Aerospace Insurance Market Size, Share & Trends Analysis Report By Type, By Aircraft Type, By End-user, By Region, And Segment Forecasts, 2026 - 2033

PUBLISHED: August 28, 2026

PAGES: 130 Pages

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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
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
Latin America
- Brazil
Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa

Product Code: GVR-4-68041-014-0

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

Product Code: GVR-4-68041-014-0

List of Tables

Table 1 Aerospace insurance market, 2021 - 2033 (USD Billion)
Table 2 Global market estimates and forecasts, by region, 2021 - 2033 (USD Billion)
Table 3 Global market estimates and forecasts, by type, 2021 - 2033 (USD Billion)
Table 4 Global market estimates and forecasts, by aircraft type, 2021 - 2033 (USD Billion)
Table 5 Global market estimates and forecasts, by end user, 2021 - 2033 (USD Billion)
Table 6 Passenger liability insurance type market, by region, 2021 - 2033 (USD Billion)
Table 7 In-flight insurance market, by region, 2021 - 2033 (USD Billion)
Table 8 Ground risk hull (motion) insurance market, by region, 2021 - 2033 (USD Billion)
Table 9 Ground risk hull (non motion) insurance market, by region, 2021 - 2033 (USD Billion)
Table 10 Others market, by region, 2021 - 2033 (USD Billion)
Table 11 Commercial aircraft market, by region, 2021 - 2033 (USD Billion)
Table 12 General aviation aircraft market, by region, 2021 - 2033 (USD Billion)
Table 13 Business jets market, by region, 2021 - 2033 (USD Billion)
Table 14 Helicopters market, by region, 2021 - 2033 (USD Billion)
Table 15 Others market, by region, 2021 - 2033 (USD Billion)
Table 16 Airlines market, by region, 2021 - 2033 (USD Billion)
Table 17 General aviation market, by region, 2021 - 2033 (USD Billion)
Table 18 Aerospace market, by region, 2021 - 2033 (USD Billion)
Table 19 Others market, by region, 2021 - 2033 (USD Billion)
Table 20 North America aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 21 North America aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 22 North America aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 23 U.S. aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 24 U.S. aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 25 U.S. aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 26 Canada aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 27 Canada aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 28 Canada aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 29 Mexico aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 30 Mexico aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 31 Mexico aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 32 Europe aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 33 Europe aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 34 Europe aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 35 Germany aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 36 Germany aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 37 Germany aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 38 UK aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 39 UK aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 40 UK aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 41 France aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 42 France aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 43 France aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 44 Asia Pacific aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 45 Asia Pacific aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 46 Asia Pacific aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 47 China aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 48 China aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 49 China aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 50 India aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 51 India aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 52 India aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 53 Japan aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 54 Japan aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 55 Japan aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 56 South Korea aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 57 South Korea aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 58 South Korea aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 59 Australia aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 60 Australia aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 61 Australia aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 62 Latin America aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 63 Latin America aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 64 Latin America aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 65 Brazil aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 66 Brazil aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 67 Brazil aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 68 Middle East & Africa (MEA) aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 69 Middle East & Africa (MEA) aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 70 Middle East & Africa (MEA) aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 71 UAE aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 72 UAE aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 73 UAE aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 74 Saudi Arabia aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 75 Saudi Arabia aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 76 Saudi Arabia aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 77 South Africa aerospace insurance market, by type, 2021 - 2033 (USD Billion)
Table 78 South Africa aerospace insurance market, by aircraft type, 2021 - 2033 (USD Billion)
Table 79 South Africa aerospace insurance market, by end user, 2021 - 2033 (USD Billion)
Table 80 Company Market Share, 2025
Table 81 Company Heat Map Analysis
Table 82 Key companies undergoing expansion
Table 83 Key companies undergoing collaborations
Table 84 Key companies undergoing new aircraft type launch
Table 85 Key companies undergoing mergers & acquisitions
Table 86 Key companies undergoing other strategies

List of Figures

Fig. 1 Aerospace insurance market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Competitive landscape snapshot
Fig. 9 Parent market value, 2025 (USD Billion)
Fig. 10 Aerospace insurance market - industry value chain analysis
Fig. 11 Aerospace insurance market dynamics
Fig. 12 Aerospace insurance market: Porter's analysis
Fig. 13 Aerospace insurance market: PESTEL analysis
Fig. 14 Aerospace insurance market, by type: Key takeways
Fig. 15 Aerospace insurance market, by type: Market share, 2025 & 2033
Fig. 16 Aerospace insurance market estimates & forecasts, by passenger liability insurance, 2021 - 2033 (USD Billion)
Fig. 17 Aerospace insurance market estimates & forecasts, by in-flight insurance, 2021 - 2033 (USD Billion)
Fig. 18 Aerospace insurance market estimates & forecasts, by ground risk hull (motion) insurance, 2021 - 2033 (USD Billion)
Fig. 19 Aerospace insurance market estimates & forecasts, by ground risk hull (non motion) insurance, 2021 - 2033 (USD Billion)
Fig. 20 Aerospace insurance market estimates & forecasts, by others, 2021 - 2033 (USD Billion)
Fig. 21 Aerospace Insurance, by aircraft type: Key takeways
Fig. 22 Aerospace Insurance, by aircraft type: Market share, 2025 & 2033
Fig. 23 Aerospace insurance market estimates & forecasts, by commercial aircraft, 2021 - 2033 (USD Billion)
Fig. 24 Aerospace insurance market estimates & forecasts, by general aviation aircraft, 2021 - 2033 (USD Billion)
Fig. 25 Aerospace insurance market estimates & forecasts, by business jets, 2021 - 2033 (USD Billion)
Fig. 26 Aerospace insurance market estimates & forecasts, by helicopters, 2021 - 2033 (USD Billion)
Fig. 27 Aerospace insurance market estimates & forecasts, by others, 2021 - 2033 (USD Billion)
Fig. 28 Aerospace Insurance, by end user: Key takeways
Fig. 29 Aerospace Insurance, by end user: Market share, 2025 & 2033
Fig. 30 Aerospace insurance market estimates & forecasts, by airlines, 2021 - 2033 (USD Billion)
Fig. 31 Aerospace insurance market estimates & forecasts, by general aviation, 2021 - 2033 (USD Billion)
Fig. 32 Aerospace insurance market estimates & forecasts, by aerospace, 2021 - 2033 (USD Billion)
Fig. 33 Aerospace insurance market estimates & forecasts, by others, 2021 - 2033 (USD Billion)
Fig. 34 Aerospace insurance, by level of autonomy: Key takeways
Fig. 35 North America aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 36 U.S. aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 37 Canada aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 38 Mexico aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 39 Europe aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 40 Germany aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 41 UK aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 42 France aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 43 Asia Pacific aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 44 China aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 45 India aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 46 Japan aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 47 South Korea aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 48 Australia aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 49 Latin America aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 50 Brazil aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 51 Middle East & Africa aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 52 UAE aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 53 Saudi Arabia aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 54 South Africa aerospace insurance market, 2021 - 2033 (USD Billion)
Fig. 55 Company market positioning
Fig. 56 Company market share analysis, 2025
Fig. 57 Strategic framework