Automotive Telematics Insurance Market to reach USD 212.8 Bn by 2029, Business Growth and Regional Insights

Automotive Telematics Insurance Market to reach USD 212.8 Bn by 2029, Business Growth and Regional Insights
Automotive Telematics Insurance Market
Automotive Telematics Insurance Market was valued at USD 65.1 Billion in 2021, and it is expected to reach USD 212.8 Billion by 2029, exhibiting a CAGR of 15.96 % during the forecast period (2022-2029)

Pune, 18, April, 2023: Maximize Market Research, an Automotive and Transportation business research firm has published a report on the “Automotive Telematics Insurance Market”. The total market opportunity for Automotive Telematics Insurance was USD 65.1 Bn in 2021 and is expected to grow at 15.96 percent CAGR through the forecast period to reach USD 212.8 Bn by 2029.

Automotive Telematics Insurance Market Report Scope and Research Methodology

The report offers a detailed analysis of drivers, restraints, opportunities and challenges for the Automotive Telematics Insurance Market. Both primary and secondary data were thoroughly analyzed and combined in order to offer an accurate and error-free report and to estimate and authenticate global and regional Automotive Telematics Insurance Market size, the bottom-up approach was used.  The primary research employed includes email interactions, telephonic interviews and face-to-face interviews for detailed and unbiased reviews on the Automotive Telematics Insurance industry, while the secondary data were collected from official databases of various organizations and government sites, annual or financial reports, industry journals, etc. Furthermore, Porter’s Five Forces analysis explains buyers’ bargaining power, the threat of new entrants, suppliers’ bargaining power, the threat of substitutes and the degree of competition in the Automotive Telematics Insurance Market. SWOT analysis was used to provide the strengths, weaknesses, opportunities and challenges for the key players in the Automotive Telematics Insurance industry. PESTLE analysis employed helps to understand the Automotive Telematics Insurance Market from various different perspectives. 

Automotive Telematics Insurance Market Dynamics

The primary factors that are expected to create various growth opportunities for the market are advancements in the implementation of advanced telematics devices such as black box technologies and wireless telematic devices, which collect and transmit data on the use of automotive, automotive servicing and required maintenance. During the forecast period, the government safety regulations that are boosting the use of telematics are expected to drive revenue growth in the future. The increasing innovations in the automotive industry due to Artificial intelligence (AI), the Internet of things (IoT), and 5G technologies are creating various opportunities for the growth of the market.

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/73659 

Automotive Telematics Insurance Market Regional Insights

The North America region is expected to dominate the global market by holding the largest Automotive Telematics Insurance Market share during the forecast period. This growth of the market is attributed to increased security and safety concerns. The market growth is expected to be accelerated by the implementation of numerous government regulations. 

In Europe region, the German country held the largest Automotive Telematics Insurance Market share. This is attributed to the falling hardware costs.  

Automotive Telematics Insurance Market Segmentation

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

 

By Device Type

  • Hardwired
  • On-board Device (OBD)
  • Smartphone
  • Embedded

 

Automotive Telematics Insurance Market Key Competitors include:

  • Octo Telematics
  • CalAmp, Agero Inc
  • AXA Group
  • Cambridge Mobile Technology
  • Intelligent Mechatronic System
  • The Floow Ltd
  • The Progressive Corporation
  • TomTom
  • Trakm8 Group
  • TrueMotion Inc.
  • Robert Bosch GmbH
  • AT&T INC.
  • Continental AG
  • LG Electronics
  • Verizon
  • Harman International
  • Aptiv PLC
  • Visteon Corporation
  • Magneti Marelli CK Holdings
  • Webfleet Solution

 

Table of Content for Automotive Telematics Insurance Market

  • Global Automotive Telematics Insurance Market: Research Methodology

 

  • Global Automotive Telematics Insurance Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry

 

  • Global Automotive Telematics Insurance Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact

 

  • Global Automotive Telematics Insurance Market Segmentation
  • Global Market, by Vehicle Type (2021-2029)
  • Global Market, by Device Type (2021-2029)

 

  • Regional Automotive Telematics Insurance Market (2021-2029)
  • Regional Market, by Vehicle Type (2021-2029)
  • Regional Market, by Device Type (2021-2029)
  • Regional Market, by Country (2021-2029)

 

  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments

 

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/73659 

Key questions answered in the Automotive Telematics Insurance Market are:

  • What is the expected Automotive Telematics Insurance Market size by 2029?
  • What was the Automotive Telematics Insurance Market size in 2021?
  • Which Automotive Telematics Insurance Market segment is expected to grow at a high rate during the forecast period?
  • What are the factors driving the Automotive Telematics Insurance Market growth?
  • What are the factors restraining the Automotive Telematics Insurance Market growth?
  • What are the factors creating growth opportunities for the Automotive Telematics Insurance Market?
  • Which region held the largest Automotive Telematics Insurance Market share in 2021?
  • Which regional Automotive Telematics Insurance Market is expected to grow at a high CAGR during the forecast period?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Vehicle Type, Device Type and Region 
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

 

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Automotive Data Management Market – The market size is expected to reach USD 3.86 billion by 2029 at a CAGR of 20 percent during the forecast period. The market is expected to be driven by the increasing demand for modern technologies like artificial intelligence, automation and database management.  

Automotive Software Market – The market size is expected to reach USD 409.29 billion by 2029 at a CAGR of 6.9 percent during the forecast period. The market is expected to be driven by the increasing number of connected cars.  

 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Vehicle Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Vehicle Typeion and demand analysis, and client impact studies.

 

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
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Email: Send Email
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-automotive-telematics-insurance-market/73659/


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