Smartphones have quietly become the most valuable personal devices people own today. Beyond communication, they now function as wallets, offices, entertainment hubs, health trackers, and identity vaults. As their role in daily life has expanded, so too has the financial risk associated with damage, loss, or theft. This shift has propelled the mobile phone insurance market from a niche add-on into a rapidly scaling global industry.
According to BIS Research, the global mobile phone insurance market was valued at $41.15 billion in 2024 and is projected to reach $126.24 billion by 2035, reflecting the growing need to protect increasingly expensive and indispensable devices.











