Global Parachute Market

By 2022, the Global Parachute Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. A bulk of the demand for parachutes in the global market is propelled by its employment for military purposes, being extensively used on aircrafts and by troops for training. In the recent years, the need for heavy-duty parachutes that will flawlessly aid in precise air drops has increased exponentially. Currently, the development of the commercial parachute industry is centred on the inclusion of nanotechnology, a radical new technology that will reduce the hauling weight and make it more efficient and practical. And finally, parachutes are increasingly finding popularity in fitness training sessions where they are strapped on the athletes back and offer him an additional resistance.

Markey Dynamics

Major driving forces for the market growth include rise in the rate of conflicts worldwide, increased usage of parachute bombs and UAVs for ISR activities, and growing demographic of thrill seekers who utilize parachutes in recreational activities. Moreover, growing instances of joint-paratrooping exercises, coupled with technological advancements in the industry such as the use of lightweight fabric, incorporation of GPS systems, drogue chutes, and recovery parachutes are anticipated to further fuel the market size.

Conversely, factors such as stringent rules and regulations, as well as safety concerns regarding skydiving do and will continue to hinder the market growth. Numerous reports of the failure of T-11 and he unfortunate deaths of skydivers further impact the parachute industry negatively.

Market Segmentation

The global parachutemarketis fragmented on the basis of application and parachute type.

Application
> Military
> Cargo
> Sports
> Rescue
> Recovery
> Break Chutes
Parachute Type
> Round Parachute
> Ram-Air Parachute
> Square Parachute
> Drogue Parachute
Geographical Analysis

The North America and European regions currently dominate the global parachute industry due to growing awareness, availability of resources to engage in sports activities, and increasing number of investments of the US Department of Defense (DoD) in the development and procurement of new-generation parachutes. However, the emerging countries of Asia Pacific such as Japan, China, and India are expected to show the highest growth in the forecast period due to increase in the defense expenditures of these countries and rise in maritime patrol services in the Indian Ocean and South China Sea.

Key players

The market for parachute is concentrated largely among prominent international players likeAirborne Systems (U.S.), Mills Manufacturing (U.S.), Butler Parachute Systems (U.S.), Spekon (Germany), FXC Corporation (U.S.), and CIMSA Ingenieria de (Spain). Other prominent companies in the market include Aerodyne Research, Ballenger International, NZ Aerosports, Parachutes Australia, and Sistemas. The competition is stiff, with manufacturers constantly competing for innovation in terms of technology and brand recognization.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

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