Aviation Insurance Market Overview
The market’s expansion is being fuelled by a booming aviation sector associated an increasing range of airports throughout the globe. the number of individuals who choose to travel by plane has up dramatically in recent years. the number main drivers who market growth are an increase in air traveller traffic and a rise in government laws and rules for traveller safety. each rising and developing countries are upgrading and increasing their current field terminals, in addition as building new ones, to satisfy this rising demand. to boot, the emergence of good airports, that use completely different intelligent automation like self-check-in kiosks and automatic baggage handling systems, is adding to promote growth.
Moreover, as the want for craft refuelling and cluster handling grows, region product liabilities ar anticipated to rise, increasing demand for insurance services. except for that, the enhanced use of drones, spacecraft, and planes in house exploration is additionally boosting the market growth. Insurance purchasers defend themselves and their instrumentality from accidents and injury caused by climate changes, breakdown, and collisions. except for that, lower premium costs ar leading to an increase within the range of policyholders, that is boosting the market growth.
The need for travel insurance has big as a results of enhanced payment on international flights, that is projected to drive the Aviation Insurance Market growth. the expansion in international travel and vacation expenditure is attracting a lot of airline passengers that completely impacts the overall market. On the opposite hand, one of the most reasons for the market’s sluggish growth is that prospective constantly are the other turned away by this. The Aviation Insurance Market is confronted with important issues like an absence of information and delayed services. The market growth is additionally hampered by the high cost of aviation insurance premiums.
Report Metric |
Details |
Market size available for years |
2023–2030 |
Base year considered |
2023 |
Forecast period |
2024–2030 |
Forecast unit |
Value (USD Million) |
Segments covered |
Product, Application, End User and Region |
Regions covered |
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
Companies covered |
Wells Fargo, Global Aerospace, American International Group, Avion Insurance, Hallmark Financial Services, Allianz, Willis Towers Watson, MARSH, Johnson Aviation Insurance, and Starr Insurance Companies. |
The covid-19 Impact on Aviation Insurance Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Aviation Insurance Market Segment Overview

Based on Insurance type, The market is divided into Public insurance, passenger liability insurance, Ground Risk Hull Insurance Not-In-Motion, Ground Risk Hull Insurance In-Motion, Combined Single Limit, and on the wing Insurance. The rider liability sector is anticipated to expand the best throughout the projected period. The segment is growing due to rider liability insurance covers passengers WHO are injured as a results of an accident that happens throughout their flight. In several nations throughout the globe, this is often a legal demand. it's sometimes sold on a per-seat basis and is enclosed with the ticket. As a results of supportive legislation and obligatory travel insurance rules, the rider liability sector of the Aviation Insurance Market is anticipated to be the best throughout the forecast period.
Based on Application, The market is divided into non-public craft Insurance and industrial Aviation. The industrial Aviation class crystal rectifier the worldwide craft Insurance Market and is anticipated to expand at the quickest rate throughout the forecasted amount. The section is projected to rise as a result of to the multiplied development of business craft to satisfy the rising air rider traffic. Among all of those, the rider liability sector is anticipated to expand the fastest throughout the projected amount.
Based on end user industry, The market is divided into Service suppliers, flying field operators, and Others. flying field operators are dominating the market share. The expansion of the class is projected to be oil-fired by the event of sensible airports in countries like China and Bharat, multiplied flying field renovation initiatives, and also the high price of developing airports.
Market Analysis, Insights and Forecast – 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
· In Flight Insurance
Market Analysis, Insights and Forecast – By Application
· Private Aircraft Insurance
· Commercial Aviation
Market Analysis, Insights and Forecast – By End User
· Service Providers
· Airport operators
· Others
Aviation Insurance Market Regional Overview
Region-wise, in terms of regions, The Asia Pacific is estimated to own the best share of the Aviation Insurance Market during the projected period. The aviation insurance industry is predicted to be LED by emerging economies like China and emerging. Major producing units in varied sectors are placed in rising countries like india and China, leading to a large working population that travels to those countries on a daily basis. As a result, the govt is increasing its investment within the building of airports and runways during this region.
Aviation Insurance Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aviation Insurance Market Competitor overview
Some key developments and strategies adopted by manufacturers in the flow Cytometry are highlighted below.
· In 2020, airports in 5 U.S. states suffered direct tornado hits, inflicting $125 million in insured damage. Thus, number of such developments across the globe are anticipated to provide lucrative opportunities for the growth of the causing insurance market..
Aviation Insurance Market, Key Players
· Wells Fargo
· Global Aerospace
· American International Group
· Avion Insurance
· Hallmark Financial Services
· Allianz
· Willis Towers Watson
· MARSH
· Johnson Aviation Insurance
· Starr Insurance Companies
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Aviation Insurance market during the forecast period?
Aviation Insurance market is expected to record a CAGR of ~ XX % during the forecast period.
Q2. Which segment is projected to hold the largest share in the Aviation Insurance Market?
Private Aircraft Insurance segment is projected to hold the largest share in the Aviation Insurance Market
Q3. What are the driving factors for the Aviation Insurance market?
The increase in air traveller traffic and a rise in government laws and rules for traveller safety is key factors that boost the growth of the Aviation Insurance market progressively.
Q4. Which Segments are covered in the Aviation Insurance market report?
Product ,Application , End User and Region, these segments are covered in the Aviation Insurance market report.
Q5. Which are the prominent players offering Aviation Insurance?
Wells Fargo, Global Aerospace, American International Group, Avion Insurance, Hallmark Financial Services, Allianz, Willis Towers Watson, MARSH, Johnson Aviation Insurance, and Starr Insurance Companies.
List of Figures
Figure 1: Global Aviation Insurance Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Aviation Insurance Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Aviation Insurance Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Aviation Insurance Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Aviation Insurance Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Aviation Insurance Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Aviation Insurance Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Aviation Insurance Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Aviation Insurance Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Aviation Insurance Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Aviation Insurance Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Aviation Insurance Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Aviation Insurance Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Aviation Insurance Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Aviation Insurance Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Aviation Insurance Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Aviation Insurance Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Aviation Insurance Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Aviation Insurance Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Aviation Insurance Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Aviation Insurance Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Aviation Insurance Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Aviation Insurance Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Aviation Insurance Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Aviation Insurance Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Aviation Insurance Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model