Dublin – (work wire) – “Aviation Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2021-2026” report has been added to ResearchAndMarkets.com Show.
The global aviation insurance market showed a moderate growth during the period 2015-2020. Looking ahead, the publisher expects the market to grow at a compound annual growth rate of 5.4% over the period 2021-2026.
American International Group
Hallmark Financial Services Inc.
China Life Insurance Corporation
ING . group
Old Republic Aerospace
Keeping in mind the uncertainties related to COVID-19, we are tracking and evaluating the direct and indirect impact of the pandemic on various end-use industries. These insights are included in the report as a major contributor to the market.
Aviation insurance includes various insurance policies for airlines, airports and their operations. Covers losses incurred from physical damage, third party and passenger liability, war or terrorist activities, and freight and passenger general liability coverage. It is specially designed for airline service providers, airport operators, etc. The insurance company charges a predetermined premium at regular intervals from aircraft owners which varies by volume of operations, air traffic data and the number of airlines that use the airport services.
The booming aviation industry, along with the growing number of airports around the world is the main factor driving the growth of the market. In recent years, the number of travelers choosing to travel by plane has increased significantly. In order to meet this growing demand, both emerging and developing countries are modernizing and expanding existing airport lounges as well as constructing new terminals.
Moreover, the development of smart airports utilizing various automated solutions such as self-check-in kiosks and automated baggage handling systems is also contributing to the market growth. Moreover, with the increasing need for aircraft refueling and batch handling, aviation product commitments are likely to increase, thus stimulating demand for insurance services. Apart from this, the increase in space exploration activities using drones, spaceships and aircraft is also favoring the growth of the market. Insurance buyers protect themselves and their equipment from accidents and any damage caused by weather changes, equipment failures and collisions. Besides, lower premium rates ensures an increase in the number of policy makers, which has a positive impact on market growth.
The publisher’s latest report offers an in-depth look at the global Aviation Insurance market covering all its essential aspects. This ranges from a comprehensive market overview to the minute details of industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s Five Forces analysis, value chain analysis, etc. This report is a must read for industry players, investors, researchers, consultants, business strategists and all those who have any type of equity or are planning to enter the aviation insurance market in any way.
Key questions answered in this report:
How has the global aviation insurance market performed so far and how will it perform in the coming years?
What are the major regional markets in the global aviation insurance industry?
What is the impact of COVID-19 on the global aviation insurance market?
What is the market segmentation by type?
What is the market breakdown based on application?
What are the different stages in the value chain of the global aviation insurance industry?
What are the major driving factors and challenges in the global aviation insurance industry?
What is the structure of the global aviation insurance industry and who are the major players?
What is the degree of competition in the global aviation insurance industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key industry trends
5 Global Aviation Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market segmentation by type
5.5 Market Breakdown by Application
5.6 Market segmentation by region
5.7 Market Outlook
6 Market segmentation by type
7 Market Breakdown by Application
8 Market segmentation by region
9 SWOT Analysis
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
12 competitive scenes
12.1 Market Structure
12.2 The main players
12.3 Features of the main players
For more information on this report, visit https://www.researchandmarkets.com/r/ey1d5z