Market Overview:
The global military parachute market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,711.5 Mn by 2030, registering a CAGR of 7.9% from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the round parachutes segment is expected to account for a major share of the global military parachute market in 2018. This segment is also projected to register highest CAGR during the forecast period owing to increasing demand for round parachutes for personnel as well as cargo applications across regions.
Product Definition:
A parachute is a device used to slow the descent of an object through the atmosphere. It is usually made of light, strong fabric, such as nylon, and is opened by pulling on a ripcord or activating a release mechanism. When opened, the parachute slows the fall of the object to which it is attached. Military parachutes are used by soldiers and aircrews for insertion and extraction from hostile territory. They are also used in search-and-rescue operations and for dropping supplies to troops or civilians in need.
Round Parachutes:
Round parachutes are used in low altitude airsoft warfare and for training of military parachutists. It is a simple device consisting of nylon fabric with elastic cord attached to it which serves the purpose as a towline. The round parachute was initially designed for use by British airborne forces during World War II, but its usage was later extended to other Commonwealth nations' airborne units as well.
Ram-air Parachutes:
The Ram-air parachutes are a type of parachuting where the parachute is deployed by using an air current generated by the wings or a wind created by the fan. The parachute is deployed through an opening in the wing and travels along with it. These parachutes are most effective when used in open areas such as fields, roads, and meadows.
Application Insights:
The personnel parachutes segment held the largest share of over 60.0% in 2017. The demand for military parachuting services is witnessing a rise due to increasing cross-border operations and deployment of troops from various countries across the world. Deployment of troops from developed as well as developing countries has increased the scope for military parachuting in humanitarian aid operations, which is expected to drive growth over the forecast period.
Cargo parachute is one of the significant application segments that offer lucrative opportunities for market participants owing to growing air cargo transportation activities globally since past few decades. Increasing air cargo transportation activities have led to an increase in demand for specialized equipment such as chutes and containers that ensure safe delivery of cargoes at desired destinations, thus providing a potential platform on which market can be built up over next few years with efficient utilization rate during jumps or openings/closing times between jumps (if any).
Regional Analysis:
North America dominated the global military parachutes market in 2017. The U.S., which is the largest consumer of parachutes, has deployed a large number of troops around the world to protect its national interests and maintain stability in various parts of the world. As a result, demand for military parachutes is expected to witness significant growth over the forecast period.
Asia Pacific region accounted for over 15% share in terms of revenue and is expected to grow at an exponential rate from 2018 to 2030 owing to increasing geopolitical tensions between major countries such as China and India along with other South East Asian countries that border them heavily influencing overall market growth through supply-demand dynamics.
Growth Factors:
- Increasing demand for military parachutes from the defense sector owing to increasing wars and terrorist activities across the globe.
- Growing investments by parachute manufacturers in research and development to develop new and innovative products that meet the requirements of defense forces worldwide.
- Rising number of airborne troops due to growing popularity of airborne assaults in modern warfare tactics, which is expected to fuel demand for military parachutes over the forecast period.
- Proliferation of private military companies (PMCs) that are increasingly procuring military parachutes for their personnel, thereby driving growth prospects for this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Parachute Market Research Report
By Type
Round Parachutes, Ram-air Parachutes, Annular Parachutes, Ribbon and Ring Parachutes, Others
By Application
Personnel Parachutes, Cargo Parachutes
By Companies
Airborne Systems, Zodiac Aerospace, Avic Hongguang Airborne Equipment, BRS Aerospace, Fujikura Parachute, Performance Designs, VITAL Parachute, Mills Manufacturing, Vertical do Ponto, Complete Parachute, Autoflug, FXC Corporation, Butler Parachute Systems, NZ Aerosports, National Parachute, Parachute Systems, Parachute Laboratories, Spekon, Magam Safety, Antares IAC
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Military Parachute Market Report Segments:
The global Military Parachute market is segmented on the basis of:
Types
Round Parachutes, Ram-air Parachutes, Annular Parachutes, Ribbon and Ring Parachutes, 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
Personnel Parachutes, Cargo Parachutes
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:
- Airborne Systems
- Zodiac Aerospace
- Avic Hongguang Airborne Equipment
- BRS Aerospace
- Fujikura Parachute
- Performance Designs
- VITAL Parachute
- Mills Manufacturing
- Vertical do Ponto
- Complete Parachute
- Autoflug
- FXC Corporation
- Butler Parachute Systems
- NZ Aerosports
- National Parachute
- Parachute Systems
- Parachute Laboratories
- Spekon
- Magam Safety
- Antares IAC
Highlights of The Military Parachute 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 Parachutes
- Ram-air Parachutes
- Annular Parachutes
- Ribbon and Ring Parachutes
- Others
- By Application:
- Personnel Parachutes
- Cargo Parachutes
- 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 Military Parachute 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?
Military parachute is a type of parachute designed for use by the military. It is made from strong, durable materials and has a special design that allows it to open quickly and safely in the air. Military parachutes are used to bring soldiers down safely after they have been jump-jacked or shot out of an airplane.
Some of the key players operating in the military parachute market are Airborne Systems, Zodiac Aerospace, Avic Hongguang Airborne Equipment, BRS Aerospace, Fujikura Parachute, Performance Designs, VITAL Parachute, Mills Manufacturing, Vertical do Ponto, Complete Parachute, Autoflug, FXC Corporation, Butler Parachute Systems, NZ Aerosports, National Parachute, Parachute Systems, Parachute Laboratories, Spekon, Magam Safety, Antares IAC.
The military parachute market is expected to grow at a compound annual growth rate of 7.9%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Parachute Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Parachute Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Parachute Market - Supply Chain
4.5. Global Military Parachute Market Forecast
4.5.1. Military Parachute Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Parachute Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Parachute Market Absolute $ Opportunity
5. Global Military Parachute Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Parachute Market Size and Volume Forecast by Type
5.3.1. Round Parachutes
5.3.2. Ram-air Parachutes
5.3.3. Annular Parachutes
5.3.4. Ribbon and Ring Parachutes
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Parachute Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Parachute Market Size and Volume Forecast by Application
6.3.1. Personnel Parachutes
6.3.2. Cargo Parachutes
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Parachute Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Parachute Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Parachute Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Parachute Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Parachute Demand Share Forecast, 2019-2026
9. North America Military Parachute Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Parachute Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Parachute Market Size and Volume Forecast by Application
9.4.1. Personnel Parachutes
9.4.2. Cargo Parachutes
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Parachute Market Size and Volume Forecast by Type
9.7.1. Round Parachutes
9.7.2. Ram-air Parachutes
9.7.3. Annular Parachutes
9.7.4. Ribbon and Ring Parachutes
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Parachute Demand Share Forecast, 2019-2026
10. Latin America Military Parachute Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Parachute Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Parachute Market Size and Volume Forecast by Application
10.4.1. Personnel Parachutes
10.4.2. Cargo Parachutes
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Parachute Market Size and Volume Forecast by Type
10.7.1. Round Parachutes
10.7.2. Ram-air Parachutes
10.7.3. Annular Parachutes
10.7.4. Ribbon and Ring Parachutes
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Parachute Demand Share Forecast, 2019-2026
11. Europe Military Parachute Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Parachute Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Parachute Market Size and Volume Forecast by Application
11.4.1. Personnel Parachutes
11.4.2. Cargo Parachutes
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Parachute Market Size and Volume Forecast by Type
11.7.1. Round Parachutes
11.7.2. Ram-air Parachutes
11.7.3. Annular Parachutes
11.7.4. Ribbon and Ring Parachutes
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Parachute Demand Share, 2019-2026
12. Asia Pacific Military Parachute Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Parachute Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Parachute Market Size and Volume Forecast by Application
12.4.1. Personnel Parachutes
12.4.2. Cargo Parachutes
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Parachute Market Size and Volume Forecast by Type
12.7.1. Round Parachutes
12.7.2. Ram-air Parachutes
12.7.3. Annular Parachutes
12.7.4. Ribbon and Ring Parachutes
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Parachute Demand Share, 2019-2026
13. Middle East & Africa Military Parachute Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Parachute Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Parachute Market Size and Volume Forecast by Application
13.4.1. Personnel Parachutes
13.4.2. Cargo Parachutes
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Parachute Market Size and Volume Forecast by Type
13.7.1. Round Parachutes
13.7.2. Ram-air Parachutes
13.7.3. Annular Parachutes
13.7.4. Ribbon and Ring Parachutes
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Parachute Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Parachute Market: Market Share Analysis
14.2. Military Parachute Distributors and Customers
14.3. Military Parachute Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airborne Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Zodiac Aerospace
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Avic Hongguang Airborne Equipment
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BRS Aerospace
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujikura Parachute
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Performance Designs
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VITAL Parachute
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mills Manufacturing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vertical do Ponto
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Complete Parachute
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Autoflug
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FXC Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Butler Parachute Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NZ Aerosports
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. National Parachute
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Parachute Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Parachute Laboratories
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Spekon
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Magam Safety
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Antares IAC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
