The Asia Pacific mobile phone insurance market size reached USD 7.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.5 Billion by 2033, exhibiting a growth rate (CAGR) of 10.1% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 7.4 Billion |
Market Forecast in 2033
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USD 17.5 Billion |
Market Growth Rate (2025-2033) | 10.1% |
Mobile phone insurance provides financial protection to an insured cell phone user for expenses or losses incurred due to unexpected events such as damage, fire, theft and accidents. It also helps users to evade expensive replacement costs of mobile devices or their different components. Presently, with the increasing sales of smartphones and the rising instances of theft, the demand for mobile phone insurance is escalating in the Asia Pacific region.
Rapid urbanization and inflating disposable incomes are positively influencing the sales of premium smartphones. This represents one of the key factors impelling the market growth in the Asia Pacific region. Apart from this, the emergence of multichannel interaction, direct-to-consumer insurance assistance and online transaction platforms are driving the market growth. Moreover, leading companies in the region are utilizing data analytics to expand their consumer base. They are also collaborating with mobile phone manufacturers to offer different coverage policies to users. This, along with the introduction of recovery features, data protection and extensive technical support, is anticipated to strengthen the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific mobile phone insurance market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on phone type, coverage, distribution channel and end user.
Breakup by Phone Type:
Breakup by Coverage:
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report
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Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Phone Types Covered | New Phone, Refurbished |
Coverages Covered | Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection |
Distribution Channels Covered | Mobile Operators, Device OEMs, Retailers, Online, Others |
End Users Covered | Corporate, Personal |
Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |