PUBLISHER: IMARC | PRODUCT CODE: 1291594
PUBLISHER: IMARC | PRODUCT CODE: 1291594
Parachute Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global parachute market size reached US$ 603.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 850.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
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:
IMARC Group 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 2023-2028. 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 Ingenieria 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 2022?
2. What is the expected growth rate of the global parachute market during 2023-2028?
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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 Ingenieria 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
- 14.3.1 Aerodyne Research LLC
List of Figures
- Figure 1: Global: Parachute Market: Major Drivers and Challenges
- Figure 2: Global: Parachute Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Parachute Market: Breakup by Type (in %), 2022
- Figure 5: Global: Parachute Market: Breakup by Fabric Material (in %), 2022
- Figure 6: Global: Parachute Market: Breakup by Application (in %), 2022
- Figure 7: Global: Parachute Market: Breakup by Region (in %), 2022
- Figure 8: Global: Parachute (Round Parachute) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Parachute (Round Parachute) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Parachute (Cruciform Parachute) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Parachute (Cruciform Parachute) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Parachute (Ram-Air Parachute) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Parachute (Ram-Air Parachute) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Parachute (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Parachute (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Parachute (Nylon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Parachute (Nylon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Parachute (Silk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Parachute (Silk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Parachute (Kevlar) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Parachute (Kevlar) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Parachute (Other Fabric Materials) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Parachute (Other Fabric Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Parachute (Military) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Parachute (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Parachute (Cargo) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Parachute (Cargo) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Parachute (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Parachute (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Parachute Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Parachute Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Parachute Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Parachute Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Parachute Market Forecast: Breakup by Fabric Material (in Million US$), 2023-2028
- Table 4: Global: Parachute Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Parachute Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Parachute Market: Competitive Structure
- Table 7: Global: Parachute Market: Key Players
