The Impact of COVID-19 is included in Aviation Insurance Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Aviation Insurance Trends and Forecast
The future of the global aviation insurance market looks promising with opportunities in the commercial aviation and business and general aviation markets. The global aviation insurance market is expected to reach an estimated $5.39 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rise in air passenger traffic, more innovation in technology, and rising government initiatives towards passenger safety.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aviation Insurance by Segment
The study includes a forecast for the global aviation insurance by insurance type, application, and region.
Aviation Insurance Market by Insurance Type [Shipment Analysis by Value from 2018 to 2030]:
• Public Liability Insurance
• Passenger Liability Insurance
• Ground Risk Hull Insurance Not-in-Motion
• Ground Risk Hull Insurance in-Motion
• Combined Single Limit
• In Flight Insurance
Aviation Insurance Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Aviation
• Business and General Aviation
• Others
Aviation Insurance Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aviation Insurance Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aviation insurance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aviation insurance companies profiled in this report include-
• Allianz
• Axa
• American International
• Chubb
• Usaa
• Marsh
• Aon
Aviation Insurance Market Insights
Lucintel forecasts that passenger liability insurance is expected to witness the highest growth over the forecast period due to strict government regulations.
Within this market, commercial aviation will remain the larger segment due to high risk of accidents and large number of passengers and crew.
APAC is expected to witness highest growth over the forecast period due to rising government regulations and significantly growing air travel in the region.
Features of the Global Aviation Insurance Market
Market Size Estimates: Aviation insurance market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aviation insurance market size by insurance type, application, and region in terms of value ($B).
Regional Analysis: Aviation insurance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different insurance types, applications, and regions for the aviation insurance market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aviation insurance market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aviation insurance market size?
Answer: The global aviation insurance market is expected to reach an estimated $5.39 billion by 2030.
Q2. What is the growth forecast for aviation insurance market?
Answer: The global aviation insurance market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aviation insurance market?
Answer: The major drivers for this market are rise in air passenger traffic, more innovation in technology, and rising government initiatives towards passenger safety.
Q4. What are the major segments for aviation insurance market?
Answer: The future of the aviation insurance market looks promising with opportunities in the commercial aviation and business and general aviation markets.
Q5. Who are the key aviation insurance market companies?
Answer: Some of the key aviation insurance companies are as follows:
• Allianz
• Axa
• American International
• Chubb
• Usaa
• Marsh
• Aon
Q6. Which aviation insurance market segment will be the largest in future?
Answer: Lucintel forecasts that passenger liability insurance is expected to witness the highest growth over the forecast period due to strict government regulations.
Q7. In aviation insurance market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising government regulations and significantly growing air travel in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aviation insurance market by insurance type (public liability insurance, passenger liability insurance, ground risk hull insurance not-in-motion, ground risk hull insurance in-motion, combined single limit, and in flight insurance), application (commercial aviation, business and general aviation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aviation Insurance Market, Aviation Insurance Market Size, Aviation Insurance Market Growth, Aviation Insurance Market Analysis, Aviation Insurance Market Report, Aviation Insurance Market Share, Aviation Insurance Market Trends, Aviation Insurance Market Forecast, Aviation Insurance Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Aviation Insurance Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Aviation Insurance Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Aviation Insurance Market by Insurance Type
3.3.1: Public Liability Insurance
3.3.2: Passenger Liability Insurance
3.3.3: Ground Risk Hull Insurance Not-in-Motion
3.3.4: Ground Risk Hull Insurance in-Motion
3.3.5: Combined Single Limit
3.3.6: In Flight Insurance
3.4: Global Aviation Insurance Market by Application
3.4.1: Commercial Aviation
3.4.2: Business and General Aviation
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Aviation Insurance Market by Region
4.2: North American Aviation Insurance Market
4.2.2: North American Aviation Insurance Market by Application: Commercial Aviation, Business and General Aviation, and Others
4.3: European Aviation Insurance Market
4.3.1: European Aviation Insurance Market by Insurance Type: Public Liability Insurance, Passenger Liability Insurance, Ground Risk Hull Insurance Not-in-Motion, Ground Risk Hull Insurance in-Motion, Combined Single Limit, and In Flight Insurance
4.3.2: European Aviation Insurance Market by Application: Commercial Aviation, Business and General Aviation, and Others
4.4: APAC Aviation Insurance Market
4.4.1: APAC Aviation Insurance Market by Insurance Type: Public Liability Insurance, Passenger Liability Insurance, Ground Risk Hull Insurance Not-in-Motion, Ground Risk Hull Insurance in-Motion, Combined Single Limit, and In Flight Insurance
4.4.2: APAC Aviation Insurance Market by Application: Commercial Aviation, Business and General Aviation, and Others
4.5: ROW Aviation Insurance Market
4.5.1: ROW Aviation Insurance Market by Insurance Type: Public Liability Insurance, Passenger Liability Insurance, Ground Risk Hull Insurance Not-in-Motion, Ground Risk Hull Insurance in-Motion, Combined Single Limit, and In Flight Insurance
4.5.2: ROW Aviation Insurance Market by Application: Commercial Aviation, Business and General Aviation, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Aviation Insurance Market by Insurance Type
6.1.2: Growth Opportunities for the Global Aviation Insurance Market by Application
6.1.3: Growth Opportunities for the Global Aviation Insurance Market by Region
6.2: Emerging Trends in the Global Aviation Insurance Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Aviation Insurance Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Aviation Insurance Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Allianz
7.2: AXA
7.3: American International
7.4: Chubb
7.5: USAA
7.6: Marsh
7.7: Aon
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Aviation Insurance Market Report.