Market Overview:
The global 5G mobile phone insurance market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of 5G technology and rising demand for smartphones. In terms of type, the wireless carrier segment is expected to hold the largest share in the global 5G mobile phone insurance market during the forecast period. This can be attributed to increased spending on data plans by consumers and growing demand for high-end smartphones. In terms of application, physical damage is expected to hold the largest share in the global 5G mobile phone insurance market duringthe forecast period. This can be attributedto increasing number of accidents involving smartphones and rising replacement costsof damaged devices.
Product Definition:
5G Mobile Phone Insurance is a type of insurance that covers the cost of repairing or replacing a mobile phone that has been damaged, lost, or stolen. It can also provide coverage for accidental damage to the phone. 5G Mobile Phone Insurance is important because it can help protect the owner's investment in their mobile phone.
Wireless Carrier:
Wireless carrier is a term used for the mobile network operators that provide end-to-end wireless services. Wireless carrier in the insurance industry provides coverage and protection to customers against any unforeseen event by providing them with various services such as health, life, car and property insurance. The growth factor of wireless carrier in 5G mobile phone insurance market is determined by several factors such as increasing demand for smartphones & internet connectivity along with growing penetration of telecom service providers across rural areas.
Mobile Phone Operators & Retailers:
Mobile phone operators and retailers are the key players in the 5G mobile phone insurance market. They sell insurance policies to customers against theft, damage or loss of a mobile device. The policies cover replacement of any personal use device such as smartphones, tablets, and other communication devices. The demand for these services is expected to increase post-5G rollouts as users would prefer not to lose their expensive devices due to accidental damage or theft.
Application Insights:
The others segment dominated the global 5G mobile phone insurance market in 2017, accounting for a share of over 50.0%. The segment includes financial damage, theft and loss. In terms of revenue, the physical damage category is expected to witness significant growth over the forecast period owing to increasing awareness among consumers regarding product benefits and features offered by insurers.
The growing popularity of online shopping has led to an increase in electronic devices being stolen from households across various regions including North America and Europe. According to FBI data published in 2018, around 1 million thefts were recorded that year globally with laptops/netbooks being stolen most often followed by tablets/e-readers and smartphones respectively.
Regional Analysis:
The North American regional market dominated the global 5G mobile phone insurance market in 2017. The growth can be attributed to the presence of key players such as AT&T, T-Mobile US, and Verizon Communications Inc. In addition, these companies are also offering their services through third-party insurance providers such as SquareTrade and Protect Your Bubble. Thus, increasing the availability of coverage across all service areas in this region is expected to fuel demand over the forecast period.
Asia Pacific is anticipated to emerge as a lucrative regional market for 5G mobile phone insurance over the next eight years owing to growing consumer awareness regarding theft and accidental damage risks associated with wireless devices coupled with rising disposable income levels among consumers especially in developing countries like India and China.
Growth Factors:
- Increasing demand for mobile phone insurance due to the increasing number of smartphone users and their dependency on these devices.
- The growing trend of BYOD (Bring Your Own Device) is also expected to drive the market growth as employees are increasingly using their personal smartphones for work purposes, which increases the chances of damage or theft.
- Proliferation of connected devices and IoT is also anticipated to create new opportunities for mobile phone insurance providers as more and more consumers are likely to opt for protection against device damages caused by cyber-attacks or hacking incidents.
- Rapid advancements in technology are resulting in newer and more sophisticated mobile phones being launched in the market at a rapid pace, thereby increasing the need for insurance coverage against damages or theft.
Scope Of The Report
Report Attributes
Report Details
Report Title
5G Mobile Phone Insurance Market Research Report
By Type
Wireless Carrier, Mobile Phone Operators & Retailers, Others
By Application
Physical Damage, Theft & Loss, Others
By Companies
AIG, Apple, AXA, Asurion, Assurant, Hollard Group, Chubb (ACE), SoftBank, Allianz Insurance, AmTrust, Aviva
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global 5G Mobile Phone Insurance Market Report Segments:
The global 5G Mobile Phone Insurance market is segmented on the basis of:
Types
Wireless Carrier, Mobile Phone Operators & Retailers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Physical Damage, Theft & Loss, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AIG
- Apple
- AXA
- Asurion
- Assurant
- Hollard Group
- Chubb (ACE)
- SoftBank
- Allianz Insurance
- AmTrust
- Aviva
Highlights of The 5G Mobile Phone Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless Carrier
- Mobile Phone Operators & Retailers
- Others
- By Application:
- Physical Damage
- Theft & Loss
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 5G Mobile Phone Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
5G Mobile Phone Insurance is a type of insurance that covers your phone in the event it is damaged or stolen.
Some of the major players in the 5g mobile phone insurance market are AIG, Apple, AXA, Asurion, Assurant, Hollard Group, Chubb (ACE), SoftBank, Allianz Insurance, AmTrust, Aviva.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 5G Mobile Phone Insurance Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 5G Mobile Phone Insurance Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 5G Mobile Phone Insurance Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the 5G Mobile Phone Insurance Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global 5G Mobile Phone Insurance Market Size & Forecast, 2018-2028 4.5.1 5G Mobile Phone Insurance Market Size and Y-o-Y Growth 4.5.2 5G Mobile Phone Insurance Market Absolute $ Opportunity
Chapter 5 Global 5G Mobile Phone Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 5G Mobile Phone Insurance Market Size Forecast by Type
5.2.1 Wireless Carrier
5.2.2 Mobile Phone Operators & Retailers
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 5G Mobile Phone Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 5G Mobile Phone Insurance Market Size Forecast by Applications
6.2.1 Physical Damage
6.2.2 Theft & Loss
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 5G Mobile Phone Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 5G Mobile Phone Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 5G Mobile Phone Insurance Analysis and Forecast
9.1 Introduction
9.2 North America 5G Mobile Phone Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 5G Mobile Phone Insurance Market Size Forecast by Type
9.6.1 Wireless Carrier
9.6.2 Mobile Phone Operators & Retailers
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 5G Mobile Phone Insurance Market Size Forecast by Applications
9.10.1 Physical Damage
9.10.2 Theft & Loss
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 5G Mobile Phone Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe 5G Mobile Phone Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 5G Mobile Phone Insurance Market Size Forecast by Type
10.6.1 Wireless Carrier
10.6.2 Mobile Phone Operators & Retailers
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 5G Mobile Phone Insurance Market Size Forecast by Applications
10.10.1 Physical Damage
10.10.2 Theft & Loss
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 5G Mobile Phone Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 5G Mobile Phone Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 5G Mobile Phone Insurance Market Size Forecast by Type
11.6.1 Wireless Carrier
11.6.2 Mobile Phone Operators & Retailers
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 5G Mobile Phone Insurance Market Size Forecast by Applications
11.10.1 Physical Damage
11.10.2 Theft & Loss
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 5G Mobile Phone Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America 5G Mobile Phone Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 5G Mobile Phone Insurance Market Size Forecast by Type
12.6.1 Wireless Carrier
12.6.2 Mobile Phone Operators & Retailers
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 5G Mobile Phone Insurance Market Size Forecast by Applications
12.10.1 Physical Damage
12.10.2 Theft & Loss
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 5G Mobile Phone Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 5G Mobile Phone Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 5G Mobile Phone Insurance Market Size Forecast by Type
13.6.1 Wireless Carrier
13.6.2 Mobile Phone Operators & Retailers
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 5G Mobile Phone Insurance Market Size Forecast by Applications
13.10.1 Physical Damage
13.10.2 Theft & Loss
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 5G Mobile Phone Insurance Market: Competitive Dashboard
14.2 Global 5G Mobile Phone Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AIG
14.3.2 Apple
14.3.3 AXA
14.3.4 Asurion
14.3.5 Assurant
14.3.6 Hollard Group
14.3.7 Chubb (ACE)
14.3.8 SoftBank
14.3.9 Allianz Insurance
14.3.10 AmTrust
14.3.11 Aviva