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Global Aviation Insurance Market Size Study, by Type (Passenger Liability Insurance, Public Liability Insurance, Combined Single Limit (CSL), In-Flight Insurance, Others), by Application (Commercial Aviation Insurance, General and Business Aviation Insurance, Others), by Product Type (Contingent, General Aviation, Space, Aerospace, Airlines), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G8426C07D4DDEN
Bizwit Research & Consulting LLP

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The Global Aviation Insurance Market was valued at USD 4.35 billion in 2023 and growing at a CAGR of 6.01% from 2024-2032. This specialized sector within the insurance industry provides coverage for risks associated with aviation operations. It offers a wide range of insurance products and services tailored to the unique needs of aviation stakeholders, including aircraft owners, operators, manufacturers, airports, and service providers. Aviation insurance typically covers various aspects of aviation-related risks, including aircraft hull and liability insurance, passenger liability, aviation-related liabilities such as product liability and hangar keeper's liability, and in-flight insurance for passengers and crew members. These products are designed to protect against a diverse range of risks, including accidents, incidents, damage to aircraft or property, bodily injury, loss of life, and third-party liabilities. The aviation insurance market is characterized by its complexity and specialized nature, requiring insurers to have a deep understanding of aviation operations, regulatory requirements, and industry standards. Insurance underwriters assess risk factors such as aircraft type, usage, safety record, pilot experience, and geographic location to determine appropriate coverage and pricing for aviation insurance policies by aviation brokers.

The rise in air passenger traffic and the increase in government rules and regulations for passenger safety positively impact the growth of the market. However, factors such as costly aviation insurance premiums hamper market growth, while the increasing frequency and cost of claims limit market expansion. However, rising expenditure on international airlines is expected to offer remunerative opportunities for the market's expansion during the forecast period. The aviation insurance market is influenced by various factors, including trends in air travel, regulatory changes, technological advancements, safety standards, and emerging aviation risk management. As the aviation industry continues to evolve and expand globally, the demand for innovative and comprehensive insurance products and services in the aviation insurance market is expected to grow, creating opportunities for insurers to provide value-added solutions and support the evolving needs of aviation stakeholders.

North America attained the highest growth in 2023 and is expected to maintain its dominance during the forecast period, owing to strong domestic demand from the U.S., one of the largest domestic aviation markets in the world. This growth was also driven by several factors such as robust technological advancements, significant investments in research and development, and a strong consumer base eager to adopt new innovations. Therefore, North America achieved the highest growth rate among all regions, positioning itself as a leader in global markets. Furthermore, Asia-Pacific is expected to exhibit the highest growth during the forecast period, owing to economically emergent countries such as China and India, which have manufacturing plants of several industries in the Asia-Pacific region, contributing to the growth of the global market.

Major Market Players Included in This Report:

American International Group, Inc.

AXA

BWI Aviation Insurance

EAA

Global Aerospace, Inc.

Tokio Marine HCC

Travers & Associates Aviation Insurance Agency, LLC

STARR INTERNATIONAL COMPANY, INC.

USAA

USAIG

Allianz Global Corporate & Specialty SE

Avion Insurance

MARSH

Willis Towers Watson

Swiss Re

The Detailed Segments and Sub-Segment of the Market are Explained Below:

By Type:

Passenger Liability Insurance

Public Liability Insurance

Combined Single Limit (CSL)

In-Flight Insurance

Others

By Application:

Commercial Aviation Insurance

General and Business Aviation Insurance

Others

By Product Type:

Contingent

General Aviation

Space

Aerospace

Airlines

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL AVIATION INSURANCE MARKET EXECUTIVE SUMMARY

1.1. Global Aviation Insurance Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By Application
  1.3.3. By Product Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AVIATION INSURANCE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AVIATION INSURANCE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rise in air passenger traffic
  3.1.2. Increase in government regulations for passenger safety
3.2. Market Challenges
  3.2.1. High cost of aviation insurance premiums
  3.2.2. Increasing frequency and cost of claims
3.3. Market Opportunities
  3.3.1. Rising expenditure on international airlines
  3.3.2. Technological advancements in aviation insurance solutions

CHAPTER 4. GLOBAL AVIATION INSURANCE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AVIATION INSURANCE MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Aviation Insurance Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Passenger Liability Insurance
  5.2.2. Public Liability Insurance
  5.2.3. Combined Single Limit (CSL)
  5.2.4. In-Flight Insurance
  5.2.5. Others

CHAPTER 6. GLOBAL AVIATION INSURANCE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Aviation Insurance Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Commercial Aviation Insurance
  6.2.2. General and Business Aviation Insurance
  6.2.3. Others

CHAPTER 7. GLOBAL AVIATION INSURANCE MARKET SIZE & FORECASTS BY PRODUCT TYPE 2022-2032

7.1. Segment Dashboard
7.2. Global Aviation Insurance Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Contingent
  7.2.2. General Aviation
  7.2.3. Space
  7.2.4. Aerospace
  7.2.5. Airlines

CHAPTER 8. GLOBAL AVIATION INSURANCE MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Aviation Insurance Market
  8.1.1. U.S. Aviation Insurance Market
    8.1.1.1. Type breakdown size & forecasts, 2022-2032
    8.1.1.2. Application breakdown size & forecasts, 2022-2032
    8.1.1.3. Product Type breakdown size & forecasts, 2022-2032
  8.1.2. Canada Aviation Insurance Market
    8.1.2.1. Type breakdown size & forecasts, 2022-2032
    8.1.2.2. Application breakdown size & forecasts, 2022-2032
    8.1.2.3. Product Type breakdown size & forecasts, 2022-2032
8.2. Europe Aviation Insurance Market
  8.2.1. UK Aviation Insurance Market
    8.2.1.1. Type breakdown size & forecasts, 2022-2032
    8.2.1.2. Application breakdown size & forecasts, 2022-2032
    8.2.1.3. Product Type breakdown size & forecasts, 2022-2032
  8.2.2. Germany Aviation Insurance Market
    8.2.2.1. Type breakdown size & forecasts, 2022-2032
    8.2.2.2. Application breakdown size & forecasts, 2022-2032
    8.2.2.3. Product Type breakdown size & forecasts, 2022-2032
  8.2.3. France Aviation Insurance Market
    8.2.3.1. Type breakdown size & forecasts, 2022-2032
    8.2.3.2. Application breakdown size & forecasts, 2022-2032
    8.2.3.3. Product Type breakdown size & forecasts, 2022-2032
  8.2.4. Spain Aviation Insurance Market
    8.2.4.1. Type breakdown size & forecasts, 2022-2032
    8.2.4.2. Application breakdown size & forecasts, 2022-2032
    8.2.4.3. Product Type breakdown size & forecasts, 2022-2032
  8.2.5. Italy Aviation Insurance Market
    8.2.5.1. Type breakdown size & forecasts, 2022-2032
    8.2.5.2. Application breakdown size & forecasts, 2022-2032
    8.2.5.3. Product Type breakdown size & forecasts, 2022-2032
  8.2.6. Rest of Europe Aviation Insurance Market
    8.2.6.1. Type breakdown size & forecasts, 2022-2032
    8.2.6.2. Application breakdown size & forecasts, 2022-2032
    8.2.6.3. Product Type breakdown size & forecasts, 2022-2032
8.3. Asia-Pacific Aviation Insurance Market
  8.3.1. China Aviation Insurance Market
    8.3.1.1. Type breakdown size & forecasts, 2022-2032
    8.3.1.2. Application breakdown size & forecasts, 2022-2032
    8.3.1.3. Product Type breakdown size & forecasts, 2022-2032
  8.3.2. India Aviation Insurance Market
    8.3.2.1. Type breakdown size & forecasts, 2022-2032
    8.3.2.2. Application breakdown size & forecasts, 2022-2032
    8.3.2.3. Product Type breakdown size & forecasts, 2022-2032
  8.3.3. Japan Aviation Insurance Market
    8.3.3.1. Type breakdown size & forecasts, 2022-2032
    8.3.3.2. Application breakdown size & forecasts, 2022-2032
    8.3.3.3. Product Type breakdown size & forecasts, 2022-2032
  8.3.4. Australia Aviation Insurance Market
    8.3.4.1. Type breakdown size & forecasts, 2022-2032
    8.3.4.2. Application breakdown size & forecasts, 2022-2032
    8.3.4.3. Product Type breakdown size & forecasts, 2022-2032
  8.3.5. South Korea Aviation Insurance Market
    8.3.5.1. Type breakdown size & forecasts, 2022-2032
    8.3.5.2. Application breakdown size & forecasts, 2022-2032
    8.3.5.3. Product Type breakdown size & forecasts, 2022-2032
  8.3.6. Rest of Asia Pacific Aviation Insurance Market
    8.3.6.1. Type breakdown size & forecasts, 2022-2032
    8.3.6.2. Application breakdown size & forecasts, 2022-2032
    8.3.6.3. Product Type breakdown size & forecasts, 2022-2032
8.4. Latin America Aviation Insurance Market
  8.4.1. Brazil Aviation Insurance Market
    8.4.1.1. Type breakdown size & forecasts, 2022-2032
    8.4.1.2. Application breakdown size & forecasts, 2022-2032
    8.4.1.3. Product Type breakdown size & forecasts, 2022-2032
  8.4.2. Mexico Aviation Insurance Market
    8.4.2.1. Type breakdown size & forecasts, 2022-2032
    8.4.2.2. Application breakdown size & forecasts, 2022-2032
    8.4.2.3. Product Type breakdown size & forecasts, 2022-2032
  8.4.3. Rest of Latin America Aviation Insurance Market
    8.4.3.1. Type breakdown size & forecasts, 2022-2032
    8.4.3.2. Application breakdown size & forecasts, 2022-2032
    8.4.3.3. Product Type breakdown size & forecasts, 2022-2032
8.5. Middle East & Africa Aviation Insurance Market
  8.5.1. Saudi Arabia Aviation Insurance Market
    8.5.1.1. Type breakdown size & forecasts, 2022-2032
    8.5.1.2. Application breakdown size & forecasts, 2022-2032
    8.5.1.3. Product Type breakdown size & forecasts, 2022-2032
  8.5.2. South Africa Aviation Insurance Market
    8.5.2.1. Type breakdown size & forecasts, 2022-2032
    8.5.2.2. Application breakdown size & forecasts, 2022-2032
    8.5.2.3. Product Type breakdown size & forecasts, 2022-2032
  8.5.3. Rest of Middle East & Africa Aviation Insurance Market
    8.5.3.1. Type breakdown size & forecasts, 2022-2032
    8.5.3.2. Application breakdown size & forecasts, 2022-2032
    8.5.3.3. Product Type breakdown size & forecasts, 2022-2032

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. American International Group, Inc.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. AXA
  9.3.3. BWI Aviation Insurance
  9.3.4. EAA
  9.3.5. Global Aerospace, Inc.
  9.3.6. Tokio Marine HCC
  9.3.7. Travers & Associates Aviation Insurance Agency, LLC
  9.3.8. STARR INTERNATIONAL COMPANY, INC.
  9.3.9. USAA
  9.3.10. USAIG
  9.3.11. Allianz Global Corporate & Specialty SE
  9.3.12. Avion Insurance
  9.3.13. MARSH
  9.3.14. Willis Towers Watson
  9.3.15. Swiss Re

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Aviation Insurance market, report scope
TABLE 2. Global Aviation Insurance market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Aviation Insurance market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Aviation Insurance market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Aviation Insurance market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 6. Global Aviation Insurance market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Aviation Insurance market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Aviation Insurance market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Aviation Insurance market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Aviation Insurance market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Aviation Insurance market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Aviation Insurance market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Aviation Insurance market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Aviation Insurance market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Aviation Insurance market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Aviation Insurance market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Aviation Insurance market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Aviation Insurance market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Aviation Insurance market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Aviation Insurance market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Aviation Insurance market, research methodology
FIG 2. Global Aviation Insurance market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Aviation Insurance market, key trends 2023
FIG 5. Global Aviation Insurance market, growth prospects 2022-2032
FIG 6. Global Aviation Insurance market, porters 5 force model
FIG 7. Global Aviation Insurance market, PESTEL analysis
FIG 8. Global Aviation Insurance market, value chain analysis
FIG 9. Global Aviation Insurance market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Aviation Insurance market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Aviation Insurance market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Aviation Insurance market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Aviation Insurance market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Aviation Insurance market, regional snapshot 2022 & 2032
FIG 15. North America Aviation Insurance market 2022 & 2032 (USD Billion)
FIG 16. Europe Aviation Insurance market 2022 & 2032 (USD Billion)
FIG 17. Asia-Pacific Aviation Insurance market 2022 & 2032 (USD Billion)
FIG 18. Latin America Aviation Insurance market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Aviation Insurance market 2022 & 2032 (USD Billion)
FIG 20. Global Aviation Insurance market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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