Self-driving Car Insurance Market to Reach $88.1 billion, by 2032 at 15.3% CAGR: Allied Market Research
WILMINGTON, Del., March 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Global Self-driving Car Insurance Market by Application (Personal and Commercial), Insurance Coverage (Third Party Liability Coverage and Comprehensive Coverage), and Distribution Channel (Insurance Agents/Brokers, Direct Sales, Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032.
- The COVID-19 pandemic had a negative impact on the global self-driving car insurance market size.
- By application, the personal segment held the highest market share in 2022, accounting for three-fourths of the self-driving car insurance market revenue and is estimated to maintain its leadership status throughout the forecast period.
- However, from 2023 to 2032, the personal segment is expected to grow at the fastest rate of 17.5%.
- However, from 2023 to 2032, the comprehensive plan segment is expected to grow at the fastest rate of 16.3%.