Usage-based Insurance

World Market Report

MCP15402

EXECUTIVE ENGAGEMENTS

POOL

2203
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

397
Interactions with Platform & by Email

PARTICIPANTS

66
Unique # Participated

VALIDATIONS

22
Responses Validated*

COMPANIES

11
Responses Validated*
* Login for a full stack data experience

DATE

MAR 2023

TABLES

102

PAGES

158

EDITION

5

PRICE

USD 4950

CODE

MCP15402


COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

RANK

(S/A/N/T)

%

VALIDATED RESEARCH *

* S = Strong; A = Active; N = Niche; T= Trivial (<1%)
* Login to Participate & View Data Stacks
* Participating executives must be from a competitive company. Executive credentials are validated by a one-time two-factor authentication, in compliance with GDPR guidelines. Verified executives have complimentary access to our proprietary MarketGlassTM platform and relevant data silos including Trend Data; Brand/IP/TM Feeds; and Market Size, Share & Rank Clusters. Qualified influencers are also invited to join our Expert Panels. Privileges include purchase credits, and collaborative bespoke builds.
View All Companies...

PARTICIPATE NOW!
RESEARCH MODULES EXECUTIVES
  

HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
»Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
»Online interactive peer-to-peer collaborative bespoke updates
»Access to our digital archives and MarketGlass Research Platform
»Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Usage-based Insurance Market to Reach $145 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Usage-based Insurance estimated at US$24.1 Billion in the year 2022, is projected to reach a revised size of US$145 Billion by 2030, growing at aCAGR of 25.2% over the period 2022-2030. Pay-As-You-Drive (PAYD), one of the segments analyzed in the report, is projected to record 27.6% CAGR and reach US$75.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pay-How-You-Drive (PHYD) segment is readjusted to a revised 24.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 23.8% CAGR
The Usage-based Insurance market in the U.S. is estimated at US$7.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.8 Billion by the year 2030 trailing a CAGR of 23.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23% and 21.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.7% CAGR.

SELECT PLAYERS

Allianz SE; Allstate Insurance Company; Cambridge Mobile Telematics; Inseego Corporation; insurethebox; Intelligent Mechatronic Systems, Inc.; Liberty Mutual Insurance; Mapfre; Modus Group; Octo Telematics Ltd.; Progressive Corporation; Sierra Wireless, Inc.; The Floow Ltd.; TomTom International BV; TrueMotion; Unipolsai Assicurazioni S.P.A.; Verizon Enterprise Solutions; Vodafone Group PLC

SEGMENTS

» Package (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)) » Technology (Black Box, OBD-II, Smartphones, Embedded Systems, Other Technologies)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Usage-based Insurance – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Usage-based Insurance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Usage-based Insurance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for PAYD by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for PAYD by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for PHYD by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for PHYD by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for MHYD by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for MHYD by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for OBD-II by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for OBD-II by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Smartphone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smartphone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Embedded System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Embedded System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Black Box by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Black Box by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Usage-based Insurance Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
UNITED STATES
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
JAPAN
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
CHINA
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
EUROPE
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Usage-based Insurance by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Usage-based Insurance by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
FRANCE
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
GERMANY
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
UNITED KINGDOM
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
ASIA-PACIFIC
Usage-based Insurance Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Usage-based Insurance by Package - PAYD, PHYD and MHYD - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Usage-based Insurance by Package - Percentage Breakdown of Value Sales for PAYD, PHYD and MHYD for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Usage-based Insurance by Technology - OBD-II, Smartphone, Embedded System, Black Box and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Usage-based Insurance by Technology - Percentage Breakdown of Value Sales for OBD-II, Smartphone, Embedded System, Black Box and Other Technologies for the Years 2021 & 2027

PREVIEW REPORT

YOUR PRIVACY MATTERS!

Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates.

What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank.
How we store: Encrypted and additionally secured by firewalls.
How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.
Privacy queries: Privacy@StrategyR.com