Smartphone Screen Protector Market is expected to value at USD 56.51 billion by 2024. The smartphone screen protector industry is subject to witness a substantial growth due to the increase in the number of smartphones users across the globe. Rising preference towards speed and ease of accessibility in mobile market has become latest trend. The use of mobile phones and iOS & applications has become primary requirement for young population. iOS and android applications are used for booking tickets, listening music, watching movies and many more.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/smartphone-screen-protector-market/request-sample
The key driving factors responsible for the growth of Smartphone Screen
Protector market :
Mobile applications are treated
as a search engine fulfilling user’s requirement. These factors are expected to
drive large consumer base towards smartphone industry, thus amplifying market
growth of smartphone screen protector market. Globally, the smartphone screen
protector industry is predicted to grow at higher CAGR in the forecast period,
providing numerous opportunities for market players to invest for research and
development in the market.
Additionally, growing focus towards
the safety of high-end smartphones from accidental damages is expected to fuel
market demand for smartphone screen protector. Other factors responsible for
sustained market growth include recent technological advancements and use of
tempered glass, PET, and TPU. In addition, swift decline in the manufacturing
cost of the screen protectors and easy availability are predicted to stimulate
market growth over the forecast period..
Easy availability of raw
materials in abundance amount and higher market penetration due to rapid growth
of e-commerce sector are expected to favor market progress in the upcoming
years. Moreover, aggressive marketing strategies and exorbitant discounts
coupled with price reductions are attracting large the customers towards smartphone
screen protector. Moreover, limited entry barriers coupled with lower set-up
cost are anticipated to offer lucrative growth opportunities for market players
in the near future.
The smartphone screen protector
market is broadly categorized into three major segments based on the material
type such as tempered glass, polyethylene terephthalate (PET) and thermoplastic
polyurethane (TPU). The tempered glass is considered as one of the fastest
growing segment in the smartphone screen protector industry with substantial
revenue generation in the last few years.
The smartphone screen protector
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in smartphone sector,
growing concerns over high-end smartphone security, increase in the number of
research & development activities in the region and existence of
well-established infrastructure.
Asia-Pacific region is predicted
to hold major market share in smartphone screen protector with massive growth
in forecast period. Countries such as India, China and Singapore are leading
the Asia-Pacific market with recent trends in security solutions, strong economic
growth, and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the smartphone
screen protector industry are Zagg Inc., Belkin International Inc., Bodyguardz,
Inc., intelliArmor Co., Free S Speed International Co., Ltd., Clarivue Ltd.,
Jiizii Glass Co., FeYong Digital Technology Ltd., Corning Inc., and AZ Infolink
Pvt. Ltd.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/smartphone-screen-protector-market
No comments:
Post a Comment