Global Commercial and Military Parachute Market, By Type (Round Parachutes, Ram-Air Parachute, Square Or Parafoil Parachute, Ribbon and Ring Parachute, Cruciform Parachute, Others), Component (Canopy, Cords, Tapes, Webbings, Metal), Application (Cargo Parachutes, Military Parachuting, Parachute Market for Sports, Rescue Parachute Market, Break Chutes, Aircraft Recovery With Parachutes, Troop/Personnel, Deceleration, Emergency, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Commercial and Military Parachute Market
The commercial and military parachute market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.70% in the above-mentioned forecast period.
Parachutes are basically utilized to reduce aerodynamic motion of an object by creating drag to drop payloads including people, equipment, bombs, and relief aids from airborne platforms. They were made using lightweight silk materials, but now the most modern parachutes are made using nylon or synthetic polymers. The parachutes used in commercial and military sectors are called commercial and military parachutes.
The factors such as growing demand for aero sports, prevalence of advanced technology in parachute system, adoption of airplane recovery parachute system are the major factors fostering the growth of the market. Additionally, the rising usages of parachute for unmanned aerial vehicle, also further cushion the growth of the market within the forecast period of 2022 to 2029. However, the factors such as unavailability of standing inventory of parachute with defense, reducing defense budgets and government procedures might impede the growth of market within the forecast period.
The rising usages of parachute for unmanned aerial vehicle generate growth opportunities in the long run. The factors such as lack of awareness in developing economies regarding laws and massive slowing of the supply chain due to COVID-19 virus outbreak pose as a challenge for the market.
This commercial and military parachute market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on commercial and military parachute market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Commercial and Military Parachute Market Scope and Market Size
The commercial and military parachute market is segmented on the basis of type, component and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the commercial and military parachute market is segmented into round parachutes, ram-air parachute, square or parafoil parachute, ribbon and ring parachute, cruciform parachute, and others.
- Based on component, the commercial and military parachute market is segmented into canopy, cords, tapes, webbings, and metal.
- Commercial and military parachute market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for commercial and military parachute market includes cargo parachutes, military parachuting, parachute market for sports, rescue parachute market, break chutes, aircraft recovery with parachutes, troop/personnel, deceleration, emergency, and others.
Commercial and Military Parachute Market Country Level Analysis
The commercial and military parachute market is analyzes and market size insights and trends are provided by pro type, component and application as referenced above.
The countries covered in the commercial and military parachute market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the commercial and military parachute market owing to the growing number of applications along with rising defense budgets and adoption of advanced technology within the forecast period of 2022 to 2029. Asia-Pacific region, on the other hand is expected to score the highest CAGR owing to the rising disposable income of the people along with rising preferences towards aerial sports such as parachuting and skydiving within this region.
The country section of the commercial and military parachute market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial and Military Parachute Market Share Analysis
The commercial and military parachute market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial and military parachute market.
Some of the major players operating in the commercial and military parachute market report are FXC Corporation, CIMSA Ingeniería de Sistemas, S.A., Sächsische Spezialkonfektion GmbH, Mills Manufacturing, CIRRUS DESIGN CORPORATION D/B/A CIRRUS AIRCRAFT., Butler Parachute Systems, Parachute Systems., Airborne Systems, ballenger, BAE Systems., Complete Parachute Solutions, (CPS)., Aerodyne Research, LLC, and safran-group, among others.
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