Press release
Global Automotive Usage Based Insurance Market Size, Share, Growth |Key players MetaSystems, UnipolSai Assicurazioni, AXA Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service
Automotive Usage Based Insurance Market
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.
Get sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPAT100001345/
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.
The global automotive usage based insurance market for the technology fitted is fragmented into smartphones, black box, dongles, and others. The black box segment is expected to dominate the market in 2027. A black box is a small device that is installed in the customer's car to measure vehicle location, speed, driving frequency, distance travelled, and time of the day or night the vehicle is in motion. Further, other driving behaviors can also be measured which includes monitoring braking, and cornering. This helps in building a comprehensive profile of the driver. The data gathered on driving behaviors provides information on how safe the driving pattern is. This information is then converted into a score that is used by the car insurance provider for creating a customized premium for the driver. Also, an insurance provider can reward a driver securing high score with a lower premium rate. However, issues related to data privacy is a major concern among customers. Sharing personally identifiable information of customers gathered from black boxes with third parties such as law enforcement agencies or banks may result in invasion of privacy. This may hinder the market growth to certain extent.
The report segments the Global Automotive Usage Based Insurance Market as follows:
Global Automotive UBI Market - By Technology Fitted
Smartphones
Black Box
Dongles
Others
Global Automotive UBI Market - By Policy Type
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Global Automotive UBI Market - By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
UK
Rest of Europe
Asia Pacific (APAC)
Australia
China
Singapore
Rest of Asia-Pacific
Buy Now This Report at: https://www.theinsightpartners.com/buy/TIPAT100001345/
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Usage Based Insurance Market Size, Share, Growth |Key players MetaSystems, UnipolSai Assicurazioni, AXA Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service here
News-ID: 1775368 • Views: …
More Releases from The Insight Partners
Calcium Carbide Industry Advances with Strategic Expansions, Sustainable Innovat …
The Calcium Carbide Industry is experiencing a period of strategic evolution, driven by robust industrial demand, technological innovation, and regulatory shifts shaping production and applications across global markets. As a critical industrial chemical, calcium carbide continues to play an indispensable role in sectors such as metallurgy, chemicals, welding, and infrastructure development, with recent developments underscoring the industry's dynamic growth trajectory.
Check valuable insights in the Calcium Carbide Market report. You can…
Cytiva Pioneers Next-Generation Chromatography Resin Advancements for Biopharma …
United States of America - January 09, 2025 - According to The Insight Partners, The Chromatography Resin Market size is expected to reach US$ 4,224 million by 2031. The market is anticipated to register a CAGR of 7.3% during 2025-2031. Cytiva (Danaher Corporation) today announced breakthrough innovations in chromatography resin technology, designed to streamline purification processes for pharmaceutical and biotechnology companies worldwide. This development addresses key challenges in bioprocessing, enhancing…
Cardiopulmonary Exercise Testing Market Poised for Steady Expansion Through 2031 …
United States of America - January 09, 2025 - According to The Insight Partners, The Cardiopulmonary Exercise Testing Market is expected to register a CAGR of 7.33% from 2025 to 2031. The Cardiopulmonary Exercise Testing market continues to gain momentum as healthcare providers worldwide prioritize advanced diagnostic tools for cardiovascular and pulmonary conditions. This non-invasive testing method, often referred to as cardiopulmonary exercise testing (CPET), evaluates heart and lung performance…
Global Medical Robots Market Poised for Transformational Growth Through 2033
The Medical Robots Market continues to redefine modern healthcare delivery, driven by rapid technological advancements, expansion of minimally invasive surgical procedures, and growing adoption of autonomous support systems in clinical settings. As medical robotics technology evolves, the industry is experiencing heightened interest from hospitals, surgical centers, and healthcare innovators seeking to improve precision, reduce errors and transform patient outcomes.
Recent industry developments - including expanded robotics research units and novel product…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
