Automotive Usage Based Insurance Market to Grow at a CAGR of 26.0% to reach US$ 124.02 Billion to 2027

The automotive usage based insurance market was valued at US$ 19.64 billion in 2019 and is expected to reach US$ 124.02 billion by 2027; it is estimated to grow at a CAGR of 26.0% during 2020-2027.

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 the global automotive usage based insurance market is attributed to the presence of large number of automotive OEMs, telematics companies, and insurance companies in the region. Additionally, rising adoption of newer technologies and solutions has pushed the residents to opt for telematics insurance. Moreover, the region is one of the precursors of mobility-as-a-service (MaaS) across the world, and the MaaS market has propelled extensively over the years in the region and is continually witnessing upward trends.

To Get PDF Sample Copy of Report, Click Here -
http://bit.ly/3GFaiS9

Impact of COVID-19 Pandemic on Automotive Usage Based InsuranceMarket

Due to the outbreak of COVID-19, the count of car trips has dropped drastically across the world. Therefore, the drivers and the vehicle owners are seeking for different criteria for making payment of insurance instead of making a flat rate, as the cars have been parked idle in the garages since last few months. Due to reduced trips of vehicles, the usage-based insurance is expected to be adopted highly. Thus, the companies are carefully monitoring the driving behavior because of restrictions imposed to curb the spread of COVID-19. To encourage safe driving in this pandemic situation, the need to measure the user's driving behavior is a must. This pandemic situation would assist in stimulating the use of telematics more in the auto insurance industry..

The Insight Partners Automotive Usage Based Insurance Market Research Report Scenario includes:

• Chapter 1 The report provides qualitative and quantitative trends of the global Automotive Usage Based Insurance Market segmented by deployment, component, solution, application, and geography.
• Chapter 2 The report starts with the key takeaways, highlighting the key trends and outlook of the global Automotive Usage Based Insurance Market.
• Chapter 3 provides the research methodology of the study.
• Chapter 4 provides a brief overview of the Automotive Usage Based Insurance Market landscape. It further provides the segmentation of the market with PEST analysis on global scenarios along with ecosystem analysis and expert opinions.
• Chapter 5 highlights the Automotive Usage Based Insurance Market trends and outlook and the prevailing factors that are driving the market, as well as are deterrents to market growth, along with their impact analysis.
• Chapter 6 discusses the market revenue and forecast, in the global Automotive Usage Based Insurance Market.
• Chapter 7, 8, and 9 discuss the market segmented by deployment, application, and geography across the regions of North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
• Chapter 10 provides the impact of COVID 19 across the regions of North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, and respective countries.
• Chapter 11 provides the industry landscape and highlights the major market events, as well as major market vendors in the ecosystem.
• Chapter 12 provides the detailed profiles of the key companies operating within the Automotive Usage Based Insurance Market. The companies have been profiled based on their key facts, business descriptions, financial overview, SWOT analysis, and key developments.
• Chapter 13, i.e., the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at the global and regional level in our final reports.

Speak To Analysts http://bit.ly/3ucCqEZ

Automotive Usage Based Insurance Market - By Technology Fitted

     Smartphones
     Black Box
     Dongles
     Others

Automotive Usage Based Insurance Market - By Policy Type

Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)

This research provides detailed information regarding the major factors influencing the growth of the Automotive Usage Based Insurance Market at the Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths, and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

Primary Research:

"The Insight Partners" conducts hundreds of primary interviews a year with industry participants and commentators to validate its data and analysis. A typical research interview fulfills the following functions:
• Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape, and Future Outlook
• Validates and Strengthens Secondary Research Findings
• Further Develops the Analysis Team's Expertise and Market Understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

• Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
• Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

Purchase a copy of Automotive Usage Based Insurance Market research report @ - http://bit.ly/3V4Apq0

Contact Us:
If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.