Automotive Usage-based Insurance Market by Pricing Scheme, Application, and Geography - Forecast and Analysis 2020-2024

Automotive Usage-based Insurance Market by Pricing Scheme, Application, and Geography - Forecast and Analysis 2020-2024

Global Automotive Usage-Based Insurance Market: About this market

Technavio’s automotive usage-based insurance market analysis considers sales from automotive embedded UBI and automotive app-based UBI applications. Our report also provides a detailed analysis of the market in APAC, Europe, and North America. In 2019, the automotive app-based UBI segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as cost savings will play a significant role in the automotive app-based UBI segment to maintain its market position. Also, our global automotive usage-based insurance market report looks at factors such as flexible pricing schemes, lower number of accidents and vehicle theft possibilities, and growth in smartphone-enabled programs and their usage. However, high installation cost of telematics devices, maintenance of data accuracy for optimum UBI scores, and security issues of telematics in vehicles may hamper the growth of the automotive usage-based insurance industry over the forecast period.

Global Automotive Usage-Based Insurance Market: Overview

Growth in smartphone-enabled programs and their usage

Innovations in connectivity solutions have led the customers to connect their smartphones and tablets with their vehicles’ infotainment systems to access information and for enhanced entertainment experience. Therefore, to cater to the changing consumer demands, OEMs are collaborating with smartphone and tablet manufacturers to provide in-vehicle products and services. This increasing penetration of smartphone-enabled programs will lead to the expansion of the global automotive usage-based insurance market at a CAGR of almost 7% during the forecast period.

Growing LTE data connections in cars to support ethernet adoption

The rising demand for high internet connectivity inside vehicles has led to the development and installation of in-vehicle electronics to support the advanced functions such as ADAS and infotainment systems with ethernet audio video bridging (AVB). The growing demand for improved internet connectivity is encouraging many telecom operators to provide 4G LTE for automotive industry. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global automotive usage-based insurance market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of few major players, the global automotive usage-based insurance market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading automotive usage-based insurance suppliers, that include Allianz SE, AXA Group, Liberty Mutual Holding Co. Inc., OCTO Group Spa, Sierra Wireless Inc., The Progressive Corp., Trak Global Group, Verizon Communications Inc., Vodafone Group Plc, and Watchstone Group Plc

Also, the automotive usage-based insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global financial services market
      • Table Segments of global financial services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 (million units)
      • Table Global market: Year-over-year growth 2020-2024 (%)
      • Table Global market: Size and forecast 2019-2024 ($million)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (million units)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (million units)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (million units)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by pricing scheme
    • Table Pricing scheme - Market share 2019-2024 (%)
    • Comparison by pricing scheme
      • Table Comparison by pricing scheme
    • Pay-how-you-drive (PHYD) - Market size and forecast 2019- 2024
      • Table Pay-how-you-drive (PHYD) - Market size and forecast 2019-2024 (million units)
      • Table Pay-how-you-drive (PHYD) - Year-over-year growth 2020-2024 (%)
    • Pay-as-you-drive (PAYD) - Market size and forecast 2019- 2024
      • Table Pay-as-you-drive (PAYD) - Market size and forecast 2019-2024 (million units)
      • Table Pay-as-you-drive (PAYD) - Year-over-year growth 2020-2024 (%)
    • Manage-how-you-drive (MHYD) - Market size and forecast 2019-2024
      • Table Manage-how-you-drive (MHYD) - Market size and forecast 2019-2024 (million units)
      • Table Manage-how-you-drive (MHYD) - Year-over-year growth 2020-2024 (%)
    • Market opportunity by pricing scheme
      • Table Market opportunity by pricing scheme
  • Market segmentation by application
    • Automotive embedded UBI market
    • Automotive app-based UBI market
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Government initiatives and features
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Shared data plans to reduce the number of data subscriptions per user
    • Big data platforms provided by connected cars to push further developments in UBI
    • Growing LTE data connections in cars to support ethernet adoption
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allianz SE
      • Table Allianz SE - Vendor overview
      • Table Allianz SE - Business segments
      • Table Allianz SE - Organizational developments
      • Table Allianz SE - Segment focus
      • Table Allianz SE - Key offerings
    • AXA Group
      • Table AXA Group - Vendor overview
      • Table AXA Group - Business segments
      • Table AXA Group - Organizational developments
      • Table AXA Group - Geographic focus
      • Table AXA Group - Segment focus
      • Table AXA Group - Key offerings
    • Liberty Mutual Holding Co. Inc.
      • Table Liberty Mutual Holding Co. Inc. - Vendor overview
      • Table Liberty Mutual Holding Co. Inc. - Business segments
      • Table Liberty Mutual Holding Co. Inc. - Organizational developments
      • Table Liberty Mutual Holding Co. Inc. - Segment focus
      • Table Liberty Mutual Holding Co. Inc. - Key offerings
    • OCTO Group Spa
      • Table OCTO Group Spa - Vendor overview
      • Table OCTO Group Spa - Product segments
      • Table OCTO Group Spa - Organizational developments
      • Table OCTO Group Spa - Key offerings
    • Sierra Wireless Inc.
      • Table Sierra Wireless Inc. - Vendor overview
      • Table Sierra Wireless Inc. - Business segments
      • Table Sierra Wireless Inc. - Organizational developments
      • Table Sierra Wireless Inc. - Geographic focus
      • Table Sierra Wireless Inc. - Segment focus
      • Table Sierra Wireless Inc. - Key offerings
    • The Progressive Corp.
      • Table The Progressive Corp. - Vendor overview
      • Table The Progressive Corp. - Business segments
      • Table The Progressive Corp. - Organizational developments
      • Table The Progressive Corp. - Segment focus
      • Table The Progressive Corp. - Key offerings
    • Trak Global Group
      • Table Trak Global Group - Vendor overview
      • Table Trak Global Group - Business segments
      • Table Trak Global Group - Organizational developments
      • Table Trak Global Group - Key offerings
    • Verizon Communications Inc.
      • Table Verizon Communications Inc. - Vendor overview
      • Table Verizon Communications Inc. - Business segments
      • Table Verizon Communications Inc. - Organizational developments
      • Table Verizon Communications Inc. - Segment focus
      • Table Verizon Communications Inc. - Key offerings
    • Vodafone Group Plc
      • Table Vodafone Group Plc - Vendor overview
      • Table Vodafone Group Plc - Business segments
      • Table Vodafone Group Plc - Organizational developments
      • Table Vodafone Group Plc - Geographic focus
      • Table Vodafone Group Plc - Segment focus
      • Table Vodafone Group Plc - Key offerings
    • Watchstone Group Plc
      • Table Watchstone Group Plc - Vendor overview
      • Table Watchstone Group Plc - Business segments
      • Table Watchstone Group Plc - Organizational developments
      • Table Watchstone Group Plc - Geographic focus
      • Table Watchstone Group Plc - Segment focus
      • Table Watchstone Group Plc - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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