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航空宇宙保険市場レポート:タイプ、用途、地域別、2024-2032

Aerospace Insurance Market Report by Type (Life Insurance, Property Insurance, and Others), Application (Service Providers, Airport Operators, and Others), and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 143 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=157.90円
航空宇宙保険市場レポート:タイプ、用途、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 143 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の航空宇宙保険市場規模は2023年に8億7,040万米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて3%の成長率(CAGR)を示し、2032年までに11億4,160万米ドルに達すると予測しています。同市場は、民間航空施設に対する需要の高まり、航空機の機能性を向上させるための人工知能(AI)の統合の増加、各種保険手続きのデジタル変革の高まりなどを背景に、着実な成長を遂げています。

航空宇宙保険市場の分析:

市場の成長と規模航空宇宙保険市場は、商業航空旅行の需要増加、航空機システムと航空会社運営のデジタル化の高まりを背景に、力強い成長を遂げています。

主な市場促進要因:主な要因としては、規制要件の進化、ハリケーンや山火事などの自然災害の頻度と深刻度の上昇、航空機の改修への注目の高まりなどが挙げられます。

技術の進歩:現在進行中の技術革新は、自律飛行システムやサイバーセキュリティの脅威など、航空宇宙分野に新たな複雑性やリスクをもたらしています。航空宇宙保険会社は、こうした新たな課題に対処するための専門的な補償を提供することで対応しています。

業界の用途航空宇宙保険市場は、航空会社、航空機メーカー、空港運営会社、サービスプロバイダーなど、幅広い業界の利害関係者にサービスを提供しています。

主な市場動向:注目すべき動向としては、保険プロセスのデジタル化、持続可能性や環境・社会・ガバナンス(ESG)への配慮の重視の高まり、航空保険エコシステムにおけるインシュアテック新興企業の急増などが挙げられます。

地理的動向:北米は、航空機のインフラを改善するために航空業界への投資が増加していることから、世界の航空宇宙保険市場をリードしています。しかし、アジア太平洋地域は、民間航空施設に対する需要の高まりから、急成長市場として浮上しています。

競合情勢:市場の主要プレーヤーは競争力を維持するため、デジタル化を取り入れ、製品ポートフォリオを拡大し、インシュアテック企業との提携を模索しています。

課題と機会:課題には、航空リスクの進化、規制の複雑さ、地政学的不確実性などがあります。しかし、新興市場への対応、気候関連リスクへの対応、顧客ニーズの変化に対応したイノベーションなどの機会があれば、これらの課題を克服できると予測されます。

航空宇宙保険市場の動向:

民間航空需要の増加

民間航空旅行の需要の増加が市場の成長を後押ししています。この需要の背景には、経済の拡大、世界化、中間所得層の増加など、さまざまな要因があります。経済が拡大するにつれ、人々の可処分所得が増え、これがレジャーやビジネス旅行の需要の増加につながります。航空会社は、こうした需要の拡大に対応するため、機材や路線を拡大しています。さらに、航空宇宙産業は旅客数とフライト回数の大幅な増加を目の当たりにしています。このような成長は有望である一方、より高いレベルのリスクももたらします。航空宇宙保険は、航空機事故、賠償請求、財物や貨物の損害など、潜在的な問題に対する幅広い補償を提供することで、こうしたリスクを軽減する上で重要な役割を果たしています。航空宇宙保険会社は、航空会社、航空機メーカー、その他の業界関係者が安全かつ持続可能な運航を行えるよう、包括的な保険を提供しています。これには、航空機本体を保護する船体保険、潜在的な法的請求をカバーする賠償責任保険、ハイジャックやテロなどの航空関連リスクに対する補償が含まれます。

技術の進歩と新しい航空機

航空宇宙産業における技術の進歩が市場の成長を支えています。航空機の設計や技術の絶え間ない革新は、保険で対処する必要のある新たなリスクや複雑性をもたらしています。最新の航空機には、自律飛行機能、高度なアビオニクス、複雑な制御システムなどの高度なシステムが搭載されています。こうした技術革新は効率性と安全性を高める一方で、サイバーセキュリティの脅威など潜在的な脆弱性ももたらしています。航空宇宙保険会社は、航空会社や航空機メーカーが十分な備えができるよう、こうした新たなリスクから保護するための専門的な補償を提供するよう適応しています。さらに、電気飛行機やハイブリッド電気飛行機など、環境にやさしく燃料効率の高い航空機の開発も、航空宇宙分野における技術進歩の一分野です。保険会社は、こうした革新的技術に関連するリスクを評価し、その使用から生じる潜在的な挫折や負債をカバーするための保険ソリューションを調整することに積極的に関与しています。

規制の変化とリスク管理

航空宇宙産業における規制の変更とリスク管理の重視の高まりが、市場の成長を後押ししています。世界中の航空当局は、最高レベルの乗客の安全と環境責任を確保するため、安全基準と運航基準を継続的に更新しています。航空会社や航空宇宙企業は、こうした進化する規制を遵守するため、より厳しい監視下に置かれています。このようなコンプライアンスへの関心の高まりにより、より包括的な保険が必要となります。航空宇宙保険会社は、最新の規制要件に沿った専門的な保険を提供し、顧客が必要な基準を満たすことを保証しています。さらに、リスク管理の実践は航空宇宙分野に不可欠なものとなりつつあります。航空会社や航空機メーカーは、業務に関連する潜在的なリスクを積極的に評価し、軽減しています。航空宇宙保険は、このリスク管理戦略に不可欠な要素であり、事故、自然災害、サプライ・チェーンの混乱といった不測の事態に備え、経済的な保護を提供しています。

サイバーセキュリティの脅威

航空宇宙産業がデジタル化し、航空機システムや航空会社の業務が高度な技術に依存するようになるにつれ、サイバーセキュリティの脅威に対する脆弱性が高まっています。サイバー攻撃、データ漏洩、システムの脆弱性のリスクは、航空安全および運航に重大な課題を突きつけています。航空宇宙保険会社は、業界特有のニーズに合わせたサイバー保険商品を開発することで、この脅威の進化に対応しています。これらのサイバー保険は、事業の中断、データ侵害への対応、第三者からの請求に起因する賠償責任など、サイバーインシデントに起因する潜在的な損失をカバーするものです。航空宇宙部門がデジタル技術を業務に統合し続ける中、サイバーセキュリティ保険ソリューションの需要は市場の重要な促進要因となっており、航空関係者がサイバー脅威による潜在的な経済的影響から確実に保護されるようになっています。

自然災害と異常気象

ハリケーン、山火事、悪天候などの自然災害の頻度と深刻さの増大は、航空宇宙産業に重大なリスクをもたらします。これらの災害は航空機、空港施設、航空インフラに損害を与え、多額の財務的損失につながる可能性があります。航空宇宙保険会社は、このようなリスクから保護するための補償を提供し、航空関係者が自然災害による経済的影響から回復できるようにしています。気候変動に関連する課題は、より頻繁で深刻な気象災害を含むため、航空宇宙分野における環境・気象関連リスクに対応する保険ソリューションへの需要が高まっています。気候変動に関連するリスクが進化し続ける中、航空宇宙保険会社は業界のニーズや課題の変化に対応できるよう、保険商品の内容を変化させています。

航空機の老朽化

航空会社は予算の制約や特定の運航上の必要性から、古い航空機を運航することが多いです。このような古い航空機は依然として安全で信頼性が高いが、メンテナンスや修理の頻度が高くなり、コスト増につながる可能性があります。航空宇宙保険会社は、老朽化した航空機に関連する特有のリスクに対処するための専門的な補償を提供し、航空会社の効率的な運航管理を支援しています。

この補償には、潜在的な機械的故障、構造上の問題、および予期せぬメンテナンスが必要となる可能性の増加に対する保護を含めることができます。航空会社は、古い航空機を維持することによる運航上の課題とコスト効率のバランスを取るため、こうした特定のリスクに対応する保険ソリューションが不可欠となり、航空機の老朽化が航空宇宙保険市場を牽引する要因となっています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 航空宇宙保険の世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場内訳:タイプ別
  • 市場内訳:用途別
  • 市場内訳:地域別
  • 市場予測

第6章 市場内訳:タイプ別

  • 生命保険
    • 市場動向
    • 市場予測
  • 損害保険
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:用途別

  • サービスプロバイダー
    • 市場動向
    • 市場予測
  • 空港事業者
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳:地域別

  • 北米
    • 市場動向
    • 市場予測
  • 欧州
    • 市場動向
    • 市場予測
  • アジア太平洋
    • 市場動向
    • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場予測
  • ラテンアメリカ
    • 市場動向
    • 市場予測

第9章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第12章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Allianz SE
    • American International Group Inc.
    • Global Aerospace Inc.
    • Hallmark Financial Services Inc.
    • Marsh LLC
    • China Life Insurance(Overseas)Company Limited
    • Travers & Associates
    • Malayan Insurance
    • Axa S.A.
    • ING Group
    • Old Republic Aerospace
    • Hiscox Ltd.
    • Wells Fargo & Company
    • Avion Insurance
図表

List of Figures

  • Figure 1: Global: Aerospace Insurance Market: Major Drivers and Challenges
  • Figure 2: Global: Aerospace Insurance Market: Sales Value (in Million US$), 2018-2023
  • Figure 3: Global: Aerospace Insurance Market: Breakup by Type (in %), 2023
  • Figure 4: Global: Aerospace Insurance Market: Breakup by Application (in %), 2023
  • Figure 5: Global: Aerospace Insurance Market: Breakup by Region (in %), 2023
  • Figure 6: Global: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 7: Global: Aerospace Insurance Industry: SWOT Analysis
  • Figure 8: Global: Aerospace Insurance Industry: Value Chain Analysis
  • Figure 9: Global: Aerospace Insurance Industry: Porter's Five Forces Analysis
  • Figure 10: Global: Aerospace Insurance (Life Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Aerospace Insurance (Life Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Aerospace Insurance (Property Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Aerospace Insurance (Property Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Aerospace Insurance (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Aerospace Insurance (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Aerospace Insurance (Service Providers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Aerospace Insurance (Service Providers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Aerospace Insurance (Airport Operators) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Aerospace Insurance (Airport Operators) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Aerospace Insurance (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Aerospace Insurance (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: North America: Aerospace Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: North America: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Europe: Aerospace Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Europe: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Asia Pacific: Aerospace Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Asia Pacific: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Middle East and Africa: Aerospace Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Middle East and Africa: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Latin America: Aerospace Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Latin America: Aerospace Insurance Market Forecast: Sales Value (in Million US$), 2024-2032

List of Tables

  • Table 1: Global: Aerospace Insurance Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Aerospace Insurance Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Aerospace Insurance Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Aerospace Insurance Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 5: Global: Aerospace Insurance Market Structure
  • Table 6: Global: Aerospace Insurance Market: Key Players
目次
Product Code: SR112024A1610

The global aerospace insurance market size reached US$ 870.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,141.6 Million by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032. The market is experiencing steady growth driven by the escalating demand for commercial air travel facilities, increasing integration of artificial intelligence (AI) to improve the functionalities of aircrafts, and rising digital transformation of various insurance procedures.

Aerospace Insurance Market Analysis:

Market Growth and Size: The aerospace insurance market is experiencing robust growth, on account of the increasing demand for commercial air travel and rising digitalization of aircraft systems and airline operations.

Major Market Drivers: The primary factors include the evolving regulatory requirements, rising frequency and severity of natural disasters, including hurricanes and wildfires, and increasing focus on renovating aircrafts.

Technological Advancements: Ongoing innovations are introducing new complexities and risks in the aerospace sector, such as autonomous flight systems and cybersecurity threats. Aerospace insurers are adapting by offering specialized coverage to address these emerging challenges.

Industry Applications: The aerospace insurance market serves a wide range of industry stakeholders, including airlines, aircraft manufacturers, airport operators, and service providers.

Key Market Trends: Notable trends include the digital transformation of the insurance process, increased focus on sustainability and environmental, social, and governance (ESG) considerations, and the proliferation of insurtech startups in the aviation insurance ecosystem.

Geographical Trends: North America leads the global aerospace insurance market due to the rising investments in the aviation industry to improve the infrastructure of aircrafts. However, Asia Pacific is emerging as a fast-growing market on account of the escalating demand for commercial air travel facilities.

Competitive Landscape: Key players in the market are embracing digitalization, expanding their product portfolios, and exploring partnerships with insurtech firms to stay competitive.

Challenges and Opportunities: Challenges include the evolving nature of risks in aviation, regulatory complexities, and geopolitical uncertainties. Nonetheless, opportunities for catering to emerging markets, addressing climate-related risks, and innovating in response to changing customer needs are projected to overcome these challenges.

Aerospace Insurance Market Trends:

Increasing demand for commercial air travel

The increasing demand for commercial air travel is propelling the growth of the market. This demand can be attributed to various factors, including economic expansion, globalization, and the growth of the middle-class population. As economies expand, people have more disposable income, and this translates into a higher demand for leisure and business travel. Airlines are expanding their fleets and routes to cater to this growing demand. Moreover, the aerospace industry is witnessing a substantial rise in passenger numbers and the frequency of flights. While this growth is promising, it also introduces a higher level of risk. Aerospace insurance plays a crucial role in mitigating these risks by offering coverage for a wide range of potential issues, including aircraft accidents, liability claims, and damage to property or cargo. Aerospace insurers provide comprehensive policies to airlines, aircraft manufacturers, and other industry stakeholders to ensure that they can operate safely and sustainably. This includes coverage for hull insurance to protect the physical aircraft, liability insurance to cover potential legal claims, and coverage for aviation-related risks, such as hijacking or terrorism.

Technological advancements and new aircraft

Technological advancements in the aerospace industry are supporting the growth of the market. The continuous innovation in aircraft design and technology is introducing new risks and complexities that need to be addressed through insurance coverage. Modern aircraft are equipped with advanced systems, including autonomous flight capabilities, sophisticated avionics, and complex control systems. While these innovations enhance efficiency and safety, they also introduce potential vulnerabilities, such as cybersecurity threats. Aerospace insurers are adapted to provide specialized coverage to protect against these emerging risks, ensuring that airlines and aircraft manufacturers are adequately prepared. Additionally, the development of environment friendly and fuel-efficient aircraft, such as electric or hybrid-electric planes, is another area of technological advancement in the aerospace sector. Insurers are actively involved in evaluating the risks associated with these innovative technologies and tailoring insurance solutions to cover any potential setbacks or liabilities arising from their use.

Regulatory changes and risk management

Regulatory changes and the increasing emphasis on risk management within the aerospace industry are bolstering the market growth. Aviation authorities worldwide are continually updating safety and operational standards to ensure the highest level of passenger safety and environmental responsibility. Airlines and aerospace companies are under greater scrutiny to comply with these evolving regulations. This heightened focus on compliance necessitates more comprehensive insurance coverage. Aerospace insurers offer specialized policies that align with the latest regulatory requirements, ensuring that their clients meet the necessary standards. Additionally, risk management practices are becoming integral to the aerospace sector. Airlines and aircraft manufacturers are proactively assessing and mitigating potential risks associated with their operations. Aerospace insurance is an essential component of this risk management strategy, providing financial protection in case of unforeseen events, such as accidents, natural disasters, or supply chain disruptions.

Cybersecurity threats

As the aerospace industry becomes more digitalized, with aircraft systems and airline operations relying on advanced technology, the vulnerability to cybersecurity threats is rising. The risk of cyberattacks, data breaches, and system vulnerabilities poses a significant challenge to aviation safety and operations. Aerospace insurers are responding to this evolving threat landscape by developing specialized cyber insurance products tailored to the unique needs of the industry. These cyber insurance policies cover potential losses resulting from cyber incidents, including business interruption, data breach response, and liability arising from third-party claims. As the aerospace sector continues to integrate digital technology into its operations, the demand for cybersecurity insurance solutions is a significant driver in the market, ensuring that aviation stakeholders are protected against the potential financial consequences of cyber threats.

Natural disasters and extreme weather events

The increasing frequency and severity of natural disasters, such as hurricanes, wildfires, and severe weather events, pose significant risks to the aerospace industry. These events can damage aircraft, airport facilities, and aviation infrastructure, leading to substantial financial losses. Aerospace insurers provide coverage to protect against such risks, ensuring that aviation stakeholders can recover from the financial impact of natural disasters. Climate change-related challenges, including more frequent and severe weather events, are leading to greater demand for insurance solutions that address environmental and weather-related risks in the aerospace sector. As climate-related risks continue to evolve, aerospace insurers are adapting their offerings to meet the changing needs and challenges of the industry.

Aging aircraft fleets

Airlines often operate older aircraft due to budget constraints or specific operational needs. While these older aircraft can still be safe and reliable, they may require more frequent maintenance and repairs, leading to increased costs. Aerospace insurers offer specialized coverage to address the unique risks associated with aging aircraft, helping airlines manage their operations more effectively.

This coverage can include protection against potential mechanical failures, structural issues, and the increased likelihood of unexpected maintenance requirements. As airlines balance the operational challenges and cost-efficiency of maintaining older fleets, insurance solutions tailored to address these specific risks become essential, making aging aircraft fleets a factor driving the Aerospace Insurance market.

Aerospace Insurance Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

Life Insurance

Property Insurance

Others

Property insurance accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes life insurance, property insurance, and others. According to the report, property insurance represented the largest segment.

Property insurance primarily encompasses insurance policies that protect individuals, businesses, and organizations against financial losses resulting from damage or loss of physical properties, such as homes, buildings, and valuable assets. Property insurance policies can vary widely, covering events like fire, natural disasters, theft, and vandalism. This segment is crucial for homeowners, property owners, and businesses alike, as it provides a safety net against unforeseen events that could result in significant financial setbacks.

The life insurance segment focuses on providing financial protection to individuals and their families in the event of the death of the policyholder. Life insurance policies come in various forms, including term life, whole life, and universal life insurance. These policies offer beneficiaries a financial payout, often referred to as a death benefit, upon the passing of the policyholder.

Breakup by Application:

Service Providers

Airport Operators

Others

Airport operators hold the largest share in the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes service providers, airport operators, and others. According to the report, airport operators accounted for the largest market share.

The airport operators segment represents the largest portion of the market in the aviation industry. Airport operators are responsible for the management, operation, and maintenance of airports and their associated facilities. These entities play a critical role in ensuring the efficient functioning of airports, from passenger services to air traffic management. Airport operators require a range of specialized insurance coverage, including liability insurance for accidents, property insurance for airport infrastructure, and business interruption coverage to address potential revenue losses during disruptions.

The service providers segment encompasses a diverse range of companies and organizations that provide services to the aviation industry, excluding airport operations itself. This category includes airlines, ground handling companies, catering services, aircraft maintenance providers, and many others. Each service provider faces unique risks related to their specific operations. Airlines require coverage for passenger liability and aircraft damage, while maintenance companies need insurance for errors and omissions.

Breakup by Region:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

North America leads the market, accounting for the largest aerospace insurance market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share.

The North America aerospace insurance market is driven by the increasing digitalization in the insurance industry. Insurers are adopting advanced technologies, such as artificial intelligence (AI) and data analytics, to enhance underwriting, claims processing, and customer experience. This digital shift is driven by the need for efficiency, personalization, and cost-effectiveness. Regulatory developments, particularly in the United States, are shaping the insurance landscape. Regulatory changes, such as those related to healthcare insurance and cybersecurity requirements, are influencing product offerings and risk management practices.

Asia Pacific maintains a strong presence driven by the expanding middle class with greater purchasing power. This growth is fueling demand for various insurance products, including life, health, and property insurance. Emerging markets in Asia Pacific, such as India and Southeast Asian countries, present significant opportunities for insurance companies. Rising awareness of insurance benefits and the expanding customer base are propelling the market growth in these regions.

Europe stands as another key region in the market, driven by the need for greater transparency and risk assessment. Environmental, social, and governance (ESG) considerations are gaining prominence in Europe. Insurers are incorporating ESG criteria into their investment strategies and product offerings to meet evolving customer expectations.

Latin America exhibits growing potential in the aerospace insurance market, fueled by the increasing number of insurers offering innovative, flexible products that cater to changing economic conditions.

The Middle East and Africa region show a developing market for aerospace insurance, driven by the increasing demand for property and construction-related insurance coverage.

Leading Key Players in the Aerospace Insurance Industry:

Key players in the insurance market are strategically adapting to changing customer needs and technological advancements. They are investing heavily in digitalization, using artificial intelligence (AI) and data analytics to improve underwriting precision, claims processing efficiency, and customer engagement. Moreover, these players are expanding their product portfolios to meet emerging risks, such as cybersecurity and climate change. Many insurers are embracing sustainable practices and incorporating environmental, social, and governance (ESG) criteria into their investment strategies and insurance offerings to align with evolving customer expectations and regulatory requirements. Additionally, they are exploring partnerships with insurtech startups to stay innovative and competitive in a rapidly evolving industry landscape.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Allianz SE

American International Group Inc.

Global Aerospace Inc.

Hallmark Financial Services Inc.

Marsh LLC

China Life Insurance (Overseas) Company Limited

Travers & Associates

Malayan Insurance

Axa S.A.

ING Group

Old Republic Aerospace

Hiscox Ltd.

Wells Fargo & Company

Avion Insurance

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

November 2021: Global Aerospace Inc. and SkyWatch collaborated to launch a usage-based insurance product for rented light aircraft that offers yearly, monthly, weekly, and daily coverage options.

November 2022: Marsh LLC announced that it has placed insurance for the first space rocket launch from UK soil.

Key Questions Answered in This Report

  • 1. What was the size of the global aerospace insurance market in 2023?
  • 2. What is the expected growth rate of the global aerospace insurance market during 2024-2032?
  • 3. What has been the impact of COVID-19 on the global aerospace insurance market?
  • 4. What are the key factors driving the global aerospace insurance market?
  • 5. What is the breakup of the global aerospace insurance market based on the type?
  • 6. What is the breakup of the global aerospace insurance market based on the application?
  • 7. What are the key regions in the global aerospace insurance market?
  • 8. Who are the key players/companies in the global aerospace insurance market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Aerospace Insurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Type
  • 5.5 Market Breakup by Application
  • 5.6 Market Breakup by Region
  • 5.7 Market Forecast

6 Market Breakup 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 Others
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup 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 Others
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Europe
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Asia Pacific
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Middle East and Africa
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Latin America
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 SWOT Analysis

  • 9.1 Overview
  • 9.2 Strengths
  • 9.3 Weaknesses
  • 9.4 Opportunities
  • 9.5 Threats

10 Value Chain Analysis

11 Porter's Five Forces Analysis

  • 11.1 Overview
  • 11.2 Bargaining Power of Buyers
  • 11.3 Bargaining Power of Suppliers
  • 11.4 Degree of Competition
  • 11.5 Threat of New Entrants
  • 11.6 Threat of Substitutes

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 Malayan Insurance
    • 12.3.9 Axa S.A.
    • 12.3.10 ING Group
    • 12.3.11 Old Republic Aerospace
    • 12.3.12 Hiscox Ltd.
    • 12.3.13 Wells Fargo & Company
    • 12.3.14 Avion Insurance