Usage-Based Insurance (UBI) Market
Usage-Based Insurance (UBI) Market - Global Industry Assessment & Forecast
#
Pages:
145
Base Year:
2022
Jun - 2022
Format:
Report Code:
VMR-1658
Segments Covered
By
Package PHYD, PAYD
-
By
Technology OBD-II, Smartphone, Black Box, Embedded Telematics
-
By
Vehicle Type Passenger Vehicle, Commercial Vehicle
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 22.79 Billion |
 Revenue 2030:
|
USD 150.45 Billion |
 Revenue CAGR
(2023 - 2030): |
26.60% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Usage-Based Insurance (UBI) Market Segment Analysis
- Usage-Based Insurance (UBI) Package Outlook (Revenue, USD Million, 2018 - 2030)
- PHYD
- PAYD
- Usage-Based Insurance (UBI) Technology Outlook (Revenue, USD Million, 2018 - 2030)
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Usage-Based Insurance (UBI) Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- Passenger Vehicle
- Commercial Vehicle
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
-
North America Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
-
North America Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- U.S.
- U.S. Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- U.S. Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- U.S. Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- U.S. Usage-Based Insurance (UBI) Market, by Package
- Canada
- Canada Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Canada Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Canada Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Canada Usage-Based Insurance (UBI) Market, by Package
-
Mexico
- Mexico Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Mexico Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Mexico Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Mexico Usage-Based Insurance (UBI) Market, by Package
-
North America Usage-Based Insurance (UBI) Market, by Package
- Europe
-
Europe Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
-
Europe Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
-
Europe Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- U. K.
- U.K. Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- U.K. Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- U.K. Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- U.K. Usage-Based Insurance (UBI) Market, by Package
- France
- France Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- France Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- France Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- France Usage-Based Insurance (UBI) Market, by Package
-
Germany
- Germany Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Germany Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Germany Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Germany Usage-Based Insurance (UBI) Market, by Package
-
Italy
- Italy Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Italy Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Italy Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Italy Usage-Based Insurance (UBI) Market, by Package
-
Spain
- Spain Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Spain Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Spain Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Spain Usage-Based Insurance (UBI) Market, by Package
-
Rest of Europe
- Rest of Europe Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Rest of Europe Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Rest of Europe Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Rest of Europe Usage-Based Insurance (UBI) Market, by Package
-
Europe Usage-Based Insurance (UBI) Market, by Package
- Asia Pacific
-
Asia Pacific Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
-
Asia Pacific Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
-
Asia Pacific Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- China
- China Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- China Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- China Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- China Usage-Based Insurance (UBI) Market, by Package
- Japan
- Japan Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Japan Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Japan Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Japan Usage-Based Insurance (UBI) Market, by Package
-
Germany
- Germany Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Germany Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Germany Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Germany Usage-Based Insurance (UBI) Market, by Package
-
India
- India Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- India Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- India Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- India Usage-Based Insurance (UBI) Market, by Package
-
South Korea
- South Korea Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- South Korea Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- South Korea Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- South Korea Usage-Based Insurance (UBI) Market, by Package
-
South East Asia
- South East Asia Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- South East Asia Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- South East Asia Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- South East Asia Usage-Based Insurance (UBI) Market, by Package
-
Rest of Asia Pacific
- Rest of Asia Pacific Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Rest of Asia Pacific Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Rest of Asia Pacific Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Rest of Asia Pacific Usage-Based Insurance (UBI) Market, by Package
-
Asia Pacific Usage-Based Insurance (UBI) Market, by Package
- Latin America
-
Latin America Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
-
Latin America Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
-
Latin America Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Brazil
- Brazil Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Brazil Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Brazil Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Brazil Usage-Based Insurance (UBI) Market, by Package
- Argentina
- Argentina Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Argentina Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Argentina Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Argentina Usage-Based Insurance (UBI) Market, by Package
-
Rest of Latin America
- Rest of Latin America Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Rest of Latin America Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Rest of Latin America Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Rest of Latin America Usage-Based Insurance (UBI) Market, by Package
-
Latin America Usage-Based Insurance (UBI) Market, by Package
- Middle East & Africa
-
Middle East & Africa Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
-
Middle East & Africa Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
-
Middle East & Africa Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- GCC Countries
- GCC Countries Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- GCC Countries Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- GCC Countries Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- GCC Countries Usage-Based Insurance (UBI) Market, by Package
- South Africa
- South Africa Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- South Africa Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- South Africa Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- South Africa Usage-Based Insurance (UBI) Market, by Package
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, by Package
- PHYD
- PAYD
- Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, by Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Rest of Middle East & Africa Usage-Based Insurance (UBI) Market, by Package
-
Middle East & Africa Usage-Based Insurance (UBI) Market, by Package
- North America
Vantage Market
Research | 16-Jun-2022
FAQ
Frequently Asked Question
What is the global demand for Usage-Based Insurance (UBI) in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 26.60% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Usage-Based Insurance (UBI) include
- Increasing adoption of telematics and connected cars
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Usage-Based Insurance (UBI) in 2022.
