Personal Gadget Insurance Market Size and Growth
The Personal Gadget Insurance market is experiencing robust growth driven by increasing consumer reliance on devices. As of 2023, the market size is estimated at approximately $1.5 billion, with a projected CAGR of 8% through 2030. Key factors influencing this market include rising gadget premiums and heightened theft concerns among users.
Companies Covered
(Covid 19 Impact Covered)
◍ Progressive Casualty Insurance Company
◍ Bolttech
◍ Asurion
◍ Bajaj Allianz General Insurance Company
◍ OneAssist Consumer Solutions Pvt.Ltd
◍ AT&T,Inc.
◍ SquareTrade
◍ Inc.
◍ Worth Ave.Group
The Personal Gadget Insurance Market features key players like Progressive, Bolttech, Asurion, Bajaj Allianz, OneAssist, AT&T, SquareTrade, and Worth Ave. Group, who offer tailored coverage, innovative claims processes, and partnerships with retailers. Their efforts enhance consumer awareness, drive adoption, and contribute to market growth through robust customer engagement strategies.
**Sales Revenue Figures:**
- Asurion: Approximately $10 billion (2022)
- Progressive: Over $34 billion (2022)
- SquareTrade: Estimated $700 million (2021)
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Market Segmentation
By Application
Physical Damage ◍ Theft & Loss Protection ◍ lnternal Component Failure ◍ Others
By Product
◍ Mobile Phones & Tablets
Laptops and PCs
Cameras
Gaming Systems
Others
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Market Growth
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$ X Billion USD
