Aircraft Insurance Market Demand Outlook And Opportunities In Grooming Regions With Forecast 2026

 \

Space Situational Awareness Market Overview Size Expected to Grow at a CAGR over 4.6% from 2018 to 2026

Global Aircraft Insurance Market.

Market Forecast

Global Aircraft Insurance Market is projected to register a CAGR of 5.77% during the review period from 2020 to 2026.

The global aircraft insurance market is expected to grow owing to factors such as the growing air passenger traffic and the high cost of aircraft repair. Furthermore, the development of new airports is also driving the market growth. Additionally, the recent occurrence of the COVID-19 pandemic has also impacted the growth of the market. According to the International Air Transport Association (IATA), the global air transport industry is expected to witness global revenue losses for the passenger business between USD 63 billion and 113 billion in 2020 owing to the ongoing COVID-19 pandemic. Hence, aircraft insurance enables airline operators and other end-users to reduce the losses incurred. Moreover, the growing adoption of advanced technologies such as blockchain, the Internet of Things (IoT), and artificial intelligence (AI) to smoothen operations is also expected to drive the global aircraft insurance market.

However, expensive aviation insurance claims and asset recovery risk associated with airline bankruptcy might hamper the growth of the market.

Market USP

Rising air passenger traffic and high cost associated with aircraft development and repair are increasing the demand for aircraft insurance.

Growth Opportunities in the Market

The commercial aviation segment is expected to be the fastest-growing: The commercial aviation segment is expected to register the higher CAGR during the forecast period of 2020 to 2026. Increasing air passenger traffic across the globe and the rising demand for new aircraft is driving the growth of the segment. Furthermore, stringent government regulations pertaining to aircraft and passenger safety is also encouraging commercial airline operators to invest in aircraft insurance.

Airlines segment expected to register the highest CAGR: The airline's segment is expected to register the highest CAGR during the forecast period from 2020 to 2026 owing to multiple risks involved in operating the airlines such as accidents, flight delays, passenger injuries, and others. To reduce the losses incurred the airline operators invest in aircraft insurance.

Key Players

·        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)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/aircraft-insurance-market-9535



 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more