March 02, 2021
According to the research report titled ‘Global Anti-radiation Devices for Cell Phones Market Size study, by Type (Chip, Sticker, Case, Others), by Distribution Channel (Online, Offline) and Regional Forecasts 2020-2027’, available with Market Study Report, global anti-radiation devices for cell phones market amassed USD 224 million in 2019 and is expected to reach USD 400 million valuation by the end of the forecast period 2020-2027, registering 7.5% CAGR throughout.
Rising cognizance regarding harmful effects of long-term exposure to radiation, along with growing penetration of smartphones in developing and developed economies are primarily stimulating global anti-radiation devices for cell phones market growth. Moreover, initiatives by government authorities to spread awareness about ill-effects of electromagnetic waves is also contributing to the overall market outlook.
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As per Statista, smartphone shipments across the globe totaled to around 1.6 billion units in 2017, reflecting a rise of 7.17% from 2014 when 1.3 billion smartphones were shipped.
For those unfamiliar, anti-radiation systems for cell phones are used in a number of electronic devices to minimize the radiation effect on the human body. Cell phones emit electromagnetic waves, which are toxic. The adverse health effects on humans from the increasing use of cell phones have been observed worldwide, thus anti-radiation device helps to minimize the exposure that can cause cancer.
Despite the favorable business scenario, the electronic & semiconductor industry has been adversely affected by the outbreak of COVID-19 as production activities are temporarily suspended due to the lockdown imposed by the government, which has led to the shortage of raw materials and resulted in slowdown in production, hence plummeting global anti-radiation devices for cell phones market revenues.
Considering the regional landscape, North America currently holds significant portion of global anti-radiation devices for cell phones market share, creditable to presence of new technology-based solution providers, and shifting preference towards purchasing anti-radiation chips and cases for cell phones.
Meanwhile, Asia Pacific industry is expected to amass massive profits over the coming years, owing to advent of 5G technology, and proliferation of smartphones.
Major contenders in global anti-radiation devices for cell phones market sphere are Waves Protect Corp., Syenergy Environics Limited, SafeSleeve LLC, RF Safe Corporation, RadiArmor, DefenderShield, Cellsafe Biotech Group, American Aires Inc., and Penumbra Brands Inc.