Global Parachute Market 2024-2028

Global Parachute Market 2024-2028

The parachute market is forecasted to grow by USD 430.07 mn during 2023-2028, accelerating at a CAGR of 5.21% during the forecast period. The report on the parachute market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of skydiving tourism, growth of joint defense operations increasing procurement, and development of advanced aircraft ballistic recovery systems.

Technavio's parachute market is segmented as below:

By Material

• Nylon
• Silk
• Kevlar

By Type

• Round
• Ram air
• Square and cruciform
• Drogue

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the development of parachutes for space applications as one of the prime reasons driving the parachute market growth during the next few years. Also, prospective use of nanotechnology for parachute manufacturing and emergence of detachable cabin concept will lead to sizable demand in the market.

The report on the parachute market covers the following areas:

• Parachute market sizing
• Parachute market forecast
• Parachute market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading parachute market vendors that include Aerodyne Research LLC, Airborne system, Atair d.o.o., Ballenger International LLC, Butler Parachute Systems, CIMSA Ingenieria de Sistemas SA, Fujikura Ltd., FXC Corp., MarS as, Mills Manufacturing Corp., NZ Aerosports Ltd, Parachute Laboratories Inc., Parachute Systems, Parachutes Australia, Performance Designs Inc., Precision Aerodynamics, Sachsische Spezialkonfektion GmbH, Safran SA, Skylark, and Transdigm Group Inc.. Also, the parachute market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.