According to the latest report by IMARC Group, "Global Parachute Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global parachute market reached a value of US$ 564.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 809.6 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027.
A parachute represents a dome-shaped device that slows down the vertical descent of a person falling through the atmosphere. It is generally manufactured using lightweight and strong fabrics, such as nylon, Kevlar, silk, etc., and reinforces handholds to increase air resistance and create drag during a free fall. Furthermore, a parachute slows the load sufficiently to prevent and minimize injury or impact while landing on the ground. Consequently, it is used for slowing a returning space capsule after entering into the atmosphere.
Report Metric
- Historical: 2016-2021
- Base Year: 2021
- Forecast Year: 2022-2027
Parachute Market Trends and Drivers:
The widespread product adoption across the defense and military sectors for transportation, troop distribution, and training purposes is primarily driving the parachute market. Additionally, the inflating popularity of adventure sports, including para jumping, skydiving, paragliding, paramotoring, etc., among individuals for stress relief and boosting confidence is further catalyzing the market growth.
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Besides this, the growing utilization of drogue chutes in aircraft to provide control and stable landing on icy and wet runways is acting as another significant growth-inducing factor. Moreover, the escalating product demand in unmanned aerial vehicles (UAVs) to reduce their kinetic energy while descending and landing is also augmenting the global market.
Apart from this, the rising investments in R&D activities aimed at launching technologically developed military product variants for ballistic purposes are anticipated to fuel the parachute market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Parachute Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aerodyne Research LLC, Airborne Systems (TransDigm Inc.), BAE Systems plc, Ballenger International LLC, Butler Parachute Systems Inc., Cimsa Ingeniería de Sistemas S.A., Fxc Corporation, Mills Manufacturing Corporation, NH Global Sdn Bhd, Parachute Systems, Precision Aerodynamics and Sachsische Spezialkonfektion GmbH.
The report has segmented the market on the basis of region, type, fabric material and application.
Breakup by Type:
- Round Parachute
- Cruciform Parachute
- Ram-Air Parachute
- Others
Breakup by Fabric Material:
- Nylon
- Silk
- Kevlar
- Others
Breakup by Application:
- Military
- Cargo
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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UpMarketResearch published an exclusive report on “Parachute market” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 128 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The report contains basic, secondary and advanced information pertaining to the Parachute global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 - 2025.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The complete research framework on Global Parachute Market reveals various influencing factors like growth factors, industry drivers, restraints, production techniques, latest market trends, market challenges, market extension and opportunities for beginners and established players in global runway lighting market.
As per the world economic evaluate growth rate of the past four years, market size is estimated from 900 million $ in 2014 to 1020 million $ in 2017.
The prime objective of this report is to help the user understand market share distribution of number of key players in the market included are Fxc Corporation, Cimsa Ingenieria De Sistemas, S.A., Spekon, Zodiac Aerosafety, Mills Manufacturing, Cirrus Aircraft, Butler Parachute Systems Group, Inc., Nh Global Sdn Bhd, Parachute Systems, Airborne Systems, Atair Aerospace, Inc., Ballenger International, Llc.The Parachute Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
The Parachute market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, the Parachute business development patterns and marketing stations have been analyzed.Request for free sample report @ https://www.indexmarketsresearch.com/report/global-parachute-market/24116/#requestforsampleThe Parachute Market covers company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of the market.
The market competition is constantly growing higher with the rise in technological innovation and M activities in the industry.
The latest trending report Global Military Parachute Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Military Parachute market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.5% in the forecast period of 2020 to 2025 and will expected to reach USD 1063.4 million by 2025, from USD 890.6 million in 2019.The Military Parachute market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/30798-military-parachute-market-analysis-reportThe major players covered in Military Parachute are: Airborne Systems Mills Manufacturing BRS Aerospace Zodiac Aerospace VITAL Parachute Avic Hongguang Airborne Equipment Complete Parachute Performance Designs Fujikura Parachute Vertical do Ponto National Parachute Spekon Autoflug Antares IAC Parachute Systems NZ Aerosports FXC Corporation Magam Safety Parachute Laboratories Butler Parachute SystemsBy Type, Military Parachute market has been segmented into Round Parachutes Ram-air Parachutes Annular Parachutes Ribbon and Ring Parachutes OthersBy Application, Military Parachute has been segmented into: Personnel Parachutes Cargo ParachutesThe report offers in-depth assessment of the growth and other aspects of the Military Parachute market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Military Parachute Market @ https://www.decisiondatabases.com/contact/download-sample-30798The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Military Parachute product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Military Parachute, with price, sales, revenue and global market share of Military Parachute in 2018 and 2019.Chapter 3, the Military Parachute competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Military Parachute breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Military Parachute market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Military Parachute sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Military Parachute Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-30798All Military Related Reports by DecisionDatabases.com @ https://goo.gl/fwyvSJAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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