Market Overview:
The global commercial parachutes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for parachutes in the entertainment and performance industry, and aviation sector. Additionally, the growing popularity of skydiving is also contributing to the growth of this market. North America dominates the global commercial parachutes market, followed by Europe and Asia Pacific.
Product Definition:
Commercial parachutes are used for a variety of purposes, including skydiving, BASE jumping, and aerial photography. They are also sometimes used to deliver supplies to people or equipment in difficult-to-reach locations. Commercial parachutes are typically made from sturdy materials like nylon and canopies made from Kevlar or other similar materials. They often have more features than recreational parachutes, such as reserve chutes and different steering mechanisms. The importance of commercial parachutes lies in their ability to safely transport people or equipment to specific destinations without incident.
Round Parachute:
Round parachutes are used in the majority of commercial air cargo, general aviation and military applications. The round parachute is manufactured from nylon fabric and has a diameter of approximately 55 feet (17.5 m). It’s shape provides stability to the parachute which helps in preventing landing damage. In addition, it offers high drag resistance for stable landing even at high speed.
Square Parachute:
The square parachute is a closed shape and made up of nylon fabric. It has four corners that make it easier to deploy and the ability to land any where even with weak spots in the canopy. The square parachute can be seen in action during free fall by its ease of deployment as compared to a round one, which makes it preferable for commercial use.
Application Insights:
The other application segment includes civil applications such as emergency services, mass evacuations, and skydiving. The entertainment and performances use is expected to be the fastest-growing application segment over the forecast period owing to increasing parachute jumps by athletes for sports events and carnivals. Square parachutes are widely used in skydiving as they offer a larger area of deployment compared with round parachutes. Round parachutes are more expensive than square ones but have greater performance capabilities on account of their geometry; however, square chambered parachutes are more affordable than round ones due to lesser performance requirements.
Entertainment companies including Cirque du Soleil use commercial parachute rigs for aerial acts that require a large number of participants or equipment that needs to be dropped at short distances from the airfield surface.
Regional Analysis:
North America dominated the global commercial parachutes market in 2017. The region is expected to witness a considerable growth rate of 3.9% over the forecast period, owing to increasing awareness regarding skydiving and BASE jumping among participants, as well as spectators across the U.S., Canada, and Mexico.
Europe accounted for a significant share of revenue in 2017 owing to presence of major manufacturers such as Aerei da Trasporto Parachutisti (ATP), Breda parachute systems S.p.A.
Asia Pacific is anticipated to register fastest CAGR from 2018 to 2030 due high population within countries like China.
Growth Factors:
- The increasing demand for commercial parachutes from the military and para-military sectors due to their high performance and reliability.
- The growing popularity of skydiving as a recreational activity, which is driving the demand for commercial parachutes.
- The increasing use of commercial parachutes in search and rescue operations owing to their high efficiency in locating survivors in difficult terrains.
- The rising number of air shows and other events that require the use of commercial parachutes for stunts and performances, thereby propelling the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Parachutes Market Research Report
By Type
Round Parachute, Square Parachute, Cruciform Parachute, Other
By Application
Entertainment and Performances Use, Aviation Use, Other
By Companies
BAE Systems, Mills Manufacturing, Zodiac Aerospace, Airborne Systems, Spekon, FXC, Ballenger International, Aerodyne Research, Parachutes Australia, CIMSA Ingenieria De Sistemas, BAE Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Parachutes Market Report Segments:
The global Commercial Parachutes market is segmented on the basis of:
Types
Round Parachute, Square Parachute, Cruciform Parachute, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Entertainment and Performances Use, Aviation Use, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems
- Mills Manufacturing
- Zodiac Aerospace
- Airborne Systems
- Spekon
- FXC
- Ballenger International
- Aerodyne Research
- Parachutes Australia
- CIMSA Ingenieria De Sistemas
- BAE Systems
Highlights of The Commercial Parachutes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Round Parachute
- Square Parachute
- Cruciform Parachute
- Other
- By Application:
- Entertainment and Performances Use
- Aviation Use
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Parachutes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial parachutes are used for a variety of purposes, including: -To safely bring people down from high altitudes -To transport goods and materials
Some of the major players in the commercial parachutes market are BAE Systems, Mills Manufacturing, Zodiac Aerospace, Airborne Systems, Spekon, FXC, Ballenger International, Aerodyne Research, Parachutes Australia, CIMSA Ingenieria De Sistemas, BAE Systems.
The commercial parachutes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Parachutes Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Commercial Parachutes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial Parachutes Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Commercial Parachutes Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Commercial Parachutes Market Size & Forecast, 2020-2028 4.5.1 Commercial Parachutes Market Size and Y-o-Y Growth 4.5.2 Commercial Parachutes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Round Parachute
5.2.2 Square Parachute
5.2.3 Cruciform Parachute
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Entertainment and Performances Use
6.2.2 Aviation Use
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Parachutes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Parachutes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Round Parachute
9.6.2 Square Parachute
9.6.3 Cruciform Parachute
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Entertainment and Performances Use
9.10.2 Aviation Use
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Round Parachute
10.6.2 Square Parachute
10.6.3 Cruciform Parachute
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Entertainment and Performances Use
10.10.2 Aviation Use
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Round Parachute
11.6.2 Square Parachute
11.6.3 Cruciform Parachute
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Entertainment and Performances Use
11.10.2 Aviation Use
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Round Parachute
12.6.2 Square Parachute
12.6.3 Cruciform Parachute
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Entertainment and Performances Use
12.10.2 Aviation Use
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Round Parachute
13.6.2 Square Parachute
13.6.3 Cruciform Parachute
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Entertainment and Performances Use
13.10.2 Aviation Use
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Parachutes Market: Competitive Dashboard
14.2 Global Commercial Parachutes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 Mills Manufacturing
14.3.3 Zodiac Aerospace
14.3.4 Airborne Systems
14.3.5 Spekon
14.3.6 FXC
14.3.7 Ballenger International
14.3.8 Aerodyne Research
14.3.9 Parachutes Australia
14.3.10 CIMSA Ingenieria De Sistemas
14.3.11 BAE Systems