Discover trends, market shifts, and competitive outlooks for the drone insurance industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Is the Current and Projected Market Size of the Drone Insurance Market Through 2034?

The size of the drone insurance market has shown robust growth in the past years. The market is estimated to expand from $1.44 billion in 2024 to $1.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%. The historical growth can be credited to the swift increase in the use of drones, regulatory adherence, the introduction of specialized policies, and heightened risk awareness.

The size of the drone insurance market is anticipated to witness swift expansion in the upcoming years, reaching $2.33 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The predicted growth within this period can be linked to factors such as cooperation within the industry, widening of commercial applications, and concerns related to cybersecurity. In this forecast period, we can expect several trends like technology advancements, addition of AI and data analytics, personalized insurance policies, the union of IoT and telematics, the rise of parametric insurance, solutions for drone fleet management, and market consolidation.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3888&type=smp

What Are the Primary Drivers Supporting the Market Growth of the Drone Insurance Market?

The projected expansion of the drone insurance market is likely to be fueled by the escalating number of drone mishaps. Drones are presently used in several sectors that depend on aerial imagery, encompassing fields like agriculture, insurance, manufacturing, electricity and more. The possibility of severe crashes becomes larger as drones grow increasingly prevalent. For example, research by DroneSec, a company focusing on drone threat intelligence, illustrates that the total number of drone incidents saw a major rise throughout 2022, peaking at 223 cases in November 2022. This number denotes a surge of 130% since January 2022. Hence, the growing number of drone mishaps propels the expansion of the drone insurance market.

Which Primary Segments of the Drone Insurance Market Are Driving Growth and Industry Transformations?

The drone insurance market covered in this report is segmented –

1) By Coverage Type: Liability Coverage, Hull Damage, Theft Coverage, Loss or Flyaway Coverage, Payload Coverage, Personal Injury Coverage, Ground Equipment Coverage, Other Coverage Types

2) By Pricing: Hourly, Monthly, Annually

3) By Application: Commercial, Personal, Other Applications

Subsegments:

1) By Liability Coverage: Third-Party Liability, Personal Injury Liability, Property Damage Liability

2) By Hull Damage: Physical Damage Coverage: Collision Coverage, Comprehensive Coverage

3) By Theft Coverage: Equipment Theft, Drone Theft

3) By Loss Or Flyaway Coverage: Total Loss Coverage, Flyaway Loss Coverage

4) By Payload Coverage: Payload Damage, Payload Theft,

5) By Personal Injury Coverage: Bodily Injury, Psychological Injury,

6) By Ground Equipment Coverage: Ground Control Equipment, Charging Equipment, Other Ground Equipment

7) By Other Coverage Types: Data Liability Coverage, Environmental Damage Coverage, Cyber Liability Coverage

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=3888&type=smp

Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Drone Insurance Market?# Market?

North America was the largest region in the drone insurance market in 2024.The regions covered in the drone insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Most Significant Market Trends in the Drone Insurance Market?

The emergence of diverse and groundbreaking insurance products is a key trend gaining traction in the worldwide drone insurance market. Leading firms in the drone insurance industry are concentrating on crafting cutting-edge drone insurance solutions. For example, New India Assurance Co. Ltd., a public general insurance corporation based in India, introduced the unmanned aircraft system (UAS/UAV/RPAS/drone) insurance in December 2022, making it the foremost public sector participant in this field. Their product presents more than fifteen various supplementary covers, encapsulating physical damage, theft, and accidental body injury to third parties and/or damage to their assets, all of which are customized to cater to the requirements of the drone industry.

View the full report here:

https://www.thebusinessresearchcompany.com/report/drone-insurance-global-market-report

What Parameters Are Used to Define the Drone Insurance Market?

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. Drone insurance also covers the cost associated with damage to drones. The drone insurance provides insurance coverage for drones.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3888

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model