Automotive Telematics Insurance Market Trends, 2018-2022
Telematics or connected vehicle ecosystem is a major market within the automotive industry which has a high growth potential. The development of telematics service has opened the gateway for many new non-automotive players. These non-automotive players have developed their service and offer to consumers directly.
Telematics or connected vehicle ecosystem is a major market within the automotive industry which has a high growth potential. The development of telematics service has opened the gateway for many new non-automotive players. These non-automotive players have developed their service and offer to consumers directly.
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1 Research Scope & BIS Methodology<br />
1.1 Scope of the Report<br />
The report constitutes of an in-depth study on global automotive telematics insurance market. The<br />
study includes a thorough analysis of the types of devices such as hardwired, smartphones, on-board<br />
devices and embedded applicable in the market. The study also presents a detailed analysis of the market<br />
dynamics, and the estimation of the market size over the forecast period <strong>2018</strong>-<strong>2022</strong>. In the report,<br />
major automotive telematics insurance distribution channels are identified as OEM and aftermarket and<br />
an analysis is performed based on different regions. The market estimations may vary from 5-7% as<br />
the data has been collected from different sources at the regional, and country level. The application of<br />
telematics insurance policy in passenger and commercial vehicles have been analysed using case studies.<br />
1.2 Global <strong>Automotive</strong> <strong>Telematics</strong> <strong>Insurance</strong> <strong>Market</strong><br />
The market analysis includes an in-depth examination of the key ecosystem players, and key strategies<br />
and developments taking place in this market. Additionally, it includes the market dynamics (market<br />
drivers, opportunities, and challenges), and industry analysis. The purpose of the study is to gain a<br />
holistic view of the global automotive telematics insurance market in terms of various factors influencing<br />
it, such as recent trends and technological advancements. The market has been segmented into ‘device<br />
type’, ‘distribution channel’, and ‘region’. The scope of this report is centred upon conducting a detailed<br />
study of the product and services allied with the automotive telematics insurance market.<br />
Primary Data Sources<br />
The primary sources involve the industry experts from the Amodo Ltd. (Croatia) including the suppliers,<br />
device manufacturers, and distributors, among others. Resources such as CEOs, vice presidents, marketing<br />
directors, and technology and innovation directors, among others have been interviewed to obtain and<br />
verify both qualitative and quantitative aspects of this research study.<br />
The Key Data Points Taken From Primary Sources Include:<br />
• Validation and triangulation of all the numbers and graphs<br />
• Validation of reports segmentation and key qualitative findings<br />
• Understanding the competitive landscape<br />
• Current and proposed production values of a particular product by market players<br />
• Validation of the numbers of various markets for market type<br />
• Percentage split of individual markets for geographical analysis<br />
Secondary Data Sources<br />
The research study involves the usage of extensive secondary sources such as databases, company<br />
websites, and annual reports.<br />
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