Press Release
Rising Demand Secures the Future: Mobile Phone Insurance Market to Top $94.6B by 2032
Pune, December 4, 2025 – Global Data Route Analytics announces the release of its comprehensive report titled "Mobile Phone Insurance Market Size, Share, Growth, Forecast, By Mobile Phone Type (Budget Phones, Mid & High-end Phones, Premium Smartphones), By Coverage Type (Physical Damage, Internal Component Failure, Theft & Loss Protection) – 2025 to 2032." The global mobile phone insurance industry is projected to reach approximately USD 34.76 billion in 2024, and is expected to surpass USD 94.65 billion by 2032, signaling substantial growth amid increasing mobile device adoption and rising demand for protection.
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https://globaldatarouteanalytics.com/report/190/mobile-phone-insurance-market/download
With a CAGR of around 13.3% from 2025 to 2032, the market is expanding steadily due to growing consumer awareness, rising smartphone costs, and the necessity for protection against accidental damage, theft, or loss. Technological innovations such as digital claims processing, customized policies, and integration with service providers are reshaping user experience and opening new opportunities for insurers and ecosystem partners.
The report segments the market in detail:
• By Coverage Type: Physical Damage, Internal Component Failure, Theft and Loss Protection, Liquid Damage, Virus & Malware Protection, Data Recovery
• By Phone Type: New Phones, Refurbished Phones
• By Distribution Channel: Mobile Operators, OEMs, Retail Stores, Online Channels, Third-party Insurance Providers
• By End User: Individual Consumers, Enterprises
• By Region: North America (U.S., Canada), Europe (UK, Germany, France, RoE), Asia-Pacific (China, India, Japan, South Korea, Australia, RoAPAC), Latin America (Brazil, Mexico, RoLA), Middle East & Africa (Saudi Arabia, UAE, South Africa, RoMEA)
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The report also profiles key industry players such as Apple, Samsung, Asurion, Allianz, AIG, Brightstar, Telefónica, T-Mobile, Xiaomi, Bajaj Allianz, OneAssist, Chubb, AXA, CPP Group, Zurich, among others, providing strategic insights into their offerings and market positions.
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About the Company
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics
