Plastic Screen Protectors Market to Expand at a CAGR of 6.7%by 2030
According to a report by Reports and Data, the global market for Plastic Screen Protectors market is expected to reach USD 84.43 billion in 2030 with a revenue CAGR of 6.7% over the forecast period. The market growth is attributed to the rise in per capita income and increasing demand for smartphones globally. The adoption of e-services through mobile applications is also expected to drive demand for smartphones and their accessories, including screen protectors.
The rise in per capita income has increased the purchasing power of middle-class consumers in developing countries. This is expected to drive demand for sophisticated handheld devices, such as smartphones, and contribute to the revenue growth of the market. The increasing demand for smartphones globally has led to the rise of numerous smartphone manufacturers working towards selling smartphones at competitive prices. There has also been a significant rise in domestic companies in developing countries providing enhanced features at a feasible price to meet the domestic demand.
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The introduction of new variants of smartphones has led to the rise of new types of smartphone screen protectors, such as 3D screen protectors. The glass segment is expected to account for the largest revenue share due to its durability and flexibility, as well as its environmentally friendly manufacturing process. The 3D segment is expected to register rapid revenue growth over the forecast period due to rising production of phones with curved edges.
The market in the Asia Pacific region is expected to account for steady revenue growth due to the presence of numerous smartphone manufacturers providing cost-effective products. The companies profiled in the report include FeYong Digital Technology Limited, Shenzhen Yoobao Technology Co. Ltd., ZAGG Inc., NLU Products, L.L.C., Belkin International Inc., AZ Infolink Pvt. Ltd., Corning Inc., Nippon Electric Glass Co. Ltd., SCHOTT AG, and Clarivue.
The report segments the global smartphone screen protector market based on product type, material type, thickness, and region. The thickness outlook includes 21 mm, 26 mm, 33 mm, and 48 mm. The regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Smartphone Screen Protector Market: notable innovation
One notable innovation in the smartphone screen protector market is the introduction of 3D screen protectors. With the rise of smartphones featuring curved edges, the demand for 3D screen protectors has increased. Additionally, in December 2021, SCHOTT AG announced the world's first smartphone to feature Xensation alpha, the latest generation of cover glass. This new cover glass offers improved drop resistance compared to other types of cover glass, such as Lithium Aluminosilicate (LAS) and Aluminosilicate (AS). These innovations show how the market is continuously evolving to meet the demands of consumers and improve the functionality and protection of their devices.
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