Market Size of US Electronic Gadgets Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 19.58 Billion |
| Market Size (2029) | USD 33.81 Billion |
| CAGR (2024 - 2029) | 11.54 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Electronic Gadgets Insurance Market Analysis
The US Electronic Gadgets Insurance Market size is estimated at USD 19.58 billion in 2024, and is expected to reach USD 33.81 billion by 2029, growing at a CAGR of 11.54% during the forecast period (2024-2029).
The electronic gadgets insurance market in the United States is growing due to the rising consumer reliance on electronic devices, increasing device complexity and repair costs, expanding adoption of smartphones and smart devices, and the need for financial protection against accidental damage, theft, and technical malfunctions.
The electronic gadgets insurance market in the United States offers protection against damages, theft, and malfunctions for devices like smartphones, laptops, and tablets. It safeguards financial investments and ensures swift replacements or repairs, reducing disruptions in daily life. Because electronic gadgets have become integral to modern living, making this insurance crucial for maintaining productivity and connectivity. It offers peace of mind by covering unforeseen expenses related to repairs or replacements, promoting convenience and uninterrupted digital experiences for policyholders.
