According to a report by Reports and Data, the global market for smartphone screen protectors market is expected to reach USD 84.43 billion in 2030 with a revenue CAGR of 6.7% over the forecast period. The market growth is attributed to the rise in per capita income and increasing demand for smartphones globally. The adoption of e-services through mobile applications is also expected to drive demand for smartphones and their accessories, including screen protectors.
The rise in per capita income has increased the purchasing power of middle-class consumers in developing countries. This is expected to drive demand for sophisticated handheld devices, such as smartphones, and contribute to the revenue growth of the market. The increasing demand for smartphones globally has led to the rise of numerous smartphone manufacturers working towards selling smartphones at competitive prices. There has also been a significant rise in domestic companies in developing countries providing enhanced features at a feasible price to meet the domestic demand.
The introduction of new variants of smartphones has led to the rise of new types of smartphone screen protectors, such as 3D screen protectors. The glass segment is expected to account for the largest revenue share due to its durability and flexibility, as well as its environmentally friendly manufacturing process. The 3D segment is expected to register rapid revenue growth over the forecast period due to rising production of phones with curved edges.
The market in the Asia Pacific region is expected to account for steady revenue growth due to the presence of numerous smartphone manufacturers providing cost-effective products. The companies profiled in the report include FeYong Digital Technology Limited, Shenzhen Yoobao Technology Co. Ltd., ZAGG Inc., NLU Products, L.L.C., Belkin International Inc., AZ Infolink Pvt. Ltd., Corning Inc., Nippon Electric Glass Co. Ltd., SCHOTT AG, and Clarivue.
The report segments the global smartphone screen protector market based on product type, material type, thickness, and region. The thickness outlook includes 21 mm, 26 mm, 33 mm, and 48 mm. The regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Smartphone Screen Protector Market: Drive factors
The global smartphone screen protector market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.7% and reach a market size of USD 84.43 billion by 2030. The market growth is being driven by several factors, including an increase in per capita income in developing countries, a rise in demand for smartphones globally, and the growing adoption of e-services through mobile applications.
The increase in per capita income in developing countries has significantly increased the purchasing power of middle-class consumers, which has led to a rise in demand for sophisticated handheld devices such as smartphones. This trend is expected to contribute to the revenue growth of the smartphone screen protector market.
The rise in demand for smartphones globally has led to the emergence of numerous smartphone manufacturers who are working towards selling smartphones at competitive prices. Domestic companies in developing countries and smartphone manufacturers are providing enhanced features at a feasible price in order to meet the domestic demand, thereby driving the growth of the market significantly.
Furthermore, the increasing investment in manufacturing new smartphones has led to the introduction of new variants of smartphones. This is expected to give rise to new types of smartphone screen protectors, thereby driving the revenue growth of the market. However, the improper fitting of screen protectors that produce a halo effect is a significant factor hampering the revenue growth of the market.
The glass segment is expected to account for the largest revenue share in the global smartphone screen protector market due to its durability, flexibility, and environmentally friendly manufacturing process. The 3D segment is expected to register rapid revenue growth over the forecast period due to the rising production of phones with curved edges, which in turn leads to more demand for 3D screen protectors. The market in the Asia Pacific region is expected to account for steady revenue growth in the smartphone screen protector market over the forecast period than other regional markets due to the presence of numerous smartphone manufacturers providing cost-effective products.
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