Mobile Phone Insurance Market Size, Share & Trends Analysis Report by Device Type (New Devices, Refurbished/Pre-owned Devices, High-end Premium Smartphones, Budget/Mid-range Smartphones, Foldable or Modular Smartphones, Rugged/Industrial Smartphones), Coverage Type, Service Provider Type, Claim Type, Mode of Purchase, Plan Duration, and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Industry Data, Trends, and Forecasts, 2025 – 2035
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Market Structure & Evolution |
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Segmental Data Insights |
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Demand Trends |
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Competitive Landscape |
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Strategic Development |
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Future Outlook & Opportunities |
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Mobile Phone Insurance Market Size, Share, and Growth
The global mobile phone insurance market is experiencing robust growth, with its estimated value of USD 31.2 billion in the year 2025 and USD 96.4 billion by the period 2035, registering a CAGR of 10.8%. North America leads the market with market share of 36.3% with USD 11.3 billion revenue.
"AXA unveiled its strategic plan, "Unlock the Future," setting ambitious financial targets for 2024–2026. The plan focuses on delivering sustained earnings growth, generating strong cash and capital organically, and providing attractive capital returns to shareholders. This strategic direction aims to position AXA as a leading provider of insurance solutions, including mobile phone insurance, by enhancing operational efficiency and expanding its service offerings to meet evolving consumer needs."
The popularity of smartphone, especially premium model, has increased costs of different mobile devices and users resort to purchasing insurance to cover their investments. Moreover, a wide range of digital distribution channels and e-commerce platforms have increased the availability of insurance products to a larger amount of people. Insurance providers have also partnered with mobile phone manufacturers in coming up with customized insurance plans.
As an example, in May 2023, Switched On Insurance, which is a UK-based gadget insurance provider, launched a wide mobile phone insurance cover product with no limit on claims made, as well as a one-year warranty, this is targeted at devices younger than 36 months. On the same note, the advances in technology have facilitated the emergence of comprehensive coverage plans, like apple AppleCare One, which provides protection to a number of items with a single subscription. The $20 monthly plan also offers similar services as the current plan which includes unlimited accidental damage repairs, cover battery replacements and up to three claims per year to cover theft and loss of iPhone, iPad and Apple Watch.
This innovation indicates how the industry has reacted to the consumer demands with regards to the flexibility and comprehensive provisions of covering options. The growing awareness among the consumers regarding the advantages of mobile phone insurance is also contributing to the growth of the market, as it helps in providing protection against accidental damage, theft and malfunction of a mobile phone.
The global mobile phone insurance market introduces adjacent opportunities, including wearable device insurance, tablet and laptop coverage, smart home device insurance, extended warranties, and mobile payment fraud claims. These applications tap into the increasing dependency on connected technology, which can help insurers provide integrated or specific policies that make consumers more convenient to interact with and manage risk in both cases. The proliferation into these adjacent markets is expected to stimulate the growth of the industry across the board.
Mobile Phone Insurance Market Dynamics and Trends
Driver: Increasing Incidence of Mobile Phone Thefts and Accidental Damages Prompting Consumers to Seek Insurance Coverage
- The growing incidence of mobile phone thefts and inadvertent damages is also strongly affecting consumer behavior in relation to mobile phone insurance. In United Kingdom, reported theft of phones is London increased about 40 percent between 2024 and 2024, to more than 70,000. Due to this increase in thefts, phone theft claims have risen exponentially by 425 percent since June 2021, according to SquareTrade.
- The cases highlighted the security weaknesses of expensive smartphones and, in the case of the iPhone 15 Pro Max, the model is often targeted because of the high re-sale value and high functional parameters of the gadget. The increased theft, and damage rates have made consumers become aware of the importance of the insurance as a defense mechanism against possible loses.
- As a result, the mobile phone insurance providers are experiencing a surge in policy enrollments due to the need of consumers to have a sense of security and peace of mind.
Restraint: Consumer Perception of High Premiums and Complex Policy Terms Hindering Insurance Adoption
- The perceived high premiums and the complicated terms of the policies are major aspect deterring the rapid market penetration of the mobile phone insurance despite its obvious advantages. Most consumers avoid buying insurance because they consider the prices as prohibitive and because they feel that insurance policies are somehow complicated.
- The fear of missing out (FOMO) is especially popular among value-conscious buyers who can place short-term savings above protection. Such complexity of the insurance contracts characterized by detailed terms and conditions and the intensive jargons can also put off the potential customers who may feel overwhelmed or find it difficult to understand it well.
- Consequently, insurance providers are experiencing difficulties in achieving communicating the value of their policies and simplifying provisions, therefore, catering to understanding and trust of the customers.
Opportunity: Integration of Mobile Phone Insurance with Financial Services Expands Market Reach
- The evolution of mobile phone insurance into financial services is an avenue that promises substantial market growth. Monzo, one of the biggest digital banks in the UK, is a good example of this, as it is intending to introduce a Monzo-branded mobile product to its customer base of over 12 million. The bank is in early negotiations with mobile network providers to operate as a Mobile Virtual Network Operator (MVNO) by expecting to offer bundled solutions such as mobile phone insurance, telehealth, and road side assistance.
- This is a strategic step in line with the principle of user-friendliness and openness in services that Monzo upholds since its inception in response to customer grievances about typical mobile contracts. By including insurance services in its list of financial services, Monzo will boost customer retention and can take advantage of greater interest in mobile all-inclusive protection services.
- The integration helps the consumers integrate their mobile services and insurance needs in one platform, which makes the process convenient to manage consumer needs. The collaboration between insurers and financial institutions may result in the augmented number of customers, the sources of revenue, and the level of data analytics.
- Such collaborations will likely become more common as digital banking grows and in turn introduce innovation and competition into the mobile phone insurance market.
Key Trend: Adoption of Artificial Intelligence and Automation in Claims Processing and Customer Service
- Artificial intelligence (AI) and automation are also being increasingly used by the mobile phone insurance market in order to make claims processing and customer services easier. Virtual assistants powered by AI technology are being used to offer 24-hour customer service to receive and respond to inquiries and to process claims. Automation is also being used to speed up processing of claims and its approval thereby reducing the turnaround time and offering a better customer experience.
- As an example, AI algorithms can process reports of damages and photos provided by customers, to evaluate the validity of a claim, and faster processing can be implemented. In addition to enhancing operational efficiency, this technological breakthrough will also be in-line with the new consumer expectation of getting swashbuckling service experiences.
- With automation and AI software advancing, it is most likely that they will be applied into mobile phone insurance performances, and eventually establish new standards in the industry where speed is critical.
Mobile Phone Insurance Market Analysis and Segmental Data
Surge in Accidental Damage Coverage: A Response to Rising Smartphone Fragility and Repair Costs
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The escalating demand for accidental damage coverage in the global mobile phone insurance market, due to the rising fragility of latest smartphones along with the high repair costs. As an example, in May 2024, Epic started to give out Epic Device Insurance, which provides reassurance against accidental damages, from cracked screens and liquid spillage on smartphones and tablets. This shift is an indication of the reaction of the industry to the growing worries of the buyers on how susceptible their devices are and how costly it is to fix them. With constantly upgraded smartphones, there is a greater fear of these devices being damaged due to accidents in day to day life, hence the namesake policy of Accidental Damage Coverage attached to mobile phone insurance policies.
- The extent of accidental damage accidents such as drops and spills has been high making it represent a substantial number of the insurance claims. Such a trendis an indication of the need to have consumers protecting their devices in the event of unforeseen accidents. Insurance providers are now seeing greater opportunity by insuring these common issues to offer specialized coverage that will allow the consumer to maintain functionality and appearance of their device without privileging them to greater out-of-pocket expense.
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The focus on accidental damage coverage not only satisfies the consumer needs but also makes the mobile phone insurance products more valuable overall.
North America's Dominance in Mobile Phone Insurance Market Driven by High Device Value and Consumer Awareness
- The North American region dominates the global mobile phone insurance market and holds 36.3% of the market share in the period 2025. This presence is linked to the expensive nature of high-end smart phones, as well as the growing responsiveness of consumers to the economic consequences of using devices. As an example, in 2024, Apple, Inc. has launched AppleCare+ Protection Plan that provides maximum protection against accidental damage and theft, which illustrates the increasing popularity of insurance-related services.
- The expensive nature of smartphones such as the Iphone 15 Pro Max and Samsung Galaxy S23 Ultra is one reason why people are wise enough to take an iPhone insurance cover since they may incur a significant financial loss in case of device damage. Also, theft and incidental damage of property is more common in urban locales necessitating the protective coverage in these instances. The combination of insurance services by the mobile operators and retailers also boosts accessibility, which positively influences the development of this market in the region.
- Mobile phone insurance has also been adopted in North America, owing to the well-developed digital infrastructure in the region coupled with high internet penetration. The prevalence of consumer-friendly online spaces that allow buying and comparing insurance policies offers easier access to consumers and contributes to the compelling nature of the insurance policy options.
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The combination of high device values, consumer awareness, and accessible purchasing options positions North America as a leader in the mobile phone insurance market.
Mobile Phone Insurance Market Ecosystem
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The global mobile phone insurance market exhibits a consolidated structure, with a few dominant players commanding significant market share. Tier 1 players, such as Asurion, Assurant, and AppleCare, hold substantial market shares, leveraging their extensive distribution networks and brand recognition. Tier 2 players, including Allianz Partners and Aon, offer specialized services and have strategic partnerships to enhance their market presence. Tier 3 players, like Trōv and Worth Ave Group, cater to niche markets, focusing on specific customer segments or regions. This tiered concentration allows for a diversified competitive landscape, where innovation and customer service are key differentiators.
Recent Development and Strategic Overview:
- In July 2025, Apple launched AppleCare One, a subscription-based protection plan priced at $20 per month, covering up to three Apple devices under a single subscription. This new offering simplifies the device protection process for users with multiple Apple products, providing comprehensive coverage that includes accidental damage protection and priority support.
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In January 2025, Samsung updated its Care+ Theft and Loss plan to include unlimited same-day glass repairs at no extra cost. This benefit applies to outer screens, back panels, and inner screens on folding phones. Previously, subscribers would pay $29 for a screen repair, a price that remains for those on the less-expensive Care+ plan. The update is significant, as repairing a cracked inner screen can be very costly without an extended warranty.
Report Scope
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Attribute |
Detail |
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Market Size in 2025 |
USD 31.2 Bn |
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Market Forecast Value in 2035 |
USD 96.4 Bn |
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Growth Rate (CAGR) |
10.8% |
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Forecast Period |
2025 – 2035 |
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Historical Data Available for |
2021 – 2024 |
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Market Size Units |
US$ Billion for Value
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Report Format |
Electronic (PDF) + Excel |
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Regions and Countries Covered |
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North America |
Europe |
Asia Pacific |
Middle East |
Africa |
South America |
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Companies Covered |
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Mobile Phone Insurance Market Segmentation and Highlights
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Segment |
Sub-segment |
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By Device Type |
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By Coverage Type |
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By Grade |
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By Service Provider Type |
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By Claim Type |
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By Mode of Purchase |
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By Plan Duration |
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Frequently Asked Questions
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
Research Design
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.
Research Approach
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
Research Methods
Desk / Secondary Research
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 a 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
Primary research/ interviews is vital in analyzing the market. Most of the cases involves paid primary interviews. Primary sources include 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
Forecasting Factors and Models
Forecasting Factors
- 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.
Forecasting Models / Techniques
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
Research Analysis
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.
Validation & Evaluation
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
Custom Market Research Services
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