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North America Mobile Phone Insurance Market 2022-2032 by Coverage (Physical Damage, Internal Failure, Theft, Virus), Phone Type (Premium, Mid & High-end, Budget), Phone Category (New, Refurbished), End User (Personal, Enterprise), Distribution Channel (Mobile Providers, OEMs, Retail, Online), and Country: Trend Forecast and Growth Opportunity

Published: 31 Oct 2023 | Report Code: 10247322 | Pages: 128

North America Mobile Phone Insurance Market is projected to grow by 11.0% annually in the forecast period and reach $27.94 billion by 2032, driven by the rising number of mobile users, growing incidents of damages involving unintentional handling damage and virus infection, and the surging cases of phone thefts. Highlighted with 67 tables and 44 figures, this 128-page report “North America Mobile Phone Insurance Market 2022-2032 by Coverage (Physical Damage, Internal Failure, Theft, Virus), Phone Type (Premium, Mid & High-end, Budget), Phone Category (New, Refurbished), End User (Personal, Enterprise), Distribution Channel (Mobile Providers, OEMs, Retail, Online), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America Mobile Phone Insurance Market and all its sub-segments through extensively detailed classifications.

 

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

 

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure 
• Growth Drivers 
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Five Forces

 

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America Mobile Phone Insurance Market in every aspect of the classification from perspectives of Coverage, Phone Type, Phone Category, End User, Distribution Channel, and Country.

 

Based on Coverage, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. 
• Physical Damage
• Internal Component Failure
• Theft & Loss Protection
• Virus & Data Protection
• Other Coverage

 

Based on Phone Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. 
• Premium Smartphones
• Mid & High-end Phones
• Budget Phones

 

By Phone Category, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. 
• New Phones
• Refurbished Phones

 

By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. 
• Personal
• Enterprise

 

By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. 
• Mobile Providers
• Phone OEMs
• Retail Stores  
• Online
• Other Channels

 

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico

 

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Coverage, Phone Type, and Distribution Channel over the forecast years are also included. The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

 

Selected Key Players: 
AIG
Allianz Insurance
Apple Inc
Assurant, Inc.
Asurion, LLC
At&T Inc.
Aviva
Better Buy Insurance
Brightstar Corp.
Gadget Cover
Insurance2go
Liberty Mutual Insurance Group
O2 Mobile Insurance
Pier Insurance Managed Services
ProtectCELL
Protect your Bubble
Salt Insurance Services Limited
Sunrise Communications AG
Swisscom
Switched on Insurance
Three Ireland (Hutchison) Limited
Tinhat
Trov, Inc.

 

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Table of Contents:

1 Introduction    8
1.1 Industry Definition and Research Scope    8
1.1.1 Industry Definition    8
1.1.2 Research Scope    9
1.2 Research Methodology    12
1.2.1 Overview of Market Research Methodology    12
1.2.2 Market Assumption    13
1.2.3 Secondary Data    13
1.2.4 Primary Data    13
1.2.5 Data Filtration and Model Design    14
1.2.6 Market Size/Share Estimation    15
1.2.7 Research Limitations    16
1.3 Executive Summary    17
2 Market Overview and Dynamics    20
2.1 Market Size and Forecast    20
2.1.1 Impact of COVID-19 on World Economy    21
2.1.2 Impact of COVID-19 on the Market    24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery    26
2.2 Major Growth Drivers    30
2.3 Market Restraints and Challenges    34
2.4 Emerging Opportunities and Market Trends    37
2.5 Porter’s Fiver Forces Analysis    41
3 Segmentation of North America Market by Coverage    45
3.1 Market Overview by Coverage    45
3.2 Physical Damage    47
3.3 Internal Component Failure    48
3.4 Theft & Loss Protection    49
3.5 Virus & Data Protection    50
3.6 Other Coverage    51
4 Segmentation of North America Market by Phone Type    52
4.1 Market Overview by Phone Type    52
4.2 Premium Smartphones    54
4.3 Mid & High-end Phones    55
4.4 Budget Phones    56
5 Segmentation of North America Market by Phone Category    57
5.1 Market Overview by Phone Category    57
5.2 New Phones    59
5.3 Refurbished Phones    60
6 Segmentation of North America Market by End User    61
6.1 Market Overview by End User    61
6.2 Personal    63
6.3 Enterprise    64
7 Segmentation of North America Market by Distribution Channel    65
7.1 Market Overview by Distribution Channel    65
7.2 Mobile Providers    67
7.3 Phone OEMs    68
7.4 Retail Stores    69
7.5 Online    70
7.6 Other Channels    71
8 North America Market 2022-2032 by Country    72
8.1 Overview of North America Market    72
8.2 U.S.    75
8.3 Canada    78
8.4 Mexico    80
9 Competitive Landscape    82
9.1 Overview of Key Vendors    82
9.2 New Product Launch, Partnership, Investment, and M&A    86
9.3 Company Profiles    87
AIG    87
Allianz Insurance    89
Apple Inc    92
Assurant, Inc.    95
Asurion, LLC    97
At&T Inc.    99
Aviva    103
Better Buy Insurance    105
Brightstar Corp.    106
Gadget Cover    108
Insurance2go    110
Liberty Mutual Insurance Group    111
O2 Mobile Insurance    113
Pier Insurance Managed Services    114
ProtectCELL    115
Protect your Bubble    116
Salt Insurance Services Limited    117
Sunrise Communications AG    118
Swisscom    120
Switched on Insurance    122
Three Ireland (Hutchison) Limited    124
Tinhat    125
Trov, Inc.    126
RELATED REPORTS    128

 

List of Tables:

Table 1. Snapshot of North America Mobile Phone Insurance Market in Balanced Perspective, 2022-2032    18
Table 2. World Economic Outlook, 2021-2031    22
Table 3. World Economic Outlook, 2021-2023    23
Table 4. Scenarios for Economic Impact of Ukraine Crisis    27
Table 5. Main Product Trends and Market Opportunities in North America Mobile Phone Insurance Market    37
Table 6. North America Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    45
Table 7. North America Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    52
Table 8. North America Mobile Phone Insurance Market by Phone Category, 2022-2032, $ mn    57
Table 9. North America Mobile Phone Insurance Market by End User, 2022-2032, $ mn    61
Table 10. North America Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    65
Table 11. North America Mobile Phone Insurance Market by Country, 2022-2032, $ mn    73
Table 12. U.S. Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    77
Table 13. U.S. Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    77
Table 14. U.S. Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    77
Table 15. Canada Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    79
Table 16. Canada Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    79
Table 17. Canada Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    79
Table 18. Mexico Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    81
Table 19. Mexico Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    81
Table 20. Mexico Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    81
Table 21. Breakdown of World Market by Key Vendor, 2022, ?
Table 22. AIG: Company Snapshot    87
Table 23. AIG: Business Segmentation    88
Table 24. AIG: Product Portfolio    88
Table 25. Allianz Insurance: Company Snapshot    89
Table 26. Allianz Insurance: Business Segmentation    89
Table 27. Allianz Insurance: Product Portfolio    90
Table 28. Allianz Insurance: Revenue, 2016-2018, $ mn    90
Table 29. Allianz Insurance: Recent Developments    91
Table 30. Apple Inc.: Company Snapshot    92
Table 31. Apple Inc.: Business Segmentation    93
Table 32. Apple Inc.: Product Portfolio    93
Table 33. Apple Inc.: Revenue, 2016-2018, $ mn    94
Table 34. Apple Inc.: Recent Developments    94
Table 35. Assurant, Inc.: Company Snapshot    95
Table 36. Assurant, Inc.: Recent Developments    96
Table 37. Asurion, LLC: Company Snapshot    97
Table 38. Asurion, LLC: Recent Developments    98
Table 39. At&T Inc.: Company Snapshot    99
Table 40. At&T Inc.: Business Segmentation    99
Table 41. At&T Inc.: Product Portfolio    100
Table 42. At&T Inc.: Revenue, 2017-2019, $ bn    100
Table 43. At&T Inc.: Recent Developments    102
Table 44. Aviva: Company Snapshot    103
Table 45. Aviva: Business Segmentation    103
Table 46. Aviva: Revenue, 2016-2018, $ mn    104
Table 47. Aviva: Recent Developments    104
Table 48. Better Buy Insurance: Company Snapshot    105
Table 49. Brightstar Corp.: Company Snapshot    106
Table 50. Brightstar Corp.: Product Portfolio    106
Table 51. Brightstar Corp.: Recent Developments    107
Table 52. Gadget Cover: Company Snapshot    108
Table 53. Insurance2go: Company Snapshot    110
Table 54. Liberty Mutual Insurance Group: Company Snapshot    111
Table 55. Liberty Mutual Insurance Group: Business Segmentation    112
Table 56. Liberty Mutual Insurance Group: Recent Developments    112
Table 57. O2 Mobile Insurance: Company Snapshot    113
Table 58. Pier Insurance Managed Services: Company Snapshot    114
Table 59. ProtectCELL: Company Snapshot    115
Table 60. Protect your Bubble: Company Snapshot    116
Table 61. Salt Insurance Services Limited: Company Snapshot    117
Table 62. Sunrise Communications AG: Company Snapshot    118
Table 63. Swisscom: Company Snapshot    120
Table 64. Switched on Insurance: Company Snapshot    122
Table 65. Three Ireland (Hutchison) Limited: Company Snapshot    124
Table 66. Tinhat: Company Snapshot    125
Table 67. Trov, Inc.: Company Snapshot    126

 

List of Figures:

Figure 1. Research Method Flow Chart    12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation    15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032    17
Figure 4. North America Mobile Phone Insurance Market, 2022-2032, $ mn    20
Figure 5. Impact of COVID-19 on Business    24
Figure 6. Primary Drivers and Impact Factors of North America Mobile Phone Insurance Market    30
Figure 7. Forecast of Middle-class Population by Region, 2015-2030, million    33
Figure 8. World Total InsurTech Investment by Year and Grand Total Split by P&C and L&H, 2012-2022, $ million    33
Figure 9. Primary Restraints and Impact Factors of North America Mobile Phone Insurance Market    34
Figure 10. Investment Opportunity Analysis    38
Figure 11. Porter’s Fiver Forces Analysis of North America Mobile Phone Insurance Market    41
Figure 12. Breakdown of North America Mobile Phone Insurance Market by Coverage, 2022-2032, % of Revenue    46
Figure 13. North America Addressable Market Cap in 2023-2032 by Coverage, Value ($ mn) and Share (%)    46
Figure 14. North America Mobile Phone Insurance Market by Coverage: Physical Damage, 2022-2032, $ mn    47
Figure 15. North America Mobile Phone Insurance Market by Coverage: Internal Component Failure, 2022-2032, $ mn    48
Figure 16. North America Mobile Phone Insurance Market by Coverage: Theft & Loss Protection, 2022-2032, $ mn    49
Figure 17. North America Mobile Phone Insurance Market by Coverage: Virus & Data Protection, 2022-2032, $ mn    50
Figure 18. North America Mobile Phone Insurance Market by Coverage: Other Coverage, 2022-2032, $ mn    51
Figure 19. Breakdown of North America Mobile Phone Insurance Market by Phone Type, 2022-2032, % of Sales Revenue    53
Figure 20. North America Addressable Market Cap in 2023-2032 by Phone Type, Value ($ mn) and Share (%)    53
Figure 21. North America Mobile Phone Insurance Market by Phone Type: Premium Smartphones, 2022-2032, $ mn    54
Figure 22. North America Mobile Phone Insurance Market by Phone Type: Mid & High-end Phones, 2022-2032, $ mn    55
Figure 23. North America Mobile Phone Insurance Market by Phone Type: Budget Phones, 2022-2032, $ mn    56
Figure 24. Breakdown of North America Mobile Phone Insurance Market by Phone Category, 2022-2032, % of Sales Revenue    58
Figure 25. North America Addressable Market Cap in 2023-2032 by Phone Category, Value ($ mn) and Share (%)    58
Figure 26. North America Mobile Phone Insurance Market by Phone Category: New Phones, 2022-2032, $ mn    59
Figure 27. North America Mobile Phone Insurance Market by Phone Category: Refurbished Phones, 2022-2032, $ mn    60
Figure 28. Breakdown of North America Mobile Phone Insurance Market by End User, 2022-2032, % of Revenue    62
Figure 29. North America Addressable Market Cap in 2023-2032 by End User, Value ($ mn) and Share (%)    62
Figure 30. North America Mobile Phone Insurance Market by End User: Personal, 2022-2032, $ mn    63
Figure 31. North America Mobile Phone Insurance Market by End User: Enterprise, 2022-2032, $ mn    64
Figure 32. Breakdown of North America Mobile Phone Insurance Market by Distribution Channel, 2022-2032, % of Revenue    66
Figure 33. North America Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%)    66
Figure 34. North America Mobile Phone Insurance Market by Distribution Channel: Mobile Providers, 2022-2032, $ mn    67
Figure 35. North America Mobile Phone Insurance Market by Distribution Channel: Phone OEMs, 2022-2032, $ mn    68
Figure 36. North America Mobile Phone Insurance Market by Distribution Channel: Retail Stores, 2022-2032, $ mn    69
Figure 37. North America Mobile Phone Insurance Market by Distribution Channel: Online, 2022-2032, $ mn    70
Figure 38. North America Mobile Phone Insurance Market by Distribution Channel: Other Channels, 2022-2032, $ mn    71
Figure 39. Breakdown of North America Mobile Phone Insurance Market by Country, 2022 and 2032, % of Revenue    73
Figure 40. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)    74
Figure 41. U.S. Mobile Phone Insurance Market, 2022-2032, $ mn    76
Figure 42. Canada Mobile Phone Insurance Market, 2022-2032, $ mn    78
Figure 43. Mobile Phone Insurance Market in Mexico, 2022-2032, $ mn    80
Figure 44. Growth Stage of North America Mobile Phone Insurance Industry over the Forecast Period    82
Selected Key Players:

AIG
Allianz Insurance
Apple Inc
Assurant, Inc.
Asurion, LLC
At&T Inc.
Aviva
Better Buy Insurance
Brightstar Corp.
Gadget Cover
Insurance2go
Liberty Mutual Insurance Group
O2 Mobile Insurance
Pier Insurance Managed Services
ProtectCELL
Protect your Bubble
Salt Insurance Services Limited
Sunrise Communications AG
Swisscom
Switched on Insurance
Three Ireland (Hutchison) Limited
Tinhat
Trov, Inc.

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)