Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automotive Telematics Insurances Market by Type (Hardwired, On-Board Device, Smartphone, Embedded), By Application (Passenger Vehicle, Commercial Vehicle, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automotive Telematics Insurances Market by Type (Hardwired, On-Board Device, Smartphone, Embedded), By Application (Passenger Vehicle, Commercial Vehicle, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 406551 4200 Automobile & Transportation 377 180 Pages 4.5 (49)
                                          

Market Overview:


The global automotive telematics insurance market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected cars and the rising number of road accidents across the globe. The global automotive telematics insurance market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into hardwired, on-board device, smartphone app-based, and embedded systems. The passenger vehicle segment is expected to account for a major share of this market in terms of revenue during the forecast period owing to an increase in sales of passenger vehicles globally. In terms of application, this market can be classified into commercial vehicles and passenger vehicles segments.


Global Automotive Telematics Insurances Industry Outlook


Product Definition:


Telematics insurance is a type of automobile insurance that uses GPS tracking and other sensors to monitor a vehicle's location and driving habits. This information is used to calculate premiums, provide discounts, and assess risk.


Hardwired:


Hardwired telematics is a system that enables the transfer of data and information from an electronic device to another location using cables. The cable can be connected to both ends, one end being fixed and other end being attached to the vehicle’s electrical system. This wired technology is used in automotive telematics insurance as well as in automotive electronics for safety features such as anti-theft alarm systems, adaptive cruise control, lane departure warning systems etc.


On-Board Device:


On-board devices are the electronic devices that are mounted on a vehicle for facilitating operations such as driving, safety and security, diagnostics, entertainment and information. They constitute a significant portion of the cost of automotive telematics insurances. The average size of an OBD is 2.1 inches in length and 1 inch in width with mounting locations for up to 8 sensors or diagnostic modules along with it's power source (12Volt).


Application Insights:


The passenger vehicle segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The rising number of fatalities and injuries caused by road accidents has led to an increase in demand for safety features, such as airbags, anti-lock braking systems (ABS), electronic stability control (ESC) and tire pressure monitoring systems (TPMS). Automotive telematics insurances cover these safety features under one roof through on-board device integration with a smartphone application that provides real-time tracking information about vehicle status.


Commercial vehicles are expected to witness significant growth over the forecast period owing to increasing investments by companies such as Daimler AG; Mercedes Benz; International trucks Inc.; Volvo AB; Foton Motor Group Co., Ltd.; Iveco S.p.A.


Regional Analysis:


North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead throughout the forecast period owing to factors such as technological advancements, high vehicle penetration, and stringent regulations regarding road safety. Europe is also estimated to witness considerable growth over the coming years due to increasing R&D investments by various companies and rising demand for connected cars with enhanced safety features.


Asia Pacific telematics insurance market is anticipated to grow at a lucrative rate over the forecast period owing to increasing disposable income of consumers coupled with growing automotive industry in countries such as China, India, Japan and South Korea among others.


The Middle East & Africa (MEA) market has huge potential due both positively.


Growth Factors:


  • Increasing demand for safety and security features in vehicles
  • Rising number of accidents and fatalities due to road mishaps
  • Proliferation of connected cars and autonomous vehicles
  • Government regulations mandating the use of telematics systems in automobiles
  • Growing popularity of car-sharing services

Scope Of The Report

Report Attributes

Report Details

Report Title

Automotive Telematics Insurances Market Research Report

By Type

Hardwired, On-Board Device, Smartphone, Embedded

By Application

Passenger Vehicle, Commercial Vehicle, Others

By Companies

Octo Telematics, CalAmp, Agero, AXA, Intelligent Mechatronic Systems, Trakm8, TrueMotion

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

180

Number of Tables & Figures

126

Customization Available

Yes, the report can be customized as per your need.


Global Automotive Telematics Insurances Market Report Segments:

The global Automotive Telematics Insurances market is segmented on the basis of:

Types

Hardwired, On-Board Device, Smartphone, Embedded

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Passenger Vehicle, Commercial Vehicle, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Octo Telematics
  2. CalAmp
  3. Agero
  4. AXA
  5. Intelligent Mechatronic Systems
  6. Trakm8
  7. TrueMotion

Global Automotive Telematics Insurances Market Overview


Highlights of The Automotive Telematics Insurances Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hardwired
    2. On-Board Device
    3. Smartphone
    4. Embedded
  1. By Application:

    1. Passenger Vehicle
    2. Commercial Vehicle
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Telematics Insurances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global Automotive Telematics Insurances Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Automotive telematics insurances are a type of insurance that covers losses or damages to vehicles and their components as a result of accidents. Automotive telematics insurances can help protect drivers and vehicle owners from financial losses in the event of an accident.

Some of the major players in the automotive telematics insurances market are Octo Telematics, CalAmp, Agero, AXA, Intelligent Mechatronic Systems, Trakm8, TrueMotion.

The automotive telematics insurances market is expected to grow at a compound annual growth rate of 10.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Telematics Insurances Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Automotive Telematics Insurances Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Automotive Telematics Insurances Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Automotive Telematics Insurances Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Automotive Telematics Insurances Market Size & Forecast, 2020-2028       4.5.1 Automotive Telematics Insurances Market Size and Y-o-Y Growth       4.5.2 Automotive Telematics Insurances Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Hardwired
      5.2.2 On-Board Device
      5.2.3 Smartphone
      5.2.4 Embedded
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Passenger Vehicle
      6.2.2 Commercial Vehicle
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Automotive Telematics Insurances Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Automotive Telematics Insurances Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Hardwired
      9.6.2 On-Board Device
      9.6.3 Smartphone
      9.6.4 Embedded
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Passenger Vehicle
      9.10.2 Commercial Vehicle
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Hardwired
      10.6.2 On-Board Device
      10.6.3 Smartphone
      10.6.4 Embedded
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Passenger Vehicle
      10.10.2 Commercial Vehicle
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Hardwired
      11.6.2 On-Board Device
      11.6.3 Smartphone
      11.6.4 Embedded
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Passenger Vehicle
      11.10.2 Commercial Vehicle
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Hardwired
      12.6.2 On-Board Device
      12.6.3 Smartphone
      12.6.4 Embedded
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Passenger Vehicle
      12.10.2 Commercial Vehicle
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Hardwired
      13.6.2 On-Board Device
      13.6.3 Smartphone
      13.6.4 Embedded
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Passenger Vehicle
      13.10.2 Commercial Vehicle
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Automotive Telematics Insurances Market: Competitive Dashboard
   14.2 Global Automotive Telematics Insurances Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Octo Telematics
      14.3.2 CalAmp
      14.3.3 Agero
      14.3.4 AXA
      14.3.5 Intelligent Mechatronic Systems
      14.3.6 Trakm8
      14.3.7 TrueMotion

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