ID: MRFR/A&D/8057-HCR | February 2021 | Region: Global | 168 pages
Global Aircraft Insurance Market is projected to register a CAGR of 5.77% during the forecast period from 2020 to 2026. Aircraft insurance is insurance designed to provide coverage to aircraft operations and the risks involved in the aviation industry.
The Global Aircraft Insurance Market is expected to register a steady growth during the forecast period owing to factors such as increasing air passenger traffic and stringent government regulations pertaining to aircraft and passenger safety. Furthermore, the high cost of aircraft repair and a higher level of liability awards and the development of new airports are also expected to drive the growth of the market.
Rising air passenger traffic and high cost associated with aircraft development and repair are increasing the demand for aircraft insurance.
|Market Size||2026: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Allianz (Germany), STARR INTERNATIONAL COMPANY, INC. (US), MARSH LLC (US), American International Group, Inc. (US), Berkshire Hathaway Inc. (US), AXA (France), Chubb (US), Munich Re (Germany), Ace Aviation (US), Santam Insurance (South Africa), Old Republic Aerospace (US), Tokio Marine HCC (US), Global Aerospace, Inc. (US), Gallagher (US), Willis Towers Watson (UK), Malayan Insurance (Malaysia)|
|Key Market Opportunities||Rising air passenger traffic and high cost associated with aircraft development|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Aircraft insurance market can expand at 5.77% CAGR by 2026.
By 2026, the Aircraft insurance market value can surge at generate decent value.
MARSH LLC (US), Allianz (Germany), and STARR INTERNATIONAL COMPANY, INC. (US) are some reputed names in the Aircraft insurance market.
Upcoming developments in airports can promote the Aircraft insurance market.
Costly aviation fares can restrain the Aircraft insurance market expansion.