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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

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market description
    • Introduction
    • Types of space insurance
      • Table Types of space insurance
      • Table Comparison of first-party property insurance and third-party liability insurance
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ mn)
      • Table Global - Year-over-year growth 2018-2022 (%)
    • Satellite insurance premiums and claims
      • Table Historic satellite launch and space insurance versus claims statistics 2010-2017 ($ million)
      • Table Major satellite launch and in-orbit failures 2015-2017
      • Table New generation LVs set to become operational during 2017-2022
    • Participants in the global satellite launch and space insurance market
      • Table Participants in the satellite insurance market
    • Guide to premium rates
      • Table Deciding factors for satellite launch and space insurance premium
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Launch insurance - Market size and forecast 2017-2022
      • Table Launch insurance - Market size and forecast 2017-2022 ($ mn)
      • Table Launch insurance - Year-over-year growth 2018-2022 (%)
    • Space insurance - Market size and forecast 2017-2022
      • Table Source of satellite loss during first 12 months in orbit (2000-2017)
      • Table Space insurance - Market size and forecast 2017-2022 ($ mn)
      • Table Space insurance - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Satellite manufacturers
    • Satellite operators
    • Launch service providers
    • Launch vehicle manufacturers
    • Space agencies
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year over year growth 2018-2022 (%)
      • Table Planned launches during 2018-2019 in EMEA
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year over year growth 2018-2022 (%)
      • Table Planned launches during 2018-2019 in Americas
      • Table Top 3 countries in Americas
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year over year growth 2018-2022 (%)
      • Table Planned launches in APAC during 2018-2019
      • Table Top 3 countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Number of payloads launched 2014 to 2017
      • Table Global satellite manufacturing market 2017-2022 ($ billion)
      • Table Global satellite ground equipment market and global satellite manufacturing market 2017-2022 ($ billion)
      • Table Legal and regulatory third-party liability insurance requirement in various countries ($ million)
    • Market challenges
      • Table Space launch failures and incidents 2017
  • Market trends
    • Growing demand for small satellites
      • Table Types and weights of small satellites
      • Table Global small satellite market 2017-2022 ($ billion)
      • Table Global small satellite market: Segmentation by end-user 2017 (% share)
    • Entry of private companies in space industry
    • Expected increase in number of partnerships between governments and private space agencies
    • Growing interest in in-orbit servicing technologies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allianz Global Corporate & Specialty
      • Table Allianz Global Corporate & Specialty - Vendor overview
      • Table Allianz Global Corporate & Specialty - Service segments
      • Table Allianz Global Corporate & Specialty - Organizational developments
      • Table Allianz Global Corporate & Specialty - Key offerings
    • American International Group
      • Table American International Group - Vendor overview
      • Table American International Group - Business segments
      • Table American International Group - Organizational developments
      • Table American International Group - Segment focus
      • Table American International Group - Geographic focus
      • Table American International Group - Key offerings
    • Atrium Underwriting Group
      • Table Atrium Underwriting Group - Vendor overview
      • Table Atrium Underwriting Group - Business segment
      • Table Atrium Underwriting Group - Organizational developments
      • Table Atrium Underwriting Group - Geographic focus
      • Table Atrium Underwriting Group - Key offerings
    • Brit Group Services
      • Table Brit Group Services - Vendor overview
      • Table Brit Group Services - Business segments
      • Table Brit Group Services - Organizational developments
      • Table Brit Group Services - Geographic focus
      • Table Brit Group Services - Segment focus
      • Table Brit Group Services - Key offerings
    • elseco
      • Table elseco - Vendor overview
      • Table elseco - Business segments
      • Table elseco - Organizational developments
      • Table elseco - Key offerings
      • Table elseco - Key customers
    • Global Aerospace
      • Table Global Aerospace - Vendor overview
      • Table Global Aerospace - Business segments
      • Table Global Aerospace - Organizational developments
      • Table Global Aerospace - Key offerings
    • MARSH & MCLENNAN COMPANIES
      • Table MARSH & MCLENNAN COMPANIES - Vendor overview
      • Table MARSH & MCLENNAN COMPANIES - Business segments
      • Table MARSH & MCLENNAN COMPANIES - Organizational developments
      • Table MARSH & MCLENNAN COMPANIES - Geographic focus
      • Table MARSH & MCLENNAN COMPANIES - Segment focus
      • Table MARSH & MCLENNAN COMPANIES - Key offerings
    • Munich Re
      • Table Munich Re - Vendor overview
      • Table Munich Re - Business segments
      • Table Munich Re - Organizational developments
      • Table Munich Re - Geographic focus
      • Table Munich Re - Segment focus
      • Table Munich Re - Key offerings
    • XL Group
      • Table XL Group - Vendor overview
      • Table XL Group - Business segments
      • Table XL Group - Organizational developments
      • Table XL Group - Geographic focus
      • Table XL Group - Segment focus
      • Table XL Group - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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