United States Drone Insurance- Market

Drone Insurance- Comprehensive Study by Type (Commercial Drone Insurance, Private Drone Insurance), End Users (Government & Defense, Construction, Retail & Logistics, Media & Entertainment, Agricultural, Sports & Recreational, Others), Term Period (Short Term (few hours to 1 day), Mid Term (>1 day to 1 Month), Long Term (>1 month)), Sales Channel (Direct & Digital, Brokers), Coverage (Comprehensive, Third Party Liability), Drone Type (Small Drones, Medium Drones, Large Drones)

Drone Insurance- Market by XX Submarkets | Forecast Years 2023-2028  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
United States Drone Insurance- Market Overview:
Unmanned aerial vehicles (UAVs), also known as drones, are remotely piloted aircraft systems that pose a significant risk to property and life on the ground in the event of an accident. Despite eliminating the risk to passengers or crew, drones can cause significant damage due to faulty operation, mechanical defects, or component failure. Potential losses and damages include bodily injury to humans and animals, as well as damage to buildings and other structures. Consequently, the demand for drone insurance has witnessed a surge in recent years.

AttributesDetails
Study Period2018-2028
Base Year2022
Forecast Period-2028
Historical Period2018-2022
UnitValue (USD Million)
Customization ScopeAvail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility


Influencing Trend:
Growing Popularity of Online Platforms for Drone Insurance Among Consumers

Market Growth Drivers:
The Use of the UAVs for Commercial and Defense Purposes and Increasing Numbers of Drone Accidents

Challenges:
Availability of Number of Players in the United States Market and Limited Coverage Offerings by Some Insurance Providers

Restraints:
High Cost of Drone Insurance

Opportunities:
Growing Recreational Drone Usage Among Individuals

Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are American International Group (AIG) (United States), ProSight Specialty (United States), Verifly (United States), SkyWatch Insurance Services, Inc. (United States), Avion Insurance (United States), BWI Aviation Insurance (United States), Thimble (United States), Starr International Company, Inc. (United States), State Farm Insurance (United States), Hub International (United States), AXA (France), Allianz SE (Germany) and Tokio Marine Holdings, Inc (Japan). Analyst at AMA Research see United States Players to retain maximum share of United States Drone Insurance- market by 2028. Considering Market by End Users, the sub-segment i.e. Government & Defense will boost the Drone Insurance- market. Considering Market by Term Period, the sub-segment i.e. Short Term (few hours to 1 day) will boost the Drone Insurance- market. Considering Market by Sales Channel, the sub-segment i.e. Direct & Digital will boost the Drone Insurance- market. Considering Market by Coverage, the sub-segment i.e. Comprehensive will boost the Drone Insurance- market. Considering Market by Drone Type, the sub-segment i.e. Small Drones will boost the Drone Insurance- market.

What Can be Explored with the Drone Insurance- Market Study
 Gain Market Understanding
 Identify Growth Opportunities
 Analyze and Measure the United States Drone Insurance- Market by Identifying Investment across various Industry Verticals
 Understand the Trends that will drive Future Changes in Drone Insurance-
 Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the United States Drone Insurance- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Drone Insurance- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Drone Insurance Companies, Drone Insurance Brokers, Drone Manufacturers & Traders, Regulatory & Government Bodies, End Users, Downstream Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

Report Objectives / Segmentation Covered

By Type
  • Commercial Drone Insurance
  • Private Drone Insurance
By End Users
  • Government & Defense
  • Construction
  • Retail & Logistics
  • Media & Entertainment
  • Agricultural
  • Sports & Recreational
  • Others

By Term Period
  • Short Term (few hours to 1 day)
  • Mid Term (>1 day to 1 Month)
  • Long Term (>1 month)

By Sales Channel
  • Direct & Digital
  • Brokers

By Coverage
  • Comprehensive
  • Third Party Liability

By Drone Type
  • Small Drones
  • Medium Drones
  • Large Drones

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. The Use of the UAVs for Commercial and Defense Purposes
        • 3.2.2. Increasing Numbers of Drone Accidents
      • 3.3. Market Challenges
        • 3.3.1. Availability of Number of Players in the United States Market
        • 3.3.2. Limited Coverage Offerings by Some Insurance Providers
      • 3.4. Market Trends
        • 3.4.1. Growing Popularity of Online Platforms for Drone Insurance Among Consumers
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. United States Drone Insurance-, by Type, End Users, Term Period, Sales Channel, Coverage and Drone Type (value) (2017-2022)
      • 5.1. Introduction
      • 5.2. United States Drone Insurance- (Value)
        • 5.2.1. United States Drone Insurance- by: Type (Value)
          • 5.2.1.1. Commercial Drone Insurance
          • 5.2.1.2. Private Drone Insurance
        • 5.2.2. United States Drone Insurance- by: End Users (Value)
          • 5.2.2.1. Government & Defense
          • 5.2.2.2. Construction
          • 5.2.2.3. Retail & Logistics
          • 5.2.2.4. Media & Entertainment
          • 5.2.2.5. Agricultural
          • 5.2.2.6. Sports & Recreational
          • 5.2.2.7. Others
        • 5.2.3. United States Drone Insurance- by: Term Period (Value)
          • 5.2.3.1. Short Term (few hours to 1 day)
          • 5.2.3.2. Mid Term (>1 day to 1 Month)
          • 5.2.3.3. Long Term (>1 month)
        • 5.2.4. United States Drone Insurance- by: Sales Channel (Value)
          • 5.2.4.1. Direct & Digital
          • 5.2.4.2. Brokers
        • 5.2.5. United States Drone Insurance- by: Coverage (Value)
          • 5.2.5.1. Comprehensive
          • 5.2.5.2. Third Party Liability
        • 5.2.6. United States Drone Insurance- by: Drone Type (Value)
          • 5.2.6.1. Small Drones
          • 5.2.6.2. Medium Drones
          • 5.2.6.3. Large Drones
    • 6. Drone Insurance-: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2022)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. American International Group (AIG) (United States)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. ProSight Specialty (United States)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. Verifly (United States)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. SkyWatch Insurance Services, Inc. (United States)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. Avion Insurance (United States)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. BWI Aviation Insurance (United States)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. Thimble (United States)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. Starr International Company, Inc. (United States)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. State Farm Insurance (United States)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Hub International (United States)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
        • 6.4.11. AXA (France)
          • 6.4.11.1. Business Overview
          • 6.4.11.2. Products/Services Offerings
          • 6.4.11.3. Financial Analysis
          • 6.4.11.4. SWOT Analysis
        • 6.4.12. Allianz SE (Germany)
          • 6.4.12.1. Business Overview
          • 6.4.12.2. Products/Services Offerings
          • 6.4.12.3. Financial Analysis
          • 6.4.12.4. SWOT Analysis
        • 6.4.13. Tokio Marine Holdings, Inc (Japan)
          • 6.4.13.1. Business Overview
          • 6.4.13.2. Products/Services Offerings
          • 6.4.13.3. Financial Analysis
          • 6.4.13.4. SWOT Analysis
    • 7. United States Drone Insurance- Sale, by Type, End Users, Term Period, Sales Channel, Coverage and Drone Type (value) (2023-2028)
      • 7.1. Introduction
      • 7.2. United States Drone Insurance- (Value)
        • 7.2.1. United States Drone Insurance- by: Type (Value)
          • 7.2.1.1. Commercial Drone Insurance
          • 7.2.1.2. Private Drone Insurance
        • 7.2.2. United States Drone Insurance- by: End Users (Value)
          • 7.2.2.1. Government & Defense
          • 7.2.2.2. Construction
          • 7.2.2.3. Retail & Logistics
          • 7.2.2.4. Media & Entertainment
          • 7.2.2.5. Agricultural
          • 7.2.2.6. Sports & Recreational
          • 7.2.2.7. Others
        • 7.2.3. United States Drone Insurance- by: Term Period (Value)
          • 7.2.3.1. Short Term (few hours to 1 day)
          • 7.2.3.2. Mid Term (>1 day to 1 Month)
          • 7.2.3.3. Long Term (>1 month)
        • 7.2.4. United States Drone Insurance- by: Sales Channel (Value)
          • 7.2.4.1. Direct & Digital
          • 7.2.4.2. Brokers
        • 7.2.5. United States Drone Insurance- by: Coverage (Value)
          • 7.2.5.1. Comprehensive
          • 7.2.5.2. Third Party Liability
        • 7.2.6. United States Drone Insurance- by: Drone Type (Value)
          • 7.2.6.1. Small Drones
          • 7.2.6.2. Medium Drones
          • 7.2.6.3. Large Drones
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Drone Insurance-: by Type(USD Million)
    • Table 2. Drone Insurance-: by End Users(USD Million)
    • Table 3. Drone Insurance-: by Term Period(USD Million)
    • Table 4. Drone Insurance-: by Sales Channel(USD Million)
    • Table 5. Drone Insurance-: by Coverage(USD Million)
    • Table 6. Drone Insurance-: by Drone Type(USD Million)
    • Table 7. Company Basic Information, Sales Area and Its Competitors
    • Table 8. Company Basic Information, Sales Area and Its Competitors
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Company Basic Information, Sales Area and Its Competitors
    • Table 16. Company Basic Information, Sales Area and Its Competitors
    • Table 17. Company Basic Information, Sales Area and Its Competitors
    • Table 18. Company Basic Information, Sales Area and Its Competitors
    • Table 19. Company Basic Information, Sales Area and Its Competitors
    • Table 20. Drone Insurance-: by Type(USD Million)
    • Table 21. Drone Insurance-: by End Users(USD Million)
    • Table 22. Drone Insurance-: by Term Period(USD Million)
    • Table 23. Drone Insurance-: by Sales Channel(USD Million)
    • Table 24. Drone Insurance-: by Coverage(USD Million)
    • Table 25. Drone Insurance-: by Drone Type(USD Million)
    • Table 26. Research Programs/Design for This Report
    • Table 27. Key Data Information from Secondary Sources
    • Table 28. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. United States Drone Insurance-: by Type USD Million (2017-2022)
    • Figure 5. United States Drone Insurance-: by End Users USD Million (2017-2022)
    • Figure 6. United States Drone Insurance-: by Term Period USD Million (2017-2022)
    • Figure 7. United States Drone Insurance-: by Sales Channel USD Million (2017-2022)
    • Figure 8. United States Drone Insurance-: by Coverage USD Million (2017-2022)
    • Figure 9. United States Drone Insurance-: by Drone Type USD Million (2017-2022)
    • Figure 10. United States Drone Insurance- share by Players 2022 (%)
    • Figure 11. United States Drone Insurance- share by Players (Top 3) 2022(%)
    • Figure 12. United States Drone Insurance- share by Players (Top 5) 2022(%)
    • Figure 13. BCG Matrix for key Companies
    • Figure 14. American International Group (AIG) (United States) Revenue, Net Income and Gross profit
    • Figure 15. American International Group (AIG) (United States) Revenue: by Geography 2022
    • Figure 16. ProSight Specialty (United States) Revenue, Net Income and Gross profit
    • Figure 17. ProSight Specialty (United States) Revenue: by Geography 2022
    • Figure 18. Verifly (United States) Revenue, Net Income and Gross profit
    • Figure 19. Verifly (United States) Revenue: by Geography 2022
    • Figure 20. SkyWatch Insurance Services, Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 21. SkyWatch Insurance Services, Inc. (United States) Revenue: by Geography 2022
    • Figure 22. Avion Insurance (United States) Revenue, Net Income and Gross profit
    • Figure 23. Avion Insurance (United States) Revenue: by Geography 2022
    • Figure 24. BWI Aviation Insurance (United States) Revenue, Net Income and Gross profit
    • Figure 25. BWI Aviation Insurance (United States) Revenue: by Geography 2022
    • Figure 26. Thimble (United States) Revenue, Net Income and Gross profit
    • Figure 27. Thimble (United States) Revenue: by Geography 2022
    • Figure 28. Starr International Company, Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 29. Starr International Company, Inc. (United States) Revenue: by Geography 2022
    • Figure 30. State Farm Insurance (United States) Revenue, Net Income and Gross profit
    • Figure 31. State Farm Insurance (United States) Revenue: by Geography 2022
    • Figure 32. Hub International (United States) Revenue, Net Income and Gross profit
    • Figure 33. Hub International (United States) Revenue: by Geography 2022
    • Figure 34. AXA (France) Revenue, Net Income and Gross profit
    • Figure 35. AXA (France) Revenue: by Geography 2022
    • Figure 36. Allianz SE (Germany) Revenue, Net Income and Gross profit
    • Figure 37. Allianz SE (Germany) Revenue: by Geography 2022
    • Figure 38. Tokio Marine Holdings, Inc (Japan) Revenue, Net Income and Gross profit
    • Figure 39. Tokio Marine Holdings, Inc (Japan) Revenue: by Geography 2022
    • Figure 40. United States Drone Insurance-: by Type USD Million (2023-2028)
    • Figure 41. United States Drone Insurance-: by End Users USD Million (2023-2028)
    • Figure 42. United States Drone Insurance-: by Term Period USD Million (2023-2028)
    • Figure 43. United States Drone Insurance-: by Sales Channel USD Million (2023-2028)
    • Figure 44. United States Drone Insurance-: by Coverage USD Million (2023-2028)
    • Figure 45. United States Drone Insurance-: by Drone Type USD Million (2023-2028)
    List of companies from research coverage that are profiled in the study
    • American International Group (AIG) (United States)
    • ProSight Specialty (United States)
    • Verifly (United States)
    • SkyWatch Insurance Services, Inc. (United States)
    • Avion Insurance (United States)
    • BWI Aviation Insurance (United States)
    • Thimble (United States)
    • Starr International Company, Inc. (United States)
    • State Farm Insurance (United States)
    • Hub International (United States)
    • AXA (France)
    • Allianz SE (Germany)
    • Tokio Marine Holdings, Inc (Japan)
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    Nov 2023 232 Pages 91 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    Top performing companies in the United States Drone Insurance- market are American International Group (AIG) (United States), ProSight Specialty (United States), Verifly (United States), SkyWatch Insurance Services, Inc. (United States), Avion Insurance (United States), BWI Aviation Insurance (United States), Thimble (United States), Starr International Company, Inc. (United States), State Farm Insurance (United States), Hub International (United States), AXA (France), Allianz SE (Germany) and Tokio Marine Holdings, Inc (Japan), to name a few.
    "Growing Popularity of Online Platforms for Drone Insurance Among Consumers" is seen as one of major influencing trends for Drone Insurance- Market during projected period 2022-2028.
    Commercial Drone Insurance segment in United States market to hold robust market share owing to "The Use of the UAVs for Commercial and Defense Purposes ".

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