Market Overview

Global Automotive Telematics Insurance Market 2018-2022 - Growing Focus on Safe Driving Habits and Vehicle Health Management - ResearchAndMarkets.com

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The "Global
Automotive Telematics Insurance Market: Focus on Usage-based Insurance
(UBI), Smartphone, Hardwired, OBD, Aftermarket, OEM Fitment, Supply
Chain, Passenger Vehicle, and Commercial Vehicle - Analysis and
Forecast, 2018-2022"
report has been added to ResearchAndMarkets.com's
offering.

The global volumes of automotive vehicles are expected to grow at a CAGR
of 3% during the forecast period.

The global parked vehicle volume is one of the keys to analyze the
global potential of the automotive telematics insurance market. The
following figure depicts the recorded volume for 2016 and 2017 and
expected volume for the forecast 2018-2022. The global parked vehicle
volume is expected to increase at a sustained growth rate. A high
gradient for Passenger Vehicle (PV) indicates higher growth as compared
to Commercial Vehicle (CV).

In 2017, the global automotive telematics insurance market volume was
estimated 24.7 million units, which is expected to reach 169.8 million
units by 2022. Factors owing to this growth are an increase in the
availability of digital technology, growing safety concerns related to
driving behavior, and an increase in the competition in the automotive
insurance market, among others. The estimated CAGR for the forecast
period 2018-2022 is 37.20%.

The market estimation considers a detailed, in-depth analysis of factors
impacting various regional markets and industrial trends. The highest
growth period is 2017-2019, and the estimated cumulative growth rate for
the period would be ~245%, which is led by the surge in the number of
new market entrants and automotive telematics insurance product launches.

Market Dynamics

Market Drivers

  • High Customer Engagement through UBI Platform
  • UBI Offers Better Pricing and Feature Flexibility for End Users
  • Growing Number of Fraud Claims and Increasing Insurance Premiums

Market Restraints

  • Data Management and Security
  • Automotive Insurance Market Resistance toward Digital Solution
  • Automotive telematics insurance Market has a low penetration
  • Myths about Automotive Telematics Insurance

Market Opportunities

  • Growth in Autonomous Driving Systems
  • Growing Focus on Safe Driving Habits and Vehicle Health Management

Key Topics Covered:

1. Market Dynamics

2. Competitive Insights

3. Industry Insights

4. Global Automotive Telematics Insurance Market (by Device Type)

5. Global Automotive Telematics Insurance Market (by Distribution
Channels)

6. Global Automotive Telematics Insurance Market (by Vehicle Type)

7. Global Automotive Telematics Insurance Market (by Region)

8. Company Profiles

  • Agero Inc.
  • Amodo Ltd.
  • AXA Group
  • Baseline Telematics
  • CalAmp Corp.
  • Cambridge Mobile Telematics
  • Insure Telematics Solutions
  • Intelligent Mechatronic Systems
  • Octo Telematics Ltd
  • The Floow Limited
  • The Progressive Corporation
  • TomTom
  • Trakm8 Group
  • TrueMotion Inc.
  • Verizon Communications, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/m9s4t2/global_automotive?w=4

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