Report overview
Satellite insurance is a specialized branch of aviation insurance in which, as of 2000, about 20 insurers worldwide participate directly. Others participate through reinsurance contracts with direct providers.[1] It covers three risks: relaunching the satellite if the launch operation fails; replacing the satellite if it is destroyed, positioned in an improper orbit, or fails in orbit; and liability for damage to third parties caused by the satellite or the launch vehicle.
This report contains market size and forecasts of Satellite Insurance in Global, including the following market information:
Global Satellite Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Satellite Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Ground risk Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Satellite Insurance include Global Aerospace, AIG, Allianz, USAIG, Hallmark Financial Services, Marsh Inc, Chinalife, Travers Aviation and Malayan Insurance, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Satellite Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Satellite Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Satellite Insurance Market Segment Percentages, by Type, 2021 (%)
Ground risk
Satellite risk
Global Satellite Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Satellite Insurance Market Segment Percentages, by Application, 2021 (%)
Business
Government
Military
Others
Global Satellite Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Satellite Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Satellite Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Satellite Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Global Aerospace
AIG
Allianz
USAIG
Hallmark Financial Services
Marsh Inc
Chinalife
Travers Aviation
Malayan Insurance
AXA
ING Group
Aon
Precious Payload
PICC
Hiscox
