Market Overview:
The global drogue parachutes market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global drogue parachutes market is segmented on the basis of type, application and region. On the basis of type, the composite material segment is expected to account for a major share of the global drogue parachutes market in 2018. This can be attributed to its superior properties such as high strength-to-weight ratio and corrosion resistance. However, other materials are also expected to witness significant growth during the forecast period owing to their increasing adoption in military applications. On the basis of application, civil use segment is anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period followed by military use segment. This can be attributed primarily due rising demand for commercial air travel across different geographies coupled with increasing investments towards development & upgradation of defence infrastructure worldwide .
Product Definition:
A drogue parachute is a small parachute that is used to stabilize and slow the descent of a larger parachute. They are typically used in conjunction with main parachutes, and can be deployed either manually or automatically. Drogue parachutes are important for ensuring safe descents, and can also help to reduce the amount of time needed for landing.
Composite Material:
Composite materials are a combination of two or more substances, which when processed for use in an end product, provide enhanced properties than the individual components. The most common composite material used in aerospace applications is carbon fiber reinforced polymer (CFRP). Carbon fibers are very strong and lightweight; however they do not possess high stiffness like glass fibers.
Others:
Others are the accessories used to deploy a drogue parachute. It includes various components such as bridles, risers, and canopies. Others segment is expected to witness significant growth over the forecast period owing to its increasing application in deploying drogue parachutes during air-to-ground space missions.
Other’s market size was valued at USD 472 million in 2015.
Application Insights:
The civil use is projected to dominate the global market with a share of over 80.0% in terms of revenue in 2030. The growth can be attributed to the increasing number of commercial and private air services across the globe. Drogue chutes are used by skydiving organizations for training, recreational, and competitive activities among others.
Recreational parachuting has witnessed an upsurge in popularity owing to its low cost compared to other forms of adventure sports such as rock climbing or skiing which involves expensive equipment and safety gear required during such activities like helmets, harnesses, protective clothing etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few variations in terms of use and application. However, Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to increasing military operations and activities by countries such as India, China, Japan and South Korea across their respective borders. Moreover, growing civil aviation activities are also expected to drive demand for dorague parachutes over the next eight years.
The European market was valued at USD X million in 2017; however it is anticipated that this number will grow at a significant rate over the forecast period due to increased spending on search & rescue (SAR) operations along with other applications including military use of dorague parachutes within Europe itself as well as across international borders during natural calamities or emergencies such as war etc.).
Growth Factors:
- Technological advancements in parachute technology
- Increasing demand for parachutes from the defense sector
- Growing popularity of skydiving and other adventure sports
- Rising number of air accidents and emergency evacuations
- Proliferation of para-sailing and other airborne sports
Scope Of The Report
Report Attributes
Report Details
Report Title
Drogue Parachutes Market Research Report
By Type
Composite Material, Others
By Application
Civil Use, Military Use
By Companies
Irvin-GQ (U.K.)
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Drogue Parachutes Market Report Segments:
The global Drogue Parachutes market is segmented on the basis of:
Types
Composite Material, Others
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
Civil Use, Military Use
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:
- Irvin-GQ (U.K.)
Highlights of The Drogue 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:
- Composite Material
- Others
- By Application:
- Civil Use
- Military Use
- 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 Drogue 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.
How you may use our products:
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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?
Drogue parachutes are a type of parachute designed to be towed behind an aircraft. They are used to slow the descent of an aircraft and allow it to land without crashing into the ground.
Some of the major players in the drogue parachutes market are Irvin-GQ (U.K.).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drogue 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 Drogue Parachutes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Drogue 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 Drogue 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 Drogue Parachutes Market Size & Forecast, 2018-2028 4.5.1 Drogue Parachutes Market Size and Y-o-Y Growth 4.5.2 Drogue Parachutes Market Absolute $ Opportunity
Chapter 5 Global Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Type
5.2.1 Composite Material
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Applications
6.2.1 Civil Use
6.2.2 Military Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drogue 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 Drogue 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 Drogue Parachutes Analysis and Forecast
9.1 Introduction
9.2 North America Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Type
9.6.1 Composite Material
9.6.2 Others
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 Drogue Parachutes Market Size Forecast by Applications
9.10.1 Civil Use
9.10.2 Military Use
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 Drogue Parachutes Analysis and Forecast
10.1 Introduction
10.2 Europe Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Type
10.6.1 Composite Material
10.6.2 Others
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 Drogue Parachutes Market Size Forecast by Applications
10.10.1 Civil Use
10.10.2 Military Use
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 Drogue Parachutes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Type
11.6.1 Composite Material
11.6.2 Others
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 Drogue Parachutes Market Size Forecast by Applications
11.10.1 Civil Use
11.10.2 Military Use
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 Drogue Parachutes Analysis and Forecast
12.1 Introduction
12.2 Latin America Drogue Parachutes 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 Drogue Parachutes Market Size Forecast by Type
12.6.1 Composite Material
12.6.2 Others
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 Drogue Parachutes Market Size Forecast by Applications
12.10.1 Civil Use
12.10.2 Military Use
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) Drogue Parachutes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drogue Parachutes 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) Drogue Parachutes Market Size Forecast by Type
13.6.1 Composite Material
13.6.2 Others
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) Drogue Parachutes Market Size Forecast by Applications
13.10.1 Civil Use
13.10.2 Military Use
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 Drogue Parachutes Market: Competitive Dashboard
14.2 Global Drogue Parachutes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Irvin-GQ (U.K.)