The Global Drone Insurance Market Report by The Business Research Company covers drone insurance market drivers and restraints, drone insurance market size, major players, and the impact of COVID-19 on the drone insurance market.

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 increasing number of drone accidents is expected to drive the growth of the drone insurance market over the coming years. 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%.

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Some drone insurance market trends include the launch of different and innovative insurance products. Major companies operating in the drone insurance sector are focusing on developing advanced solutions for drone insurance.

Global drone insurance market segments include:

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.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, North America is the largest region in the global drone insurance market.

Read More On The Drone Insurance Global Market Report 2021: COVID-19 Growth And Change At:

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The Drone Insurance Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides drone insurance market overviews, analyzes and forecasts market size, share, drone insurance market players, drone insurance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The drone insurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Drone Insurance Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Allianz Global Corporate & Specialty, AIG US, Avion Insurance, Driessen Assuradeuren, Coverdrone, SkyWatch.AI, Flock, CapriCMW Insurance Services Ltd., Hub International, Air1 Insurance.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Drone Insurance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Drone Insurance Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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