Mobile Phone Insurance Market, By Coverage, By Distribution Channel, By Geography

Description

Mobile Phone Insurance Market is estimated to be valued at USD 37.63 Bn in 2025 and is expected to reach USD 80.62 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.5% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 37.63 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	11.50%	2032 Value Projection:	USD 80.62 Bn

The market is evolving rapidly within the insurance industry because of the high adoption of smartphones and the increasing value of mobile devices globally. Mobile phone insurance offers protection against different types of risks, including accidental damage, theft, loss, liquid damage, and mechanical breakdown. The market encompasses diverse coverage models ranging from manufacturer warranties and extended service plans to comprehensive third-party insurance policies provided by specialized insurers, telecommunications carriers, and retail partners.

Market Dynamics

A big driver for the market is the escalating cost of premium smartphones, with flagship devices often exceeding USD 1,000. The rates of accidental damage, theft, and loss have increased a lot, creating awareness for comprehensive protection. This makes replacement costs very expensive for average consumers, making demand for protective coverage. Also, mobile devices are seeing a lot of adoption across all demographics. The expanding ecosystem of mobile applications for banking, shopping, and business operations has turned mobile devices into essential tools that need reliable insurance coverage. However, cost-conscious consumers may hesitate to pay additional monthly premiums. Also, alternative protection methods, such as durable phone cases and screen protectors, can limit insurance demand. Apart from this, the rapid adoption of 5G technology and foldable smartphones, which create the need for premium prices and specialized coverage, will open up opportunities for market players to explore.

Key Features of the Study

This report provides an in-depth analysis of the global mobile phone insurance market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global mobile phone insurance market based on the following parameters: company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Apple Inc., Asurion (Asurion, LLC), Assurant, Inc., AT&T Intellectual Property (AT&T Inc.), Allianz SE, AIG (American International Group), AmTrust Financial, Brightstar Corp., GoCare Warranty Group, SquareTrade, Inc. (Allstate), Taurus Insurance Services, Verizon Communications, Vodafone Group, Chubb Limited, and AXA Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global mobile phone insurance market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mobile phone insurance market.

Market Segmentation

Coverage Insights (Revenue, USD Bn, 2020 - 2032)
- Physical Damage
- Theft & Loss
- Mechanical Failure
- Liquid Damage
Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
- Mobile Operators
- Online Platforms
- Retailers
- Insurance Companies
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Apple Inc.
- Asurion (Asurion, LLC)
- Assurant, Inc.
- AT&T Intellectual Property (AT&T Inc.)
- Allianz SE
- AIG (American International Group)
- AmTrust Financial
- Brightstar Corp.
- GoCare Warranty Group
- SquareTrade, Inc. (Allstate)
- Taurus Insurance Services
- Verizon Communications
- Vodafone Group
- Chubb Limited
- AXA Group

Product Code: CMI8146

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Mobile Phone Insurance Market, By Coverage
- Global Mobile Phone Insurance Market, By Distribution Channel
- Global Mobile Phone Insurance Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Mobile Phone Insurance Market, By Coverage, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Physical Damage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Theft & Loss
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Mechanical Failure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Liquid Damage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Mobile Phone Insurance Market, By Distribution Channel, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Mobile Operators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Online Platforms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Retailers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Insurance Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Mobile Phone Insurance Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Coverage, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Apple Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Asurion (Asurion, LLC)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Assurant, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AT&T Intellectual Property (AT&T Inc.)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Allianz SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AIG (American International Group)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AmTrust Financial
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Brightstar Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GoCare Warranty Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SquareTrade, Inc. (Allstate)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Taurus Insurance Services
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Verizon Communications
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Vodafone Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chubb Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AXA Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
About us