Global Automotive Usage-Based Insurance Market 2017-2021

LONDON, March. 9, 2017 /PRNewswire/ -- Usage-Based Insurance

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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.

Technavio's analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 7.93% during the period 2017-2021.

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

Market driver
- Government initiatives encouraging use of telematics.
- For a full, detailed list, view our report

Market challenger
- 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 analyst's time when you purchase this market report. Details are provided within the report.


Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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