DUBLIN--(BUSINESS WIRE)--The "North America Automotive Usage - Based Insurance Market to 2027 - Regional Analysis and Forecasts by Technology Fitted; and Policy Type" report has been added to ResearchAndMarkets.com's offering.
The North America Automotive UBI market accounted for US$ 7.24 Bn in 2018 and is expected to grow at a CAGR of 2.8% over the forecast period 2019-2027, to account for US$ 44.45 Bn in 2027.
The Increase in Acceptance of Mobility-as-a-Service (MaaS) is the key driver that is propelling the growth of the automotive UBI market. Moreover, the increase in collaborations among telematics companies and insurance companies is expected to boost the automotive UBI market growth in the forecast period. The automotive UBI market is maturing substantially over the years in the countries, namely the US and Canada.
The insurance companies offering telematics insurance is constantly leveraging on various factors to enhance the solutions and deliver their customers with better schemes. One of the significant trends in the UBI market is the increasing number of partnerships among telematics companies and insurance companies.
These partnerships are nourishing the UBI ecosystems in various countries, and the same trend is anticipated to increase the market size in the coming years. For instance, Ana Seguros and Octo Telematics partnered to launch Mexico's first UBI program. This partnership is expected to facilitate the vehicle owners to ensure their vehicles as per their demands. Further, the automotive UBI market players are focusing on various initiatives to enhance their capabilities and boost its position in the market.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Automotive UBI Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 North America - PEST Analysis
5. Automotive UBI Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increase in Acceptance of Mobility-as-a-Service (MaaS)
5.2 Key Market Restraints
5.2.1 Less Awareness about Telematics Insurance in Developing Countries
5.3 Key Market Opportunities
5.3.1 Increase in Collaborations among Telematics Companies and Insurance Companies
5.4 Future trends
5.4.1 Technological Advancements in Telematics to Emphasize the Demand of UBI
5.5 Impact Analysis of Drivers and Restraints
6. Automotive UBI - North America Market Analysis
6.1 North America Automotive UBI Market Overview
6.2 North America Automotive UBI Market Forecast and Analysis
7. North America Automotive UBI Market Revenue And Forecasts To 2027 -Technology Fitted
7.2 North America Technology Fitted Market Forecasts and analysis
7.4 Black Box
8. North America Automotive UBI Market Revenue And Forecasts To 2027 - By Policy Type
8.2 North America Policy type Market Forecasts and Analysis
8.3 Pay-as-you-Drive (PAYD)
8.4 Pay-how-you-Drive (PHYD)
9. North America Automotive UBI Market- Country Analysis
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Automotive UBI Market - Key Company Profiles
- Allstate Insurance Company
- Allianz SE
- Metromile, Inc.
- Octo Telematics S.p.A
- Vodafone Automotive S.P.A.
- AXA SA
- Liberty Mutual Insurance Company
- TomTom Telematics BV
- Sierra Wireless, Inc.
- Unipolsai Assicurazioni S.p.A.
For more information about this report visit https://www.researchandmarkets.com/r/jzcuar