Global Insurance Telematics Market Report 2024

Insurance Telematics Global Market Report 2024 – By Type (Pay-As-You-Drive (PAYD), Pay-How-you-Drive (PHYD), Manage-How-You- Drive (MHYD)), By Technology (On-Board Diagnostic II (OBD-ll), Smartphone, Hybrid, Black-Box), By Deployment (On-premise, Cloud), By Organization Size (Large Enterprises, Small And Medium-sized Enterprises), By Vehicle Type (Light-Duty Vehicles (LDV), Heavy-Duty Vehicles (HDV)) – Market Size, Trends, And Global Forecast 2024-2033

Insurance Telematics Global Market Report 2024

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Insurance Telematics Market Definition

Insurance telematics refers to the use of technology, such as GPS-based devices or mobile apps, to monitor and assess the driving behavior and patterns of policyholders. It is utilized to allow insurance companies to create usage-based insurance (UBI) schemes that appropriately price premiums and policies based on individual driving behaviors.

The main types of insurance telematics are pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). Pay-as-you-drive (PAYD) refers to a usage-based insurance model where premiums are determined by the actual distance driven by the policyholder, typically measured through telematics devices installed in vehicles. It is based on several technologies, including on-board diagnostic II (OBD-ll), smartphones, hybrids, and black boxes, and can be deployed on-premise and in the cloud. It is used in large enterprises and small and medium-sized enterprise organizations for several types of vehicles, such as light-duty vehicles (LDV) and heavy-duty vehicles (HDV).

Insurance Telematics Market Segmentation

The insurance telematics market covered in this report is segmented –

1) By Type: Pay-As-You-Drive (PAYD), Pay-How-you-Drive (PHYD), Manage-How-You- Drive (MHYD)

2) By Technology: On-Board Diagnostic II (OBD-ll), Smartphone, Hybrid, Black-Box

3) By Deployment: On-premise, Cloud

4) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises

5) By Vehicle Type: Light-Duty Vehicles (LDV), Heavy-Duty Vehicles (HDV)

Global Insurance Telematics Market Size 2023 to 2028: Graph

Insurance Telematics Market Size 2024 And Growth Rate

The insurance telematics market size has grown rapidly in recent years. It will grow from $3.43 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to government regulations and mandates, advancements in telematics technology, rising concerns over road safety, increasing awareness of insurance fraud, demand for personalized insurance solutions.

Insurance Telematics Market Growth Forecast

The insurance telematics market size is expected to see rapid growth in the next few years. It will grow to $7.59 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to integration with connected car ecosystem, emergence of autonomous vehicles, growing demand for usage-based insurance (UBI), expansion into emerging markets, rising focus on environmental sustainability. Major trends in the forecast period include integration of advanced analytics and AI, expansion of telematics offerings to commercial lines, partnerships and collaborations, focus on data privacy and security.

Insurance Telematics Market Driver: Increasing Adoption Of Connected Cars Fuels Growth In The Insurance Telematics Market

The rising adoption of connected cars is expected to propel the growth of the insurance telematics market going forward. Connected cars refer to vehicles equipped with advanced communication systems and internet connectivity, enabling them to interact with other devices, networks, and services both within and outside the vehicle. The factors driving the rise of connected cars include the continuous advancements in mobile technology and their ability to collect and utilize data for predictive maintenance. Connected cars give a multitude of real-time information about driving behaviors and factors like speed, distance, location, braking, and acceleration. This data, obtained via connected car systems and telematics technology, allows insurers to assess individual driver behavior correctly, modify insurance premiums based on actual driving behaviors, and provide usage-based insurance (UBI) programs. For instance, in January 2023, according to the IEEE Communications Society, a US-based technical professional organization, the number of connected vehicles globally is set to grow from 192 million this year to more than 367 million in 2027. Furthermore, in February 2022, according to Automotive News, a weekly newspaper owned by Crain Communications Inc., a US-based media company, Tesla achieved global sales of 936,172 vehicles in 2021, marking an 87.4% increase compared to the previous year. Therefore, the rising adoption of connected cars is driving the growth of the insurance telematics market.

Global Insurance Telematics Market Major Players

Major companies operating in the insurance telematics market are Verizon Communications Inc., Axa SA, Vodafone Group Plc, AllState Insurance Company, Progressive Corporation, Liberty Mutual Insurance Company, Zurich Insurance Group, Unipolsai Assicurazioni S.p.A., Trimble Inc., LexisNexis Risk Solutions, Viasat Group, Towergate Insurance, Agero Inc., TomTom International BV., Sierra Wireless Inc., MiX Telematics, Octo Telematics S.p.A., Meta System S.p.A., IMS (Intelligent Mechatronic Systems Inc.), Masternaut Limited, Cambridge Mobile Telematics, Imertik Global Inc., Otonomo, Aplicom Oy, DriveQuant

Global Insurance Telematics Market Trend: Emergence Of Mobile Telematics-Based Motor Insurance Transforming The Insurance Telematics Market

Major companies operating in the insurance telematics market are introducing new features and solutions, such as new add-on cover facilities, to gain a competitive edge in the market. New add-on cover facilities in insurance telematics refer to additional features or services that enhance the traditional telematics insurance offerings. For instance, in July 2022, Edelweiss Group, an India-based financial services company, launched the Switch 'Pay As You Drive' (PAYD) add-on for its private car package policy, representing a significant advancement in the realm of motor insurance in India. This product is designed to provide policyholders with enhanced flexibility and cost savings by offering discounted Own Damage (OD) premiums based on their annual mileage. With the Switch PAYD add-on, customers can now enjoy tailored coverage that aligns with their driving habits and requirements.

Insurance Telematics Market Merger And Acquisition: PowerFleet Strengthens Global Presence And Innovations With Movingdots GmbH Acquisition

In March 2023, PowerFleet, a US-based telematics and IoT solutions company, acquired Movingdots GmbH for an undisclosed amount. With this acquisition, Powerfleet has significantly strengthened its position in the fleet management industry by gaining access to cutting-edge insurance-approved telematics solutions, expanding its global reach, and enhancing its talent pool, thus enabling the company to provide even more comprehensive and advanced offerings focused on safety and sustainability. Movingdots GmbH is a Germany-based fleet management solutions company that develops insurance telematics and sustainable mobility solutions.

Regional Insights For The Global Insurance Telematics Market

Europe was the largest region in the insurance telematics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insurance telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the insurance telematics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The insurance telematics market consists of revenues earned by entities by providing services such as claims management services, fleet management services, data aggregation and analytics services. The market value includes the value of related goods sold by the service provider or included within the service offering. The insurance telematics market also includes sales of telematics devices, GPS receivers, accelerometers, gyroscopes, batteries and dashboards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The insurance telematics market research report is one of a series of new reports from The Business Research Company that provides insurance telematics market statistics, including insurance telematics industry global market size, regional shares, competitors with an insurance telematics market share, detailed insurance telematics market segments, market trends and opportunities, and any further data you may need to thrive in the insurance telematics industry. This insurance telematics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Insurance Telematics Market Report Forecast and Analysis
Report AttributeDetails
Market Size Value In 2024 $4.01 billion
Revenue Forecast In 2033 $7.59 billion
Growth Rate CAGR of 17.3% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Pay-As-You-Drive (PAYD), Pay-How-you-Drive (PHYD), Manage-How-You- Drive (MHYD)
2) By Technology: On-Board Diagnostic II (OBD-ll), Smartphone, Hybrid, Black-Box
3) By Deployment: On-premise, Cloud
4) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises
5) By Vehicle Type: Light-Duty Vehicles (LDV), Heavy-Duty Vehicles (HDV)
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Verizon Communications Inc.; Axa SA; Vodafone Group Plc; AllState Insurance Company; Progressive Corporation; Liberty Mutual Insurance Company; Zurich Insurance Group; Unipolsai Assicurazioni S.p.A.; Trimble Inc.; LexisNexis Risk Solutions; Viasat Group; Towergate Insurance; Agero Inc.; TomTom International BV.; Sierra Wireless Inc.; MiX Telematics; Octo Telematics S.p.A.; Meta System S.p.A.; IMS (Intelligent Mechatronic Systems Inc.); Masternaut Limited; Cambridge Mobile Telematics; Imertik Global Inc.; Otonomo; Aplicom Oy; DriveQuant
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Insurance Telematics Market Characteristics

    3. Insurance Telematics Market Trends And Strategies

    4. Insurance Telematics Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Insurance Telematics Market Size and Growth

    5.1. Global Insurance Telematics Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Insurance Telematics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Insurance Telematics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Insurance Telematics Market Segmentation

    6.1. Global Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Pay-As-You-Drive (PAYD)

    Pay-How-you-Drive (PHYD)

    Manage-How-You- Drive (MHYD)

    6.2. Global Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    On-Board Diagnostic II (OBD-ll)

    Smartphone

    Hybrid

    Black-Box

    6.3. Global Insurance Telematics Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    On-premise

    Cloud

    6.4. Global Insurance Telematics Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Large Enterprises

    Small And Medium-sized Enterprises

    6.5. Global Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Light-Duty Vehicles (LDV)

    Heavy-Duty Vehicles (HDV)

    7. Insurance Telematics Market Regional And Country Analysis

    7.1. Global Insurance Telematics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Insurance Telematics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Insurance Telematics Market

    8.1. Asia-Pacific Insurance Telematics Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Insurance Telematics Market

    9.1. China Insurance Telematics Market Overview

    9.2. China Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Insurance Telematics Market

    10.1. India Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Insurance Telematics Market

    11.1. Japan Insurance Telematics Market Overview

    11.2. Japan Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Insurance Telematics Market

    12.1. Australia Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Insurance Telematics Market

    13.1. Indonesia Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Insurance Telematics Market

    14.1. South Korea Insurance Telematics Market Overview

    14.2. South Korea Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Insurance Telematics Market

    15.1. Western Europe Insurance Telematics Market Overview

    15.2. Western Europe Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Insurance Telematics Market

    16.1. UK Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Insurance Telematics Market

    17.1. Germany Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Insurance Telematics Market

    18.1. France Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Insurance Telematics Market

    19.1. Italy Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Insurance Telematics Market

    20.1. Spain Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Insurance Telematics Market

    21.1. Eastern Europe Insurance Telematics Market Overview

    21.2. Eastern Europe Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Insurance Telematics Market

    22.1. Russia Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Insurance Telematics Market

    23.1. North America Insurance Telematics Market Overview

    23.2. North America Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Insurance Telematics Market

    24.1. USA Insurance Telematics Market Overview

    24.2. USA Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Insurance Telematics Market

    25.1. Canada Insurance Telematics Market Overview

    25.2. Canada Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Insurance Telematics Market

    26.1. South America Insurance Telematics Market Overview

    26.2. South America Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Insurance Telematics Market

    27.1. Brazil Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Insurance Telematics Market

    28.1. Middle East Insurance Telematics Market Overview

    28.2. Middle East Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Insurance Telematics Market

    29.1. Africa Insurance Telematics Market Overview

    29.2. Africa Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Insurance Telematics Market Competitive Landscape And Company Profiles

    30.1. Insurance Telematics Market Competitive Landscape

    30.2. Insurance Telematics Market Company Profiles

    30.2.1. Verizon Communications Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Axa SA

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Vodafone Group Plc

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. AllState Insurance Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Progressive Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Insurance Telematics Market Other Major And Innovative Companies

    31.1. Liberty Mutual Insurance Company

    31.2. Zurich Insurance Group

    31.3. Unipolsai Assicurazioni S.p.A.

    31.4. Trimble Inc.

    31.5. LexisNexis Risk Solutions

    31.6. Viasat Group

    31.7. Towergate Insurance

    31.8. Agero Inc.

    31.9. TomTom International BV.

    31.10. Sierra Wireless Inc.

    31.11. MiX Telematics

    31.12. Octo Telematics S.p.A.

    31.13. Meta System S.p.A.

    31.14. IMS (Intelligent Mechatronic Systems Inc.)

    31.15. Masternaut Limited

    32. Global Insurance Telematics Market Competitive Benchmarking

    33. Global Insurance Telematics Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Insurance Telematics Market

    35. Insurance Telematics Market Future Outlook and Potential Analysis

    35.1 Insurance Telematics Market In 2028 - Countries Offering Most New Opportunities

    35.2 Insurance Telematics Market In 2028 - Segments Offering Most New Opportunities

    35.3 Insurance Telematics Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Insurance Telematics Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Insurance Telematics Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Insurance Telematics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Insurance Telematics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Verizon Communications Inc. Financial Performance
  • Table 77: Axa SA Financial Performance
  • Table 78: Vodafone Group Plc Financial Performance
  • Table 79: AllState Insurance Company Financial Performance
  • Table 80: Progressive Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Insurance Telematics Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Insurance Telematics Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Insurance Telematics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Insurance Telematics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Insurance Telematics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Insurance Telematics Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Insurance Telematics Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Verizon Communications Inc. Financial Performance
  • Figure 77: Axa SA Financial Performance
  • Figure 78: Vodafone Group Plc Financial Performance
  • Figure 79: AllState Insurance Company Financial Performance
  • Figure 80: Progressive Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the insurance telematics market?

Insurance telematics refers to the use of technology, such as GPS-based devices or mobile apps, to monitor and assess the driving behavior and patterns of policyholders. It is utilized to allow insurance companies to create usage-based insurance (UBI) schemes that appropriately price premiums and policies based on individual driving behaviors. For further insights on the insurance telematics market, request a sample here

How will the insurance telematics market drivers and restraints affect the insurance telematics market dynamics? What forces will shape the insurance telematics industry going forward?

The insurance telematics market major growth driver - Increasing Adoption Of Connected Cars Fuels Growth In The Insurance Telematics Market. For further insights on the insurance telematics market, request a sample here

What is the forecast market size or the forecast market value of the insurance telematics market?

The insurance telematics market size has grown rapidly in recent years. It will grow from $3.43 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to government regulations and mandates, advancements in telematics technology, rising concerns over road safety, increasing awareness of insurance fraud, demand for personalized insurance solutions. The insurance telematics market size is expected to see rapid growth in the next few years. It will grow to $7.59 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to integration with connected car ecosystem, emergence of autonomous vehicles, growing demand for usage-based insurance (UBI), expansion into emerging markets, rising focus on environmental sustainability. Major trends in the forecast period include integration of advanced analytics and AI, expansion of telematics offerings to commercial lines, partnerships and collaborations, focus on data privacy and security. For further insights on the insurance telematics market, request a sample here

How is the insurance telematics market segmented?

The insurance telematics market is segmented
1) By Type: Pay-As-You-Drive (PAYD), Pay-How-you-Drive (PHYD), Manage-How-You- Drive (MHYD)
2) By Technology: On-Board Diagnostic II (OBD-ll), Smartphone, Hybrid, Black-Box
3) By Deployment: On-premise, Cloud
4) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises
5) By Vehicle Type: Light-Duty Vehicles (LDV), Heavy-Duty Vehicles (HDV)For further insights on the insurance telematics market,
request a sample here

Which region has the largest share of the insurance telematics market? What are the other regions covered in the report?

Europe was the largest region in the insurance telematics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insurance telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the insurance telematics market, request a sample here.

Who are the major players in the insurance telematics market?

Major companies operating in the insurance telematics market are Verizon Communications Inc., Axa SA, Vodafone Group Plc, AllState Insurance Company, Progressive Corporation, Liberty Mutual Insurance Company, Zurich Insurance Group, Unipolsai Assicurazioni S.p.A., Trimble Inc., LexisNexis Risk Solutions, Viasat Group, Towergate Insurance, Agero Inc., TomTom International BV., Sierra Wireless Inc., MiX Telematics, Octo Telematics S.p.A., Meta System S.p.A., IMS (Intelligent Mechatronic Systems Inc.), Masternaut Limited, Cambridge Mobile Telematics, Imertik Global Inc., Otonomo, Aplicom Oy, DriveQuant For further insights on the insurance telematics market, request a sample here.

What are the key trends in the insurance telematics market?

Major trend in the insurance telematics market - Emergence Of Mobile Telematics-Based Motor Insurance Transforming The Insurance Telematics Market. For further insights on the insurance telematics market, request a sample here.

What are the major opportunities in the insurance telematics market? What are the strategies for the insurance telematics market?

For detailed insights on the major opportunities and strategies in the insurance telematics market, request a sample here.

How does the insurance telematics market relate to the overall economy and other similar markets?

For detailed insights on insurance telematics market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the insurance telematics industry?

For detailed insights on the mergers and acquisitions in the insurance telematics industry, request a sample here.

What are the key dynamics influencing the insurance telematics market growth? SWOT analysis of the insurance telematics market.

For detailed insights on the key dynamics influencing the insurance telematics market growth and SWOT analysis of the insurance telematics industry, request a sample here.