Product Code: GVR-4-68041-014-0
Aerospace Insurance Market Summary
The global aerospace insurance market size was valued at USD 4.8 billion in 2025 and is projected to grow from USD 4.9 billion in 2026 to USD 7.0 billion by 2033, at a CAGR of 5.2% from 2026 to 2033. North American market dominated the market, accounting for a revenue share of 44.5% in 2025. Increasing aircraft production and air traffic are driving demand for aerospace insurance by expanding the need for coverage for aircraft, liability, and operational risks.
The increasing demand for commercial aircraft is fueling market growth. As airlines expand their fleets to serve more passengers and connect to more destinations, the number of aircraft requiring insurance coverage is also increasing. With more aircraft in operation, the likelihood of damage, accidents, and other unexpected losses increases the need for financial protection. This is encouraging airlines to maintain suitable insurance coverage for their aircraft, passengers, and other parties. As a result, the continued expansion of commercial aircraft fleets is supporting market growth.
Global Aerospace Insurance Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global aerospace insurance based on type, aircraft type, end-user, and region:
- Type Outlook (Revenue, USD Billion, 2021 - 2033)
- Passenger Liability Insurance
- In-flight Insurance
- Ground Risk Hull (motion) Insurance
- Ground Risk Hull (non motion) Insurance
- Others
- Aircraft Type Outlook (Revenue, USD Billion, 2021 - 2033)
- Commercial Aircraft
- General Aviation Aircraft
- Business Jets
- Helicopters
- Others
- End-user Outlook (Revenue, USD Billion, 2021 - 2033)
- Airlines
- General Aviation
- Aerospace
- Others
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Aerospace Insurance Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Aerospace Insurance Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Aerospace Insurance Market: Type Movement Analysis, USD Billion, 2025 & 2033
- 4.3. Passenger Liability Insurance
- 4.3.1. Passenger Liability Insurance Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. In-flight Insurance
- 4.4.1. In-flight Insurance Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.5. Ground Risk Hull (motion) Insurance
- 4.5.1. Ground Risk Hull (motion) Insurance Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.6. Ground Risk Hull (non motion) Insurance
- 4.6.1. Ground Risk Hull (non motion) Insurance Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Aerospace Insurance Market: Aircraft Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Aerospace Insurance Market: Aircraft Type Movement Analysis, USD Billion, 2025 & 2033
- 5.3. Commercial Aircraft
- 5.3.1. Commercial Aircraft Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. General Aviation Aircraft
- 5.4.1. General Aviation Aircraft Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Business Jets
- 5.5.1. Business Jets Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.6. Helicopters
- 5.6.1. Helicopters Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Aerospace Insurance Market: End User Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Aerospace Insurance Market: End User Movement Analysis, USD Billion, 2025 & 2033
- 6.3. Airlines
- 6.3.1. Airlines Markets Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4. General Aviation
- 6.4.1. General Aviation Markets Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5. Aerospace
- 6.5.1. Aerospace Markets Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6. Others
- 6.6.1. Others Markets Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 7. Aerospace Insurance Market: Regional Estimates & Trend Analysis
- 7.1. Aerospace Insurance Market Share, By Region, 2025 & 2033, USD Billion
- 7.2. North America
- 7.2.1. North America aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4.3. India
- 7.4.3.1. India aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4.4. Japan
- 7.4.4.1. Japan aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. South Korea aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.4.6. Australia
- 7.4.6.1. Australia aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.6.3. UAE
- 7.6.3.1. UAE aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
- 7.6.4. South Arica
- 7.6.4.1. South Africa aerospace insurance market estimates & forecasts, 2021 - 2033 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Allianz
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. American International Group, Inc.
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. AXA SA
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Chubb
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Global Aerospace
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Munich Re
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Sompo International Holdings Ltd.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Swiss Re Executive Education
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Tokio Marine HCC
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. UIB Insurance Brokers Private Limited
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments