This extensive report comprises 108 pages and features a detailed table of contents, along with figures and charts that assist thorough analysis. The report provides a comprehensive estimation of the market’s pre and post-COVID-19 impact, accompanied by an overview of the current situation in each region.
The Global Satellite Launch and Space Insurance market is projected to rise at a significant rate during the forecast period, between 2023 and 2030. In 2022, the market is increasing at a steady rate and with the growing adoption of strategies by key players, the market is expected to rise over the projected horizon.
The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges, and risks market share along with the growth rate of the global Satellite Launch and Space Insurance market. The report also covers monetary and exchange fluctuations, import-export trade, and the global market.
As well as providing an overview of successful marketing strategies, market contributions, and recent developments of leading companies, the report also offers a dashboard overview of leading companies’ past and present performance. Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Satellite Launch and Space Insurance Market.
The report is divided into three parts: part I – Satellite Launch and Space Insurance Market Overview, part II – Satellite Launch and Space Insurance Market Data, and part III – Strategic Recommendations.
Satellite launch and space insurance refer to the general term of insurance for satellites and various risks related to satellite launch services. The satellite launches and space insurance market is a global market. Satellite owners, satellite manufacturers, launch service providers, insurance brokers, underwriters, financial institutions, reinsurance companies, and government agents around the world are all cooperating to coordinate satellite launches for any given insurance plan.
COVID-19 Impact on Satellite Launch and Space Insurance Industry: The COVID-19 pandemic has caused delays in satellite launch and manufacturing, leading to some delays in insurance companies’ premium income. Although the epidemic has not had any observable negative impact on the underwriting terms and conditions provided by insurance companies, the aerospace industry has been greatly affected by the downstream effects of the pandemic. The severe short-term negative impact brought about by the epidemic is mainly concentrated on smaller suppliers. The difficulty of capital turnover has forced many projects to be delayed or suspended and even made business operations difficult. The crisis has also slowed down product delivery and mission deployment, impacting revenue for some aerospace manufacturers.
The global Satellite Launch and Space Insurance market size was valued at USD 634.29 Million in 2022 and will reach USD 799.29 Million in 2028, with a CAGR of 3.93% during 2022-2028.