Smartphone Screen Protector Market Trends, Applications, Analysis, Growth, And Forecast: 2020 To 2027
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.
Segment Analysis
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.
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Regional Outlook
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%.
The markets in Latin America
and the Middle East & Africa are estimated to register a moderate yet
steady growth over the next five years.
Global Smartphone Screen Protector 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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