Report Detail

Automotive Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026

  • RnM2874743
  • |
  • 04 February, 2019
  • |
  • Global
  • |
  • 100 Pages
  • |
  • Data Bridge Market Research
  • |
  • Automotive

Middle East and Africa usage-based insurance market is expected to reach a CAGR of 16.1% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Package type (pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD)), vehicle type (light-duty vehicle (LDV), heavy-duty vehicles (HDV)), Device offering (company provided, bring your own device (BYOD)), Technology (OBD-II, smartphone, embedded system, black box and others), Vehicle age (new vehicles, on-road vehicles), Electric and hybrid vehicle (hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV)), Country (South Africa and Rest of Middle East and Africa)

Major growing sectors under the market segmentation are as follows:

• On the basis of package type, the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), market is growing with the highest CAGR of 16.3% in the forecast period of 2019-
2026.

• On the basis of vehicle type, the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV). In 2018, light-duty vehicle (LDV) market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.

• On the basis of device offering, the market is segmented into company provided and bring your own device (BYOD). The company provided market is growing with the highest CAGR of 15.6% in the forecast period of 2019-2026.

• On the basis of technology, the market is segmented into OBD-II, smartphone, embedded system, black box and others. In 2018, embedded system market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.

• On the basis of vehicle age, the market is segmented into new vehicles and on-road vehicles. In 2018, on-road vehicles market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.

• On the basis of electric and hybrid vehicle, the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV).In 2018 Battery Electric Vehicle (BEV) market is growing with the highest CAGR of 16.7% in the forecast period of 2019 to 2026.

Key Market Players

The key market players for Middle East and Africa usage based insurance market are listed below:

• Intelligent Mechatronic Systems Inc.
• TrueMotion
• Cambridge Mobile Telematics
• Insure The Box Limited
• Progressive Casualty Insurance Company
• Modus Group LLC
• Inseego Corp
• Metromile Inc.
• The Floow Limited
• Vodafone
• Allstate Insurance Company
• Octo Group
• TomTom International
• Allianz
• AXA Equitable Life Insurance Company
• Liberty Mutual Insurance
• Verizon, Sierra Wireless
• Mapfre, Movitrack Viasat, Inc.
• ASSICURAZIONI GENERALI S.P.A.
• UNIPOLSAI ASSICURAZIONI S.P.A.


TABLE OF CONTENTS

    1 INTRODUCTION

    • 1.1 OBJECTIVES OF THE STUDY
    • 1.2 MARKET DEFINITION
    • 1.3 OVERVIEW OF MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET
    • 1.4 CURRENCY AND PRICING
    • 1.5 LIMITATION
    • 1.6 MARKETS COVERED

    2 MARKET SEGMENTATION

    • 2.1 MARKETS COVERED
    • 2.2 GEOGRAPHIC SCOPE
    • 2.3 YEAR CONSIDERED FOR THE STUDY
    • 2.4 CURRENCY AND PRICING
    • 2.5 RESEARCH METHODOLOGY
    • 2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
    • 2.7 DBMR MARKET POSITION GRID
    • 2.8 DBMR MARKET CHALLENGE MATRIX
    • 2.9 DBMR MARKET TIMELINE
    • 2.10 DBMR MULTIVARIATE MODEL
    • 2.11 DBMR VENDOR SHARE ANALYSIS
    • 2.12 SECONDARY SOURCES
    • 2.13 ASSUMPTIONS

    3 MARKET OVERVIEW

    • 3.1 DRIVERS
      • 3.1.1 ACCURATE AND FREQUENT DATA COLLECTION OF VEHICLE/ DRIVER’S BEHAVIOR
      • 3.1.2 RISING ADOPTION OF TELEMATICS TECHNOLOGY IN VEHICLES
      • 3.1.3 INCREASING DEMAND FOR CONNECTED CARS
    • 3.2 RESTRAINT
      • 3.2.1 DATA PRIVACY CONCERN
    • 3.3 OPPORTUNITIES
      • 3.3.1 INCREASING CONCERN REGARDING DRIVER SAFETY
      • 3.3.2 ADAVANCEMNT IN AUTOMOTIVE TECHNOLOGY LIKE ELECTRIC CARS
    • 3.4 CHALLENGE
      • 3.4.1 HIGH COSTING INVOLVED

    4 EXECUTIVE SUMMARY

      5 PREMIUM INSIGHTS

      • 5.1 SECONDARY SOURCES
      • 5.2 ASSUMPTIONS
      • 5.3 INDUSTRY INSIGHTS

      6 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE

      • 6.1 OVERVIEW
        • 6.1.1 PAY-AS-YOU-DRIVE (PAYD)
        • 6.1.2 PAY-HOW-YOU-DRIVE (PHYD)
        • 6.1.3 MANAGE-HOW-YOU-DRIVE (MHYD)

      7 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE

      • 7.1 OVERVIEW
        • 7.1.1 LIGHT DUTY VEHICLE (LDV)
        • 7.1.2 HEAVY DUTY VEHICLE (HDV)

      8 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING

      • 8.1 OVERVIEW
        • 8.1.1 BRING YOUR OWN DEVICE
        • 8.1.2 COMPANY PROVIDED

      9 MIDDLE EAST AND AFRICA USAGE- BASED INSURANCE MARKET, BY TECHNOLOGY

      • 9.1 OVERVIEW
        • 9.1.1 EMBEDDED SYSTEM
        • 9.1.2 SMARTPHONE
        • 9.1.3 BLACK BOX
        • 9.1.4 OBD-II
        • 9.1.5 OTHERS

      10 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE

      • 10.1 OVERVIEW
        • 10.1.1 ON-ROAD VEHICLES
        • 10.1.2 NEW VEHICLES

      11 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE

      • 11.1 OVERVIEW
        • 11.1.1 BATTERY ELECTRIC VEHICLE (BEV)
        • 11.1.2 PLUG-IN HYBRID VEHICLE (PHEV)
        • 11.1.3 HYBRID ELECTRIC VEHICLE (HEV)

      12 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY GEOGRAPHY

      • 12.1 MIDDLE EAST AND AFRICA
        • 12.1.1 SOUTH AFRICA
        • 12.1.2 REST OF MIDDLE EAST AND AFRICA
        • 12.1.3 EGYPT
        • 12.1.4 SAUDI ARABIA
        • 12.1.5 UNITED ARAB EMIRATES
        • 12.1.6 ISRAEL

      13 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, COMPANY LANDSCAPE

      • 13.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA

      14 COMPANY PROFILES

      • 14.1 INTELLIGENT MECHATRONIC SYSTEMS INC.
        • 14.1.1 COMPANY SNAPSHOT
        • 14.1.2 GEOGRAPHICAL PRESENCE
        • 14.1.3 SERVICE PORTFOLIO
        • 14.1.4 RECENT DEVELOPMENT
      • 14.2 TRUEMOTION
        • 14.2.1 COMPANY SNAPSHOT
        • 14.2.2 SERVICE PORTFOLIO
        • 14.2.3 RECENT DEVELOPMENT
      • 14.3 CAMBRIDGE MOBILE TELEMATICS
        • 14.3.1 COMPANY SNAPSHOT
        • 14.3.2 SERVICE PORTFOLIO
        • 14.3.3 RECENT DEVELOPMENTS
      • 14.4 INSURE THE BOX LIMITED
        • 14.4.1 COMPANY SNAPSHOT
        • 14.4.2 SERVICE PORTFOLIO
        • 14.4.3 RECENT DEVELOPMENTS
      • 14.5 PROGRESSIVE CASUALTY INSURANCE COMPANY
        • 14.5.1 COMPANY SNAPSHOT
        • 14.5.2 REVENUE ANALYSIS
        • 14.5.3 SERVICE PORTFOLIO
        • 14.5.4 RECENT DEVELOPMENT
      • 14.6 MODUS GROUP, LLC.
        • 14.6.1 COMPANY SNAPSHOT
        • 14.6.2 SERVICE PORTFOLIO
        • 14.6.3 RECENT DEVELOPMENT
      • 14.7 INSEEGO CORP
        • 14.7.1 COMPANY SNAPSHOT
        • 14.7.2 REVENUE ANALYSIS
        • 14.7.1 SERVICE PORTFOLIO
        • 14.7.2 RECENT DEVELOPMENTS
      • 14.8 METROMILE INC.
        • 14.8.1 COMPANY SNAPSHOT
        • 14.8.2 SERVICE PORTFOLIO
        • 14.8.3 RECENT DEVELOPMENTS
      • 14.9 THE FLOOW LIMITED
        • 14.9.1 COMPANY SNAPSHOT
        • 14.9.2 GEOGRAPHICAL PRESENCE
        • 14.9.3 SERVICE PORTFOLIO
        • 14.9.4 RECENT DEVELOPMENTS
      • 14.10 VODAFONE
        • 14.10.1 COMPANY SNAPSHOT
        • 14.10.2 REVENUE ANALYSIS
        • 14.10.3 SERVICE PORTFOLIO
        • 14.10.4 RECENT DEVELOPMENTS
      • 14.11 ALLSTATE
        • 14.11.1 COMPANY SNAPSHOT
        • 14.11.2 REVENUE ANALYSIS
        • 14.11.3 SERVICE PORTFOLIO
        • 14.11.4 RECENT DEVELOPMENTS
      • 14.12 OCTO TELEMATICS
        • 14.12.1 COMPANY SNAPSHOT
        • 14.12.2 GEOGRAPHICAL PRESENCE
        • 14.12.3 SERVICE PORTFOLIO
        • 14.12.4 RECENT DEVELOPMENTS
      • 14.13 TOMTOM
        • 14.13.1 COMPANY SNAPSHOT
        • 14.13.2 REVENUE ANALYSIS
        • 14.13.3 SERVICE PORTFOLIO
        • 14.13.4 RECENT DEVELOPMENTS
      • 14.14 ALLIANZ
        • 14.14.1 COMPANY SNAPSHOT
        • 14.14.2 REVENUE ANALYSIS
        • 14.14.3 SERVICE PORTFOLIO
        • 14.14.4 RECENT DEVELOPMENT
      • 14.15 AXA
        • 14.15.1 COMPANY SNAPSHOT
        • 14.15.2 REVENUE ANALYSIS
        • 14.15.3 SERVICE PORTFOLIO
        • 14.15.4 RECENT DEVELOPMENTS
      • 14.16 LIBERTY MUTUAL
        • 14.16.1 COMPANY SNAPSHOT
        • 14.16.2 REVENUE ANALYSIS
        • 14.16.3 SERVICE PORTFOLIO
        • 14.16.4 RECENT DEVELOPMENTS
      • 14.17 VERIZON
        • 14.17.1 COMPANY SNAPSHOT
        • 14.17.2 REVENUE ANALYSIS
        • 14.17.3 SERVICE PORTFOLIO
        • 14.17.4 RECENT DEVELOPMENTS
      • 14.18 SIERRA WIRELESS
        • 14.18.1 COMPANY SNAPSHOT
        • 14.18.2 REVENUE ANALYSIS
        • 14.18.3 SERVICE PORTFOLIO
        • 14.18.4 RECENT DEVELOPMENTS
      • 14.19 MAPFRE
        • 14.19.1 COMPANY SNAPSHOT
        • 14.19.2 REVENUE ANALYSIS
        • 14.19.3 SERVICE PORTFOLIO
        • 14.19.4 RECENT DEVELOPMENTS
      • 14.20 MOVITRACK VIASAT
        • 14.20.1 COMPANY SNAPSHOT
        • 14.20.2 SERVICE PORTFOLIO
        • 14.20.3 RECENT DEVELOPMENTS
      • 14.21 ASSICURAZIONI GENERALI
        • 14.21.1 COMPANY SNAP SHOT
        • 14.21.2 REVENUE ANALYSIS
        • 14.21.3 SERVICE PORTFOLIO
        • 14.21.4 RECENT DEVELOPMENTS
      • 14.22 UNIPOLSAI ASSICURAZIONI
        • 14.22.1 COMPANY SNAPSHOT
        • 14.22.2 REVENUE ANALYSIS
        • 14.22.3 SERVICE PORTFOLIO
        • 14.22.4 RECENT DEVELOPMENTS

      15 QUESTIONNAIRE

        16 RELATED REPORTS

        Summary:
        Get latest Market Research Reports on Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026. Industry analysis & Market Report on Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026 is a syndicated market report, published as Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026. It is complete Research Study and Industry Analysis of Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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