The Drone Insurance Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Drone Insurance Market?
The Drone Insurance Global Market Report 2024 reveals a steady growth in the market. The size of the market increased significantly from $1.44 billion in 2024 to $1.57 billion in 2025. The annual compounded growth rate was noted to be 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Drone Insurance Industry?
The Drone Insurance Global Market is projected to reach a size of $2.33 billion in the year 2029, with a compound annual growth rate (CAGR) of 10.3%.
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What are the Key Growth Drivers Fueling the Drone Insurance Market?
The key drivers in the drone insurance market are:
• The acceleration of industry collaboration
• Expansion of commercial applications for drones
• Growing concerns surrounding cybersecurity
• Significant technological advancements in drones.
Global Market Segmentation: Identifying Major Drone Insurance Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Drone Insurance Market?
The key trends in the military simulation and virtual training market are:
• Technological advancements are becoming increasingly important in shaping the drone insurance market.
• The integration of artificial intelligence and data analytics is a significant growing trend.
• The trend of providing customized policies is on the rise in the industry.
• The integration of the Internet of Things (IoT) and telematics, the emergence of parametric insurance and drone fleet management solutions are all emerging trends.
Who Are the Top Competitors & Leading Players in the Drone Insurance Market?
Major companies in the drone insurance market are:
• Allianz Global Corporate & Specialty SE
• American International Group Inc.
• Avion Insurance Agency Inc.
• Coverdrone Limited
• SkyWatch Space Applications Inc.
• Flock Inc.
• CapriCMW Insurance Services Ltd.
• Hub International Limited
• BWI Aviation Insurance Agency Inc.
• Thimble
• Global Aerospace Inc.
• DroneGuard Insurance
• EagleView Technology
• InsureMyDrone
• IFR Drones Ltd.
• Scott Sky Smith Specialty Insurance
• VOLANTE GLOBAL LIMITED
• U. S. Aviation Underwriters Inc.
• Liberty Mutual group
• Starr Insurance Companies
• Hanover Insurance Group Inc.
• Phoenix Air Unmanned LLC
• Pantaenius Holding Gmbh
• AON PLC
• QBE Insurance Group Limited
• Precision Autonomy Insurance
• Apollo Insurance
Regional Dominance: Which Area Leads the Global Drone Insurance Market?
North America was the largest region in the drone insurance market in 2024
