prices increasing financial risk for consumers
- 4.1.1.2. Growing incidence of accidental damages and thefts
- 4.1.1.3. Expansion of bundled insurance services with mobile carriers enhancing convenience
- 4.1.2. Restraints
- 4.1.2.1. High premiums and complex policy terms limiting adoption
- 4.1.2.2. Consumer skepticism regarding claim settlement processes and insurance reliability
- 4.1.1. Drivers
- 4.2. Key Trend Analysis
- 4.3. Regulatory Framework
- 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
- 4.3.2. Tariffs and Standards
- 4.3.3. Impact Analysis of Regulations on the Market
- 4.4. Value Chain Analysis
- 4.4.1. Raw Material Suppliers
- 4.4.2. Mobile Phone Insurance Manufacturers
- 4.4.3. Distributors/ Suppliers
- 4.4.4. End-users/ Customers
- 4.5. Cost Structure Analysis
- 4.5.1. Parameter’s Share for Cost Associated
- 4.5.2. COGP vs COGS
- 4.5.3. Profit Margin Analysis
- 4.6. Pricing Analysis
- 4.6.1. Regional Pricing Analysis
- 4.6.2. Segmental Pricing Trends
- 4.6.3. Factors Influencing Pricing
- 4.7. Porter’s Five Forces Analysis
- 4.8. PESTEL Analysis
- 4.9. Global Mobile Phone Insurance Market Demand
- 4.9.1. Historical Market Size - in Value (US$ Bn), 2020-2024
- 4.9.2. Current and Future Market Size - in Value (US$ Bn), 2025–2035
- 4.9.2.1. Y-o-Y Growth Trends
- 4.9.2.2. Absolute $ Opportunity Assessment
- 4.1. Market Dynamics
- 5. Competition Landscape
- 5.1. Competition structure
- 5.1.1. Fragmented v/s consolidated
- 5.2. Company Share Analysis, 2025
- 5.2.1. Global Company Market Share
- 5.2.2. By Region
- 5.2.2.1. North America
- 5.2.2.2. Europe
- 5.2.2.3. Asia Pacific
- 5.2.2.4. Middle East
- 5.2.2.5. Africa
- 5.2.2.6. South America
- 5.3. Product Comparison Matrix
- 5.3.1. Specifications
- 5.3.2. Market Positioning
- 5.3.3. Pricing
- 5.1. Competition structure
- 6. Global Mobile Phone Insurance Market Analysis, by Device Type
- 6.1. Key Segment Analysis
- 6.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Device Type, 2021-2035
- 6.2.1. New Devices
- 6.2.2. Refurbished/Pre-owned Devices
- 6.2.3. High-end Premium Smartphones
- 6.2.4. Budget/Mid-range Smartphones
- 6.2.5. Foldable or Modular Smartphones
- 6.2.6. Rugged/Industrial Smartphones
- 7. Global Mobile Phone Insurance Market Analysis, by Coverage Type
- 7.1. Key Segment Analysis
- 7.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Coverage Type, 2021-2035
- 7.2.1. Accidental Damage
- 7.2.2. Theft & Loss
- 7.2.3. Liquid Damage
- 7.2.4. Mechanical Breakdown
- 7.2.5. Fire & Explosion Damage
- 7.2.6. Unauthorized Call/Data Usage
- 7.2.7. Screen Damage Only
- 7.2.8. International Coverage
- 7.2.9. Others
- 8. Global Mobile Phone Insurance Market Analysis, by Service Provider Type
- 8.1. Key Segment Analysis
- 8.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Service Provider Type, 2021-2035
- 8.2.1. OEM-affiliated Providers
- 8.2.2. Independent Insurers
- 8.2.3. Telecom Carrier Insurers
- 8.2.4. Retailer-backed Plans
- 8.2.5. Third-party Aggregator Platforms
- 8.2.6. InsurTech Startups
- 8.2.7. Others
- 9. Global Mobile Phone Insurance Market Analysis, by Claim Type
- 9.1. Key Segment Analysis
- 9.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Claim Type, 2021-2035
- 9.2.1. Instant Replacement
- 9.2.2. Repair & Reimbursement
- 9.2.3. In-store Repairs
- 9.2.4. Doorstep Pickup & Drop
- 9.2.5. Online Claim Filing
- 9.2.6. Advance Device Swap
- 9.2.7. On-site Assessment Claims
- 9.2.8. Others
- 10. Global Mobile Phone Insurance Market Analysis, by Mode of Purchase
- 10.1. Key Segment Analysis
- 10.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Mode of Purchase, 2021-2035
- 10.2.1. Point of Sale
- 10.2.2. Online Direct Purchase
- 10.2.3. Bundled with Phone Purchase
- 10.2.4. Post-purchase Add-on
- 10.2.5. Subscription Model via App
- 10.2.6. Corporate Policy Procurement
- 10.2.7. Others
- 11. Global Mobile Phone Insurance Market Analysis, by Plan Duration
- 11.1. Key Segment Analysis
- 11.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Plan Duration, 2021-2035
- 11.2.1. Monthly Plans
- 11.2.2. Quarterly Plans
- 11.2.3. Annual Plans
- 11.2.4. Multi-Year Plans
- 11.2.5. Pay-as-you-Go Coverage
- 12. Global Mobile Phone Insurance Market Analysis, by Sales Channel
- 12.1. Key Segment Analysis
- 12.2. Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, by Sales Channel, 2021-2035
- 12.2.1. Direct Sales (B2B)
- 12.2.2. Distributors/Dealers
- 12.2.3. Online Sales
- 12.2.4. Third-party Brokers
- 13. Global Mobile Phone Insurance Market Analysis and Forecasts, by Region
- 13.1. Key Findings
- 13.2. Mobile Phone Insurance Market Size (Volume - Million Units and Value - US$ Mn), Analysis, and Forecasts, by Region, 2021-2035
- 13.2.1. North America
- 13.2.2. Europe
- 13.2.3. Asia Pacific
- 13.2.4. Middle East
- 13.2.5. Africa
- 13.2.6. South America
- 14. North America Mobile Phone Insurance Market Analysis
- 14.1. Key Segment Analysis
- 14.2. Regional Snapshot
- 14.3. North America Mobile Phone Insurance Market Size Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 14.3.1. Device Type
- 14.3.2. Coverage Type
- 14.3.3. Service Provider Type
- 14.3.4. Claim Type
- 14.3.5. Mode of Purchase
- 14.3.6. Plan Duration
- 14.3.7. Country
- 14.3.7.1. USA
- 14.3.7.2. Canada
- 14.3.7.3. Mexico
- 14.4. USA Mobile Phone Insurance Market
- 14.4.1. Country Segmental Analysis
- 14.4.2. Device Type
- 14.4.3. Coverage Type
- 14.4.4. Service Provider Type
- 14.4.5. Claim Type
- 14.4.6. Mode of Purchase
- 14.4.7. Plan Duration
- 14.5. Canada Mobile Phone Insurance Market
- 14.5.1. Country Segmental Analysis
- 14.5.2. Device Type
- 14.5.3. Coverage Type
- 14.5.4. Service Provider Type
- 14.5.5. Claim Type
- 14.5.6. Mode of Purchase
- 14.5.7. Plan Duration
- 14.6. Mexico Mobile Phone Insurance Market
- 14.6.1. Country Segmental Analysis
- 14.6.2. Device Type
- 14.6.3. Coverage Type
- 14.6.4. Service Provider Type
- 14.6.5. Claim Type
- 14.6.6. Mode of Purchase
- 14.6.7. Plan Duration
- 15. Europe Mobile Phone Insurance Market Analysis
- 15.1. Key Segment Analysis
- 15.2. Regional Snapshot
- 15.3. Europe Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 15.3.1. Device Type
- 15.3.2. Coverage Type
- 15.3.3. Service Provider Type
- 15.3.4. Claim Type
- 15.3.5. Mode of Purchase
- 15.3.6. Plan Duration
- 15.3.7. Country
- 15.3.7.1. Germany
- 15.3.7.2. United Kingdom
- 15.3.7.3. France
- 15.3.7.4. Italy
- 15.3.7.5. Spain
- 15.3.7.6. Netherlands
- 15.3.7.7. Nordic Countries
- 15.3.7.8. Poland
- 15.3.7.9. Russia & CIS
- 15.3.7.10. Rest of Europe
- 15.4. Germany Mobile Phone Insurance Market
- 15.4.1. Country Segmental Analysis
- 15.4.2. Device Type
- 15.4.3. Coverage Type
- 15.4.4. Service Provider Type
- 15.4.5. Claim Type
- 15.4.6. Mode of Purchase
- 15.4.7. Plan Duration
- 15.5. United Kingdom Mobile Phone Insurance Market
- 15.5.1. Country Segmental Analysis
- 15.5.2. Device Type
- 15.5.3. Coverage Type
- 15.5.4. Service Provider Type
- 15.5.5. Claim Type
- 15.5.6. Mode of Purchase
- 15.5.7. Plan Duration
- 15.6. France Mobile Phone Insurance Market
- 15.6.1. Country Segmental Analysis
- 15.6.2. Device Type
- 15.6.3. Coverage Type
- 15.6.4. Service Provider Type
- 15.6.5. Claim Type
- 15.6.6. Mode of Purchase
- 15.6.7. Plan Duration
- 15.7. Italy Mobile Phone Insurance Market
- 15.7.1. Country Segmental Analysis
- 15.7.2. Device Type
- 15.7.3. Coverage Type
- 15.7.4. Service Provider Type
- 15.7.5. Claim Type
- 15.7.6. Mode of Purchase
- 15.7.7. Plan Duration
- 15.8. Spain Mobile Phone Insurance Market
- 15.8.1. Country Segmental Analysis
- 15.8.2. Device Type
- 15.8.3. Coverage Type
- 15.8.4. Service Provider Type
- 15.8.5. Claim Type
- 15.8.6. Mode of Purchase
- 15.8.7. Plan Duration
- 15.9. Netherlands Mobile Phone Insurance Market
- 15.9.1. Country Segmental Analysis
- 15.9.2. Device Type
- 15.9.3. Coverage Type
- 15.9.4. Service Provider Type
- 15.9.5. Claim Type
- 15.9.6. Mode of Purchase
- 15.9.7. Plan Duration
- 15.10. Nordic Countries Mobile Phone Insurance Market
- 15.10.1. Country Segmental Analysis
- 15.10.2. Device Type
- 15.10.3. Coverage Type
- 15.10.4. Service Provider Type
- 15.10.5. Claim Type
- 15.10.6. Mode of Purchase
- 15.10.7. Plan Duration
- 15.11. Poland Mobile Phone Insurance Market
- 15.11.1. Country Segmental Analysis
- 15.11.2. Device Type
- 15.11.3. Coverage Type
- 15.11.4. Service Provider Type
- 15.11.5. Claim Type
- 15.11.6. Mode of Purchase
- 15.11.7. Plan Duration
- 15.12. Russia & CIS Mobile Phone Insurance Market
- 15.12.1. Country Segmental Analysis
- 15.12.2. Device Type
- 15.12.3. Coverage Type
- 15.12.4. Service Provider Type
- 15.12.5. Claim Type
- 15.12.6. Mode of Purchase
- 15.12.7. Plan Duration
- 15.13. Rest of Europe Mobile Phone Insurance Market
- 15.13.1. Country Segmental Analysis
- 15.13.2. Device Type
- 15.13.3. Coverage Type
- 15.13.4. Service Provider Type
- 15.13.5. Claim Type
- 15.13.6. Mode of Purchase
- 15.13.7. Plan Duration
- 16. Asia Pacific Mobile Phone Insurance Market Analysis
- 16.1. Key Segment Analysis
- 16.2. Regional Snapshot
- 16.3. East Asia Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 16.3.1. Device Type
- 16.3.2. Coverage Type
- 16.3.3. Service Provider Type
- 16.3.4. Claim Type
- 16.3.5. Mode of Purchase
- 16.3.6. Plan Duration
- 16.3.7. Country
- 16.3.7.1. China
- 16.3.7.2. India
- 16.3.7.3. Japan
- 16.3.7.4. South Korea
- 16.3.7.5. Australia and New Zealand
- 16.3.7.6. Indonesia
- 16.3.7.7. Malaysia
- 16.3.7.8. Thailand
- 16.3.7.9. Vietnam
- 16.3.7.10. Rest of Asia Pacific
- 16.4. China Mobile Phone Insurance Market
- 16.4.1. Country Segmental Analysis
- 16.4.2. Device Type
- 16.4.3. Coverage Type
- 16.4.4. Service Provider Type
- 16.4.5. Claim Type
- 16.4.6. Mode of Purchase
- 16.4.7. Plan Duration
- 16.5. India Mobile Phone Insurance Market
- 16.5.1. Country Segmental Analysis
- 16.5.2. Device Type
- 16.5.3. Coverage Type
- 16.5.4. Service Provider Type
- 16.5.5. Claim Type
- 16.5.6. Mode of Purchase
- 16.5.7. Plan Duration
- 16.6. Japan Mobile Phone Insurance Market
- 16.6.1. Country Segmental Analysis
- 16.6.2. Device Type
- 16.6.3. Coverage Type
- 16.6.4. Service Provider Type
- 16.6.5. Claim Type
- 16.6.6. Mode of Purchase
- 16.6.7. Plan Duration
- 16.7. South Korea Mobile Phone Insurance Market
- 16.7.1. Country Segmental Analysis
- 16.7.2. Device Type
- 16.7.3. Coverage Type
- 16.7.4. Service Provider Type
- 16.7.5. Claim Type
- 16.7.6. Mode of Purchase
- 16.7.7. Plan Duration
- 16.8. Australia and New Zealand Mobile Phone Insurance Market
- 16.8.1. Country Segmental Analysis
- 16.8.2. Device Type
- 16.8.3. Coverage Type
- 16.8.4. Service Provider Type
- 16.8.5. Claim Type
- 16.8.6. Mode of Purchase
- 16.8.7. Plan Duration
- 16.9. Indonesia Mobile Phone Insurance Market
- 16.9.1. Country Segmental Analysis
- 16.9.2. Device Type
- 16.9.3. Coverage Type
- 16.9.4. Service Provider Type
- 16.9.5. Claim Type
- 16.9.6. Mode of Purchase
- 16.9.7. Plan Duration
- 16.10. Malaysia Mobile Phone Insurance Market
- 16.10.1. Country Segmental Analysis
- 16.10.2. Device Type
- 16.10.3. Coverage Type
- 16.10.4. Service Provider Type
- 16.10.5. Claim Type
- 16.10.6. Mode of Purchase
- 16.10.7. Plan Duration
- 16.11. Thailand Mobile Phone Insurance Market
- 16.11.1. Country Segmental Analysis
- 16.11.2. Device Type
- 16.11.3. Coverage Type
- 16.11.4. Service Provider Type
- 16.11.5. Claim Type
- 16.11.6. Mode of Purchase
- 16.11.7. Plan Duration
- 16.12. Vietnam Mobile Phone Insurance Market
- 16.12.1. Country Segmental Analysis
- 16.12.2. Device Type
- 16.12.3. Coverage Type
- 16.12.4. Service Provider Type
- 16.12.5. Claim Type
- 16.12.6. Mode of Purchase
- 16.12.7. Plan Duration
- 16.13. Rest of Asia Pacific Mobile Phone Insurance Market
- 16.13.1. Country Segmental Analysis
- 16.13.2. Device Type
- 16.13.3. Coverage Type
- 16.13.4. Service Provider Type
- 16.13.5. Claim Type
- 16.13.6. Mode of Purchase
- 16.13.7. Plan Duration
- 17. Middle East Mobile Phone Insurance Market Analysis
- 17.1. Key Segment Analysis
- 17.2. Regional Snapshot
- 17.3. Middle East Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 17.3.1. Device Type
- 17.3.2. Coverage Type
- 17.3.3. Service Provider Type
- 17.3.4. Claim Type
- 17.3.5. Mode of Purchase
- 17.3.6. Plan Duration
- 17.3.7. Country
- 17.3.7.1. Turkey
- 17.3.7.2. UAE
- 17.3.7.3. Saudi Arabia
- 17.3.7.4. Israel
- 17.3.7.5. Rest of Middle East
- 17.4. Turkey Mobile Phone Insurance Market
- 17.4.1. Country Segmental Analysis
- 17.4.2. Device Type
- 17.4.3. Coverage Type
- 17.4.4. Service Provider Type
- 17.4.5. Claim Type
- 17.4.6. Mode of Purchase
- 17.4.7. Plan Duration
- 17.5. UAE Mobile Phone Insurance Market
- 17.5.1. Raw Material Source
- 17.5.2. Device Type
- 17.5.3. Coverage Type
- 17.5.4. Service Provider Type
- 17.5.5. Claim Type
- 17.5.6. Mode of Purchase
- 17.5.7. Plan Duration
- 17.6. Saudi Arabia Mobile Phone Insurance Market
- 17.6.1. Country Segmental Analysis
- 17.6.2. Device Type
- 17.6.3. Coverage Type
- 17.6.4. Service Provider Type
- 17.6.5. Claim Type
- 17.6.6. Mode of Purchase
- 17.6.7. Plan Duration
- 17.7. Israel Mobile Phone Insurance Market
- 17.7.1. Country Segmental Analysis
- 17.7.2. Device Type
- 17.7.3. Coverage Type
- 17.7.4. Service Provider Type
- 17.7.5. Claim Type
- 17.7.6. Mode of Purchase
- 17.7.7. Plan Duration
- 17.8. Rest of Middle East Mobile Phone Insurance Market
- 17.8.1. Country Segmental Analysis
- 17.8.2. Device Type
- 17.8.3. Coverage Type
- 17.8.4. Service Provider Type
- 17.8.5. Claim Type
- 17.8.6. Mode of Purchase
- 17.8.7. Plan Duration
- 18. Africa Mobile Phone Insurance Market Analysis
- 18.1. Key Segment Analysis
- 18.2. Regional Snapshot
- 18.3. Africa Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 18.3.1. Device Type
- 18.3.2. Coverage Type
- 18.3.3. Service Provider Type
- 18.3.4. Claim Type
- 18.3.5. Mode of Purchase
- 18.3.6. Plan Duration
- 18.3.7. Country
- 18.3.7.1. South Africa
- 18.3.7.2. Egypt
- 18.3.7.3. Nigeria
- 18.3.7.4. Algeria
- 18.3.7.5. Rest of Africa
- 18.4. South Africa Mobile Phone Insurance Market
- 18.4.1. Country Segmental Analysis
- 18.4.2. Device Type
- 18.4.3. Coverage Type
- 18.4.4. Service Provider Type
- 18.4.5. Claim Type
- 18.4.6. Mode of Purchase
- 18.4.7. Plan Duration
- 18.5. Egypt Mobile Phone Insurance Market
- 18.5.1. Country Segmental Analysis
- 18.5.2. Device Type
- 18.5.3. Coverage Type
- 18.5.4. Service Provider Type
- 18.5.5. Claim Type
- 18.5.6. Mode of Purchase
- 18.5.7. Plan Duration
- 18.6. Nigeria Mobile Phone Insurance Market
- 18.6.1. Country Segmental Analysis
- 18.6.2. Device Type
- 18.6.3. Coverage Type
- 18.6.4. Service Provider Type
- 18.6.5. Claim Type
- 18.6.6. Mode of Purchase
- 18.6.7. Plan Duration
- 18.7. Algeria Mobile Phone Insurance Market
- 18.7.1. Country Segmental Analysis
- 18.7.2. Device Type
- 18.7.3. Coverage Type
- 18.7.4. Service Provider Type
- 18.7.5. Claim Type
- 18.7.6. Mode of Purchase
- 18.7.7. Plan Duration
- 18.8. Rest of Africa Mobile Phone Insurance Market
- 18.8.1. Country Segmental Analysis
- 18.8.2. Device Type
- 18.8.3. Coverage Type
- 18.8.4. Service Provider Type
- 18.8.5. Claim Type
- 18.8.6. Mode of Purchase
- 18.8.7. Plan Duration
- 19. South America Mobile Phone Insurance Market Analysis
- 19.1. Key Segment Analysis
- 19.2. Regional Snapshot
- 19.3. Central and South Africa Mobile Phone Insurance Market Size (Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 19.3.1. Device Type
- 19.3.2. Coverage Type
- 19.3.3. Service Provider Type
- 19.3.4. Claim Type
- 19.3.5. Mode of Purchase
- 19.3.6. Plan Duration
- 19.3.7. Country
- 19.3.7.1. Brazil
- 19.3.7.2. Argentina
- 19.3.7.3. Rest of South America
- 19.4. Brazil Mobile Phone Insurance Market
- 19.4.1. Country Segmental Analysis
- 19.4.2. Device Type
- 19.4.3. Coverage Type
- 19.4.4. Service Provider Type
- 19.4.5. Claim Type
- 19.4.6. Mode of Purchase
- 19.4.7. Plan Duration
- 19.5. Argentina Mobile Phone Insurance Market
- 19.5.1. Country Segmental Analysis
- 19.5.2. Device Type
- 19.5.3. Coverage Type
- 19.5.4. Service Provider Type
- 19.5.5. Claim Type
- 19.5.6. Mode of Purchase
- 19.5.7. Plan Duration
- 19.6. Rest of South America Mobile Phone Insurance Market
- 19.6.1. Country Segmental Analysis
- 19.6.2. Device Type
- 19.6.3. Coverage Type
- 19.6.4. Service Provider Type
- 19.6.5. Claim Type
- 19.6.6. Mode of Purchase
- 19.6.7. Plan Duration
- 20. Key Players/ Company Profile
- 20.1. Akko
- 20.1.1. Company Details/ Overview
- 20.1.2. Company Financials
- 20.1.3. Key Customers and Competitors
- 20.1.4. Business/ Industry Portfolio
- 20.1.5. Product Portfolio/ Specification Details
- 20.1.6. Pricing Data
- 20.1.7. Strategic Overview
- 20.1.8. Recent Developments
- 20.2. Allianz Partners
- 20.3. Aon
- 20.4. AppleCare
- 20.5. Assurant
- 20.6. Asurion
- 20.7. AT&T Device Protection
- 20.8. AXA
- 20.9. Brightstar Corporation
- 20.10. Chubb
- 20.11. CPP Group
- 20.12. GoCare
- 20.13. Safeware
- 20.14. Samsung Care+
- 20.15. SquareTrade
- 20.16. Trōv
- 20.17. Worth Ave Group
- 20.18. AmTrust Financial
- 20.19. Cover Genius
- 20.20. Digital Care
- 20.21. Geek Squad Protection (Best Buy)
- 20.22. Inhance Technology
- 20.23. Mobile Rhino
- 20.24. Pier Insurance
- 20.25. ProtectCELL
- 20.26. Servify
- 20.27. Other Key Players
- 20.1. Akko
Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography
Our research design integrates both demand-side and supply-side analysis through a balanced combination of primary and secondary research methodologies. By utilizing both bottom-up and top-down approaches alongside rigorous data triangulation methods, we deliver robust market intelligence that supports strategic decision-making.
MarketGenics' comprehensive research design framework ensures the delivery of accurate, reliable, and actionable market intelligence. Through the integration of multiple research approaches, rigorous validation processes, and expert analysis, we provide our clients with the insights needed to make informed strategic decisions and capitalize on market opportunities.
MarketGenics leverages a dedicated industry panel of experts and a comprehensive suite of paid databases to effectively collect, consolidate, and analyze market intelligence.
Our approach has consistently proven to be reliable and effective in generating accurate market insights, identifying key industry trends, and uncovering emerging business opportunities.
Through both primary and secondary research, we capture and analyze critical company-level data such as manufacturing footprints, including technical centers, R&D facilities, sales offices, and headquarters.
Our expert panel further enhances our ability to estimate market size for specific brands based on validated field-level intelligence.
Our data mining techniques incorporate both parametric and non-parametric methods, allowing for structured data collection, sorting, processing, and cleaning.
Demand projections are derived from large-scale data sets analyzed through proprietary algorithms, culminating in robust and reliable market sizing.
The bottom-up approach builds market estimates by starting with the smallest addressable market units and systematically aggregating them to create comprehensive market size projections.
This method begins with specific, granular data points and builds upward to create the complete market landscape.
Customer Analysis → Segmental Analysis → Geographical Analysis
The top-down approach starts with the broadest possible market data and systematically narrows it down through a series of filters and assumptions to arrive at specific market segments or opportunities.
This method begins with the big picture and works downward to increasingly specific market slices.
TAM → SAM → SOM
While analysing the market, we extensively study secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and commercial report. Secondary sources that we utilize are not only the public sources, but it is combination of Open Source, Associations, Paid Databases, MG Repository & Knowledgebase and Others.
- Company websites, annual reports, financial reports, broker reports, and investor presentations
- National government documents, statistical databases and reports
- News articles, press releases and web-casts specific to the companies operating in the market, Magazines, reports, and others
- We gather information from commercial data sources for deriving company specific data such as segmental revenue, share for geography, product revenue, and others
- Internal and external proprietary databases (industry-specific), relevant patent, and regulatory databases
- Governing Bodies, Government Organizations
- Relevant Authorities, Country-specific Associations for Industries
We also employ the model mapping approach to estimate the product level market data through the players product portfolio
Primary research/ interviews is vital in analyzing the market. Most of the cases involves paid primary interviews. Primary sources includes primary interviews through e-mail interactions, telephonic interviews, surveys as well as face-to-face interviews with the different stakeholders across the value chain including several industry experts.
| Type of Respondents | Number of Primaries |
|---|---|
| Tier 2/3 Suppliers | ~20 |
| Tier 1 Suppliers | ~25 |
| End-users | ~25 |
| Industry Expert/ Panel/ Consultant | ~30 |
| Total | ~100 |
MG Knowledgebase
• Repository of industry blog, newsletter and case studies
• Online platform covering detailed market reports, and company profiles
- Historical Trends – Past market patterns, cycles, and major events that shaped how markets behave over time. Understanding past trends helps predict future behavior.
- Industry Factors – Specific characteristics of the industry like structure, regulations, and innovation cycles that affect market dynamics.
- Macroeconomic Factors – Economic conditions like GDP growth, inflation, and employment rates that affect how much money people have to spend.
- Demographic Factors – Population characteristics like age, income, and location that determine who can buy your product.
- Technology Factors – How quickly people adopt new technology and how much technology infrastructure exists.
- Regulatory Factors – Government rules, laws, and policies that can help or restrict market growth.
- Competitive Factors – Analyzing competition structure such as degree of competition and bargaining power of buyers and suppliers.
Multiple Regression Analysis
- Identify and quantify factors that drive market changes
- Statistical modeling to establish relationships between market drivers and outcomes
Time Series Analysis – Seasonal Patterns
- Understand regular cyclical patterns in market demand
- Advanced statistical techniques to separate trend, seasonal, and irregular components
Time Series Analysis – Trend Analysis
- Identify underlying market growth patterns and momentum
- Statistical analysis of historical data to project future trends
Expert Opinion – Expert Interviews
- Gather deep industry insights and contextual understanding
- In-depth interviews with key industry stakeholders
Multi-Scenario Development
- Prepare for uncertainty by modeling different possible futures
- Creating optimistic, pessimistic, and most likely scenarios
Time Series Analysis – Moving Averages
- Sophisticated forecasting for complex time series data
- Auto-regressive integrated moving average models with seasonal components
Econometric Models
- Apply economic theory to market forecasting
- Sophisticated economic models that account for market interactions
Expert Opinion – Delphi Method
- Harness collective wisdom of industry experts
- Structured, multi-round expert consultation process
Monte Carlo Simulation
- Quantify uncertainty and probability distributions
- Thousands of simulations with varying input parameters
Our research framework is built upon the fundamental principle of validating market intelligence from both demand and supply perspectives. This dual-sided approach ensures comprehensive market understanding and reduces the risk of single-source bias.
Demand-Side Analysis: We understand end-user/application behavior, preferences, and market needs along with the penetration of the product for specific application.
Supply-Side Analysis: We estimate overall market revenue, analyze the segmental share along with industry capacity, competitive landscape, and market structure.
Data triangulation is a validation technique that uses multiple methods, sources, or perspectives to examine the same research question, thereby increasing the credibility and reliability of research findings. In market research, triangulation serves as a quality assurance mechanism that helps identify and minimize bias, validate assumptions, and ensure accuracy in market estimates.
- Data Source Triangulation – Using multiple data sources to examine the same phenomenon
- Methodological Triangulation – Using multiple research methods to study the same research question
- Investigator Triangulation – Using multiple researchers or analysts to examine the same data
- Theoretical Triangulation – Using multiple theoretical perspectives to interpret the same data
