Automotive Usage Based Insurance Market Size, Scope, and Share by 2031
Automotive Usage Based Insurance Market: Strategic Insights
Automotive Usage Based Insurance Market
-
CAGR (2023 - 2031)21.1% -
Market Size 2023
US$ 52.1 Billion -
Market Size 2031
US$ 240.8 Billion
Market Dynamics
GROWTH DRIVERS
- Adoption of Mobility-as-a-Service (MaaS)
FUTURE TRENDS
- Advanced telematics technologies to accentuate the demand of UBI and wide variety of insurance pemium
OPPORTUNITIES
- Increasing Partnerships among Telematics Companies and Insurance Companies
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology Fitted
- Smartphones
- Black Box
- Dongles
Policy Type
- Pay-As-You-Drive
- Pay-How-You-Drive