Automotive Usage Based Insurance Market Emerging Technology and Innovations by Top Key Leaders – Vodafone Automotive, Liberty Mutual Insurance Company, Allianz Insurance, TomTom Telematics, Allstate Insurance, Octo Telematics
Automotive Usage Based Insurance Market to 2027 - Global Analysis and forecasts by Technology Fitted (Smartphones, Black Box, and Dongles); and Policy Type (Pay-As-You-Drive and Pay-How-You-Drive)
Global Automotive Usage Based Insurance Market is expected to grow from US$ 15.62 Bn in 2018 to US$ 105.12 Bn in 2027 at a CAGR of 23.6% between 2019 and 2027.
Automotive usage based insurance market is experiencing high growth across the globe, with the increasing adoption of mobility-as-a-service worldwide. Furthermore, the different reward programs offered by insurers is another factor propelling the market growth.
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The report aims to provide an overview of the global automotive usage based insurance market with detailed market segmentation. Also, it analyzes the current automotive usage based insurance market scenario and forecasts the market till 2027. The report covers market dynamics affecting the automotive usage based insurance market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automotive usage based insurance market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the automotive usage based insurance market along with their market strategies. The report also provides PEST for all four regions and SWOT analysis for all company profiled in the report.
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Usage Based Insurance Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The key players profiled in the automotive usage based insurance market report includes Vodafone Automotive, Liberty Mutual Insurance Company, Allianz Insurance, TomTom Telematics, Allstate Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service Ltd., AXA Insurance, UnipolSai Assicurazioni S.p.A., and MetaSystems among others. Several other companies are also functioning in the market which adds substantial revenues in the market year on year.
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The matured markets in global automotive usage based insurance market accounted for the US, Italy and the UK, owing to which North America led the market followed by Europe. The dominance of North America in global automotive usage based insurance market is due to the fact that, the country houses a large number of automotive OEMs, telematics companies, and insurance companies. Additionally, the trend of adoption of newer technologies and solutions is also high in the country, which has pushed the residents to opt for telematics insurance. Moreover, the region is one of the precursors of mobility-as-a-service across the globe, and the MaaS market has propelled extensively over the years in the region and is also continually witnessing upward trends.
Major Factors about the Report:
• Global Automotive Usage Based Insurance Market Overview
• Economic Impact on Market
• Market Competition
• Global Automotive Usage Based Insurance Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Market Effect, Factors, Analysis
• Global Market Forecast
Key Questions Answered in Report:
• What are the key of Automotive Usage Based Insurance Market?
• What are factor which lead this market to next level?
• What are the opportunities to Automotive Usage Based Insurance Market in future?
• What will the market Demand and what will be Growth?
• What are the strengths of the key players?
Table of Contents
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Automotive UBI Market - By Technology Fitted
1.3.2 Global Automotive UBI Market - By Policy Type
1.3.3 Global Automotive UBI Market - By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1.2 Secondary Research
3.1.3 Primary Research
4. AUTOMOTIVE UBI MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America - PEST Analysis
4.3.2 Europe - PEST Analysis
4.3.3 Asia Pacific - PEST Analysis
4.3.4 Rest of World (RoW) - PEST Analysis
5. AUTOMOTIVE UBI MARKET - KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Significant Adoption of Mobility-as-a-Service (MaaS)
5.1.2 Wide Variety of Insurance Premiums is Stimulating the Demand
5.2 KEY MARKET RESTRAINTS
5.2.1 Lack of Telematics Insurance Awareness in Emerging Countries
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Increasing Partnerships among Telematics Companies and Insurance Companies
5.4 FUTURE TRENDS
5.4.1 Advanced Telematics Technologies to Accentuate the Demand of UBI
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
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