Military Parachute Market By Product Type (Round Type Parachute, Cruciform Parachute, Ribbon and Ring/Annular Parachute, Ram Air Parachute), By Components (Canopy, Cords, Tapes/ Webbings, Metal), By Application (Personnel Parachutes, Cargo Parachutes): Global Opportunity Analysis and Industry Forecast, 2021-2031
The report incorporates the study of the global military parachute market, which significantly growing due to the increasing application in various conflict zones, notably by the special forces of developed countries. A parachute is a device designed to slow the rate of descent of a body under free fall by creating drag. There are various applications of parachutes for armed forces that involve jumping out of a plane, waiting for the canopy to open automatically from a “static line” attached to the aircraft, and others. Parachute help soldiers to glide long distances to their target and approach those areas of enemy territory that it would be too dangerous to fly a plane over. The special forces around the world also use high altitude high opening (HAHO) parachuting. This involves expert parachutists deploying their steerable chutes at a high altitude. Modern parachutes are designed to reduce the terminal velocity of the user by as much as 90%.
The factors such as growing security concerns due to territorial conflicts and global terrorism and an increase in demand for UAV parachutes in military applications supplement the growth of the military parachute market. However, variation in testing standards & methodologies and lack of skilled forces for operating parachutes are the factors expected to hamper the growth of the military parachute market. In addition, rapid technological advancement in parachutes and increasing defense expenditure by governments of major economies creates market opportunities for the key players operating in the military parachute market.
For the purpose of analysis, the global military parachute market is segmented on the basis of product type, components, application, and region. By product type, the market is divided into round type parachute, cruciform parachute, ribbon and ring/annular parachute, and ram air parachute. By components, it is fragmented into canopy, cords, tapes/ webbings, and metal. By application, it is categorized into personnel parachutes and cargo parachutes. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the military parachute market are Aerial Delivery Solutions, LLC, Aerodyne Research, LLC, Airborne Systems, BAE Systems, Ballenger International, LLC, Butler Parachute Systems, CIMSA Ingeniería de Sistemas, S.A., FXC Corporation, Magam Safety Ltd., Mills Manufacturing, NH Global, Sdn. Bhd., Parachute Systems, Precision Aerodynamics, Safran, Spekon, Tactical Parachute Delivery Systems, and Vital Parachute Inc.
Key Benefits For Stakeholders
This study presents an analytical depiction of the global military parachute market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall military parachute market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global military parachute market with a detailed impact analysis.
The current military parachute market is quantitatively analyzed from 2022 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Product Type
Round Type Parachute
Cruciform Parachute
Ribbon and Ring/Annular Parachute
Ram Air Parachute
By Components
Canopy
Cords
Tapes/ Webbings
Metal
By Application
Personnel Parachutes
Cargo Parachutes
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Aerodyne Research, LLC
Airborne systems, Inc.
Atair Aerospace
Avic Hongguang Airborne Equipment
BAE System Plc
Ballenger International
Butler parachute systems
CIMSA Ingenieria
Cirrus Aircraft
FXC Corporation
Global SDN BHD
MAGAM SAFETY Ltd.
Mills Manufacturing
Safran SA
SPEKON Company
VITAL Parachute
Zodiac Aeospace
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