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Smartphone Screen Protector Market Global Technology 2019, Size, Share, Top Key Players, Latest Trends, Future Strategies and Growth Forecast Till 2023
Feb 26, 2019 (MarketersMedia via COMTEX) —
Global Smartphone Screen Protector Market: Information by Material Type (Glass, Polyethylene Terephthalate, Thermoplastic Polyurethane), Product Type (2D, 2.5D, 3D), Size (0.21mm, 0.26mm, 0.33mm), Application (Smartphones, Tablets), Region–Forecast till 2023
The smartphone arena is one of the most proliferating markets globally. The usage of smartphone devices has strikingly increased over the years due to the expanding pool of manufacturing companies, the emergence of new and innovative features, the wide-spread availability of the devices, the increasing number of applications, and so on. Smartphones have made our lives easier with every form of entertainment available right in the tip of our fingers. However, human nature and the sensitivity of product materials make it highly susceptible to scratches, cracks, etc. This prompts the need for Smartphone Screen Protectors.
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Smartphone Screen Protectors, aka tempered glass, help prevent the devices from succumbing to such events. The Screen Protectors are available easily in the market in a cost-effective range and are divided into different categories in terms of its strength and durability. As per the latest research report published by the Market Research Future (MRFR), the Global Smartphone Screen Protector Market is forecasted to grow at a CAGR of 9.92% during the review period of 2018 to 2023.
The rising volume of smartphone sales is one of the major factors behind the growth of the market. Additionally, the launch of cheap-ranged smart devices by various Chinese players will boost the market demand of Smartphone Screen Protector. The growing preference among smartphone users to prevent loss of clarity on the screens of their devices is immensely likely to impart a positive influence on product sales and impact the growth of the market. Aside from these, changing demographics and the rise in consumer disposable income levels are also likely to push the market growth.
The Global Smartphone Screen Protector Market is segmented in terms of Material Type, Product Type, Application and Size.
By Materials, the market includes thermoplastic polyurethane (TPU), polyethylene terephthalate (PT), and glass.
By Product Type, the market includes different tempered glasses that are typed as 2D, 2.5D, 3D, and 9H.
By Size, the market includes 0.21 mm, 0.26 mm, 0.33 mm, and 0.48 mm.
By Application, the market divides into tablets and smartphone devices.
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The Regional Segmentation of the Global Smartphone Screen Protector Market is divided into five different regions: Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America.
Asia-Pacific is the dominant player of the Global Smartphone Screen Protector Market, covering almost half of the market share. The growth in this region can be attributed to the high disposable income level and shifting consumer lifestyles. The market is expected to grow at a CAGR of 10.81% during the forecast period.
The European region stands as the second-biggest market with close to 20% of the market to its name. The market is expected to exhibit a CAGR of 8.75% during the assessment period.
The North American market constitutes close to 16% of the market and during the projected period, the market is anticipated to reach a valuation figure of USD 5913.1 million by 2023.
Finally, the regional markets in the Middle East & Africa and Latin America are expected to grow with a nominal growth rate during the forecast period.
Some of the key participants of the Smartphone Screen Protector Market are BodyGuardz (US), Corning Incorporated (US), ZAGG Inc. (US), SCHOTT AG (Germany), AGC (Japan), Shenzhen Yoobao Technology Co., Ltd (China), AZ Infolink Private Limited (India), Belkin International, Inc. (US), FeYong Digital Technology Limited (China), and Nippon Electric Glass Co., Ltd (Japan).
On Jan 8, 2019, Otterbox, Americas' bestselling smartphone case brand, announced the expansion plan of its range of mobile accessories with the introduction of a new class of screen protectors for mobile phones. The company is forming a strategic partnership with Corning Incorporated, which is the worldwide leader in glass science, to bring-forward Amplify glass screen protectors for some of the leading tablets and smartphones.
On Aug 30, 2018, InvisibleShield, a global producer and innovator of screen protectors, announced a strategic alliance with Healthe. The aim of the partnership is centered around developing and introducing a screen protection solution that not only help consumers with optimum screen care but also protects them from the harmful High Energy Visible (HEV) Light as well.
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