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Parachute Market Report by Type (Round Parachute, Cruciform Parachute, Ram-Air Parachute, and Others), Fabric Material (Nylon, Silk, Kevlar, and Others), Application (Military, Cargo, and Others), and Region 2024-2032

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    Report

  • 135 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5820671
Description Jump to:
The global parachute market size reached US$ 635.8 Million in 2023. Looking forward, the publisher expects the market to reach US$ 974.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2023-2032.

A parachute is a dome-shaped device that slows down the vertical descent of a person falling through an atmosphere. It is made using strong and lightweight fabric, such as silk and nylon, and reinforce handholds to increase air resistance and create drag during free fall. It slows the load sufficiently to prevent and minimize injury or impact while landing on the ground. As a result, it is used for slowing a returning space capsule after entering into the atmosphere of the earth.

Parachute Market Trends:

The increasing employment of parachutes in the defense and military industry for troop distribution, transportation, and training represents one of the key factors driving the market. Moreover, parachutes are utilized in microlights, light aircraft and hang gliders for ballistic purposes. This, along with the rising application of drogue chutes in aircraft to provide control and stable landing on wet and icy runways, is propelling the growth of the market. In addition, the increasing trend of adventure sports, such as skydiving, para jumping, paragliding, and paramotoring among individuals for stress relief and boosting confidence, is catalyzing the demand for parachutes. Besides this, the introduction of technologically developed military parachutes is offering lucrative growth opportunities to end users and investors. Additionally, there is a rise in the usage of parachutes in unmanned aerial vehicles (UAVs) to reduce their kinetic energy while descending and landing. Apart from this, key market players are extensively investing in research and development (R&D) activities to provide enhanced product variants for catering to the needs of the end users. These players are also focusing on mergers and acquisitions to increase their overall sales and profitability.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global parachute market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, fabric material and application.

Breakup by Type:

Round Parachute
Cruciform Parachute
Ram-Air Parachute
Others

Breakup by Fabric Material:

Nylon
Silk
Kevlar
Others

Breakup by Application:

Military
Cargo
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerodyne Research LLC, Airborne Systems (TransDigm Inc.), BAE Systems plc, Ballenger International LLC, Butler Parachute Systems Inc., Cimsa Ingeniería de Sistemas S.A., Fxc Corporation, Mills Manufacturing Corporation, NH Global Sdn Bhd, Parachute Systems, Precision Aerodynamics and Sachsische Spezialkonfektion GmbH.

Key Questions Answered in This Report

1. What was the size of the global parachute market in 2023?
2. What is the expected growth rate of the global parachute market during 2024-2032?
3. What has been the impact of COVID-19 on the global parachute market?
4. What are the key factors driving the global parachute market?
5. What is the breakup of the global parachute market based on the type?
6. What is the breakup of the global parachute market based on the application?
7. What are the key regions in the global parachute market?
8. Who are the key players/companies in the global parachute market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Parachute Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Round Parachute
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cruciform Parachute
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Ram-Air Parachute
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Fabric Material
7.1 Nylon
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Silk
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Kevlar
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Military
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cargo
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aerodyne Research LLC
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Airborne Systems (TransDigm Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 BAE Systems plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Ballenger International LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Butler Parachute Systems Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Cimsa Ingeniería de Sistemas S.A.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Fxc Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Mills Manufacturing Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 NH Global Sdn Bhd
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Parachute Systems
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Precision Aerodynamics
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Sachsische Spezialkonfektion GmbH
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Parachute Market: Major Drivers and Challenges
Figure 2: Global: Parachute Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Parachute Market: Breakup by Type (in %), 2023
Figure 5: Global: Parachute Market: Breakup by Fabric Material (in %), 2023
Figure 6: Global: Parachute Market: Breakup by Application (in %), 2023
Figure 7: Global: Parachute Market: Breakup by Region (in %), 2023
Figure 8: Global: Parachute (Round Parachute) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Parachute (Round Parachute) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Parachute (Cruciform Parachute) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Parachute (Cruciform Parachute) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Parachute (Ram-Air Parachute) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Parachute (Ram-Air Parachute) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Parachute (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Parachute (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Parachute (Nylon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Parachute (Nylon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Parachute (Silk) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Parachute (Silk) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Parachute (Kevlar) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Parachute (Kevlar) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Parachute (Other Fabric Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Parachute (Other Fabric Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Parachute (Military) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Parachute (Military) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Parachute (Cargo) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Parachute (Cargo) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Parachute (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Parachute (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Parachute Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Parachute Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Parachute Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Parachute Industry: SWOT Analysis
Figure 80: Global: Parachute Industry: Value Chain Analysis
Figure 81: Global: Parachute Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Parachute Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Parachute Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Parachute Market Forecast: Breakup by Fabric Material (in Million US$), 2024-2032
Table 4: Global: Parachute Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Parachute Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Parachute Market: Competitive Structure
Table 7: Global: Parachute Market: Key Players

Companies Mentioned

  • Aerodyne Research LLC
  • Airborne Systems (TransDigm Inc.)
  • BAE Systems plc
  • Ballenger International LLC
  • Butler Parachute Systems Inc.
  • Cimsa Ingeniería de Sistemas S.A.
  • Fxc Corporation
  • Mills Manufacturing Corporation
  • NH Global Sdn Bhd
  • Parachute Systems
  • Precision Aerodynamics
  • Sachsische Spezialkonfektion GmbH

Methodology

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Table Information

Report AttributeDetails
No. of Pages135
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 635.8 Million
Forecasted Market Value ( USD ) by 2032 $ 974.6 Million
Compound Annual Growth Rate4.9%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Parachute Market

The Parachute market within the Military Aerospace and Defense sector is a specialized industry that provides parachutes and related equipment for military personnel. Parachutes are used to safely deploy personnel and equipment from aircraft, and are designed to be lightweight, durable, and reliable. The parachutes are typically made from nylon or other synthetic materials, and are designed to open quickly and reliably. The parachutes are also designed to be reusable, and are often equipped with a variety of features such as automatic deployment systems, reserve parachutes, and other safety features. The Parachute market is an important part of the Military Aerospace and Defense sector, as it provides a critical safety component for personnel and equipment. The parachutes are designed to be reliable and durable, and are often used in a variety of military operations. Some companies in the Parachute market include Airborne Systems, Irvin Aerospace, and Para-Flite. Show Less Read more

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