Usage-Based Insurance (UBI) Market

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

Banking Financial Services & Insurance

# 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

Standard License

$ 4299 USD

Multi User License

$ 6599 USD

Enterprise License

$ 6999 USD

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

Executive Dashboard
1. Strategic Imperatives
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
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
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
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
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
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
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
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
COVID 19 Impact Analysis
1. Key strategies undertaken by companies to tackle COVID-19
2. Short term dynamics
3. Long term dynamics
Marketing Stratagy Analysis
1. Marketing Channel
2. Direct Marketing
3. Indirect Marketing
4. Marketing Channel Development Trends
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
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.
Key Primary Respondents - VERBATIM
Discussion Guide
Customization Offered
Annexure
List of Figures
List of Tables
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

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.

Usage-Based Insurance (UBI) Market

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

Banking Financial Services & Insurance

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Usage-Based Insurance (UBI) in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

Quick Links

For Buying Inquiry

Usage-Based Insurance (UBI) Market

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

Banking Financial Services & Insurance

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Usage-Based Insurance (UBI) in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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