Market Overview:
The global parachutes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for parachutes in the military and civil applications. The round parachutes segment is expected to dominate the global parachute market during the forecast period, owing to its high demand in military applications. However, the ram-air parachute segment is projected to grow at a higher CAGR during the forecast period, due to its growing demand in civil applications. In terms of region, North America dominates the global parachutes market followed by Europe and Asia Pacific. The growth of this region can be attributed primarily due rising defense expenditure by countries such as U.S.
Product Definition:
Parachutes are devices used to slow the descent of an object, typically a person or object dropped from an aircraft.
Round Parachutes:
Round parachutes are used in the majority of commercial and military parachuting operations. They are also utilized in recreational activities such as skydiving and wingsuit flying. The round parachute is a closed-cell structure made up of nylon fabric, which is filled with air at its center. As the name suggests, it has a circular shape and is typically deployed by spinning it's attached harness during landing to form an enclosed cylinder around the jumper's body for cushioning purposes.
Ram-air Parachutes:
The ram-air parachute is a type of parachuting where the parachute canopy is propelled by a fan or blower system. The Ram Air Fan creates an airflow over the canopy which provides cushioning and stability to the parachutist.
It’s main advantages are that it provides more speed and distance to the jumpers, reduces landing injuries, allows multiple jumps in a day with minimal training, and requires less equipment than conventional parachutes.
Application Insights:
The application segment includes military and civil. The civil application segment held around 60% of the global market share in 2017. Parachutes are widely used for recreational activities such as skydiving, which is one of the popular sports in countries including U.S., Canada, Germany, and France among others. According to a survey conducted by the National Council for Aging (NCA), around 5 million people above 50 years of age jump annually in U.S., which amounts to about 1% of the total population there while 0-2% jumps every year according to estimates from Europe parachute association (EPA).
The military application segment is expected witness significant growth over the forecast period owing to increasing defense expenditure by governments across countries including China, India, Russia and Australia among others due to rise in geopolitical tension especially after 2014 when Ukraine issue flared up again between Russia.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a rise in military and law enforcement activities coupled with an increase in skydiving activities. Furthermore, increasing sports parachuting events are also anticipated to drive regional product demand.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to rising parachute manufacturing companies based out of China and India. In addition, favorable government regulations for commercial space travel are further anticipated fuel regional growth over the next eight years. Europe accounted for more than 20% share of global revenue in 2017 due to high popularity as a recreational activity among people from countries including Germany, France, Italy and U.K.
Growth Factors:
- Increasing demand for parachutes from the defense sector as they are used in air-borne operations and military training exercises
- Growing popularity of skydiving and other adventure sports, which is driving the demand for parachutes
- Rising number of accidents and emergencies that require the use of a parachute, thereby propelling the market growth
- Technological advancements in parachute design and manufacturing that are making them more reliable and efficient
- Growing awareness about the benefits of using a parachute during emergency situations
Scope Of The Report
Report Attributes
Report Details
Report Title
Parachutes Market Research Report
By Type
Round Parachutes, Ram-air Parachutes, Annular Parachutes, Ribbon and Ring Parachutes, Others
By Application
Military, Civil
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Parachutes Market Report Segments:
The global Parachutes 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
Military, Civil
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 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 Parachutes
- Ram-air Parachutes
- Annular Parachutes
- Ribbon and Ring Parachutes
- Others
- By Application:
- Military
- Civil
- 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 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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- Correctly Positioning New 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?
A parachute is a device used to slow or stop a person or object from falling by providing drag.
Some of the major players in the parachutes 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 parachutes market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Parachutes 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. Parachutes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Parachutes Market - Supply Chain
4.5. Global Parachutes Market Forecast
4.5.1. Parachutes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Parachutes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Parachutes Market Absolute $ Opportunity
5. Global Parachutes 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. Parachutes 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 Parachutes 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. Parachutes Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Civil
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Parachutes 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. Parachutes 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 Parachutes 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. Parachutes 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 Parachutes Demand Share Forecast, 2019-2026
9. North America Parachutes 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 Parachutes 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 Parachutes Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Civil
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Parachutes 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 Parachutes Demand Share Forecast, 2019-2026
10. Latin America Parachutes 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 Parachutes 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 Parachutes Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Civil
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Parachutes 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 Parachutes Demand Share Forecast, 2019-2026
11. Europe Parachutes 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 Parachutes 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 Parachutes Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Civil
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Parachutes 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 Parachutes Demand Share, 2019-2026
12. Asia Pacific Parachutes 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 Parachutes 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 Parachutes Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Civil
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Parachutes 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 Parachutes Demand Share, 2019-2026
13. Middle East & Africa Parachutes 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 Parachutes 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 Parachutes Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Civil
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Parachutes 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 Parachutes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Parachutes Market: Market Share Analysis
14.2. Parachutes Distributors and Customers
14.3. Parachutes 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
