Market Overview

Global Aerospace Insurance Market 2018-2022 | Key Insights and Forecasts | Technavio

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The global aerospace insurance market is expected to decline to USD 3.16
billion by 2022, according to the latest market research report by Technavio.
The growth momentum of the market is expected to decelerate due to a
decline in the year-over-year growth. The risk of accidents poses as one
of the major challenges in the market as aviation accidents, although
infrequent, have the potential to result in large property damages and a
high number of fatalities.

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Technavio has published a new market research report on the global aerospace insurance market from 2 ...

Technavio has published a new market research report on the global aerospace insurance market from 2018-2022. (Graphic: Business Wire)

Technavio researchers, however, project the construction and expansion
of airports as a key factor that is expected to drive market growth. As
the aviation industry is experiencing a substantial increase in the
passenger traffic, the demand for additional aircraft has gained
momentum. This development has also created a parallel demand for the
expansion of existing terminals. Subsequently, to avoid congestion in
the existing airports and cater to the rising passenger traffic, various
countries are investing substantial funds in the development of new
airports, especially in fast-growing regions of APAC, the Middle-East,
and Africa.

This market research report on the global
aerospace insurance market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

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only:
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market snapshot before purchasing

In this report, Technavio highlights the evolution of non-airline
aviation services as one of the key emerging trends in the global
aerospace insurance market:

Global aerospace insurance market: Evolution of
non-airline aviation services

Commercial airlines are facing several challenges such as increased time
for security checks, frequent cancellations, lengthy delays, and routes
that must cover major hubs, rather than smaller airports closer to the
passengers' desired destinations. Moreover, the groundings of various
new aircraft over safety issues has further increased the passenger
disappointment with commercial passenger airlines. This has a
significant impact on the insurance market for commercial airlines.

"Since the 9/11 terrorist attacks, more corporate travelers prefer
non-airline aviation services, which has boosted the growth of this
market. The business travelers that avail charter flights are often
insured and the price is included in the ticket price. Business
travelers and high net worth individuals are buying flight cards
provided by charter aircraft companies. This helps the growth of the
global business jets insurance market,"
says a senior analyst at
Technavio for research on commercial aviation.

Global aerospace insurance market: Segmentation
analysis

This market research report segments the global aerospace insurance
market by end-user (service providers and airport operators) and
geographical regions (APAC, EMEA, and the Americas).

The service providers segment held the largest market share in 2017,
accounting for nearly 90% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 38% of the
market share. The market share occupied by this region is anticipated to
decrease during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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