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The Regulations play critical roles in the adoption of insurance in the automotive segment. Regulations mandating motor insurance are becoming crucial drivers for the rise in UBI adoption. Besides, app-based UBI is becoming highly popular in the automotive UBI market as developing apps is more cost-effective than OBU-based UBI solutions. App-based UBI will facilitate significant cost savings in terms of hardware development through third-party vendors. As modern smartphones have all the required built-in sensors that can track driving behavior effectively, app-based UBI is seen as a crucial platform for insurance providers. UBI allows insurers to create a risk profile for individual customers based on real-time driving behavior tracked by an onboard unit or smartphone. As UBI benefits both insurer and driver, its consumption is increasing continually in developed regions such as Europe and North America. Thus, fleet operators will be benefitted significantly by adopting UBI as premiums will get markedly reduced when safe driving behavior becomes the norm. Thus, the increase in adoption of app-based UBI will drive the automotive smartphone enabled telematics market growth during the forecast period.
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The automotive smartphone enabled telematics market is fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive smartphone enabled telematics industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of automotive smartphone enabled telematics manufacturers including:
With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will contribute to the maximum growth of this automotive smartphone enabled telematics market throughout the predicted period. The high adoption of telematics services can be attributed to a robust connected-vehicles ecosystem.
According to our market research experts, the smartphone integrated telematics segment will account for the highest share and growth in the market. The report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive smartphone enabled telematics market size.
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive smartphone enabled telematics market and its stakeholders over the forecast years. The global automotive smartphone enabled telematics market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive smartphone enabled telematics market size till 2023.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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