What is 5G Mobile Phone Insurance Market Scope?
5G network was introduced in 2016 across the United States; thereafter several players are rushing to launch 5G smartphones in the market. The demand for 5G smartphones is significant among consumers. However, the cost of the phone is high, thereby; theft or other accident risks could pose a major financial burden on the user. Therefore, insurance coverage is getting more important among the 5G mobile users.
Influencing Trend:
Premium 5G Phones are in More Demand
Market Growth Drivers:
Rapid Development of 5G Technology across the United States and Growing Theft Risks Coupled with Increased Maintenance Cost
Challenges:
Lower Awareness among the Consumers Regarding Insurance Benefits
Restraints:
Warranty Offered by the Companies Could Hamper the Insurance Adoption
Opportunities:
Increasing 5G Smartphone Launches by the Players
The 5G Mobile Phone Insurance market study is being classified, by Application and major geographies with country level break-up.
5G Mobile Phone Insurance market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Allianz Insurance (Germany), AmTrust International Underwriters (Ireland), Assurant (United States), Asurion (United States), Aviva (United Kingdom), Brightstar Corporation (United States), Geek Squad (United States), GoCare Warranty Group (United States), Apple (United States) and AIG (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of United States 5G Mobile Phone Insurance market by Type, Application and Region.
On the basis of geography, the market of 5G Mobile Phone Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 1 Dec. 2020, Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, announced the closing of its acquisition of HYLA Mobile, a leading provider of smartphone software, trade-in and upgrade services. The acquisition further strengthens Assurant’s trade-in and upgrade programs and better positions the company for the upcoming 5G smartphone upgrade cycle.
Key Target Audience
5G Mobile Phone Insurance Companies, 5G Mobile Phone Manufacturers, Regulatory & Government Bodies, Industry Associations, Upstream & Downstream Vendors, End Users and Others
5G Mobile Phone Insurance Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in 5G Mobile Phone Insurance Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in 5G Mobile Phone Insurance industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.