Usage-Based Insurance Market Size, Share & Trends [2030]
The usage-based insurance market is projected to grow from USD 43.38 billion in 2023 to USD 70.46 billion by 2030, at a CAGR of 7.2%. The key factors driving the usage-based insurance market are consumer willingness to share personal data with UBI insurer companies, the increase in connected cars, and the affordability of the UBI premium compared to traditional insurance.
“Pay-As-You-Drive (PAYD)...
Automotive Telematics Market Size, Share, Value | Industry Growth [2030]
The Automotive Telematics Industry is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period.
Automotive manufacturers are highly focused on collaborating with telematic suppliers to integrate their services into their new models to increase drivers’ and on-road safety. Several automakers offer e-SIM card...