The global smartphone screen
protector market is expected to reach USD 56.51 billion by 2024, according to a
new report by Grand View Research, Inc. Increasing demand for the product in
premium devices such as iPhone 6, iPhone 6s and Samsung Galaxy Note series is
expected to drive industry growth. In addition, repurchase of the screen
protectors during the product life is expected to bolster demand.
Increasing smartphone sales
primarily in the developing economies such as India and China are driven by
improving spending abilities of the consumers is expected to drive industry
growth. In addition, increasing demand for smartphones manufactured by Chinese
vendors such as Xiaomi Inc. and Oppo Electronics Corp is expected to drive the
product growth. Furthermore, the emergence of low-cost screen protector
manufacturers, particularly in Asia Pacific is expected to drive the demand
over the projected period.
Tempered glass emerged as the
most prominent material used in manufacturing the product owing to superior risk
mitigation properties. Also, the market is expected to witness increased
internal substitution with consumers exhibiting high affinity towards the
tempered glass screen protectors. Furthermore, superior adhesive
characteristics coupled with declining prices of tempered glass screen
protectors is expected to drive the demand for such screen protectors over the
forecast period.
In depth research report on Smartphone Screen Protector
Market
Further key findings from the report suggest
•
PET segment is expected to
witness decline at a rate of over (6.1%) over the forecast period. Increasing
rejection of the PET products owing to limited screen protection coupled with
easy discoloration is expected to drive the growth over the next eight years.
•
The >USD 700 application
segment demand is anticipated to increase to over 475 million units by 2024
owing to growing demand for premium smartphones over the forecast period. In
addition, rising concerns regarding the safety of high price smartphones are
expected to drive the product growth.
•
U.S. is expected to grow at a
CAGR of over 6.9% from 2016 to 2024 owing to increasing adoption of premium
technology high price smartphones. Also, increasing demand for protective
smartphone accessories coupled with high disposable income of the consumers is
expected to translate into increased growth over the forecast period.
•
Key participants include Belkin
International Inc., Bodyguardz, intelliArmor, Zagg Inc., Free S Speed
International Co. Ltd, Jiizii Glass, Clarivue, FeYong Digital Technology
Limited. Corning Inc., and AZ Infolink Pvt. Ltd.
Grand View Research has
segmented the global smartphone screen protector market on the basis of
material, application and region:
Material Outlook (Volume, Million Units; Revenue, USD
Million, 2013 - 2024)
•
Tempered glass
•
Polyethylene terephthalate (PET)
•
Thermoplastic Polyurethane
(TPU)
Application Outlook (Volume, Million Units; Revenue, USD
Million, 2013 - 2024)
•
<USD 175
•
USD 175-250
•
USD 250-450
•
USD 450-550
•
USD 550-700
•
>USD 700
Regional Outlook (Volume, Million Units; Revenue, USD
Million, 2013 - 2024)
•
North America
o
U.S.
•
Europe
o
Germany
o
UK
•
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
•
Latin America
•
Middle East & Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment