Global Aerospace Insurance Market 2024-2028
The aerospace insurance market is forecasted to grow by USD 819.3 mn during 2023-2028, accelerating at a CAGR of 4.48% during the forecast period. The report on the aerospace insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the expansion and construction of new airports, increase in air passenger traffic, expansion of existing fleet, and launch of new airlines.
Technavio's aerospace insurance market is segmented as below:
ByEnd-user
- Service providers
- Airport operators
- Others
ByType
- In-flight insurance
- Public liability insurance
- Passenger liability insurance
- Others
ByGeography
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the evolution of non-airline aviation services as one of the prime reasons driving the aerospace insurance market growth during the next few years. Also, reduced insurance claims increased underwriting capacity, and the increasing number of partnerships and collaborations will lead to sizable demand in the market.
The report on the aerospace insurance market covers the following areas:
- Aerospace insurance market sizing
- Aerospace insurance market forecast
- Aerospace insurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aerospace insurance market vendors that include Ace Aviation, Allianz SE, American Financial Group Inc., American International Group Inc., Aon plc, Arthur J. Gallagher and Co., Avion Insurance Agency Inc., AXA Group, Berkshire Hathaway Inc., BWI Aviation Insurance Agency Inc., Chubb Ltd., Global Aerospace Underwriting Managers Ltd., Hallmark Financial Services Inc., London Aviation Underwriters Inc., Marsh and McLennan Companies Inc., Munich Reinsurance Co., Starr International Co. Inc., Tokio Marine Holdings Inc., Wells Fargo and Co., and Willis Towers Watson Public Ltd. Co.. Also, the aerospace insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.