PUBLISHER: Grand View Research | PRODUCT CODE: 1321413
PUBLISHER: Grand View Research | PRODUCT CODE: 1321413
The global smartphone screen protector market size is expected to reach USD 84.96 billion by 2030, expanding at 6.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for smartphone screen protectors is projected to be influenced by rising concerns about the safety of smartphones from screen damage caused by high-impact drops and scratches over the forecast period.
A large number of individuals use smartphones all across the world. Because of their increasing popularity, a variety of add-on devices have been developed to improve the overall functionality of the smartphone device. One such item is a smartphone screen protector, which, as the name implies, shields the phone's screen against scratches and other forms of damage. In the coming years, technological improvements in product development, such as the increased use of 3D technology, which improves user experience, are expected to provide profitable prospects for smartphone screen protector makers.
Due to its superior risk-reduction capabilities, tempered glass has become the most used material for product manufacturing. Furthermore, with changing consumer preferences, the smartphone screen protector industry is expected to evolve dramatically. Furthermore, the worldwide market is expected to develop due to improved adhesive characteristics and lower pricing for tempered glass screen protectors over the forecast period.
Mid-range price screen protector segment is expected to register a CAGR of 7.4% from 2023 to 2030. Over the projected period, the introduction of low-cost premium technology items, mainly in developing economies such as India, China, and Brazil, is likely to boost growth. Furthermore, consumers are projected to demand more tempered glass screen protectors as the price of these protectors falls.
The smartphone screen protector industry is consolidated with the presence of a large number of international players and a few regional players, such as IntelliARMOR; AZ Infolink Private Limited; Halloa Enterprise Co. Ltd.; ZAGG Inc.; Belkin International, Inc.; Corning Inc.; Ryan Technology Co. Ltd.; NuShield Inc.; Xtreme Guard; Free S.speed International Co., Ltd.; Clarivue, Jiizii Glass; Protek, FeYong Digital Technology Limited; and Shenzhen Yoobao Technology Co. Ltd.