DUBLIN, January 27, 2023 /PRNewswire/ — The “Aerospace Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s sacrifice.
The global aviation insurance market has reached US$810.9 million in 2021. In the future, the publisher expects the market to reach US$994.4 million by 2027, with a CAGR of 3.46% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and evaluate the direct as well as the indirect impact of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Aviation insurance includes various insurance policies for airlines, airports and their operations. It covers losses incurred due to physical damage, third party and passenger liability, war or terrorist activities and general liability coverage for cargo and passenger airlines.
It is specially designed for aviation service providers, airport operators, etc. The insurance provider charges a predetermined premium at regular intervals from the aircraft owners which varies depending on the size of the operations, air traffic data and the number of airlines using the airport. services.
The thriving aviation industry, along with an increasing number of airports around the world, is the key factor driving the growth of the market. In recent years, the number of passengers opting for air travel has increased significantly. To meet this increasing demand, both emerging and developing countries are modernizing and expanding their existing airport terminals, as well as creating new ones.
Additionally, the development of smart airports using various automated solutions such as self-check-in kiosks and automated baggage handling systems are also contributing to the market growth. Furthermore, with the growing need for jet fuel and group handling, aviation product liability is likely to increase, thereby catalyzing the demand for insurance services.
Apart from this, increasing space exploration activities with drones, spaceships and aircrafts are also boosting the market growth. Insurance buyers protect themselves and equipment against accidents and any damage caused by climate changes, equipment breakdowns and collisions. In addition, the falling insurance premium rates ensure an increase in the number of policyholders, which positively affects the market growth.
The publisher’s latest report provides an in-depth insight into the global aviation insurance market covering all its essential aspects. These range from macro overview of the market to micro details of industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and anyone who has any kind of interest or plans to enter the aviation insurance market in any way.
The report also analyzed the competitive landscape of the market with some of the key players such as Allianz SE, American International Group Inc., Avion Insurance, Axa SA, China Life Insurance (Overseas) Company Limited, Global Aerospace Inc., Hallmark Financial Services Inc. ., Hiscox Ltd., ING Group, Malayan Insurance, Marsh LLC, Old Republic Aerospace, Travers & Associates, Wells Fargo & Company, etc.
Key questions answered in this report:
How has the global aviation insurance market performed so far and how will it perform in the coming years?
What are the major regional markets in the global aviation insurance industry?
What has been the impact of COVID-19 on the global aviation insurance market?
What is the market segmentation based on type?
What is the market segmentation based on application?
What are the different stages in the value chain of the global aviation insurance industry?
What are the key drivers and challenges in the global aviation insurance industry?
What Is The Structure Of The Global Aviation Insurance Industry And Who Are The Key Players?
What is the degree of competition in the global aviation insurance industry?
Key topics covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key industry trends
5 Global Aviation Insurance Market
5.1 Market Overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Breakdown by Type
5.5 Market Breakdown by Application
5.6 Market Breakdown by Region
5.7 Market Forecast
6 Market Breakdown by Type
6.1 Life Insurance
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Property Insurance
6.2.1 Market trends
6.2.2 Market Forecast
6.3.1 Market trends
6.3.2 Market forecast
7 Market Breakdown by Application
7.1 Service Providers
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Airport Operators
7.2.1 Market trends
7.2.2 Market forecast
7.3.1 Market trends
7.3.2 Market forecast
8 Market Breakdown by Region
9 SWOT analysis
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
12 Competitive landscape
12.1 Market structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Allianz SE
12.3.2 American International Group Inc.
12.3.3 Global Aerospace Inc.
12.3.4 Hallmark Financial Services Inc.
12.3.5 Marsh LLC
12.3.6 China Life Insurance (Overseas) Company Limited
12.3.7 Travers & Associates
12.3.8 Malaysian Insurance
12.3.9 Axa SA
12.3.10 ING Group
12.3.11 Old Republic Aviation
12.3.12 Hiscox Ltd.
12.3.13 Wells Fargo & Company
12.3.14 Aircraft insurance
For more information on this report visit https://www.researchandmarkets.com/r/x3z6t
Research and markets
Laura WoodSenior Manager
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SOURCE Research and Markets