According to our (Global Info Research) latest study, the global Space and Satellite Insurance market size was valued at US$ 602 million in 2025 and is forecast to a readjusted size of US$ 800 million by 2032 with a CAGR of 4.2% during review period.
Space and Satellite Insurance is a specialized property and liability insurance product designed specifically for space activities, on-orbit assets, and third-party liability. Its core function is to provide financial compensation for property damage, income interruption, and third-party damages caused by unforeseen events such as technical malfunctions, launch vehicle failures, space debris collisions, and solar storms during high-risk phases like rocket launches, satellite operations in orbit, and spacecraft reentry. Offered by professional aerospace underwriters, this insurance is priced based on sophisticated probability models and detailed technical assessments. It is an indispensable risk transfer tool in the commercial space industry chain, providing crucial financial protection for the massive investments and long-term stable operation of space projects.
As the global space economy enters a phase of rapid commercialization and normalized development, the Space and Satellite Insurance market has a promising future. The explosive growth of emerging industries such as low-Earth orbit communication satellite constellations, space tourism, and on-orbit services and manufacturing will continue to generate huge demand for customized and highly flexible insurance products. Technological innovation will drive the evolution of insurance models: real-time risk assessment through richer on-orbit telemetry data, improved pricing and claims efficiency through artificial intelligence, and the development of parametric insurance products based on "launch success" or "on-orbit performance." At the same time, the expansion of the market will attract more capital, making insurance solutions more diversified and mature, and becoming an important financial cornerstone to support the large-scale and sustainable development of the trillion-dollar space industry.
This report is a detailed and comprehensive analysis for global Space and Satellite Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Space and Satellite Insurance market size and forecasts, in consumption value ($ Million), 2021-2032
Global Space and Satellite Insurance market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Space and Satellite Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Space and Satellite Insurance market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Space and Satellite Insurance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Space and Satellite Insurance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Munich Re, Global Aerospace, Marsh Space Projects, Lockton, AXA XL, Lloyd's, ExpanseInsure, Aon, Beazley, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Space and Satellite Insurance market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Satellite Manufacturing Insurance
Pre-launch Insurance
Launch Insurance
Satellite Commissioning Insurance
In-orbit Insurance
Market segment by Coverage
Total Loss Insurance
Partial Loss Insurance
Market segment by Market Tier
Traditional Large Commercial/Government Project Insurance
Emerging Constellation and Small Satellite Insurance
Reinsurance
Market segment by Application
Satellite Operators
Satellite Manufacturers
Others
Market segment by players, this report covers
Munich Re
Global Aerospace
Marsh Space Projects
Lockton
AXA XL
Lloyd's
ExpanseInsure
Aon
Beazley
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Space and Satellite Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Space and Satellite Insurance, with revenue, gross margin, and global market share of Space and Satellite Insurance from 2021 to 2026.
Chapter 3, the Space and Satellite Insurance competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Space and Satellite Insurance market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Space and Satellite Insurance.
Chapter 13, to describe Space and Satellite Insurance research findings and conclusion.
Summary:
Get latest Market Research Reports on Space and Satellite Insurance. Industry analysis & Market Report on Space and Satellite Insurance is a syndicated market report, published as Global Space and Satellite Insurance Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Space and Satellite Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.