Press release
Global Automotive Usage-Based Insurance Market Will Hit At CAGR Of 7.93% During Years 2017-2021
About Automotive Usage-Based Insurance Market
The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in automotive UBI. The competition is expected to intensify during the forecast period because of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding their customer base and creating differentiated products through partnerships with insurance companies.
Technavios analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 7.93% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive usage-based insurance market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market.
The market is divided into the following segments based on geography:
APAC
Europe
North America
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Technavio's report, Global Automotive Usage-Based Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Intelligent Mechatronic System
Octo Telematics
Hubio
Sierra Wireless
Other prominent vendors
Baseline Telematics
Masternaut
TomTom Telematics
Market driver
Government initiatives encouraging use of telematics.
For a full, detailed list, view our report
Market challenge
Maintenance of data accuracy for optimum UBI scores.
For a full, detailed list, view our report
Market trend
Shared data plans to reduce number of data subscriptions per user.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Overview: Automotive digital insurance through telematics
Automotive UBI: Market dynamics
Value chain analysis
PART 05: Market landscape
Market overview
Working of automotive UBI
Market size and forecast
Five forces analysis
PART 06: Market segmentation by UBI type
Global automotive UBI market by type
Global automotive app-based UBI market
Global automotive embedded UBI market
PART 07: Geographical segmentation
Segmentation of automotive UBI market by geography
Automotive UBI market in Europe
Automotive UBI market in North America
Automotive UBI market in APAC
PART 08: Market drivers
Government initiatives encouraging use of telematics
Regulations for motor insurance
Growing smartphone usage
Growing demand for embedded telematics solutions
Rising connected car market
Demand for fleet management solutions in logistics sector to push UBI adoption in commercial vehicles
PART 09: Market challenges
Maintenance of data accuracy for optimum UBI scores
Potential for information security breach
Operational issues pertaining to UBI
Lack of standardization in telematics industry
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