Parachute Market Report by Type (Round Parachute, Cruciform Parachute, Ram-Air Parachute, and Others), Fabric Material (Nylon, Silk, Kevlar, and Others), Application (Military, Cargo, and Others), and Region 2024-2032

Parachute Market Report by Type (Round Parachute, Cruciform Parachute, Ram-Air Parachute, and Others), Fabric Material (Nylon, Silk, Kevlar, and Others), Application (Military, Cargo, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5215
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Market Overview:

The global parachute market size reached US$ 635.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 974.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 635.8 Million
Market Forecast in 2032 US$ 974.6 Million
Market Growth Rate (2024-2032) 4.8%


A parachute is a dome-shaped device that slows down the vertical descent of a person falling through an atmosphere. It is made using strong and lightweight fabric, such as silk and nylon, and reinforce handholds to increase air resistance and create drag during free fall. It slows the load sufficiently to prevent and minimize injury or impact while landing on the ground. As a result, it is used for slowing a returning space capsule after entering into the atmosphere of the earth.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Parachute Market Trends:

The increasing employment of parachutes in the defense and military industry for troop distribution, transportation, and training represents one of the key factors driving the market. Moreover, parachutes are utilized in microlights, light aircraft and hang gliders for ballistic purposes. This, along with the rising application of drogue chutes in aircraft to provide control and stable landing on wet and icy runways, is propelling the growth of the market. In addition, the increasing trend of adventure sports, such as skydiving, para jumping, paragliding, and paramotoring among individuals for stress relief and boosting confidence, is catalyzing the demand for parachutes. Besides this, the introduction of technologically developed military parachutes is offering lucrative growth opportunities to end users and investors. Additionally, there is a rise in the usage of parachutes in unmanned aerial vehicles (UAVs) to reduce their kinetic energy while descending and landing. Apart from this, key market players are extensively investing in research and development (R&D) activities to provide enhanced product variants for catering to the needs of the end users. These players are also focusing on mergers and acquisitions to increase their overall sales and profitability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global parachute market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, fabric material and application.

Breakup by Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Round Parachute
  • Cruciform Parachute
  • Ram-Air Parachute
  • Others
     

Breakup by Fabric Material:

  • Nylon
  • Silk
  • Kevlar
  • Others
     

Breakup by Application:

  • Military
  • Cargo
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerodyne Research LLC, Airborne Systems (TransDigm Inc.), BAE Systems plc, Ballenger International LLC, Butler Parachute Systems Inc., Cimsa Ingeniería de Sistemas S.A., Fxc Corporation, Mills Manufacturing Corporation, NH Global Sdn Bhd, Parachute Systems, Precision Aerodynamics and Sachsische Spezialkonfektion GmbH.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Fabric Material, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aerodyne Research LLC, Airborne Systems (TransDigm Inc.), BAE Systems plc, Ballenger International LLC, Butler Parachute Systems Inc., Cimsa Ingeniería de Sistemas S.A., Fxc Corporation, Mills Manufacturing Corporation, NH Global Sdn Bhd, Parachute Systems, Precision Aerodynamics and Sachsische Spezialkonfektion GmbH
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global parachute market was valued at US$ 635.8 Million in 2023.

We expect the global parachute market to exhibit a CAGR of 4.8% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous recreational and sports activities, negatively impacting the global market for parachute.

The rising trend of adventure sports, including skydiving, para jumping, paragliding, and paramotoring, for stress relief and boosting confidence, is primarily driving the global parachute market.

Based on the type, the global parachute market has been segmented into round parachute, cruciform parachute, ram-air parachute, and others. Among these, round parachute currently holds the majority of the total market share.

Based on the application, the global parachute market can be divided into military, cargo, and others. Currently, military exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global parachute market include Aerodyne Research LLC, Airborne Systems (TransDigm Inc.), BAE Systems plc, Ballenger International LLC, Butler Parachute Systems Inc., Cimsa Ingeniería de Sistemas S.A., Fxc Corporation, Mills Manufacturing Corporation, NH Global Sdn Bhd, Parachute Systems, Precision Aerodynamics, and SachsischeSpezialkonfektion GmbH.

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Parachute Market Report by Type (Round Parachute, Cruciform Parachute, Ram-Air Parachute, and Others), Fabric Material (Nylon, Silk, Kevlar, and Others), Application (Military, Cargo, and Others), and Region 2024-2032
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