A report by Grand
View Research, Inc. shows that the global smartphone
screen protector market is poised to reach a valuation of USD 56.51
billion by 2024. Rising sales of premium-priced smartphones are one of the key
factors likely to drive the market. Increasing concerns regarding the safety of
high end devices is translating into the greater uptake of smartphone screen
protectors. Besides this, surging demand for pre-used and refurbished
smartphones may augment the market during the forecast period (2016 to 2024).
Emerging economies
are promising destinations for manufacturers. A large number of smartphone
manufacturers in countries such as China, India, and Brazil are coming up with
low-priced, latest-technology smartphones. This is resulting in proliferation
of smartphones, which is expected to augment the market. In addition, rising
disposable income of the populace can play an imperative role in the
development of the market.
The market was valued
USD 31.13 billion in 2015. Availability of a wide variety of smartphone screen
protectors is anticipated to work in favor of the market. Emergence of
scratch-resistant covers, UV protected covers, and anti-glare screens
protectors can stir up sales. Moreover, introduction of 2.5D and 3D screen
protectors that improve the user experience is projected to bolster growth of
the market in the forthcoming years.
Browse full research report on Smartphone Screen Protector Market:
Tempered glasses
are expected to exhibit phenomenal adoption rate due to their superior adhesive
characteristics, high functional performance, and declining prices. Surging
demand for tempered glass screen covers is projected to positively influence
the overall market.
Abundant
availability of raw materials such as tempered glass, thermoplastic
polyurethane (TPU), and polyethylene terephthalate (PET) is leading to
reduction in manufacturing cost. This, in turn, is resulting in low cost of the
product, which is allowing the market to gain significant momentum.
Additionally, high operating margins allow distributors to offer products at
exorbitant discounts to attract customers, which may continue promoting sales.
Furthermore, low entry barriers such as low capital required for set-up is
estimated to support the growth of the market.
Technological
advancements are anticipated to play a pivotal role in the development of the
market. Innovative products are envisaged to take the market by storm. For
instance, in November 2017, Electronic Screen Protector developed by a team of
Google researchers, which is able to determine if someone is spying on a
person’s smartphone over his/her shoulder using artificial intelligence (AI).
This can help users protect sensitive data on their smartphone screens from
strangers’ eyes in crowded places. The screen protector uses phone’s front
camera to indicate stranger gaze at screen in a runtime of 2ms.
The global smartphone
screen protector market is divided in terms of material, application, and
geography. Based on material, the market is segmented into tempered glass, thermoplastic
polyurethane (TPU), and polyethylene terephthalate (PET). By application, the
market is classified into <USD 175, USD 175-250, USD 250-450, USD 450-550, USD
550-700, and >USD 700. Demand for smartphone screen protectors for phones
costing above 700 USD is poised to rise to over 475 million units by the end of
forecast period.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Key regions
analyzed in the report are Europe, North America, Latin America, Asia Pacific,
and the Middle East and Africa. Asia Pacific represented a dominant share of
52% in 2015. Increasing urbanization and rapid expansion in e-commerce are
leading to improved distribution network, which in turn is supplementing the
growth of the market. Presence of a wide base of manufacturers is benefiting
the regional smartphone screen protector market. Proliferation of smartphones,
increasing availability of raw materials, and improving purchasing power of the
populace are likely to propel the market. All these factors are allowing Asia
Pacific to retain dominance through 2024.
The growth of the
market in Europe can be attributed to surging demand for premium quality of screen
protectors for high end smartphones. However, sluggish rise in the sales of new
smartphones can result in slow growth rate of the region over the forecast
period.
Some of the
prominent companies operating in the global market for smartphone screen
protection are Belkin International Inc.; Free S Speed International Co. Ltd; Corning
Inc.; FeYong Digital Technology Ltd.; and Clarivue.
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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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