PUBLISHER: Allied Market Research | PRODUCT CODE: 1193053
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193053
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 Ingenieria 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
By Product Type
By Components
By Application
By Region