Parachute Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F, Segmented By Product Type (Round Parachute, Cruciform Parachute, Rogallo-wing parachutes, Annular parachutes, Ram-air Parachute, and Others), By Fabric Material (Nylon, Silk, Kevlar, and Others), By Application (Military, Commercial, Cargo, Sports, and Others), By Region
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationParachute Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F, Segmented By Product Type (Round Parachute, Cruciform Parachute, Rogallo-wing parachutes, Annular parachutes, Ram-air Parachute, and Others), By Fabric Material (Nylon, Silk, Kevlar, and Others), By Application (Military, Commercial, Cargo, Sports, and Others), By Region
Global Parachute Market
The market for parachute is expanding as a result of factors like rising security concerns brought on by regional conflicts and international terrorism, as well as rising demand for UAV parachutes in military applications. Similarly, the increase in the aerial activities is also influencing the growth as the tourism sector is growing and the rise in these activities is leading to the higher demand for of the parachutes in different regions across the globe. The increase in the adoption of the parachutes in airplane recovery system and the advanced technology in the parachute system is also attracting military departments of different nations and the rise in the investments in this sector is also the reason that in the coming years the market is projected to exhibit impressive CAGR.
The technological advancement in the military parachutes is providing end users and investors with profitable growth potential, similarly the unmanned aerial vehicles (UAVs) are also increasingly using parachutes to reduce the kinetic energy during descent and landing process. In addition to that the major players in the market, significant investments in research and development (R&D) activities develop technologically advanced product to meet the demand of the end users globally. The key players in the industry are concentrating on mergers and acquisitions to boost their overall sales and profitability.
Rising aerial adventure activities
Growing interest in parachuting for recreation among thrill-seekers, as well as an increase in air sports worldwide, and , more people trying skydiving might increase the demand for commercial parachutes. Similarly in developing countries the increase in tourism related activities is also driving the market with higher growth opportunity. As a result, several vendors are attempting to use nanotechnology in their parachute products to improve the quality and durability of commercial parachutes with the increase in safety.
Increase in the utilization of parachutes in Military Activities
In the military, paratroopers typically use parachutes for combat operations and the market for parachute is expanding because of the reasons like rising security concerns brought on by regional conflicts and international terrorism, as well as rising demand for UAV parachutes in military applications. The rise in demand is due to the military exercises. For example, NATO planned total of 95 exercises. The market's expansion is anticipated to be hampered by differences in testing standards and techniques and a shortage of personnel with the necessary skills to operate parachutes. Additionally, the military parachute industry's leading companies have access to new markets because of the quick technological development of parachutes and rising defense spending by governments of major economies is providing new opportunity in the industry and the military parachute market is anticipated to grow over the forecast period due to further advances in parachute technology.
Covid Impact on Tourism Industry
In terms of tourist flow, Europe has been the most popular region. In the years prior to COVID-19, the region attracted around 968.87 million foreign visitors.
Market Segmentation
The Global Parachute Market is segmented by product type, fabric material, application, and by region. Based on product type, the market is segmented into Round Parachute, Cruciform Parachute, Rogallo-wing parachutes, Annular parachutes, Ram-air Parachute, and Others. Based on fabric material, the market is segmented into Nylon, Silk, Kevlar, and Others. Based on Application, the market is segmented into Military, Commercial, Cargo, Sports, and Others.
Company Profiles
Zodiac Aerospace S.a, Mills Manufacturing Corporation, Aerodyne Research LLC, BAE Systems PLC, Spekon GmbH, Airborne Systems North America, Inc, CIMSA Ingenieria De Sistemas SA, FXC Corporation, Ballenger International LLC, Rostec State Corp, Sachsische Spezialkonfektion GmbH, Safran SA, Trans Digm Group Inc., and NH Global Sdn Bhd are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2030 |
|
Quantitative Units |
Revenue in USD Billion, Volume in Thousand Units, and CAGR for
2018-2022 and 2023-2030 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
|
Segments Covered |
·
By Product
Type ·
By Fabric
Material ·
By Application ·
By Region |
|
Regional Scope |
North America, Europe, Asia-Pacific, Middle East & Africa,
South America |
|
Country Scope |
United States, Canada, Mexico, United Kingdom,
Germany, France, Italy, Spain, Russia, Poland, Netherland, Norway, China,
Japan, South Korea, India, Malaysia, Indonesia, Thailand, South Africa, Saudi
Arabia, United Arab Emirates, Argentina, Brazil, Colombia. |
|
Key Companies Profiled |
Zodiac
Aerospace, Mills Manufacturing Corporation, Aerodyne Research LLC, BAE
Systems PLC, Spekon GmbH, Airborne Systems, CIMSA Ingenieria De Sistemas SA,
FXC Corporation, Ballenger International LLC, Rostec State Corp. |
|
Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy