The mobile phone insurance market is experiencing significant growth due to increased smartphone adoption and a need for device protection. This market is projected to grow from USD 37.63 billion in 2025 to USD 85.27 billion by 2032, with a CAGR of 11.5%. This expansion is fueled by the demand for affordable plans and advancements in claim technology. The increasing popularity of customized insurance products is also a key driver, highlighting the importance of market analysis for business strategy.