The global smartphone screen protector market is estimated to be worth USD 51,252.2 million in 2024. For 2023, the value was tipped to be USD 50,232.3 million. The market is projected to show healthy growth from 2024 to 2034, with a CAGR of 7.1%. By 2034, the size of the market is predicted to expand to USD 1,01,767.1 million.
Global Smartphone Screen Protector Market Analysis
Attributes | Details |
---|---|
Smartphone Screen Protector Market Value for 2024 | USD 51,252.2 million |
Projected Market Value for 2034 | USD 1,01,767.1 million |
Value-based CAGR of Market for 2024 to 2034 | 7.1% |
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The size of the smartphone screen protector market was marked at USD 38,681.2 million in 2019. The market progressed at a healthy pace over the historical period, with a CAGR of 6.8%.
As more avenues were opened to sell smartphones, the smartphone screen protector industry benefitted. Governments all over the world encourage digital transformation, leading to the production of smartphones. Thus, the setup for mobile manufacturing plants saw an increase.
However, smartphone and screen protector manufacturing also faced difficulties during the historical period. Chief among the problems was the closure of plants due to the raging pandemic. However, as restrictions eased, the market rebounded. By 2023, the market valuation had reached USD 50,232.3 million.
Attributes | Details |
---|---|
Market Value (2019) | USD 38,681.2 million |
Historical CAGR (2019 to 2023) | 6.8% |
Historical Market Valuation (2023) | USD 50,232.3 million |
Long-term Analysis of the Smartphone Screen Protector Market
The smartphone screen protector market is anticipated to have a value of USD 51,252.2 million in 2024. The market is expected to register a promising CAGR of 7.1% for the forecast period.
The market for smartphone screen protectors is anticipated to progress swiftly due to the burgeoning consumer class and strong demand for smartphone purchases. The proliferation of smartphones among the populace is the primary driver for the demand for smartphone screen protectors. For many users, a screen protector is vital to the smartphone. Thus, there is little hesitation in buying screen protectors from users.
The variety of screen protectors and the wide availability of the product are other factors contributing to progress in the market. From multinational companies to small-scale local outfits, the production of smartphone screen protectors is varied and ranges in price. Advanced capabilities like blue-ray protection for eyes are keeping the market outlook fresh. By 2034, the market is forecast to jump in valuation to USD 1,01,767.1 million.
The smartphone screen protector market can be divided into the following segments: material and range.
Tempered glass is a commonly used material in smartphone screen protectors. For 2024, tempered glass is expected to account for a mammoth 87.9% of the market share by material category.
Attributes | Details |
---|---|
Top Material | Tempered Glass |
Market Share in 2024 | 87.9% |
Tempered glass screen protectors have earned consumers' trust to safeguard their phones when dropped or scratched. The glass provides security, and innovations such as anti-glare technology further endear the product to consumers. Tempered glass products are also readily available, being stocked from small retail stores to high-end branded stores.
Smartphone screen protectors in the middle of the price range are commonly bought in several developed and emerging countries. For 2024, mid-range screen protectors are expected to contribute 61.7% of the market share by price range.
Attributes | Details |
---|---|
Top Price Range | Mid-range |
Market Share in 2024 | 61.7% |
Low-range screen protectors run the risk of being low quality and needing to provide more protection to smartphones. On the other hand, consumers are also hesitant to fork out considerable sums of money for high-range screen protectors, not deeming the features provided necessary.
Mid-range screen protectors hit the sweet spot for consumers. The screen protectors are made from good quality material, thus allowing consumers protection at a more reasonable price.
Smartphone users in the Asia Pacific are growing exponentially. Aided by the rising population growth as well as the standard of living, smartphones are becoming part of the furniture for users in the Asia Pacific. Thus, the market has lucrative opportunities in the Asia Pacific.
North America, Europe, and Oceania all represent significant growth potential for the market. The clamor for advanced technology is aiding the progress in economically-developed countries. Thus, the forecast of the market is bright in the three regions.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 6.4% |
China | 8.7% |
Germany | 5.8% |
Australia | 7.3% |
India | 7.8% |
China has come to establish itself as a technological hub. For 2024 to 2034, the CAGR for China is estimated to be an invigorating 8.7%.
China is home to several companies that make smartphones and screen protectors. Thus, the local population is well aware of the technological developments in the market. Chinese manufacturers are also aiding the cause by constantly launching new products. Thus, the China smartphone protector market is thriving. The high amount of tempered glass production in the country, which is claimed to be the highest in the world, also contributes to the market's growth.
Another country in Asia marked to have potential for the market is India. For the forecast period, the CAGR for India is predicted to be a healthy 7.8%.
The government in India has undertaken plans to step up local smartphone production. A smartphone giant like Apple has increased its production capacity in India. Thus, the country is one of the promising markets for smartphone screen protectors.
In Australia, price-sensitive products are in vogue. Thus, affordable screen protectors are enjoying increasing demand in the country. However, Australian consumers are also looking for quality, wildly as an increasing percentage of the populace is splashing money on high-end phones like the latest iPhone. Thus, mid-range screen protectors are popular in the country. The CAGR for Australia over the forecast period is pegged at an encouraging 7.3%.
Germany is one of the promising countries in Europe for the market. The market is expected to register a solid CAGR of 5.8% in the country.
Germany, as a country, is known to be at the forefront of technology. The German people's tendency toward the latest technology is displayed prominently in smartphone selection. Premium and top-of-the-line smartphones are standard products in the hands of the German population. To take care of the premium products, screen protectors are sought in high quantities in Germany.
Consumers in the United States are eager for innovations, both in smartphones and screen protectors. Thus, manufacturers are encouraged to put out new products and satiate the needs of the consumers. For example, in August 2023, American company BodyGuardz introduced a screen protector made from broken glass and sand. For the forecast period, the CAGR in the United States is projected to be a sturdy 6.4%.
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Technology innovation is a key theme among the strategies of market players. To avail of technological advancements, companies in the market are investing heavily in research and development.
Many smartphone companies produce in-house screen protectors. However, the market for smartphone screen protectors is open to numerous players. Local players thrive in the market, while multinational giants offer high-end screen protectors to differentiate the product.
Recent Developments in the Smartphone Screen Protector Market
The size of the smartphone screen protector market in 2024 is expected to be USD 51,252.2 million.
By 2034, the size of the market is likely to reach at USD 1,01,767.1 million.
For the period from 2024 to 2034, the market is expected to progress at a CAGR of 7.8% in India.
Tempered glass is the overwhelming material employed, with an expected market share of 87.9% in 2024.
China is expected to register a growth of 8.7% through 2034.
Market Size, 2024 | USD 104,498.2 million |
---|---|
Market Size, 2034 | USD 196,142.9 million |
Value CAGR (2024 to 2034) | 6.5% |
Expected Market Value (2023) | USD 21.58 Billion |
---|---|
Anticipated Forecast Value (2033) | USD 46.16 Billion |
Projected CAGR (2023 to 2033) | 7.9% |
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