Id: CBI_1308 | Pages: 223 | Format : PDF | Published : | Author : Amit Sati | Category : Consumer Goods
Consegic Business Intelligence analyzes that the Global Screen Protective Film Market Size market is growing with a CAGR of 6.3% during the forecast period (2023-2031), and the market is projected to be valued at USD 84,729.94 Million by 2031 and USD 52,018.15 Million in 2023 from USD 49,487.28 Million in 2022.
A screen protective film is a thin, transparent layer of material that is applied to the screen of an electronic device to protect it from scratches, smudges, and other physical damage. They are typically made of plastic(polyurethane) or laminated tempered glass, and they are available in a variety of thicknesses and styles. They are important because they can help to extend the life of electronic devices and keep its screen looking new. They can also help to improve the performance of the device by reducing glare and making it easier to see the screen in bright sunlight. They are available for application in glossy or matte format. The glossy film protectors successfully retain the electronic screen's factory set clarity, while the matte surfaces act as an anti glare guard and allow users to view screens in harsh sunlight. A protector film can be changed as per user convenience after it has been damaged by said scratches.
Screen protective film is a thin layer of material that is applied to the screen of a smartphone to protect it from scratches, smudges, and other damage. Analysis of market trends concludes that the films are important for smartphones because they are often used in harsh environments. They can also be easily dropped or bumped, which can damage the screen. They can help to prevent this damage and keep the smartphone screen looking new.
A large number of individuals use smartphones all across the world. Because of their increasing popularity, a variety of add-on devices have been developed to improve the overall functionality of the smartphone device. One such item is a smartphone screen protector, which, as the name implies, shields the phone's screen against scratches and other forms of damage. Users are growing increasingly cautious about protecting these expensive devices, as any damage to the screen can be costly to repair or replace. The screen protective film market analysis concluded that the development of risk prevention midset has led to an increase in the sales of such products as a preventive measure against screen damage and increase of screen protective film market demand.
Technological development has led to significant advances in screen protective film. New materials have been developed that are stronger, more durable, and more scratch-resistant than traditional materials. For example, tempered glass screen protectors are now widely used on smartphones and other devices because they offer superior protection. Screen protectors are now available with a variety of new features, such as anti-glare, anti-fingerprint, and blue light blocking. The screen protective film market analysis indicated that these features can help to improve the performance and usability of electronic devices. Users are increasingly cautious about protecting expensive devices such as smartphones and tablets, as any damage to the screen can be costly to repair or replace. Assessment of market trends suggest that this phenomenon has led to an increase in the sales of such products as a preventive measure against screen damage. The increasing choice of customers to opt for refurbished and second-hand smartphones is increasing due to their lower costs compared to brand-new devices. As users purchase these devices, they may seek additional protection for the screens, driving the screen protective film market demand.
Screen protective film can hamper touch sensitivity. This is because the film adds a thin layer of material between the finger and the screen. The impact of this film on touch sensitivity depends on a variety of factors, including the type of film, its thickness, and how well it is applied. They can harm touch sensitivity, especially if they are thick or low-quality. For this reason, as their usage impacts touch sensitivity it leads to hampered the market growth.
Continuous technological growth is impacting the screen protective film industry in several ways. New production methods have been developed that allow screen protectors to be manufactured more efficiently and at a lower cost. This has made screen protectors more affordable and accessible to consumers. New materials are being developed that are stronger, more durable, and more scratch-resistant than traditional materials. This emerges as one of many screen protective film market opportunities that drive market expansion. A key trend opening up the potential for the market to blossom is the advancement in technology. These innovative developments will offer large opportunities for the market over the forecast period.
Report Attributes | Report Details |
Study Timeline | 2017-2031 |
Market Size in 2031 | USD 84,729.94 Million |
CAGR (2023-2031) | 6.3% |
Based on the Material Type | Tempered Glass, PET, and Others |
Based on the Application | Mobile Phones, Tablets, Laptops, and Watches |
Based on the Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Players | 3M, Zagg, Otterbox, Belkin, Corning Inc., Spigen Inc., Tech Armor, Zollotech, Nothing Technology Limited, and McMaster-Carr Supply Company |
The material type segment is categorized into tempered glass, pet, and others. In 2022, the tempered glass segment accounted for the highest screen protective film market share of of 57.68% in the market. Moreover, it is expected to increase at the fastest CAGR over the forecast period. Analysis of market trends suggest that tempered glass has gained widespread acceptance among the masses as a mobile phone screen protector because of its outstanding multi-layered and shock-absorbing properties. The application of tempered glass to screens gives them additional protection against impact caused by fall damage or accidents. Additionally, their usage also facilitates seamless user experience by maintaining the screen's touch sensitivity and clarity. Their ease of installation also plays a significant role in the dominance of the segment. Moreover, they help to retain the resell value of any electronic device by protecting its screen from damage form scratches. Ultimately, several manufacturers are developing innovative and strong glasses to protect phones from damage, significantly boosting the screen protective film market growth. For instance, in October 2022, Belkin International, Inc., introduced Apple iPhone 14 series screen protectors and accessories. The ‘TemperedGlass Treated Screen Protector' comes with an easy align tray for proper alignment and bubble-free usage and also has an antimicrobial agent to stop the formation of bacteria and dust.
The application segment is categorized into mobile phones, tablets, laptops, and watches. In 2022, the mobile phones segment accounted for the highest screen protective film market share. Also, it is likely to grow at the fastest CAGR over the forecast period. Increasing concern about screen security in smartphones is creating an increase in demand for screen-protective films. Owing to the rise in the purchasing power of consumers, almost every person has a smartphone and it is the most accident-prone device. The mobile screen is the most exposed part that is susceptible to damage. This phenomenon will prominently drive the screen protective film market growth.
The screen protectors provide many unique benefits like protection from the emission of harmful blue light from smartphone screens that could cause sleep cycle problems. Additionally, they also offer additional privacy filters that can prevent onlookers from peeping at smartphone screens through off angles. Smartphone screen protectors also offer customization options, as they can be bought in various patterns and colors, giving smartphone owners an opportunity to customize devices as per their liking. Moreover, use of biodegradable screen protectors can promote eco-friendly practices among smartphone users, hence leading to the development of the segment in forecasted years.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2022, North America accounted for the highest market share at 37.21% valued at USD 18,414.22 million in 2022, it is expected to reach USD 19,251.92 million in 2023 and USD 30,409.58 million in 2031. In North America, the U.S. accounted for the highest market share of 89.30% during the base year of 2022. Analysis of screen protective film market trends concludes that the major factor for the regional development is increasing demand for the product in mobile phones and tablets as well as other electronic devices. Assessment of market trends suggest that some of the top brands in the U.S. such as Corning Inc., Belkin International, Inc., and others often partner with global smartphone brands such as Apple, Samsung, and Xiaomi to introduce upgraded shockproof protection in films and back covers for smartphones. Consequently, the expansion of the consumer electronic sector is the key factor responsible for fueling the growth of the market in North America. For instance, in January 2023 Corning Inc. partnered with prominent global smartphone manufacturer Samsung Electronics Co., Ltd. for the use of Corning Gorilla Glass Victus's second version in their upcoming Galaxy flagship models.
Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 7.1% during 2023-2031. This is due to the growing smartphone sales, specifically in emerging markets such as India and China, which are likely to fuel market expansion. Analysis of screen protective film market trends showcases that the high demand for smartphones manufactured by Chinese companies such as Xiaomi Inc. and Oppo Electronics Corp can indeed contribute to the development of the smartphone screen protector industry In addition, Asia Pacific has several leading mobile phone and screen protector manufacturers that have a strong focus on research and development leading to the development of advanced products. Several brands have manufactured protective screens with antimicrobial coatings that help inhibit the development of bacteria and viruses on the device's surface.
The screen-protective film market is highly competitive, with several large players and numerous small and mid-ranged enterprises. The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players functioning in it. The companies operating in screen protective film industry have strong product capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. Analysis of market trends concludes that the market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
In 2022, the market size of screen protective film was USD 49,487.28 million.
In 2031, the market size of screen protective film will be expected to reach USD 84,729.94 million.
Increasing demand for screen protective film owing to remarkable technological development drives the market growth.
In 2022, Tempered Glass accounted for the highest market share of 57.68% in the overall screen protective film market.
North America accounted for the highest market share in the overall screen protective film market.