Learn about the global drone insurance market through The Business Research Company, which provides information on drone insurance market size, drone insurance market drivers and restraints, drone insurance market players, the COVID-19 impact on the drone insurance market, and more.

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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 increasing number of drone accidents is expected to drive innovation in drone insurance manufacturing, thus driving the market during the forecast period.

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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.

Global Drone Insurance Market Segments Include:

By Coverage Type: Liability Coverage, Hull Damage, Theft Coverage, Loss or Flyaway Coverage, Payload Coverage, Personal Injury Coverage, Ground Equipment Coverage, Others

By Pricing: Hourly, Monthly, Annually

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.

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.

TBRC’s drone insurance market report covers:

Major Market Players: 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)

The Drone Insurance Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides drone insurance market overviews, analyses and forecasts market size, share, drone insurance market players, drone insurance market segments and geographies, leading competitor revenues, profiles and market shares.

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

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