Telematics In Insurance Industry Market Size 2025-2029
The telematics in insurance industry market size is forecast to increase by USD 5.3 billion, at a CAGR of 21.2% between 2024 and 2029.
The global telematics market in insurance industry is expanding, driven by the adoption of telematics-enabled UBI which offers significant cost savings. This is reshaping insurance analytics by allowing insurers to create precise risk profiles from real-time driving behavior tracked by onboard units. This shift is supported by increasing smartphone penetration and government initiatives promoting telematics use. The on-board diagnostics telematics market, a key part of this ecosystem, facilitates easy data collection. The evolution toward proactive risk management and improved operational efficiency is transforming the traditional insurance model, creating a more data-centric paradigm that benefits both insurers and policyholders.Optimized customer communication is a key trend, with insurers using mobile apps and aggregated data for better engagement. This strategy enhances customer retention and improves sales targeting. However, the market growth is constrained by safety and security concerns. The risk of hacking wireless communication systems and the potential for malware to infiltrate a vehicle's controller area network (CAN) bus pose significant threats. The automotive aftermarket telematics market must address these vulnerabilities to maintain consumer trust. Protecting personal information is critical as these systems handle sensitive user data, influencing the trajectory of both commercial telematics and the broader automotive telematics market.
What will be the Size of the Telematics In Insurance Industry Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The market is defined by a strategic shift from basic usage-based insurance to holistic, data-centric models focused on proactive risk management and operational efficiency. This evolution in the automotive telematics market is driven by sophisticated data analytics, leveraging AI for a more nuanced understanding of risk that goes beyond simple metrics. The integration of contextual information and video data allows for deeper insights into driving behavior. This ongoing development is reshaping the relationship between insurers and the insured, fostering a continuous partnership in risk mitigation through advanced insurance analytics and personalized feedback mechanisms.The technological landscape is advancing from aftermarket hardware toward more integrated solutions. The on-board diagnostics telematics market is seeing increased competition from smartphone applications and embedded telematics control units in connected vehicles. This transition reduces customer friction and improves data reliability. The deepening integration between automotive OEMs and insurers reflects a broader trend within the digital insurance market toward seamless data acquisition. This dynamic is creating new opportunities for value-added services, enhancing both risk assessment accuracy and the overall customer experience in the passenger vehicle telematics market.
How is this Telematics In Insurance Industry Industry segmented?
The telematics in insurance industry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Deployment
- Usage
- Technology
- Embedded OEM module
- OBD-II dongle
- Smartphone-centric
- Hardwired
- Geography
- North America
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- South America
- Middle East and Africa
- Rest of World (ROW)
By Deployment Insights
The on-premises segment is estimated to witness significant growth during the forecast period.
The on-premises deployment segment is experiencing notable growth within the global telematics market in insurance industry. This model is often chosen by customers who prioritize maintaining their data on-site, using their own servers for management and setup. The use of telematics and UBI has become fundamental to the vehicle insurance sector, and on-premises solutions provide the necessary real-time insights into driver activities. This deployment method offers direct control over data security and infrastructure.
As the volume of connected cars increases, on-premises deployment is expected to adequately manage connectivity requirements, including software updates and system turnaround times. This approach ensures that data processing and storage remain within the organization's control, a critical factor for many insurers. It is projected to remain a dominant deployment choice, with North America alone poised to contribute 34.1% of the market's incremental growth, reflecting the importance of secure and controlled data environments in key regions.
Request Free Sample
The On-premises segment was valued at USD 1.3 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 34.1% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Request Free Sample
The telematics market in insurance industry across North America is witnessing significant expansion, largely due to a growing urban population and increased vehicle adoption. This has amplified the demand for advanced telematics systems within the auto insurance sector. Key factors contributing to this growth in North America include the need for regulatory compliance in the automotive industry and the rising adoption of IoT technology among insurance providers. The market in North America benefits from a strong emphasis on technology usage and high internet penetration rates.
Regulatory mandates focused on vehicle and driver safety are also major drivers for the adoption of usage-based insurance telematics devices in North America. Government goals to expand the automobile sector with a strong focus on safety have accelerated demand for advanced in-vehicle telematics. The ongoing upgrades to 4G LTE networks in the region are strengthening connectivity for modern vehicles. The APAC region is also showing strong potential, with a projected CAGR of 20.7%, indicating a broader global trend toward telematics adoption.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global telematics market in the insurance industry is expanding rapidly, propelled by frequent vehicle launches with connected technologies and supportive government initiatives for telematics use. Insurers are leveraging embedded telematics control unit data to generate real-time driving behavior risk profiles and enable sophisticated risk modeling with granular vehicle data. This evolution is further enhanced by AI-powered contextual driving analysis, which offers deeper insights. For policyholders, the benefits include significant cost savings from telematics-enabled UBI and proactive engagement through smartphone-based driver coaching. Operationally, the industry sees improvements from optimized customer communication via telematics, streamlined telematics data for claims management, and automated first notice of loss (FNOL). The ecosystem thrives on data sharing partnerships in telematics, while for commercial clients, UBI for fleet operator cost reduction presents a compelling value proposition.Despite these advancements, the market faces significant hurdles, including inherent software and hardware design complexity and a dependence on multiple service entities for service delivery. Paramount among these are safety concerns in insurance telematics, which are amplified by specific cybersecurity threats. The potential for malware transfer via infotainment systems and the critical danger of hacking of vehicle central functions pose substantial risks to driver and data security. Ensuring the security of commercial vehicle telematics is also a key priority for protecting fleet operations. Addressing these vulnerabilities is crucial for building trust and fully realizing the potential of in-vehicle telematics for safety control without compromising the integrity of the connected vehicle ecosystem.
What are the key market drivers leading to the rise in the adoption of Telematics In Insurance Industry Industry?
- The primary driver for the market is the significant cost savings achieved through the adoption of telematics-enabled usage-based insurance (UBI).
The adoption of telematics-enabled usage-based insurance (UBI) is a significant factor in the market, driven by its potential for cost savings. UBI allows for the creation of risk profiles based on real-time driving behavior, using data from onboard units (OBU) to assess individual driver risk. This benefits both drivers, through potentially lower premiums, and insurers, through more accurate risk assessment. The financial incentive of reduced insurance premiums encourages consumers to adopt vehicles with UBI technology. This dynamic supports the growth of embedded solutions in commercial vehicles, as fleet operators seek to reduce operational costs. The APAC region represents a significant growth area, accounting for over 30.52% of the geographic opportunity.The increasing penetration of smartphones is another key driver shaping the global telematics market in insurance industry. Smartphones provide a ubiquitous and cost-effective platform for delivering telematics services, lowering the barrier to entry for both consumers and insurers. By leveraging the built-in sensors of a smartphone, such as GPS and accelerometers, insurers can offer UBI programs without requiring professionally installed hardware. This smartphone-centric approach enhances customer engagement through mobile applications that provide driving feedback, safety scores, and reward programs. The convenience and accessibility of these solutions are accelerating the adoption of telematics across a broader customer base, contributing to overall market expansion.
What are the market trends shaping the Telematics In Insurance Industry Industry?
- An emerging trend in the market is the optimization of customer communication through the use of insurance telematics.
Optimized customer communication is an important trend, as insurers leverage insurance telematics to transform customer engagement. By maintaining reliable and constant interaction, companies can improve customer retention rates. The advent of IoT has enabled insurers to reinvent their business strategies. One effective approach involves delivering insurance telematics services daily via smartphones, creating a continuous connection with policyholders. Another strategy is leveraging mobile apps to facilitate high-quality, personalized communications. This evolution is central to the digital insurance market, where customer experience is a key differentiator. Europe represents a substantial opportunity, contributing to 27.78% of the market's potential growth.The increasing number of vehicle launches featuring connected technologies is another prominent trend influencing the automotive aftermarket telematics market. As automakers integrate telematics control units (TCUS) directly into new vehicles, the foundation for a connected ecosystem expands. This embedded technology provides a seamless data source for various services, including insurance telematics. The proliferation of connected cars simplifies the onboarding process for UBI programs and provides access to higher-fidelity data from the vehicle's internal systems. This trend fosters deeper integration between automotive OEMs and insurance providers, leading to more sophisticated insurance products and value-added services for consumers, such as automated emergency calls and vehicle diagnostics.
What challenges does the Telematics In Insurance Industry Industry face during its growth?
- A key challenge impacting market growth involves the safety and security concerns associated with telematics systems in the insurance industry.
Significant safety and security concerns are associated with telematics applications in the insurance industry. In-vehicle information systems rely on wireless communication, making them susceptible to hacking and information theft. These systems, which provide internet connectivity and real-time updates, introduce risks of data breaches and malicious software infiltration. A primary concern is the potential for malware to transfer from infotainment systems to critical vehicle networks like the controller area network (CAN) bus. This could allow unauthorized access to central vehicle functions, including the engine and brakes, posing a direct threat to driver safety. These security vulnerabilities question the reliability of commercial vehicle telematics and present a substantial challenge.The complexity of telematics software and hardware designs presents another challenge for the market. Developing and integrating robust telematics systems that are both reliable and secure requires significant technical expertise and investment. The software must be capable of processing vast amounts of data in real-time while ensuring its accuracy and integrity. Hardware, such as OBD-II dongles or hardwired devices, must be durable and compatible with a wide range of vehicle models. As vehicles become more technologically advanced, the intricacy of integrating telematics solutions without interfering with other vehicle systems increases, adding to development timelines and costs. This complexity affects a small but critical portion of the market, with regions like the Middle East and Africa representing 3.51% of opportunities where such advanced integrations are still developing.
Exclusive Customer Landscape
The telematics in insurance industry market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the telematics in insurance industry market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, telematics in insurance industry market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Admiral Group plc - The core offering in the global telematics market in insurance industry centers on providing comprehensive solutions that leverage vehicle and driving data for risk assessment, claims management, and personalized insurance pricing. These offerings utilize a range of technologies, including smartphone applications, connected vehicle services, and automotive IoT systems, to collect and transmit data on driving behavior. This information enables insurers to create detailed driver scores and risk profiles, facilitating usage-based insurance (UBI) programs that reward safe driving with potential discounts. Key functionalities include real-time driver feedback, AI-powered video analytics for contextual analysis, and automated crash detection for proactive claims handling. The solutions are designed to be integrated with various data sources, from onboard diagnostic devices to embedded telematics control units, providing a holistic view of risk and improving operational efficiency for insurers while enhancing engagement with policyholders.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Admiral Group plc
- Agero Inc.
- Aplicom Ltd.
- Aviva insurance Ltd.
- AXA Group
- Insurance and Mobility Solutions
- Masternaut Ltd.
- Mercedes Benz Group AG
- Meta System S.p.A
- MiX Telematics Ltd.
- OCTO Telematics S.p.A
- Sierra Wireless Inc.
- The Allstate Corp.
- TomTom NV
- Verizon Communications Inc.
- Zurich Insurance Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Telematics In Insurance Industry Market
In April 2024, TomTom NV announced the launch of its new Orbis Maps, featuring a highly detailed and visually intuitive map that enriches its navigation and location technology offerings for automotive and enterprise customers.In May 2024, Verizon Communications Inc. expanded its 5G network coverage, enhancing the connectivity backbone that supports advanced telematics and IoT solutions, including those used in the connected vehicle and insurance telematics sectors.In May 2024, MiX Telematics Ltd. was officially acquired by Powerfleet, creating a scaled, global provider of AI-powered software-as-a-service (SAAS) solutions for mobile assets and fleet management.
Research Analyst Overview
The global telematics market in insurance industry is transforming through evolving data acquisition methods. Insurers are increasingly leveraging data from various sources, including the embedded OEM module, OBD-II dongle data, and the widespread adoption of smartphone-based telematics. These vehicle telematics systems utilize smartphone sensor data and GPS tracking software to create a comprehensive automotive IoT system. This detailed driving habits tracking allows for the analysis of real-time driving behavior. Consequently, there is a significant shift towards usage-based insurance models, encompassing PAYD models, PHYD models, and MHYD models. Programs like the Drivewise program and platforms such as the DriveWell platform exemplify this trend, enabling highly personalized insurance pricing based on individual risk assessment models instead of traditional demographic data from fixed onboard units.The integration of advanced data analytics and AI-powered video analytics is further refining telematic services within the insurance sector. Sophisticated driver scoring algorithms are being applied to data streams for more accurate risk evaluation, enhancing crash and claims management. This capability supports immediate collision detection and streamlines claims management services. For commercial lines, fleet telematics provides robust fleet management solutions. The evolution of smart mobility solutions and network connected products, exemplified by offerings like connected Toyota Insure, is reshaping customer relationship management by providing real-time driver feedback and other connected vehicle services. The technical backbone, often relying on RESTful API integration, ensures seamless data flow. The market for these services is showing substantial expansion, with some analyses pointing towards a 25% increase in adoption within certain insurance segments.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Telematics In Insurance Industry Market insights. See full methodology.
|
Market Scope
|
|
Report Coverage
|
Details
|
|
Page number
|
288
|
|
Base year
|
2024
|
|
Historic period
|
2019 - 2023 |
|
Forecast period
|
2025-2029
|
|
Growth momentum & CAGR
|
Accelerating at a CAGR of 21.2%
|
|
Market growth 2024-2029
|
USD 5.3 billion
|
|
Market structure
|
Fragmented
|
|
YoY growth 2024-2029(%)
|
17.8%
|
|
Key countries
|
US, Canada, Mexico, China, India, Japan, South Korea, Australia, Indonesia, Germany, UK, France, Italy, Spain, The Netherlands, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Egypt, Nigeria
|
|
Competitive landscape
|
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
|
Request Free Sample
What are the Key Data Covered in this Telematics In Insurance Industry Market Research and Growth Report?
- CAGR of the Telematics In Insurance Industry industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, APAC, Europe, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the telematics in insurance industry market growth of industry companies
We can help! Our analysts can customize this telematics in insurance industry market research report to meet your requirements.
Get in touch
1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Market Segmentation by Usage
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Telematics Market In Insurance Industry 2019 - 2023
- Historic Market Size - Data Table on Global Telematics Market In Insurance Industry 2019 - 2023 ($ billion)
- 5.2 Deployment segment analysis 2019 - 2023
- Historic Market Size - Deployment Segment 2019 - 2023 ($ billion)
- 5.3 Usage segment analysis 2019 - 2023
- Historic Market Size - Usage Segment 2019 - 2023 ($ billion)
- 5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Telematics Market in Insurance Industry
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Deployment
- 8 Market Segmentation by Deployment
- 8.1 Market segments
- Chart on Deployment - Market share 2024-2029 (%)
- Data Table on Deployment - Market share 2024-2029 (%)
- 8.2 Comparison by Deployment
- Chart on Comparison by Deployment
- Data Table on Comparison by Deployment
- 8.3 On-premises - Market size and forecast 2024-2029
- Chart on On-premises - Market size and forecast 2024-2029 ($ billion)
- Data Table on On-premises - Market size and forecast 2024-2029 ($ billion)
- Chart on On-premises - Year-over-year growth 2024-2029 (%)
- Data Table on On-premises - Year-over-year growth 2024-2029 (%)
- 8.4 Cloud - Market size and forecast 2024-2029
- Chart on Cloud - Market size and forecast 2024-2029 ($ billion)
- Data Table on Cloud - Market size and forecast 2024-2029 ($ billion)
- Chart on Cloud - Year-over-year growth 2024-2029 (%)
- Data Table on Cloud - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ billion)
- Data Table on Market opportunity by Deployment ($ billion)
9 Market Segmentation by Usage
- 9 Market Segmentation by Usage
- 9.1 Market segments
- Chart on Usage - Market share 2024-2029 (%)
- Data Table on Usage - Market share 2024-2029 (%)
- 9.2 Comparison by Usage
- Chart on Comparison by Usage
- Data Table on Comparison by Usage
- 9.3 PAYD - Market size and forecast 2024-2029
- Chart on PAYD - Market size and forecast 2024-2029 ($ billion)
- Data Table on PAYD - Market size and forecast 2024-2029 ($ billion)
- Chart on PAYD - Year-over-year growth 2024-2029 (%)
- Data Table on PAYD - Year-over-year growth 2024-2029 (%)
- 9.4 PHYD - Market size and forecast 2024-2029
- Chart on PHYD - Market size and forecast 2024-2029 ($ billion)
- Data Table on PHYD - Market size and forecast 2024-2029 ($ billion)
- Chart on PHYD - Year-over-year growth 2024-2029 (%)
- Data Table on PHYD - Year-over-year growth 2024-2029 (%)
- 9.5 MHYD - Market size and forecast 2024-2029
- Chart on MHYD - Market size and forecast 2024-2029 ($ billion)
- Data Table on MHYD - Market size and forecast 2024-2029 ($ billion)
- Chart on MHYD - Year-over-year growth 2024-2029 (%)
- Data Table on MHYD - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Usage
- Market opportunity by Usage ($ billion)
- Data Table on Market opportunity by Usage ($ billion)
10 Market Segmentation by Technology
- 10 Market Segmentation by Technology
- 10.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
- 10.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 10.3 Embedded OEM module - Market size and forecast 2024-2029
- Chart on Embedded OEM module - Market size and forecast 2024-2029 ($ billion)
- Data Table on Embedded OEM module - Market size and forecast 2024-2029 ($ billion)
- Chart on Embedded OEM module - Year-over-year growth 2024-2029 (%)
- Data Table on Embedded OEM module - Year-over-year growth 2024-2029 (%)
- 10.4 OBD-II dongle - Market size and forecast 2024-2029
- Chart on OBD-II dongle - Market size and forecast 2024-2029 ($ billion)
- Data Table on OBD-II dongle - Market size and forecast 2024-2029 ($ billion)
- Chart on OBD-II dongle - Year-over-year growth 2024-2029 (%)
- Data Table on OBD-II dongle - Year-over-year growth 2024-2029 (%)
- 10.5 Smartphone-centric - Market size and forecast 2024-2029
- Chart on Smartphone-centric - Market size and forecast 2024-2029 ($ billion)
- Data Table on Smartphone-centric - Market size and forecast 2024-2029 ($ billion)
- Chart on Smartphone-centric - Year-over-year growth 2024-2029 (%)
- Data Table on Smartphone-centric - Year-over-year growth 2024-2029 (%)
- 10.6 Hardwired - Market size and forecast 2024-2029
- Chart on Hardwired - Market size and forecast 2024-2029 ($ billion)
- Data Table on Hardwired - Market size and forecast 2024-2029 ($ billion)
- Chart on Hardwired - Year-over-year growth 2024-2029 (%)
- Data Table on Hardwired - Year-over-year growth 2024-2029 (%)
- 10.7 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.3.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.3.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.3.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.4 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.4.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.4.2 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.4.3 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.4.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.4.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.4.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.5.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Chile - Market size and forecast 2024-2029
- Chart on Chile - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chile - Market size and forecast 2024-2029 ($ billion)
- Chart on Chile - Year-over-year growth 2024-2029 (%)
- Data Table on Chile - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Egypt - Market size and forecast 2024-2029
- Chart on Egypt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Egypt - Market size and forecast 2024-2029 ($ billion)
- Chart on Egypt - Year-over-year growth 2024-2029 (%)
- Data Table on Egypt - Year-over-year growth 2024-2029 (%)
- 12.7.5 Nigeria - Market size and forecast 2024-2029
- Chart on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Data Table on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Chart on Nigeria - Year-over-year growth 2024-2029 (%)
- Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Cost savings due to adoption of telematics-enabled UBI
- Increasing growth in smartphone penetration
- Government initiatives encouraging use of telematics
- 13.2 Market challenges
- Safety and security concerns associated with telematics in insurance industry
- Complexity of telematics software and hardware designs
- Dependence on many individual entities for telematics service offerings
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Optimized customer communication with insurance telematics
- Increasing number of vehicle launches featuring connected technologies
- Emergence of next-generation telematics protocol
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Agero Inc.
- Agero Inc. - Overview
- Agero Inc. - Product / Service
- Agero Inc. - Key offerings
- SWOT
- 15.5 Aplicom Ltd.
- Aplicom Ltd. - Overview
- Aplicom Ltd. - Product / Service
- Aplicom Ltd. - Key offerings
- SWOT
- 15.6 Aviva insurance Ltd.
- Aviva insurance Ltd. - Overview
- Aviva insurance Ltd. - Business segments
- Aviva insurance Ltd. - Key offerings
- Aviva insurance Ltd. - Segment focus
- SWOT
- 15.7 AXA Group
- AXA Group - Overview
- AXA Group - Business segments
- AXA Group - Key news
- AXA Group - Key offerings
- AXA Group - Segment focus
- SWOT
- 15.8 Insurance and Mobility Solutions
- Insurance and Mobility Solutions - Overview
- Insurance and Mobility Solutions - Product / Service
- Insurance and Mobility Solutions - Key offerings
- SWOT
- 15.9 Masternaut Ltd.
- Masternaut Ltd. - Overview
- Masternaut Ltd. - Product / Service
- Masternaut Ltd. - Key offerings
- SWOT
- 15.10 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- SWOT
- 15.11 Meta System S.p.A
- Meta System S.p.A - Overview
- Meta System S.p.A - Product / Service
- Meta System S.p.A - Key offerings
- SWOT
- 15.12 MiX Telematics Ltd.
- MiX Telematics Ltd. - Overview
- MiX Telematics Ltd. - Product / Service
- MiX Telematics Ltd. - Key offerings
- SWOT
- 15.13 OCTO Telematics S.p.A
- OCTO Telematics S.p.A - Overview
- OCTO Telematics S.p.A - Product / Service
- OCTO Telematics S.p.A - Key offerings
- SWOT
- 15.14 Sierra Wireless Inc.
- Sierra Wireless Inc. - Overview
- Sierra Wireless Inc. - Product / Service
- Sierra Wireless Inc. - Key offerings
- SWOT
- 15.15 The Allstate Corp.
- The Allstate Corp. - Overview
- The Allstate Corp. - Business segments
- The Allstate Corp. - Key offerings
- The Allstate Corp. - Segment focus
- SWOT
- 15.16 TomTom NV
- TomTom NV - Overview
- TomTom NV - Business segments
- TomTom NV - Key news
- TomTom NV - Key offerings
- TomTom NV - Segment focus
- SWOT
- 15.17 Verizon Communications Inc.
- Verizon Communications Inc. - Overview
- Verizon Communications Inc. - Business segments
- Verizon Communications Inc. - Key news
- Verizon Communications Inc. - Key offerings
- Verizon Communications Inc. - Segment focus
- SWOT
- 15.18 Zurich Insurance Co. Ltd.
- Zurich Insurance Co. Ltd. - Overview
- Zurich Insurance Co. Ltd. - Business segments
- Zurich Insurance Co. Ltd. - Key news
- Zurich Insurance Co. Ltd. - Key offerings
- Zurich Insurance Co. Ltd. - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
REPORT WRITING
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
