Drone Insurance Global Market Report 2021: COVID-19 Growth And Change from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global drone insurance market.
This report focuses on drone insurance market which is experiencing strong growth. The report gives a guide to the drone insurance market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the drone insurance- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Drone Insurance market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider drone insurance market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The drone insurance market section of the report gives context. It compares the drone insurance market with other segments of the drone insurance market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, drone insurance indicators comparison.
Scope
Markets Covered: 1)By Coverage Type: Liability Coverage; Hull Damage; Theft Coverage; Loss or Flyaway Coverage; Payload Coverage; Personal Injury Coverage; Ground Equipment Coverage; Others
2) By Pricing: Hourly; Monthly; Annually
3) By Application: Commercial; Personal; Others
Companies Mentioned: Allianz Global Corporate & Specialty; AIG US; Avion Insurance; Driessen Assuradeuren; Coverdrone
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the drone insurance market are Allianz Global Corporate & Specialty, AIG US, Avion Insurance, Driessen Assuradeuren, Coverdrone, SkyWatch.AI, Flock, CapriCMW Insurance Services Ltd., Hub International, and Air1 Insurance.
The global drone insurance market is expected to grow from $1.06 billion in 2020 to $1.13 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth is mainly due to the increased operations of drones during the COVID-19 pandemic. Also, commercial activities are resuming, which has also increased drone operations. The market is expected to reach $1.41 billion in 2025 at a CAGR of 5.9%.
The drone insurance market consists of sales of drone insurance by entities (organizations, sole traders and partnerships) that provide insurance coverage for drones. Drone insurance is the insurance that covers the costs associated with accidental bodily harm or damage caused to property or any assets due to drone operations. The drone insurance also covers the cost associated with damage in drones.
The drone insurance market covered in the report is segmented by coverage type into liability coverage, hull damage, theft coverage, loss or flyaway coverage, payload coverage, personal injury coverage, ground equipment coverage, others; by pricing into hourly, monthly, annually, by application into commercial, personal, others.
North America was the largest region in the drone insurance market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The high cost of drone insurance is expected to hamper the growth of the drone insurance market in the coming years. Drone Insurance provides coverage under technical liability and general liability insurance categories. The cost of drone insurance relies on the price of each piece of drone equipment. For example, in 2020 commercial insurance plans vary from $500 to $750 for DJI Phantom drones. Therefore, the high cost of drone insurance limits the growth of the drone insurance market.
The increasing number of drone accidents is expected to drive the growth of the drone insurance market over the coming years. Drones are currently engaged in a variety of sectors that rely on aerial imagery, such as agriculture, insurance, manufacturing, electricity and others. As drones becoming more and more prominent, the risks of a catastrophic crash happening are increasing. According to the dataset of the military drone crashes, 254 drone crashes were recorded in 2019, with an average of two military drones crashing per month. Therefore, the increasing number of drone accidents drives the growth of the drone insurance market.
The launch of different and innovative insurance products is a major trend gaining popularity in the drone insurance market. Major companies operating in the drone insurance sector are focusing on developing advanced solutions for drone insurance. For instance, in June 2020, India-based insurer HDFC ERGO has collaborated with TropoGo, a broad tech start-up, to introduce Pay as you fly insurance for drone operators in India. This insurance policy can include coverage to commercial drone owners and users for third-party liability actions for property damages and bodily injury.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Drone Insurance Market Characteristics
3. Drone Insurance Market Trends And Strategies
4. Impact Of COVID-19 On Drone Insurance
5. Drone Insurance Market Size And Growth
5.1. Global Drone Insurance Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Drone Insurance Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Drone Insurance Market Segmentation
6.1. Global Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Liability Coverage
Hull Damage
Theft Coverage
Loss or Flyaway Coverage
Payload Coverage
Personal Injury Coverage
Ground Equipment Coverage
Others
6.2. Global Drone Insurance Market, Segmentation By Pricing, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Hourly
Monthly
Annually
6.3. Global Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Commercial
Personal
Others
7. Drone Insurance Market Regional And Country Analysis
7.1. Global Drone Insurance Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Drone Insurance Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Drone Insurance Market
8.1. Asia-Pacific Drone Insurance Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Drone Insurance Market
9.1. China Drone Insurance Market Overview
9.2. China Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Drone Insurance Market
10.1. India Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Drone Insurance Market
11.1. Japan Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Drone Insurance Market
12.1. Australia Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Drone Insurance Market
13.1. Indonesia Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Drone Insurance Market
14.1. South Korea Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Drone Insurance Market
15.1. Western Europe Drone Insurance Market Overview
15.2. Western Europe Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Drone Insurance Market
16.1. UK Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Drone Insurance Market
17.1. Germany Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Drone Insurance Market
18.4. France Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Drone Insurance Market
19.1. Eastern Europe Drone Insurance Market Overview
19.2. Eastern Europe Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Drone Insurance Market
20.1. Russia Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Drone Insurance Market
21.1. North America Drone Insurance Market Overview
21.2. North America Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Drone Insurance Market
22.1. USA Drone Insurance Market Overview
22.2. USA Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Drone Insurance Market
23.1. South America Drone Insurance Market Overview
23.2. South America Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Drone Insurance Market
24.1. Brazil Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Drone Insurance Market
25.1. Middle East Drone Insurance Market Overview
25.2. Middle East Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Drone Insurance Market
26.1. Africa Drone Insurance Market Overview
26.2. Africa Drone Insurance Market, Segmentation By Coverage Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Drone Insurance Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Drone Insurance Market Competitive Landscape And Company Profiles
27.1. Drone Insurance Market Competitive Landscape
27.2. Drone Insurance Market Company Profiles
27.2.1. Allianz Global Corporate & Specialty
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. AIG US
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Avion Insurance
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Driessen Assuradeuren
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Coverdrone
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Drone Insurance Market
29. Drone Insurance Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer
Allianz Global Corporate & Specialty
AIG US
Avion Insurance
Driessen Assuradeuren
Coverdrone
SkyWatch.AI
Flock
CapriCMW Insurance Services Ltd.
Hub International
Air1 Insurance