Allied Market Research
Loading...
0
Allied Market Research

Aircraft Insurance Market By Insurance Type (Public Liability Insurance, Passenger Liability Insurance, Combined Single Limit (CSL), In-Flight Insurance and Umbrella Insurance, and Others), Application (Commercial Aviation and General & Business Aviation), and End User (Airlines, Air Taxi Operators, Aircraft Product Manufacturers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11616
Pages: NA
Aug 2021 | 210 Views
   
Author(s) : Vijay Poola
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Aircraft Insurance Market

Request Now !

Aircraft Insurance Market Outlook - 2030

Aircraft insurance refers to indemnification of a client against losses arising from the result of damages, maintenance, or use of aircraft, and hangars at the airport. In addition, it provides coverages for damage to aircraft, property damage, and personal injury. Aircraft insurance is also known as aviation insurance. This insurance typically covers repair or replacement of damaged parts of accidental aircraft.

Generally, the end users of aircraft insurance include airlines, airports, aircraft product manufacturers, leasing companies, air taxi operators, and corporate aircraft operators. Furthermore, surge in adoption of aircraft insurance due to increased global trade and numerous benefits provided in aircraft insurance coverage are the major factors boosting the market growth.

The global aircraft insurance market is segmented on the basis of insurance type, application, end user, and region. Based on insurance type, the market is divided into public liability insurance, passenger liability insurance, combined single limit (CSL), in-flight insurance and umbrella insurance, and others. In terms of application, the market is categorized into commercial aviation and general & business aviation. On the basis of end user, the market is divided into airlines, air taxi operators, aircraft product manufacturers, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global aircraft insurance industry include Ace Aviation, Allianz, American International Group, Inc., AXA, Berkshire Hathaway Inc., Chubb, MARSH LLC, Munich Re, Tokio Marine HCC, Willis Towers Watson. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global aircraft insurance market.

Market Scope and Structure Analysis

Report Metric

                         Details

Market Size Available for Years

2020–2030

Base Year Considered

2020

Forecast Period

2021-2030

Forecast Unit

Value (USD)

Segments Covered

Insurance Type, Application, End User, and Region

Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

Ace Aviation, Allianz, American International Group, Inc., AXA, Berkshire Hathaway Inc., Chubb, MARSH LLC, Munich Re, Tokio Marine HCC, Willis Towers Watson

 

COVID-19 Impact Analysis

  • In the wake of the COVID-19 pandemic situation, the aircraft insurance industry has faced several difficulties as most of the private & commercial flights have been canceled. In addition, these cancellations in flights have severely impacted the revenue of the aircraft insurance industry.
  • Moreover, during the pandemic, as businesses were shut down, the demand for aircraft insurance market forecast had decreased. However, aircraft insurance has witnessed increased demand from cargo flights in transition. Therefore, the COVID-19 health crisis has a moderate impact on the market.

Top Impacting Factors

Rise in air passenger traffic and increase in government rules & regulations for passenger safety are the major factors fueling the market growth. However, costly aviation insurance premium hampers the growth of the market. Contrarily, rising expenditure on international airlines has increased the need for travel insurance, which is expected to accelerate the demand for aviation insurance in the coming years.

Growing Air Passenger Traffic

Rise in number of passengers opting for air travel mode has increased tremendously in the market. In addition, with this growing demand for airline services, emerging nations are developing and expanding their existing airport terminals. Therefore, massive development of airports, which involves automated baggage handling & self-check-ins, further propels the market growth.

Rising Expenditure on International Airlines

Rise in expenditure on international vacation further attracts customers of the airlines industry. In addition, international airline firms incorporate and develop their existing travel policies for their employees, which further contribute to the market growth. Generally, senior executive employees working in the company receive huge benefits in terms of first class and business class tickets for travel purpose. Therefore, rise in expenditure on international vacations is expected to foster the market growth in the coming years.

Key Segments Covered

Segments

Sub-Segments

Insurance Type

  • Public Liability Insurance
  • Passenger Liability Insurance
  • Combined Single Limit (CSL)
  • In-Flight Insurance and Umbrella Insurance
  • Others

Application

  • Commercial Aviation
  • General & Business Aviation

End User

  • Airlines
  • Air Taxi Operators
  • Aircraft Product Manufacturers
  • Others

 

Key Benefits of the Report

  • This study presents analytical depiction of the global market along with the current aircraft insurance trends and future estimations to determine the imminent investment pockets.      
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aircraft insurance market share.   
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global aircraft insurance market growth scenario.           
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.         
  • The report provides a detailed aircraft insurance market analysis depending on the present and future competitive intensity of the market.

Questions Answered in the Aircraft Insurance Market Research Report:  

  • Which are the leading players active in the global aircraft insurance market size?
  • What are the detailed impacts of COVID-19 on the market?
  • What are current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the global market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Aircraft Insurance Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers