Global Aircraft Insurance Market 2022-2028

Global Aircraft Insurance Market 2022-2028

Aircraft insurance is the most comprehensive of the available insurance options, needing to cover the aircraft in the hangar, on the ground, and in the air, as well as any passengers on board the aircraft. The global aircraft insurance market is expected to increase by USD 3 million, at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2028, according to the latest edition of the Global Aircraft Insurance Market Report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global aircraft insurance market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the aircraft insurance industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, end user, and region. The global market for aircraft insurance can be segmented by product: public liability insurance (PLI), passenger liability insurance, in flight insurance, ground risk hull (non-motion) insurance, combined single limit (CSL), ground risk hull (motion) insurance, hangar and ground service equipment insurance, umbrella insurance. Among these, the PLI segment was accounted for the highest revenue generator in 2021. Aircraft insurance market is further segmented by application: commercial aviation, business & general aviation. The commercial aviation segment is estimated to account for the largest share of the global aircraft insurance market. Based on end user, the aircraft insurance market is segmented into: air taxi operators, aircraft product manufacturers, airlines, airports, corporate aircraft operators and owners, ground operators, individual general aviation aircraft operators, leasing companies, maintenance repair & overhaul (MRO) companies. On the basis of region, the aircraft insurance market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By product:

• public liability insurance (PLI)
• passenger liability insurance
• in flight insurance
• ground risk hull (non-motion) insurance
• combined single limit (CSL)
• ground risk hull (motion) insurance
• hangar and ground service equipment insurance
• umbrella insurance

By application:

• commercial aviation
• business & general aviation

By end user:

• air taxi operators
• aircraft product manufacturers
• airlines
• airports
• corporate aircraft operators and owners
• ground operators
• individual general aviation aircraft operators
• leasing companies
• maintenance repair & overhaul (MRO) companies

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The market research report covers the analysis of key stake holders of the global aircraft insurance market. Some of the leading players profiled in the report include Ace Holding W.L.L., Allianz SE, American International Group, Inc. (AIG), Arthur J. Gallagher & Co., AXA SA, Chubb Limited, Marsh LLC, Munich Re Group, Starr International Company, Inc., Willis Towers Watson plc, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global aircraft insurance market.
• To classify and forecast the global aircraft insurance market based on product, application, end user, region.
• To identify drivers and challenges for the global aircraft insurance market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global aircraft insurance market.
• To identify and analyze the profile of leading players operating in the global aircraft insurance market.

Why Choose This Report

• Gain a reliable outlook of the global aircraft insurance market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.