Screen Protective Film Market Forecast 2023 - 2031
Report ID : CBI_1308 |
| Published Date:
| Format :
| Base Year: | 2022 |
|---|---|
| CAGR: | 6.3% |
| Forecast Year: | 2023 - 2031 |
| Revenue 2022: | $49,487.28 Mn |
| Revenue 2023: | $52,018.15 Mn |
| Revenue 2031: | $84,729.94 Mn |
Screen Protective Film Market Forecast 2023 - 2031
Market Overview :
Consegic Business Intelligence analyzes that the screen protective film 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.
Market Definition :
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 damage. Screen protective films are typically made of plastic or tempered glass, and they are available in a variety of thicknesses and styles. Screen protective films are important because they can help to extend the life of electronic device 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.
Market Dynamics :
Drivers :
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High demand for smartphones globally aids and promotes the market expansion of screen protective films market growth.
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. Screen protective film is important for smartphones because they are often used in harsh environments. They can also be easily dropped or bumped, which can damage the screen. Screen protective film 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. This has led to an increase in the sales of such products as a preventive measure against screen damage. -
Increasing demand for products owing to remarkable technological development, and improved product designs also drives the market growth.
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. 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. This has led to an increase in the sales of such products as a preventive measure against screen damage. The demand 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 sales of screen protective film.
Restraint :
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The touch sensitivity gets hampered in terms of touch precision even in the case of best quality tempered glass which restraint the market growth.
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 screen protective film on touch sensitivity depends on a variety of factors, including the type of film, its thickness, and how well it is applied. Screen protective films can harm touch sensitivity, especially if they are thick or low-quality. For this reason, the usage of screen protective film impacts touch sensitivity which hampers the market growth.
Opportunities :
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Continuous technological growth in product development is likely to offer a large opportunity for the market over the forecast period.
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. Therefore, a key trend that is opening up the potential for the industry to grow is the advancement in technology. These innovative developments will offer large opportunities for the market over the forecast period.
Screen Protective Film Market Report Coverage :
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 84,729.94 Million |
| CAGR (2023-2031) | 6.3% |
| By Material Type | Tempered Glass, PET, and Others |
| By Application | Mobile Phones, Tablets, Laptops, and Watches |
| By 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 |
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Download Sample ReportMarket Segmentation :
By Material Type :
The material type segment is categorized into tempered glass, pet, and others. In 2022, the tempered glass segment accounted for the highest market share of 57.68% in the screen protective film market. Moreover, it is expected to increase at the fastest CAGR over the forecast period. 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. Moreover, several manufacturers are developing innovative and strong glasses to protect phones from damage. 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.
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Download Sample ReportBy Application :
The application segment is categorized into mobile phones, tablets, laptops, and watches. In 2022, the mobile phones segment accounted for the highest market share in the overall screen protective film market. 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 growth 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 factor has generated demand for screen protective film.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regional Growth Insights
Download Sample ReportIn 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. The major factor for the regional development is increasing demand for the product in mobile phones and tablets as well as other electronic devices. 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. 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 industry expansion. 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. Several brands have manufactured protective screens with antimicrobial coatings that help inhibit the development of bacteria and viruses on the device's surface.
Details Countries Growth Insights
Download Sample ReportScreen Protective Film Market Competitive Landscape:
The screen-protective film market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong product capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. 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-
Recent Developments :
- In February 2023, Belkin International, Inc. introduced the ‘ScreenForce TrueClear Curve' screen protectors of the Samsung Galaxy S23 series. By obtaining Samsung's approval, Belkin's screen protectors for the Galaxy S23 series are recognized as authorized accessories for these devices.
- In March 2021, InvisibleShield released two screen protectors for the iPhone 12 family, both of which are made of an innovative material known as D3O. It's a type of non-Newtonian fluid, according to the organization.
Frequently Asked Question
What was the market size of the screen protective film industry in 2022?+
In 2022, the market size of screen protective film was USD 49,487.28 million.
What will be the potential market valuation for the screen protective film industry by 2031?+
In 2031, the market size of screen protective film will be expected to reach USD 84,729.94 million.
What are the key factors driving the growth of the screen protective film market?+
Increasing demand for screen protective film owing to remarkable technological development drives the market growth.
What is the dominating segment in the screen protective film market by Material Type?+
In 2022, Tempered Glass accounted for the highest market share of 57.68% in the overall screen protective film market.
Based on current market trends and future predictions, which geographical region is the dominating region in the screen protective film market?+
North America accounted for the highest market share in the overall screen protective film market.
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