Smartphone Screen Protector Market Growing at a CAGR of 6.9% | Forecast Period from 2023 to 2032

Prudour Private Limited

Updated · Apr 28, 2023

Smartphone Screen Protector Market Growing at a CAGR of 6.9% | Forecast Period from 2023 to 2032

Market Overview

Published Via 11Press : The global Smartphone Screen Protector Market size was valued to be worth USD 48.5 billion in 2022. From 2023 to 2032, it is estimated to reach USD 93 billion growing at a CAGR of 6.9%.

The smartphone screen protector market encompasses protective accessories designed to shield mobile device screens from scratches, cracks, or any damage due to drops, impacts or any other cause. Smartphone screen protectors consist of thin sheets of film or tempered glass designed to adhere directly to front of devices’ displays – creating an extra layer of defense from drops or impacts as well as damage due to regular usage.
The smartphone screen protector market is propelled by increasing consumer interest for smartphone ownership and their desire to secure their device against damage, as well as by new materials and technologies that improve screen protector performance and durability.

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Key Benefits

  • Protection: One key benefit of using a smartphone screen protector is protection. Protectors help prevent scratches, cracks and other forms of screen damage that would require costly repair or replacement in the future – using them will prolong their lives as consumers protect their investment while prolonging its useful life span.
  • Enhance Durability: Screen protectors add an additional layer of defense, making the display more resilient against impacts such as drops. This extra durability gives consumers peace of mind, decreasing repair or replacement needs over time.
  • Improved Clarity: Quality screen protectors can enhance screen visibility and clarity by reducing glare and making viewing content simpler on devices.
  • Easy Installation: Screen protectors can be easily installed by consumers without professional help, offering added layer of protection to smartphones and other electronic devices. This makes the experience simple for the average person.
  • Screen protectors offer consumers an affordable means of safeguarding smartphones against damage at a far reduced cost compared to replacing an otherwise damaged screen, making this solution cost-efficient for consumers.
  • Revenue Generation: Smartphone screen protector markets present manufacturers with an opportunity to generate additional income by selling accessories such as screen protectors. Consumers commonly add screen protectors as add-on purchases; thus manufacturers stand to gain from selling this add-on purchase alongside smartphones or other devices.

Regional Snapshot

  • North America: North American smartphone screen protector sales have seen strong growth over time due to increased smartphone penetration and demand. The United States represents one of the highest markets, accounting for most sales within this region.
  • Europe: Europe represents one of the highest markets for smartphone screen protectors, led by countries such as Germany, UK and France. This sector’s growth can be attributed to high smartphone penetration combined with rising accessory demands.
  • Asia Pacific: Asia Pacific is home to one of the highest smartphone adoption rates worldwide and one of the highest smartphone screen protector sales volumes as well. Countries like China, India and Japan represent some of the biggest markets for smartphone screen protectors within this region due to high smartphone adoption levels coupled with greater awareness regarding screen protection needs.
  • Latin America: Although Latin American smartphone screen protector sales remain modest at present, due to rising adoption of smartphones within this region it’s anticipated that their numbers will grow over the coming years.
  • Middle East and Africa: This market for smartphone screen protectors has experienced tremendous growth due to the rising adoption of smartphones across these regions and an awareness of their need to protect from damage.

Drivers

  • Rising Adoption of Smartphones: As more people utilize smartphones for various activities, their awareness of the need to protect them against scratches, cracks and other forms of damage increases exponentially. As more consumers purchase screen protectors as protective solutions against physical harm becomes paramount.
  • Need for Screen Protection: Smartphone screens can be fragile; consequently, screen protectors offer additional layers of protection that could potentially prevent damages such as cracked and shattered displays caused by accidental drops and bumps. Screen protectors offer this extra level of defense for this vulnerable area of electronic technology.
  • Rising Awareness about Screen Protection: As consumers become more informed of the advantages offered by screen protectors, their demand increases exponentially. When individuals gain more knowledge on this accessory’s uses and benefits they become more inclined to purchase it themselves.
  • Technological Advancements: Technological developments have spurred on new screen protector materials and designs with increased performance and durability in mind, such as shatterproof or self-healing properties to further increase protection.
  • Rise in Disposable Income: As disposable income rises among consumers, demand for premium and high-quality smartphone accessories such as screen protectors increases exponentially. When people have more disposable money at their disposal they tend to invest more on items which provide extra protection for their devices – including screen protectors.

Restraints

  • Saturation of Market: With more and more screen protector manufacturers offering similar products, newcomers may find it challenging to establish themselves within this marketplace. This makes gaining entry even harder.
  • Competition from Alternatives: Screen protectors may provide effective ways of safeguarding smartphone screens, yet other alternatives such as phone cases and covers that offer similar levels of protection may eat into demand for screen protectors. This could potentially diminish their market.
  • Quality Concerns: Some screen protectors from lesser-known manufacturers raise quality issues that pose potential safety threats; insufficient protection could potentially compromise or even harm a screen protector, leading to damages or screen rupture.
  • Limited Compatibility: Certain screen protectors only fit certain models of smartphones or don’t fit perfectly, limiting both their usefulness and appeal.
  • Cost: High-quality screen protectors may be expensive and some consumers may hesitate to spend their money on an accessory they see as non-essential.

Opportunities

  • Innovation in Materials and Design: The screen protector market is constantly expanding with manufacturers consistently developing cutting edge designs using cutting-edge materials for improved performance, durability, and functionality. They also explore ways of meeting consumer needs more directly by tailoring solutions specifically to individual requests or preferences.
  • Expansion into New Markets: Though the smartphone screen protector market has long been established in many regions, there remain opportunities to grow into new ones. Manufacturers could focus on creating screen protectors specifically tailored for new or emerging smartphone brands that have gained prominence within certain regions.
  • Collaboration With Smartphone Manufacturers: Screen protector manufacturers could collaborate with smartphone makers to design custom screen protectors specifically tailored for individual models of phones, which would increase compatibility and enhance performance of protection solutions. This would facilitate enhanced compatibility as well as performance.
  • As Consumer Awareness of Screen Protection Increases: Screen protectors offer many advantages; as more consumers recognize this fact, there may be opportunities to expand the market by targeting customers who have yet to invest in one for their smartphones.
  • E-commerce Offers an Opportunity: E-commerce provides screen protector manufacturers an exciting new chance to reach wider audiences and sell directly through digital channels.

Challenges

  • Counterfeit Products: One of the primary obstacles facing smartphone screen protector market is counterfeit products’ proliferation. While counterfeit items often sell at reduced price points than genuine products, consumers may struggle to distinguish them as real ones from counterfeit ones – damaging brand credibility as a whole while undermining consumer trust in this marketplace.
  • Price Sensitivity: While many consumers recognize the necessity of protecting their smartphones with screen protectors, many may remain price-sensitive and unwilling to pay more for high-quality items – making differentiation challenging and profitability uncertain for manufacturers.
  • Fragmented Market: The smartphone screen protector market is highly fragmented, with numerous manufacturers selling similar products that make it hard for newcomers to establish themselves within it. New entrants may find it challenging to gain ground and establish themselves within this marketplace.
  • Screen Protectors Have Limited Shelf Lives: Though screen protectors provide essential smartphone protection, their shelf lives may be short. As a result, manufacturers and retailers must constantly replace these components at great expense if profitability is to remain viable over the longer-term.
  • Compatibility Issues: Screen protectors are typically tailored for specific models of smartphones; when new models come out, compatibility problems may arise and this poses challenges to manufacturers who must remain current on product offerings in order to remain competitive in their marketplace.

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Market Segments

Based on Product Type

  • 2D
  • 2.5D
  • 3D

Based on the Material Type

  • Tempered Glass
  • Polyethylene Terephthalate
  • Thermoplastic Polyurethane

Based on Size

  • 0.21mm
  • 0.33mm
  • 0.26mm

Key Players

  • ZAGG Inc.
  • Nippon Electric Glass Co. Ltd
  • Xtreme Guard
  • NuShield Inc.
  • AZ Infolink Private Limited
  • Corning Incorporated
  • SCHOTT AG
  • Belkin International Inc.
  • FeYong Digital Technology
  • Shenzhen Yoobao Technology Co. Ltd
  • BodyGuardz
  • AGC
  • IntelliARMOR
  • Halloa Enterprise Co.Ltd.
  • Ryan Technology Co. Ltd
  • Other Key Players

Top Impacting Factors

  • Growth of Smartphone Market: As more consumers purchase smartphones, demand for screen protectors also grows exponentially.
  • Rise in Screen Protection Awareness: With greater consumer understanding of the need to safeguard their smartphones from damage, demand for high-quality screen protectors that offer maximum defense has skyrocketed. Rising awareness drives demand for these high-performance screen guards.
  • Technological Advancements: Technological advancements have allowed screen protector manufacturers to utilize new materials and designs that offer better performance, durability, and functionality – expanding consumer choices while increasing overall product quality.
  • Distributing Screen Protectors Through Multiple Channels: Screen protectors’ availability via various distribution channels such as online marketplaces, retail stores and mobile phone accessory shops has been one of the chief drivers for market growth in 2017.
  • Price Sensitivity: Consumer price sensitivity can have an adverse impact on the screen protector market. When consumers refuse to pay more for high-quality products, their financial profitability becomes compromised as manufacturers and retailers struggle with margin pressures and ultimately have difficulty competing on price alone.
  • Compatibility issues: Incompatibilities can have an adverse impact on the screen protector market as new smartphones with different screen sizes and shapes are released onto the market, necessitating manufacturers to update their product lines to ensure compatibility with each device released by smartphone makers.

Report Scope

Report Attribute Details
The market size value in 2022 USD 48.5 Bn
Revenue forecast by 2032 USD 93 Bn
Growth Rate CAGR Of 6.9%
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
Historical Years 2017-2022
Base Year 2022
Estimated Year 2023
Short-Term Projection Year 2028
Long-Term Projected Year 2032

Recent Development

  • Foldable Screen Protectors: Due to the increasing popularity of foldable smartphones, demand has surged for screen protectors tailored specifically for them that provide maximum protection without impacting on functionality of these devices. Multiple manufacturers now provide these protectors as part of their offering for foldable phones.
  • Self-Healing Screen Protectors: Recently introduced into the market are self-healing screen protectors which utilize cutting edge materials to repair scratches on smartphones’ displays. Consumers seeking long-lasting and high quality protection for their smartphones have taken notice.
  • Anti-Blue Light Screen Protectors: With more people turning to smartphones for extended use, concerns have emerged regarding its potentially detrimental impact on eye health. Anti-blue light screen protectors were developed specifically to block blue light emitted by smartphone screens in order to relieve strain on eyes and improve sleep quality by blocking blue light emitted. These screen protectors help block blue light emitted by phones thereby helping reduce eye strain while improving sleep quality and decreasing strain on eye muscles.

Frequently Asked Question

Q: What is the current market size for the Smartphone Screen Protector Market?
A: According to a report by Market.us, the Smartphone Screen Protector Market was valued at USD 48.5 billion in 2022 and is expected to reach USD 93 billion by 2032, growing at a CAGR of 6.9% during the forecast period.

Q: What are the key segments of the Smartphone Screen Protector Market?
A: The Smartphone Screen Protector Market can be segmented based on Product Type (2D, 2.5D, 3D), Based on the Material Type(Tempered Glass, Polyethylene Terephthalate, Thermoplastic Polyurethane), Based on Size (0.21mm, 0.33mm, 0.26mm), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Q: Who are the key players in the Smartphone Screen Protector Market?
A: Some of the key players in the Smartphone Screen Protector Market include ZAGG Inc., Nippon Electric Glass Co. Ltd, Xtreme Guard, NuShield Inc., AZ Infolink Private Limited, Corning Incorporated, SCHOTT AG, Belkin International Inc., FeYong Digital Technology, Shenzhen Yoobao Technology Co. Ltd, BodyGuardz, AGC, IntelliARMOR, Halloa Enterprise Co.Ltd., Ryan Technology Co. Ltd, Other Key Players.

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Content has been published via 11press. for more details please contact at [email protected]

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