Global Parachutes Market Growth 2023-2029

Global Parachutes Market Growth 2023-2029

Parachute is a kind of deployable aerodynamic retarder, which is based on the principle of air resistance and inflated relative to air movement. Modern parachute is a kind of aviation tool that enables people or objects to land safely from the air. It is mainly made of flexible fabric.

LPI (LP Information)' newest research report, the “Parachutes Industry Forecast” looks at past sales and reviews total world Parachutes sales in 2022, providing a comprehensive analysis by region and market sector of projected Parachutes sales for 2023 through 2029. With Parachutes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parachutes industry.

This Insight Report provides a comprehensive analysis of the global Parachutes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Parachutes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Parachutes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parachutes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parachutes.

The global Parachutes market size is projected to grow from US$ 1064.5 million in 2022 to US$ 1527.2 million in 2029; it is expected to grow at a CAGR of 1527.2 from 2023 to 2029.

North America is the largest market with about 43% market share. Asia-Pacific is follower, accounting for about 29% market share.

The key players are IrvinGQ, Zodiac Aerospace, AVIC, China Aerospace Science and Technology Corporation, BRS Aerospace, Fujikura Parachute, Performance Designs, VITAL Parachute, Mills Manufacturing, Vertical do Ponto, Complete Parachute, FXC Corporation etc. Top 3 companies occupied about 26% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Parachutes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Round Parachute
Ram Air Parachute
Belt and Ring Parachute
Others

Segmentation by application
Military
Civil

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IrvinGQ
Zodiac Aerospace
AVIC
China Aerospace Science and Technology Corporation
BRS Aerospace
Fujikura Parachute
Performance Designs
VITAL Parachute
Mills Manufacturing
Vertical do Ponto
Complete Parachute
FXC Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Parachutes market?

What factors are driving Parachutes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Parachutes market opportunities vary by end market size?

How does Parachutes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.