Mobile Phone Insurance Market Size and Forecast to 2033

Mobile Phone Insurance Market Report by Phone Type (New Phone, Refurbished), Coverage (Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection), Distribution Channel (Mobile Operators, Device OEMs, Retailers, Online, and Others), End-User (Corporate, Personal), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A1292

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Market Overview:

The global mobile phone insurance market size reached USD 40.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 83.1 Billion by 2033, exhibiting a growth rate (CAGR) of 8.4% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 40.3 Billion
Market Forecast in 2033	USD 83.1 Billion
Market Growth Rate 2025-2033	8.4%

The mobile phone insurance is the coverage taken by the cellular phone users in order to protect their cell phones from various damages and losses. The coverage is provided to the insured in case of circumstances such as damage, fire, theft, accident, and other unexpected situations. Mobile phone insurance helps the consumer to evade expensive replacement costs in case of mobile phone loss or breakdown. The market consists of well-established players across the globe that invest significantly in order to deliver the most elaborate insurance solutions to the customers.

The increasing number of smartphones users and rising incidences of accidental damage, phone thefts, device malfunction, etc., are among the key factors driving the global mobile phone insurance market. Mobile phones are highly prone to physical and technical damages, and the rising cost of smartphones is driving the consumers towards opting for mobile phone insurance policies. Collaborations among mobile phone manufacturers and insurance regulators are also driving the market globally. Insurance vendors in the market are improving the policies with recovery features, data protection, and extensive technical support to the consumers while they claim their insurance. Moreover, the emergence of multichannel interaction, direct-to-consumer insurance assistance, online transaction platforms, etc, are also driving the global mobile phone insurance market further. Other factors driving the market include rising demand of data and virus protection plans, improving access through improved distribution networks, rising demand of premium smart phones, etc.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile phone insurance market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on phone type, coverage, distribution channel and end-user.

Breakup by Phone Type:

New Phone
Refurbished

Breakup by Coverage:

Physical Damage
Electronic Damage
Virus Protection
Data Protection
Theft Protection

Breakup by Distribution Channel:

Mobile Operators
Device OEMs
Retailers
Online
Others

Breakup by End-User:

Corporate
Personal

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being American International Group, Inc, Allianz SE, AmTrust International Limited, Apple Inc., AT&T Inc., AXA Group, Deutsche Telekom AG, Liberty Mutual Insurance Group, Pier Insurance Managed Services Ltd., Samsung Electronics Co. Ltd., SoftBank Group Corp., Sprint Corporation, Telefónica Insurance S.A., Verizon Communications Inc., Vodafone Group Plc, Xiaomi Corporation and Orange S.A.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Phone Type, Coverage, Distribution Channel, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	American International Group, Inc, Allianz SE, AmTrust International Limited, Apple Inc., AT&T Inc., AXA Group, Deutsche Telekom AG, Liberty Mutual Insurance Group, Pier Insurance Managed Services Ltd., Samsung Electronics Co. Ltd., SoftBank Group Corp., Sprint Corporation, Telefónica Insurance S.A., Verizon Communications Inc., Vodafone Group Plc, Xiaomi Corporation and Orange S.A
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)

Key Questions Answered in This Report:

How has the global mobile phone insurance market performed so far and how will it perform in the coming years?
What are the key regional markets in the global mobile phone insurance industry?
What has been the impact of COVID-19 on the global mobile phone insurance industry?
What is the breakup of the market based on the phone type?
What is the breakup of the market based on the coverage?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global mobile phone insurance industry?
What are the key driving factors and challenges in the global mobile phone insurance industry?
What is the structure of the global mobile phone insurance industry and who are the key players?
What is the degree of competition in the global mobile phone insurance industry?
What are the profit margins in the global mobile phone insurance industry?

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