Global Satellite Launch and Space Insurance Market 2018-2022

Global Satellite Launch and Space Insurance Market 2018-2022

About Satellite Launch and Space Insurance

Satellite launch and space insurance is a niche segment of the insurance market that includes the insurance of man-made satellites and space launch vehicles (LVs) and covers the manufacturing to the in-orbit operations phases.
Technavio’s analysts forecast the Global Satellite Launch and Space Insurance Market to grow at a CAGR of 2.26% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the satellite launch and space insurance market. To calculate the market size, the report considers the cumulative underwriting capacity of the vendors in the global satellite launch and space insurance market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, software market for satellite launch and space insurance market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Allianz Global Corporate & Specialty
American International Group
Atrium Underwriting Group
Brit Group Services
elseco
Global Aerospace
Marsh & McLennan Companies
Munich Re
XL Group

Market driver

Rising number of satellite launches
For a full, detailed list, view our report

Market challenge

Decline in space launch insurance and satellite in-orbit insurance costs
For a full, detailed list, view our report

Market trend

Growing demand for small satellites
For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global Satellite Launch and Space Insurance Market 2018-2022

Technavio recognizes the following companies as the key players in the global satellite launch and space insurance market: Allianz Global Corporate & Specialty, American International Group, Atrium Underwriting Group, Brit Group Services, elseco, Global Aerospace, Marsh & McLennan Companies, Munich Re, and XL Group.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing demand for small satellites. The number of small satellites that were launched into the orbit have increased considerably since the past one decade as they cost less and require lower capital investments.”

According to the report, one driver influencing this market is the rising number of satellite launches. The demand for satellite-based services such as climate monitoring, EO, and reconnaissance is on the rise which is going to drive the growth of the market.

Further, the report states that one challenge affecting this market is the decline in space launch insurance and satellite in-orbit insurance costs. The costs of premium for satellite launch and space insurance has reduced over the past few years which is likely to hamper the growth of the market.

Companies Mentioned

Allianz Global Corporate & Specialty
American International Group
Atrium Underwriting Group
Brit Group Services
elseco
Global Aerospace
Marsh & McLennan Companies
Munich Re
XL Group