Market Overview:
The global parachute recovery systems 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. In terms of volume, the global parachute recovery systems market is expected to reach 906 Thousand units by 2030. The growth of the parachute recovery systems market can be attributed to the increasing demand for UAS parachutes for commercial and military applications across the globe. The increasing use of drones for various purposes such as photography, mapping & surveying, cargo delivery etc., has led to an increase in demand for UAS parachutes globally.
Product Definition:
Parachute Recovery Systems (PRS) are a type of drag device that is used to slow the descent of a spacecraft or aerospace vehicle during atmospheric reentry. The use of PRS can help to minimize damage to the vehicle and its occupants during landing.
UAS Parachute Recovery Systems:
UAS parachute recovery systems is a system used to recover unmanned aerial vehicles, also known as drones. The UAS parachutes are deployed by the drone’s onboard computer in free fall until its weight brings it down to the ground. There are two types of systems: static line and spinning wheel parachute system.
The global UAS PARACHUTE RECOVERY Systems market size was valued at USD 56,852 in 2016.
Aircraft Parachute Recovery Systems:
Aircraft parachute recovery systems are used to recover an aircraft after landing or in case of emergency situations. The system comprises of a nylon cord, attached with a steel cable which is wound around the spool and then attached with the aircraft tail hook. The other end of the nylon cord is connected to a winch on ground level and when activated, it pulls the aircraft down towards earth surface.
Application Insights:
The military segment held the largest market share in 2017. This is attributed to the growing use of parachutes and parachute systems for surveillance, air-to-air refueling, and ground attack missions among others. The commercial segment is expected to witness a significant CAGR during the forecast period owing to increasing adoption of UAS for commercial applications such as aerial filming, photography, mapping and monitoring activities among others.
UAS equipped with a parachute recovery system can be used for various purposes including crop spraying or inspection from an altitude of approximately 1 kilometer up to 100 kilometers away from the target area which provides farmers with real-time data on crops or soil conditions while saving both time and money required in conventional methods of data collection (Parachute Use In Agriculture). Other uses include forest fire monitoring where UAVs equipped with parachutes can be used not only for reconnaissance but also drop retardant on burning forests (Parachute Use In Firefighting).
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a prominent market for parachute recovery systems as it has the largest commercial airspace and military bases worldwide. Furthermore, North America is home to several key players of this industry such as 3M Company; therefore, there exists a healthy competition among these companies to introduce advanced products for parachute recovery system application.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand from emerging economies such as China and India along with other countries in Southeast Asia region that have large amounts of open space available for development due to limited amount of land area available within their national borders or small size compared with other countries (for example, Australia). Therefore, they are compelled toward using parachutes when landing on open spaces owing both cost savings and environmental benefits offered by parachutes over ground landing techniques.
Growth Factors:
- Increasing demand for parachutes in the defense sector
- Growing popularity of skydiving and other adventure sports
- Technological advancements in parachute design and manufacturing
- Rising awareness about the benefits of using parachutes for safety purposes
- Growing number of emergency services providers using parachutes
Scope Of The Report
Report Attributes
Report Details
Report Title
Parachute Recovery Systems Market Research Report
By Type
UAS Parachute Recovery Systems, Aircraft Parachute Recovery Systems
By Application
Military, Commercial
By Companies
BRS Aerospace, Galaxy GRS, Indemnis, Butler Parachute Systems, Fruity Chutes, ParaZero, Drone Rescue Systems GmbH, Skycat, CIMSA IngenierÃa de Sistemas, S.A.
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Parachute Recovery Systems Market Report Segments:
The global Parachute Recovery Systems market is segmented on the basis of:
Types
UAS Parachute Recovery Systems, Aircraft Parachute Recovery Systems
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
Military, Commercial
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:
- BRS Aerospace
- Galaxy GRS
- Indemnis
- Butler Parachute Systems
- Fruity Chutes
- ParaZero
- Drone Rescue Systems GmbH
- Skycat
- CIMSA IngenierÃa de Sistemas, S.A.
Highlights of The Parachute Recovery Systems 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:
- UAS Parachute Recovery Systems
- Aircraft Parachute Recovery Systems
- By Application:
- Military
- Commercial
- 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 Parachute Recovery Systems 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?
A parachute recovery system (PRS) is a specialized piece of equipment used to safely and quickly recover parachutes that have failed during or after use. PRSs are typically located near airports, and can be activated in the event that a parachute fails to open properly.
Some of the major companies in the parachute recovery systems market are BRS Aerospace, Galaxy GRS, Indemnis, Butler Parachute Systems, Fruity Chutes, ParaZero, Drone Rescue Systems GmbH, Skycat, CIMSA IngenierƒÂa de Sistemas, S.A..
The parachute recovery systems 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. Parachute Recovery Systems 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. Parachute Recovery Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Parachute Recovery Systems Market - Supply Chain
4.5. Global Parachute Recovery Systems Market Forecast
4.5.1. Parachute Recovery Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Parachute Recovery Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Parachute Recovery Systems Market Absolute $ Opportunity
5. Global Parachute Recovery Systems 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. Parachute Recovery Systems Market Size and Volume Forecast by Type
5.3.1. UAS Parachute Recovery Systems
5.3.2. Aircraft Parachute Recovery Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Parachute Recovery Systems 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. Parachute Recovery Systems Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Parachute Recovery Systems 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. Parachute Recovery Systems 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 Parachute Recovery Systems 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. Parachute Recovery Systems 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 Parachute Recovery Systems Demand Share Forecast, 2019-2026
9. North America Parachute Recovery Systems 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 Parachute Recovery Systems 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 Parachute Recovery Systems Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Parachute Recovery Systems Market Size and Volume Forecast by Type
9.7.1. UAS Parachute Recovery Systems
9.7.2. Aircraft Parachute Recovery Systems
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 Parachute Recovery Systems Demand Share Forecast, 2019-2026
10. Latin America Parachute Recovery Systems 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 Parachute Recovery Systems 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 Parachute Recovery Systems Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Parachute Recovery Systems Market Size and Volume Forecast by Type
10.7.1. UAS Parachute Recovery Systems
10.7.2. Aircraft Parachute Recovery Systems
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 Parachute Recovery Systems Demand Share Forecast, 2019-2026
11. Europe Parachute Recovery Systems 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 Parachute Recovery Systems 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 Parachute Recovery Systems Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Parachute Recovery Systems Market Size and Volume Forecast by Type
11.7.1. UAS Parachute Recovery Systems
11.7.2. Aircraft Parachute Recovery Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-YGrowth 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 Parachute Recovery Systems Demand Share, 2019-2026
12. Asia Pacific Parachute Recovery Systems 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 Parachute Recovery Systems 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 Parachute Recovery Systems Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Parachute Recovery Systems Market Size and Volume Forecast by Type
12.7.1. UAS Parachute Recovery Systems
12.7.2. Aircraft Parachute Recovery Systems
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 Parachute Recovery Systems Demand Share, 2019-2026
13. Middle East & Africa Parachute Recovery Systems 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 Parachute Recovery Systems 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 Parachute Recovery Systems Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Parachute Recovery Systems Market Size and Volume Forecast by Type
13.7.1. UAS Parachute Recovery Systems
13.7.2. Aircraft Parachute Recovery Systems
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 Parachute Recovery Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Parachute Recovery Systems Market: Market Share Analysis
14.2. Parachute Recovery Systems Distributors and Customers
14.3. Parachute Recovery Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BRS Aerospace
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Galaxy GRS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Indemnis
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Butler Parachute Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fruity Chutes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ParaZero
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Drone Rescue Systems GmbH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Skycat
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CIMSA Ingeniería de Sistemas, S.A.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
