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Global Automotive Usage-Based Insurance Market to grow at a CAGR of 7.93% Over period 2017-2021

Press Release   •   Jan 13, 2017 04:57 EST

About Automotive Usage-Based Insurance

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

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

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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?

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

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