MOBILE PHONE INSURANCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

The Global Mobile Phone Insurance Market is estimated to be valued at USD 37.63 Bn in 2025 and is expected to reach USD 80.62 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 11.5% from 2025 to 2032. The market is evolving rapidly within the insurance industry because of the high adoption of smartphones and the increasing value of mobile devices globally. Mobile phone insurance offers protection against different types of risks, including accidental damage, theft, loss, liquid damage, and mechanical breakdown. The market encompasses diverse coverage models ranging from manufacturer warranties and extended service plans to comprehensive third-party insurance policies provided by specialized insurers, telecommunications carriers, and retail partners.

Market Dynamics

A big driver for the market is the escalating cost of premium smartphones, with flagship devices often exceeding USD 1,000. The rates of accidental damage, theft, and loss have increased a lot, creating awareness for comprehensive protection. This makes replacement costs very expensive for average consumers, making demand for protective coverage. Also, mobile devices are seeing a lot of adoption across all demographics. The expanding ecosystem of mobile applications for banking, shopping, and business operations has turned mobile devices into essential tools that need reliable insurance coverage. However, cost-conscious consumers may hesitate to pay additional monthly premiums. Also, alternative protection methods, such as durable phone cases and screen protectors, can limit insurance demand. Apart from this, the rapid adoption of 5G technology and foldable smartphones, which create the need for premium prices and specialized coverage, will open up opportunities for market players to explore.

Key Features of the Study

• This report provides an in-depth analysis of the global mobile phone insurance market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global mobile phone insurance market based on the following parameters: company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Apple Inc., Asurion (Asurion, LLC), Assurant, Inc., AT&T Intellectual Property (AT&T Inc.), Allianz SE, AIG (American International Group), AmTrust Financial, Brightstar Corp., GoCare Warranty Group, SquareTrade, Inc. (Allstate), Taurus Insurance Services, Verizon Communications, Vodafone Group, Chubb Limited, and AXA Group
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global mobile phone insurance market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mobile phone insurance market.

Market Segmentation

•  Coverage Insights (Revenue, USD Bn, 2020 - 2032)
  • Physical Damage
  • Theft & Loss
  • Mechanical Failure
  • Liquid Damage
•  Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
  • Mobile Operators
  • Online Platforms
  • Retailers
  • Insurance Companies
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Apple Inc.
  • Asurion (Asurion, LLC)
  • Assurant, Inc.
  • AT&T Intellectual Property (AT&T Inc.)
  • Allianz SE
  • AIG (American International Group)
  • AmTrust Financial
  • Brightstar Corp.
  • GoCare Warranty Group
  • SquareTrade, Inc. (Allstate)
  • Taurus Insurance Services
  • Verizon Communications
  • Vodafone Group
  • Chubb Limited
  • AXA Group