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Asia Pacific 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: 10247324 | Pages: 134

Asia Pacific Mobile Phone Insurance Market will grow by 13.6% annually with a total addressable market cap of $166.50 billion over 2023-2032, 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 74 tables and 47 figures, this 134-page report “Asia Pacific 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 comprehensive research of the entire Asia Pacific 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 a forecast from 2023 to 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 the 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 Asia Pacific market is forecast in an optimistic, balanced, and conservative view by taking into account COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

 

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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific Market by End User    61
6.1 Market Overview by End User    61
6.2 Personal    63
6.3 Enterprise    64
7 Segmentation of Asia Pacific 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 Asia-Pacific Market 2022-2032 by Country    72
8.1 Overview of Asia-Pacific Market    72
8.2 Japan    75
8.3 China    78
8.4 Australia    80
8.5 India    82
8.6 South Korea    84
8.7 Rest of APAC Region    86
9 Competitive Landscape    88
9.1 Overview of Key Vendors    88
9.2 New Product Launch, Partnership, Investment, and M&A    92
9.3 Company Profiles    93
AIG    93
Allianz Insurance    95
Apple Inc    98
Assurant, Inc.    101
Asurion, LLC    103
At&T Inc.    105
Aviva    109
Better Buy Insurance    111
Brightstar Corp.    112
Gadget Cover    114
Insurance2go    116
Liberty Mutual Insurance Group    117
O2 Mobile Insurance    119
Pier Insurance Managed Services    120
ProtectCELL    121
Protect your Bubble    122
Salt Insurance Services Limited    123
Sunrise Communications AG    124
Swisscom    126
Switched on Insurance    128
Three Ireland (Hutchison) Limited    130
Tinhat    131
Trov, Inc.    132
RELATED REPORTS    134

 

List of Tables:

Table 1. Snapshot of Asia Pacific 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 Asia Pacific Mobile Phone Insurance Market    37
Table 6. Asia Pacific Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    45
Table 7. Asia Pacific Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    52
Table 8. Asia Pacific Mobile Phone Insurance Market by Phone Category, 2022-2032, $ mn    57
Table 9. Asia Pacific Mobile Phone Insurance Market by End User, 2022-2032, $ mn    61
Table 10. Asia Pacific Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    65
Table 11. APAC Mobile Phone Insurance Market by Country, 2022-2032, $ mn    73
Table 12. Japan Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    77
Table 13. Japan Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    77
Table 14. Japan Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    77
Table 15. China Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    79
Table 16. China Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    79
Table 17. China Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    79
Table 18. Australia Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    81
Table 19. Australia Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    81
Table 20. Australia Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    81
Table 21. India Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    83
Table 22. India Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    83
Table 23. India Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    83
Table 24. South Korea Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn    85
Table 25. South Korea Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn    85
Table 26. South Korea Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn    85
Table 27. Mobile Phone Insurance Market in Rest of APAC by Country/Region, 2022-2032, $ mn    87
Table 28. Breakdown of World Market by Key Vendor, 2022, ?
Table 29. AIG: Company Snapshot    93
Table 30. AIG: Business Segmentation    94
Table 31. AIG: Product Portfolio    94
Table 32. Allianz Insurance: Company Snapshot    95
Table 33. Allianz Insurance: Business Segmentation    95
Table 34. Allianz Insurance: Product Portfolio    96
Table 35. Allianz Insurance: Revenue, 2016-2018, $ mn    96
Table 36. Allianz Insurance: Recent Developments    97
Table 37. Apple Inc.: Company Snapshot    98
Table 38. Apple Inc.: Business Segmentation    99
Table 39. Apple Inc.: Product Portfolio    99
Table 40. Apple Inc.: Revenue, 2016-2018, $ mn    100
Table 41. Apple Inc.: Recent Developments    100
Table 42. Assurant, Inc.: Company Snapshot    101
Table 43. Assurant, Inc.: Recent Developments    102
Table 44. Asurion, LLC: Company Snapshot    103
Table 45. Asurion, LLC: Recent Developments    104
Table 46. At&T Inc.: Company Snapshot    105
Table 47. At&T Inc.: Business Segmentation    105
Table 48. At&T Inc.: Product Portfolio    106
Table 49. At&T Inc.: Revenue, 2017-2019, $ bn    106
Table 50. At&T Inc.: Recent Developments    108
Table 51. Aviva: Company Snapshot    109
Table 52. Aviva: Business Segmentation    109
Table 53. Aviva: Revenue, 2016-2018, $ mn    110
Table 54. Aviva: Recent Developments    110
Table 55. Better Buy Insurance: Company Snapshot    111
Table 56. Brightstar Corp.: Company Snapshot    112
Table 57. Brightstar Corp.: Product Portfolio    112
Table 58. Brightstar Corp.: Recent Developments    113
Table 59. Gadget Cover: Company Snapshot    114
Table 60. Insurance2go: Company Snapshot    116
Table 61. Liberty Mutual Insurance Group: Company Snapshot    117
Table 62. Liberty Mutual Insurance Group: Business Segmentation    118
Table 63. Liberty Mutual Insurance Group: Recent Developments    118
Table 64. O2 Mobile Insurance: Company Snapshot    119
Table 65. Pier Insurance Managed Services: Company Snapshot    120
Table 66. ProtectCELL: Company Snapshot    121
Table 67. Protect your Bubble: Company Snapshot    122
Table 68. Salt Insurance Services Limited: Company Snapshot    123
Table 69. Sunrise Communications AG: Company Snapshot    124
Table 70. Swisscom: Company Snapshot    126
Table 71. Switched on Insurance: Company Snapshot    128
Table 72. Three Ireland (Hutchison) Limited: Company Snapshot    130
Table 73. Tinhat: Company Snapshot    131
Table 74. Trov, Inc.: Company Snapshot    132

 

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. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032    17
Figure 4. Asia Pacific 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 Asia Pacific 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 Asia Pacific Mobile Phone Insurance Market    34
Figure 10. Investment Opportunity Analysis    38
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Mobile Phone Insurance Market    41
Figure 12. Breakdown of Asia Pacific Mobile Phone Insurance Market by Coverage, 2022-2032, % of Revenue    46
Figure 13. Asia Pacific Addressable Market Cap in 2023-2032 by Coverage, Value ($ mn) and Share (%)    46
Figure 14. Asia Pacific Mobile Phone Insurance Market by Coverage: Physical Damage, 2022-2032, $ mn    47
Figure 15. Asia Pacific Mobile Phone Insurance Market by Coverage: Internal Component Failure, 2022-2032, $ mn    48
Figure 16. Asia Pacific Mobile Phone Insurance Market by Coverage: Theft & Loss Protection, 2022-2032, $ mn    49
Figure 17. Asia Pacific Mobile Phone Insurance Market by Coverage: Virus & Data Protection, 2022-2032, $ mn    50
Figure 18. Asia Pacific Mobile Phone Insurance Market by Coverage: Other Coverage, 2022-2032, $ mn    51
Figure 19. Breakdown of Asia Pacific Mobile Phone Insurance Market by Phone Type, 2022-2032, % of Sales Revenue    53
Figure 20. Asia Pacific Addressable Market Cap in 2023-2032 by Phone Type, Value ($ mn) and Share (%)    53
Figure 21. Asia Pacific Mobile Phone Insurance Market by Phone Type: Premium Smartphones, 2022-2032, $ mn    54
Figure 22. Asia Pacific Mobile Phone Insurance Market by Phone Type: Mid & High-end Phones, 2022-2032, $ mn    55
Figure 23. Asia Pacific Mobile Phone Insurance Market by Phone Type: Budget Phones, 2022-2032, $ mn    56
Figure 24. Breakdown of Asia Pacific Mobile Phone Insurance Market by Phone Category, 2022-2032, % of Sales Revenue    58
Figure 25. Asia Pacific Addressable Market Cap in 2023-2032 by Phone Category, Value ($ mn) and Share (%)    58
Figure 26. Asia Pacific Mobile Phone Insurance Market by Phone Category: New Phones, 2022-2032, $ mn    59
Figure 27. Asia Pacific Mobile Phone Insurance Market by Phone Category: Refurbished Phones, 2022-2032, $ mn    60
Figure 28. Breakdown of Asia Pacific Mobile Phone Insurance Market by End User, 2022-2032, % of Revenue    62
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by End User, Value ($ mn) and Share (%)    62
Figure 30. Asia Pacific Mobile Phone Insurance Market by End User: Personal, 2022-2032, $ mn    63
Figure 31. Asia Pacific Mobile Phone Insurance Market by End User: Enterprise, 2022-2032, $ mn    64
Figure 32. Breakdown of Asia Pacific Mobile Phone Insurance Market by Distribution Channel, 2022-2032, % of Revenue    66
Figure 33. Asia Pacific Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%)    66
Figure 34. Asia Pacific Mobile Phone Insurance Market by Distribution Channel: Mobile Providers, 2022-2032, $ mn    67
Figure 35. Asia Pacific Mobile Phone Insurance Market by Distribution Channel: Phone OEMs, 2022-2032, $ mn    68
Figure 36. Asia Pacific Mobile Phone Insurance Market by Distribution Channel: Retail Stores, 2022-2032, $ mn    69
Figure 37. Asia Pacific Mobile Phone Insurance Market by Distribution Channel: Online, 2022-2032, $ mn    70
Figure 38. Asia Pacific Mobile Phone Insurance Market by Distribution Channel: Other Channels, 2022-2032, $ mn    71
Figure 39. Breakdown of APAC Mobile Phone Insurance Market by Country, 2022 and 2032, % of Revenue    73
Figure 40. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)    74
Figure 41. Mobile Phone Insurance Market in Japan, 2022-2032, $ mn    76
Figure 42. Mobile Phone Insurance Market in China, 2022-2032, $ mn    78
Figure 43. Mobile Phone Insurance Market in Australia, 2022-2032, $ mn    80
Figure 44. Mobile Phone Insurance Market in India, 2022-2032, $ mn    82
Figure 45. Mobile Phone Insurance Market in South Korea, 2022-2032, $ mn    84
Figure 46. Mobile Phone Insurance Market in Rest of APAC, 2022-2032, $ mn    86
Figure 47. Growth Stage of Asia Pacific Mobile Phone Insurance Industry over the Forecast Period    88
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.)