Screen Protection Film Market to Witness Revolutionary Growth by 2030 | OtterBox, ZAGG Inc., 3M, etc. - Digital Journal

2022-07-24 03:44:25 By : Ms. Joan Yang

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The Global Screen Protection Film market was valued at USD 2159.7 million in 2021 and it is predicted to reach USD 2624.1 million by 2030, rising at a compound annual growth rate (CAGR) of 3.3 % from 2022 to 2030.

New and innovative technologies have gained a lot of traction and attention among consumers in the smartphone sector. Gaming-oriented phones that demand haptic responses to work when the phone’s touch screen is constantly treated are becoming more common. Smartphone screen protectors are predicted to increase at a significant rate in the next years after the outbreak of the COVID 19 pandemic, as the abrupt emergence of the COVID-19 epidemic prompted the establishment of strict lockdown laws in numerous countries, causing delays in the import and export of Screen Protective Film.

A screen protective film is a layer of protective film applied to an electronic product’s screen surface to prevent scratches, wear, or contamination. Mobile phones and tablets now have a lot of screen protector films on them. Screen Protective Film has been increasingly popular, especially since the introduction of clever mobile phones.

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SEGMENT OUTLOOK: By Material Type: The segment is dominated by tempered glass. Smartphone side frames are becoming thinner and larger, increasing the likelihood of the front glass being smashed following a fall. As a result, screen protector manufacturers are quickly improving their products, leading to the development of tempered glass screen protectors. The advantages of using glass over Polyethylene and Thermoplastic Polyurethane can be linked to the segment’s rise. Scratches and high-impact damage are better protected by glass.

From 2022 to 2030, the thermoplastic polyurethane category is expected to grow at a fastest CAGR. The fact that this type of screen protector is resistant to scratches, oil accumulation, and grease is one of the advantages of utilizing it. The screen protector’s elasticity also allows it to self-heal, which is important when utilizing these types of screen protectors. Because of the material’s physicochemical properties, these screen protectors are suitable for curved displays and in-screen fingerprints, both of which are becoming more frequent in modern devices. They frequently also have full-screen protection.

By Application Outlook: Based on this Mobile phones dominates this segment. The demand for screen protective coatings is increasing as people become more concerned about the security of their smartphones’ screens. Because of the surge in population purchasing power, practically everyone now owns a smartphone, which is the most accident-prone device. The screen on a mobile phone is the most susceptible to damage. This has increased the need for screen protector film. The demand for the automotive segment is expected to be on the second position of the global market in 2021. An increase in demand for passenger and luxury vehicles will increase demand in the automotive sector and as result, it will increase the high adoption of paint protective film (PPF) to protect the exterior of the electronics device from harsh environments, chemicals, water, and other fluids.

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By Regional Outlook: In 2021, Asia Pacific had the highest revenue share and it is predicted to grow at the fastest rate. Increased smartphone sales, particularly in emerging economies such as India and China, are expected to propel the industry forward. The increased demand for smartphones created by Chinese companies such as Xiaomi Inc. and Oppo Electronics Corp, for example, is expected to drive product growth. Over the projected period, demand is expected to be driven by the entrance of low-cost screen protector manufacturers, particularly in the Asia Pacific region.

From 2022 to 2030, North America is predicted to grow at a fastest CAGR. North America is predicted to grow during the forecast period, owing to the growing acceptance of high-priced smartphones with superior technologies.

By Key Competitors and Market Share Analysis: The global Screen Protective Film Market is predicted to develop significantly due to several encouraging aspects, including rising demand for products as a result of impressive technological advancements and enhanced product designs.

The high cost of smartphones comes with the risk of screen damage, which has boosted screen protector sales in recent years.

The following are some of the major market players operating across the globe:

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Segments Covered in the Report This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this report, Data Lab Forecast has segmented the global Screen Protection Film Market report on the basis of Material Type, Application, and region:

The report segment of the global Screen Protection Film market is as follows: Global Screen Protection Film Market: By Material Type Outlook (Revenue, USD Million, 2021 – 2030)

Global Screen Protection Film Market: By Application Outlook (Revenue, USD Million, 2021 – 2030)

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