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Usage-based Insurance (ubi) Market

Usage-Based Insurance (UBI) Market

Usage-Based Insurance (UBI) Market - Global Industry Assessment & Forecast

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Banking Financial Services & Insurance
Number Of Pages # Pages:

145

Base Year:

2022

Date

Jun - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1658

Segments Covered
  • By Package By Package PHYD, PAYD
  • By Technology By Technology OBD-II, Smartphone, Black Box, Embedded Telematics
  • By Vehicle Type By Vehicle Type Passenger Vehicle, Commercial Vehicle
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 22.79 Billion
Revenue 2030Revenue 2030: USD 150.45 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 26.60%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. Premium Insights
    1. Top 3 Trends to Watch
    2. Demand and Supply Trends
    3. Top 3 Strategies Followed by Major Players
    4. Top 3 Predictions by Vantage Market Research
    5. Top Investment Pockets
    6. Insights from Primary Respondents
  3. Global Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. Global Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. Global Usage-Based Insurance (UBI) Market - by Package
      1. By PHYD
      2. By PAYD
    4. Global Usage-Based Insurance (UBI) Market - by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. Global Usage-Based Insurance (UBI) Market - by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. Global Usage-Based Insurance (UBI) Market - by region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    7. Market comparative analysis
  4. North America Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. North America Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. North America Usage-Based Insurance (UBI) Market, by Package
      1. By PHYD
      2. By PAYD
    4. North America Usage-Based Insurance (UBI) Market, by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. North America Usage-Based Insurance (UBI) Market, by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. North America Usage-Based Insurance (UBI) Market, by Country
      1. U.S.
        1. U.S. Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. U.S. Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. U.S. Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      2. Canada
        1. Canada Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Canada Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Canada Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      3. Mexico
        1. Mexico Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Mexico Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Mexico Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
  5. Europe Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. Europe Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. Europe Usage-Based Insurance (UBI) Market, by Package
      1. By PHYD
      2. By PAYD
    4. Europe Usage-Based Insurance (UBI) Market, by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. Europe Usage-Based Insurance (UBI) Market, by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. Europe Usage-Based Insurance (UBI) Market, by Country
      1. Germany
        1. Germany Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Germany Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Germany Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      2. UK
        1. UK Market, By Package
          1. By PHYD
          2. By PAYD
        2. UK Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. UK Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      3. France
        1. France Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. France Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. France Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      4. Spain
        1. Spain Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Spain Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Spain Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      5. Italy
        1. Italy Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Italy Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Italy Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      6. BENELUX
        1. BENELUX Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. BENELUX Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. BENELUX Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      7. Rest of Europe
        1. Rest Of Europe Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Rest Of Europe Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Rest Of Europe Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
  6. Asia Pacific Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. Asia Pacific Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. Asia Pacific Usage-Based Insurance (UBI) Market, by Package
      1. By PHYD
      2. By PAYD
    4. Asia Pacific Usage-Based Insurance (UBI) Market, by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. Asia Pacific Usage-Based Insurance (UBI) Market, by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. Asia Pacific Usage-Based Insurance (UBI) Market, by Country
      1. China
        1. China Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. China Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. China Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      2. Japan
        1. Japan Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Japan Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Japan Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      3. India
        1. India Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. India Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. India Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      4. South Korea
        1. South Korea Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. South Korea Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. South Korea Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      5. South East Asia
        1. South East Asia Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. South East Asia Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. South East Asia Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      6. Rest of Asia Pacific
        1. Rest of Asia Pacific Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Rest of Asia Pacific Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Rest of Asia Pacific Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
  7. Latin America Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. Latin America Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. Latin America Usage-Based Insurance (UBI) Market, by Package
      1. By PHYD
      2. By PAYD
    4. Latin America Usage-Based Insurance (UBI) Market, by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. Latin America Usage-Based Insurance (UBI) Market, by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. Latin America Usage-Based Insurance (UBI) Market, by Country
      1. Brazil
        1. Brazil Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Brazil Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Brazil Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      2. Argentina
        1. Argentina Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Argentina Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Argentina Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      3. Rest of Latin America
        1. Rest of Latin America Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Rest of Latin America Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Rest of Latin America Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
  8. Middle East & Africa Usage-Based Insurance (UBI) Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Usage-Based Insurance (UBI) Market, 2016 - 2028 (USD Million)
    3. Middle East & Africa Usage-Based Insurance (UBI) Market, by Package
      1. By PHYD
      2. By PAYD
    4. Middle East & Africa Usage-Based Insurance (UBI) Market, by Technology
      1. By OBD-II
      2. By Smartphone
      3. By Black Box
      4. By Embedded Telematics
    5. Middle East & Africa Usage-Based Insurance (UBI) Market, by Vehicle Type
      1. By Passenger Vehicle
      2. By Commercial Vehicle
    6. Middle East & Africa Usage-Based Insurance (UBI) Market, by Country
      1. GCC Countries
        1. GCC Countries Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. GCC Countries Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. GCC Countries Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      2. South Africa
        1. South Africa Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. South Africa Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. South Africa Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
      3. Rest of Middle East & Africa
        1. Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, By Package
          1. By PHYD
          2. By PAYD
        2. Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, By Technology
          1. By OBD-II
          2. By Smartphone
          3. By Black Box
          4. By Embedded Telematics
        3. Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, By Vehicle Type
          1. By Passenger Vehicle
          2. By Commercial Vehicle
  9. Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter's Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. Competative Landscape
    1. Competition Matrix - 2021
    2. Company Market Share Analysis - 2021
    3. Key Company Activities, 2018 - 2021
    4. Strategic Developments - Heat Map Analysis
    5. Company Offering Evaluation
    6. Company Regional Presence Evaluation
  13. Company Profiles
    1. Allianz SE
    2. Allstate Insurance Company
    3. ASSICURAZIONI GENERALI S.P.A.
    4. AVIVA PLC
    5. AXA
    6. Cambridge Mobile Telematics
    7. Danlaw Inc.
    8. Desjardins Group
    9. The Box Limited
    10. Intelligent Mechatronic Systems Inc.
    11. Liberty Mutual Insurance
    12. Mapfre S.A.
    13. Metromile Inc.
    14. Nationwide
    15. Octo Technology
    16. Progressive Casualty Insurance Company
    17. Sierra Wireless
    18. State Farm Mutual Automobile Insurance Company
    19. TomTom International BV
    20. UnipolSai Assicurazioni S.P.A.
    21. Verizon Communication Inc.
    22. Vodafone Automotive S.P.A.
    23. Zubie Inc.
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
Vantage Market Research | 16-Jun-2022
Usage-Based Insurance (UBI) Market to Reach Valuation of USD 78.9 Billion by 2028 – Increasing Adoption of Telematics & Connected Cars Drives the Market Boost
FAQ
Frequently Asked Question

  • The global Usage-Based Insurance (UBI) valued at USD 22.79 Billion in 2022 and is expected to reach USD 150.45 Billion in 2030 growing at a CAGR of 26.60%.

  • The prominent players in the market are Allianz SE, Allstate Insurance Company, ASSICURAZIONI GENERALI S.P.A., AVIVA PLC, AXA, Cambridge Mobile Telematics, Danlaw Inc., Desjardins Group, The Box Limited, Intelligent Mechatronic Systems Inc., Liberty Mutual Insurance, Mapfre S.A., Metromile Inc., Nationwide, Octo Technology, Progressive Casualty Insurance Company, Sierra Wireless, State Farm Mutual Automobile Insurance Company, TomTom International BV, UnipolSai Assicurazioni S.P.A., Verizon Communication Inc., Vodafone Automotive S.P.A., Zubie Inc..

  • The market is project to grow at a CAGR of 26.60% between 2023 and 2030.

  • The driving factors of the Usage-Based Insurance (UBI) include

    • Increasing adoption of telematics and connected cars

  • North America was the leading regional segment of the Usage-Based Insurance (UBI) in 2022.

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