Mobile Handset Protection Market

By Type;

Carrier Handset Protection, OEM Protection, Direct to Consumer Services and Others

By Material;

Plastic, Glass, Silicone and Leather

By Pricing Model;

One-time Fee, Monthly Fee and Billed by Carrier/OEM

By End User;

Individual Consumers, Businesses and Educational Institutions

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn785184488 Published Date: August, 2025 Updated Date: September, 2025

Mobile Handset Protection Market Overview

Mobile Handset Protection Market (USD Million)

Mobile Handset Protection Market was valued at USD 40,234.40 million in the year 2024. The size of this market is expected to increase to USD 88,945.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12%.


Mobile Handset Protection Market

*Market size in USD million

CAGR 12 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12 %
Market Size (2024)USD 40,234.40 Million
Market Size (2031)USD 88,945.44 Million
Market ConcentrationLow
Report Pages323
40,234.40
2024
88,945.44
2031

Major Players

  • AT&T
  • Intellectual Property
  • SquareTrade, Inc
  • Asurion
  • Liberty Mutual Insurance
  • American International Group, Inc
  • Verizon
  • Sprint.com

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Mobile Handset Protection Market

Fragmented - Highly competitive market without dominant players


The Mobile Handset Protection Market is experiencing strong growth as more consumers prioritize device security and long-term usability. Adoption has risen by over 44%, reflecting the increasing importance of repair, replacement, and theft protection plans. These services are now essential for building trust and extending device life cycles.

Key Drivers Accelerating Growth
Rising demand for cost savings and accident coverage is fueling adoption. Close to 38% of smartphone owners invest in protection plans that cover screen repair, hardware damage, and theft recovery. These services reduce unexpected expenses while improving customer confidence and loyalty.

Advancements Strengthening Market Adoption
Ongoing progress in digital claim management, AI analytics, and mobile app integration is transforming the market. Roughly 50% of protection programs now provide automated claim approvals, broader coverage, and faster resolutions. These upgrades deliver efficiency, accessibility, and reliability to end-users.

Growth Prospects and Industry Outlook
The future of the Mobile Handset Protection Market looks promising with rising investment in digital-first solutions and customer-driven offerings. Nearly 55% of providers are enhancing portfolios with flexible pricing models, premium protection tiers, and eco-friendly repair options. With constant innovation, handset protection will remain a vital part of sustainable smartphone ownership.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By Pricing Model
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Mobile Handset Protection Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Smartphone Adoption Rates
        2. Rising Device Costs and Value Perception
        3. Growing Concerns over Device Security and Data Protection
      2. Restraints
        1. Cost Constraints and Affordability Issues
        2. Complexity in Claim Processing and Customer Service
        3. Market Saturation and Competition
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Integration of Advanced Security Technologies
        3. Partnerships with Mobile Carriers and Device Manufacturers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Mobile Handset Protection Market, By Type, 2021 - 2031 (USD Million)
      1. Carrier Handset Protection
      2. OEM Protection
      3. Direct to Consumer Services
      4. Others
    2. Mobile Handset Protection Market, By Material, 2021 - 2031 (USD Million)
      1. Plastic
      2. Glass
      3. Silicone
      4. Leather
    3. Mobile Handset Protection Market, By Pricing Model, 2021 - 2031 (USD Million)
      1. One-time Fee
      2. Monthly Fee
      3. Billed by Carrier/OEM
    4. Mobile Handset Protection Market, By End User, 2021 - 2031 (USD Million)

      1. Individual Consumers

      2. Businesses

      3. Educational Institutions

    5. Mobile Handset Protection Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Asurion
      2. AppleCare (Apple)
      3. SquareTrade (Allstate)
      4. Samsung Care+
      5. Likewize (formerly Brightstar Corp.)
      6. AKKO
      7. T-Mobile Protection 360 (T-Mobile)
      8. Geek Squad (Best Buy)
      9. Assurant
      10. CPR Cell Phone Repair
      11. Verizon Mobile Protect (Verizon)
      12. AT&T Protection / AT&T Inc.
      13. Pier Insurance Managed Services Ltd.
      14. Safeware
      15. American International Group (AIG)
  7. Analyst Views
  8. Future Outlook of the Market