Asia-Pacific Usage Based Insurance Market Growth New Business Opportunities and Challenges, Upcoming Trends, Future Planning & Forecast to 2028
Asia-Pacific Usage Based Insurance Market,
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 (Japan, China, South Korea, India, Singapore,
Thailand, Malaysia, Australia, Indonesia and Philippines)-Industry Trends and
Forecast to 2028.
Major factors that are expected to boost the growth of
the usage-based insurance market in the forecast period are the cheap insurance
premium in comparison to the regular insurance premiums and stringent
government regulations on telematics. Furthermore, the rise in the acceptance
of connected automobile services and growing number of on-road vehicles is
further anticipated to propel the growth of the usage-based insurance market.
On the other hand, rise in the installation cost of telematics and
reluctance of insurers to accept this solution is further projected to impede
the growth of the usage-based insurance market in the timeline period. In
addition, developments in smartphones technologies will further provide
potential opportunities for the growth of the usage-based insurance market in
the coming years. However, the rise in the privacy concerns and growing cost of
claims might further challenge the growth of the usage-based insurance market
in the near future.
Asia-Pacific usage-based insurance market
is expected to witness market growth at a rate of 21.1% in the forecast period
of 2021 to 2028. Data Bridge Market Research report on usage-based insurance
market provides analysis and insights regarding the various factors expected to
be prevalent throughout the forecast period while providing their impacts on
the market's growth. The rise in the partnerships among market players is
escalating the growth of usage-based insurance market. Insurance is a form
of risk management which offers protection from financial loss. Usage
based insurance is a type of insurance where the premium is directly linked
depending on the usage of the product. This usage-based insurance market report
provides details of new recent developments, trade regulations, import-export
analysis, production analysis, value chain optimization, market share, the
impact of domestic and localized market players, analyses opportunities in
terms of emerging revenue pockets, changes in market regulations, strategic
market growth analysis, market size, category market growths, application
niches and dominance, product approvals, product launches, geographic
expansions, technological innovations in the market. To gain more info on the
usage-based insurance market, contact Data Bridge Market Research for an Analyst
Brief. Our team will help you take an informed market decision to achieve
market growth.
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Asia-Pacific Usage
Based Insurance Market Scope and Market Size:
usage-based insurance market is segmented on the basis of
package type, technology, vehicle type, vehicle age, device offering and
electric and hybrid vehicle. The growth among segments helps you analyze niche
pockets of growth and strategies to approach the market and determine your core
application areas and the difference in your target markets.
On the basis of package type, the usage-based insurance
market has been segmented as pay-as-you-drive (PAYD) pay-how-you-drive (PHYD)
and manage-how-you-drive (MHYD).
On the basis of technology, the usage-based insurance
market has been segmented as OBD-II, smartphone, black
box, embedded and other technologies.
On the basis of vehicle type, the usage-based insurance
market has been segmented as light-duty vehicle (LDV) and heavy-duty vehicle
(HDV).
On the basis of vehicle age, the usage-based insurance
market has been segmented as new vehicle and on-road vehicle.
On the basis of device offering, the usage-based
insurance market has been segmented as bring your own device (BYOD) and company
provided.
On the basis of electric and hybrid vehicle, the
usage-based insurance market has been segmented into battery electric vehicle
(BEV), hybrid electric vehicle (HEV) and plug-in hybrid vehicle (PHEV).
Market
Competitors:
The major players covered in the usage-based insurance
market report are 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., and UNIPOLSAI ASSICURAZIONI S.P.A. among other. DBMR analysts
understand competitive strengths and provide competitive analysis for each
competitor separately.
Key Pointers Covered in
the Asia-Pacific Usage Based Insurance Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE
REPORT:
Chapter One: Asia-Pacific Usage Based Insurance Market
Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Asia-Pacific Usage Based Insurance
Market Competition, by Players
Chapter Four: Asia-Pacific Usage Based Insurance Market
Size by Regions
Chapter Five: Asia-Pacific Usage Based Insurance Market
Revenue by Countries
Chapter Six: Asia-Pacific Usage Based Insurance Market
Revenue by Type
Chapter Seven: Asia-Pacific Usage Based Insurance Market
Revenue by Application
Chapter Eight: Asia-Pacific Usage Based Insurance Market
Revenue by Industries
Chapter Nine: Asia-Pacific Usage Based Insurance Market
Revenue by Deployment Model
Chapter Ten: Asia-Pacific Usage Based Insurance Market
Revenue by End User
Get Table of Content https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-usage-based-insurance-market
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