Aviation Insurance Market to Witness Robust Expansion by 2028

Shubham Bhande
Published on Aug 04, 2023

The global aviation insurance market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing air traffic, strict government regulations to ensure passenger safety, and increased government investments in several countries for development of new airports and renovation of the existing ones. Increasing use of drones, spaceships, and aircraft is also driving demand for aviation insurance and supporting market revenue growth.

Aviation insurance protects aircraft from liability and property damage. Aviation insurance, often known as aircraft insurance, is available for a variety of planes, including regular, experimental, and vintage planes, as well as seaplanes. Physical harm, third-party and passenger liabilities, war or terrorist actions, and general liability coverage for cargo and passenger airlines are all covered under this policy. Aviation insurance was created by keeping in mind aviation service providers, airport operators, and other stakeholders.

Get a sample of the report @  

Revenue growth of the global aviation insurance market is significantly driven by increasing number of passengers choosing air travel in recent years, for which air traffic is increasing across the globe. In addition, emerging countries are creating and extending their current airport terminals to meet growing demand for airline services. As a result, huge airport expansion, which includes automated baggage handling and self-check-ins, is taking place. Increased spending on overseas travel and vacations is also attracting more airline consumers. Climate change, equipment failure, and collisions are some factors that can cause accidents and harm to people and their equipment during air travel, which is expected to further boost market revenue growth.

Competitive Landscape:

  • Aerospace Insurance Managers
  • AIG
  • AXA XL
  • BWI Fly
  • Global Aerospace
  • USAA
  • Great American
  • Ace Aviation
  • Avion Insurance
  • Allianz
  • XL Catlin
  • Assured Partners
  • London Aviation
  • Old Republic
  • Starr Aviation Insurance
  • Tokio Marine HCC
  • Avemco

Insurance Type Outlook (Revenue, USD Billion; 2018-2028)

  • 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

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Commercial Aviation
  • General Business Aviation

End-User Outlook (Revenue, USD Billion; 2018-2028)

  • Service providers
  • Airport operators
  • Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customized copy of the report @

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Get Explore Latest Research Report by Reports and Data:

Lightning Protection Product Market @

Automotive Door Latch Market @

Automotive Flywheel Market @

Automotive Glazing Market @

Automotive Leaf Spring Suspension Market @

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web:

Direct Line: +1-212-710-1370


Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @

Browse More Latest Reports @