How Flight Delay Insurance Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Flight Delay Insurance Market Latest Edition Published with Forecast to 2027


According to the report, Vendors Are Majorly Focusing on Large Untapped Markets is one of the primary growth factors for the market. Demand for Business Travels and Availability of Online Travel Booking Facilities are Fueling the Growth is also expected to contribute significantly to the Flight Delay Insurance market. Overall, Business Travel applications of Flight Delay Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Insurance Cover, such as Single-Trip Travel Insurance, is boosting the Flight Delay Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Senior Citizens, is boosting the Flight Delay Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Flight Delay Insurance market identified that the demand is rising in many different parts of the world as "COVID-19 is Expected to Boost the Demand for Flight Delay Insurance to Reduction & Risk of Travelers Opportunities ". Furthermore, some recent industry insights like "On 13th Feb 2020, Blue Cross Insurance Limited announces the launch of Travel Smart MultiTrip Insurance Package, which covers up to 5 trips and 7 days per trip, allowing customers to tailor-make their own multiple travel insurance at a modest premium. Blue Cross also launches an innovative Flight Delay Cash Allowance Extension with Auto-claim Service, as well as Chatbot BC Buddy, which handles travel insurance enquiries 24/7." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Flight Delay Insurance market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Flight Delay Insurance market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Flight Delay Insurance market size is calculated using market estimation process, the Flight Delay Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Flight Delay Insurance market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager