Global Parachute Drone Market Size Study & Forecast, By Type (Spring Release Deployment, Sling/Catapult Release Deployment, Pyrotechnic Deployment, Compressed gas Deployment) By Application (Cargo Transportation, Agriculture, Oil & Gas, Entertainment & Me

Global Parachute Drone Market Size Study & Forecast, By Type (Spring Release Deployment, Sling/Catapult Release Deployment, Pyrotechnic Deployment, Compressed gas Deployment) By Application (Cargo Transportation, Agriculture, Oil & Gas, Entertainment & Media & Mapping, Military and defense, Others) By Drone Type (Fixed Wing, Rotary Wing) By Capacity (1.27kg - 12.4kg, 2.5kg - 20kg, 12.7kg - 52kg or more) and Regional Analysis, 2023-2030

Global Parachute Drone Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Parachute Drone is a type of unmanned aerial vehicle (UAV) or drone equipped with a parachute system. This system allows the drone to deploy a parachute in emergencies, such as loss of control, mechanical failure, or battery depletion. The parachute serves as a safety measure to slow down the descent of the drone, preventing or minimizing damage upon landing and potentially protecting bystanders or property below. The Parachute Drone market is expanding because of factors such as the rising demand for commercial drones and the growing adoption of parachute drones in smart farming techniques. Parachute drones are commonly used in various industries, including photography, videography, surveying, search and rescue operations, and delivery services, where safety and reliability are paramount concerns. As a result, the demand for Parachute Drone has progressively increased in the global market during the forecast period 2023-2030.

Parachute systems can significantly reduce the risk of damage to property or injury to people in case of drone malfunction or failure. This risk mitigation aspect becomes increasingly important as commercial drones are used in more diverse and populated environments. Businesses and organizations using drones for various purposes, such as delivery, surveillance, or inspection, would prioritize safety measures like parachute systems to minimize liability and protect their assets. According to Statista, the global commercial drone market accounted for USD 2367.22 million in 2020 and is projected to reach up to USD 12647.2 million by the year 2025. Furthermore, the growing demand for commercial drones indicates a diversification of drone applications across industries such as agriculture, construction, logistics, and emergency services. Parachute systems enable drones to operate in more challenging environments and perform tasks that require flights over sensitive areas or in proximity to people. Another important factor that drives the Parachute Drone market is the increasing demand for parachute drones in smart farming techniques. Parachute drones equipped with various sensors and cameras can be used for efficient crop monitoring. They can capture high-resolution images of fields, helping farmers identify areas that require attention such as pest infestations, disease outbreaks, or nutrient deficiencies. This leads to better-informed decision-making and improved crop management practices. In addition, as per Statista, the global market value of smart farming accounts for USD 15 billion in 2022 and is projected to reach up to USD 33 billion by 2027. Moreover, technological advancements associated with parachute drones and the increasing trend of aerial photography are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of parachute drones and lack of operational expertise are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Parachute Drone Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the standard guidelines for commercial drone operations in the region. Parachute drones are designed to enhance safety in drone operations by providing a fail-safe mechanism in case of emergencies such as motor failure or loss of control. Standard guidelines ensure that such safety features are integrated into drone operations, thereby encouraging the adoption of parachute drones. The region’s dominant performance is anticipated to propel the overall demand for Parachute Drone. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the expansion of commercial drone applications in the region. Commercial drones offer opportunities for manufacturers and inventors of parachute drone systems to meet the growing need for safety-enhancing technologies into various sectors such as e-commerce, logistics, agriculture, and public safety. This, in turn, drives innovation and investment in parachute drone technology, resulting in additional developments and improvements in safety and performance.

Major market players included in this report are:
Skygraphics AG
Drone Rescue Systems GmbH
Butler Parachute Systems Inc.
Mars Parachutes Inc.
Indemnis, Inc.
Parazero Technologies Ltd.
GALAXY GRS s.r.o.
CIMSA Ingeniería de Sistemas, S.A.
Opale Aero System SARL
AltoMaxx Technologies Inc.

Recent Developments in the Market:
 In March 2024, Aerial Vehicle Safety Solutions Inc., a leading provider of drone Parachute Recovery Systems (PRS) and UAV flight termination systems, introduced the PRS-M3DT, a new PRS for the DJI Dock 2. The PRS-M3DT comes with a Parachute Recovery System, a Flight Termination System (FTS), an Automatic Triggering System (ATS), a Manual Triggering Device (MTD), and documentation in accordance with EASA 2512 and ASTM F3322. The PRS-M3DT for the DJI Dock 2 features a plug-and-play design and is compatible with both the DJI M3DT and DJI M3D.

 In May 2023, ParaZero, a global leader in autonomous safety systems for commercial drones and urban air mobility aircraft, teamed up with Parallel Flight Technologies, a heavy-lift drone, and hybrid propulsion technology provider based in the United States, to integrate customized SafeAir parachute safety systems into Parallel Flight Technologies' flagship heavy-lift, long-endurance UAV, Firefly.

Global Parachute Drone Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, Application, Drone Type, Capacity, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Spring Release Deployment
Sling/Catapult Release Deployment
Pyrotechnic Deployment
Compressed gas Deployment

By Application
Cargo Transportation
Agriculture
Oil & Gas
Entertainment & Media & Mapping
Military and defense
Others

By Drone Type
Fixed Wing
Rotary Wing

By Capacity
1.27kg - 12.4kg
2.5kg - 20kg
12.7kg - 52kg or more

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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