Automotive Usage Based Insurance Market Scope And Analysis

Report Code : TIPAT100001345
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Automotive Usage Based Insurance Market Scope, Analysis, and Trends by 2031

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Automotive Usage Based Insurance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 52.1 Billion
Market Size by 2031	US$ 240.8 Billion
Global CAGR (2023 - 2031)	21.1%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Technology Fitted Smartphones Black Box Dongles By Policy Type Pay-As-You-Drive Pay-How-You-Drive
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Allstate Insurance Company AXA SA Allianz SE Metromile Inc Ingenie Services Limited Liberty Mutual Insurance Company Octo Telematics S p A Sierra Wireless Inc TomTom Telematics BV Vodafone Automotive

Automotive Usage Based Insurance Market News and Recent Developments

The automotive usage based insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for automotive usage based insurance market and strategies:

In January 2022, Otonomo partnered with Audi. This partnership aimed to pilot consumer offerings, ranging from pay-as-you-drive insurance to general vehicle status to first notification of loss.
In September 2021, LexisNexis Risk Solutions signed an agreement with Ford Motor Co. This agreement aimed at ensuring the availability of Ford-connected vehicle data to US auto insurers via the LexisNexis Telematics Exchange.

Automotive Usage Based Insurance Market Report Coverage and Deliverables

The “Automotive Usage Based Insurance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, & country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed Porter’s Five Forces analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles with SWOT analysis