According to a recent report published by Allied Market Research, titled, “Aviation Insurance Market by Insurance Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global aviation insurance market size was valued at $3,430.20 million in 2020, and is projected to reach $5,759.97 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.
The global aviation insurance market revenue share is segmented on the basis of insurance type, application, and region. Based on insurance type, the market is divided into public liability insurance, passenger liability insurance, combined single limit (CSL), in-flight insurance, and others. In terms of application, the market is categorized into commercial aviation, general & business aviation and others. Finally, by region, the market is evaluated across Europe, LAMEA, Asia-Pacific, and North America. The province across North America is broken down into the United States, Mexico, and Canada. Europe indexes countries such as the United Kingdom, Italy, France, Spain, Germany, and rest of Europe. Concurrently, Asia-Pacific consists of countries such as South Korea, India, Japan, China, and rest of Asia-Pacific. Finally, LAMEA is classified into Africa, the Middle East, and Latin America.
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Major Impacting Factors: Analysis of the Market Scenario, Current Trends, and Drivers
The factors that are projected to boost/impede the demand for Aviation Insurance Market are evaluated in the study. Additionally, the Covid-19 impact on the growth of the market has also been thoroughly explained. Last but not the least; the potential factors that are expected to offer lucrative opportunities for the market players and are projected to play a pivotal role in the market development are discussed throughout the study.
Covid-19 Impact Analysis
The outbreak of the pandemic has significantly affected the majority industry verticals across the world. The report has covered the overall impact of COVID-19 on the Aviation Insurance Market, providing a detailed study of the scenario. It further doles out the significant market slants & tactics incorporated by the frontrunners throughout the pandemic. Additionally, the report sums up how COVID-19 has taken hold of the supply chain. The Aviation Insurance Market also presents how the roll-out of mass vaccination has become highly favorable to the Aviation Insurance Market. Lastly, the post Covid-19 scenario is also detailed out in the report.
The Main Points Covered in the Aviation Insurance Market
- The Aviation Insurance Market study offers a wide-ranging study with regard to the major industry participants.
- Porter’s five forces analysis aids in defining the potential suppliers & buyers and the viable picture of the shareholders for strategy development.
- A lot of developing as well as developed countries have been outlined in line with their individual revenue support to the regional market.
- The report, finally, focuses on the recent market trends of the global Aviation Insurance Market to get into the dominant opportunities and prospective investment pockets.
- The major drivers, restraints, and opportunities and their thorough impact study are also included in the report.
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Major market players
The report includes a detailed analysis of top players in the Aviation Insurance Market including Ace Aviation, Allianz, American International Group, Inc., AXA, Berkshire Hathaway Inc., Chubb, MARSH LLC, Munich Re, Tokio Marine HCC, and Willis Towers Watson.
The competitive analysis of these companies offers a detailed business overview, portfolio analysis of services and products. These companies have adopted various strategies such as partnership, joint ventures, new product launches, mergers & acquisitions, and collaboration to maintain a foothold in the market and help stakeholders understand the market.
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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