According to Market Research Future (MRFR) analysis, the global smartphone screen protector market is projected to reach the valuation of USD 37,380.2 million by the end of 2023. The market will register a phenomenal CAGR throughout the forecast period (2018-2023).
The use of smartphones has surmounted around the globe. Their rising usage has led to the development of a number of additional products which enhance the overall functioning of the smartphone device. One such product is the smartphone screen protector that protects the mobile phone screen from scratches and any such damage.
The growing per capita income across the world is augmenting the demand for luxuries, which includes electronics such as smartphones, subsequently driving market growth of smartphone screen protector.
Global Market – Competitive Analysis
Some of the key players operating in the global smartphone screen protector market are ZAGG Inc. (US), AZ Infolink Private Limited (India), Corning Incorporated (US), Nippon Electric Glass Co., Ltd (Japan), SCHOTT AG (Germany), Belkin International, Inc. (US), FeYong Digital Technology Limited (China), Shenzhen Yoobao Technology Co., Ltd (China), BodyGuardz (US), and AGC (Japan).
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The smartphone screen protector market is segmented based on material type, product type, size, application, and region.
By material type, the market has been segmented into glass, polyethylene terephthalate (PT), and thermoplastic polyurethane (TPU). The glass segment accounted for 72.32% of the market share in 2017 and is expected to reach the value of USD 27,742.6 million, registering a CAGR of 10.3% during the appraisal period. The segment growth can be attributed to the benefits of using glass, as it offers better protection against scratches and high-impact damage as compared to PT and TPU.
By product, the market is segmented into 2D, 2.5D, 3D, and 9.5H, among which the 2.5D product type segment is leading the market. These screens provide a smooth and flawless surface. Hence, the segment is projected to register a CAGR of 9.44% and reach USD 13,295.2 million by 2023.
By size, the market is segmented into 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm. The 0.21 mm screen protector is highly favorable owing to the ease of its application.
By application, the market is segmented into smartphones and tablets. The smartphones segment led the market in 2017 and envisaged to reach a valuation of nearly USD 32 million by the end of 2023.
The smartphone screen protector market has been geographically segmented into five regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
APAC ruled the global smartphone screen protector market in 2018 and claimed close to 47% of the market. The regional growth can be attributed to increased disposable income and changing lifestyles of consumers. The APAC market is estimated to reach the value of USD 18,493.4 million by 2023 at a CAGR of 10.81% during the forecast period.
The Europe market captured the second-largest share which was 20% of the market and had reached the value of USD 3,890.9 million in 2017. The market is deemed to register a CAGR of 8.75% during the review period. The region, by country, is segmented into Russia, Germany, the U.K., Italy, France, Spain, and the rest of Europe. The Russian market accounted for approximately 25% of the market share in 2017 and is projected to grow at a CAGR of 10.03% during the assessment period.
The market in North America accounted for 16% of the market share in 2017 and is projected to reach the valuation of USD 5913.1 million by 2023. The regional market is segmented into the United States (U.S.) and Canada, with the US market capturing the larger share of the market and expected to grow at a CAGR of 9.20%.
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