Nov 17, 2022   SOURCE: BusinessWire

Global Parachute (Military, Commercial, Cargo, Sport) Markets, Analysis, Competition, Forecasts and Opportunities, 2017-2021 & 2022-2027 - ResearchAndMarkets.com

The "Global Parachute Market, By Type, By Fabric Material, By Application, By Region, Competition Forecast and Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The global parachute market is expected to witness a steady growth during the forecast period, 2023-2027.

Factors such as the growing popularity of aerial sports around the globe and the high demand from the defense sector are driving the growth of the global parachute market. Many countries have one or several paratrooper units in their defense units.

The United Kingdom, France, Iran, Poland, Germany, the United States, and Australia are some countries that participate in military parachuting drill activities. Market players are focusing on research and development activities to advance parachute fabrics and tools to make them more reliable for emergencies and launch lightweight parachutes, which is expected to influence the market growth positively.

Round parachutes are expected to account for a significant share in the forecast period, 2023-2027. They are a kind of drag device, which find application in military, emergency, and cargo applications. Round parachutes have large dome-shaped canopies and are made up of a single layer of triangular cloth gores.

Objective of the Study:

  • To analyze the historical growth of the market size of global parachute market from 2017 to 2021.
  • To estimate and forecast the market size of global parachute market from 2023 to 2027 and growth rate until 2027.
  • To classify and forecast global parachute market based on type, fabric material, application, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the global parachute market.
  • To identify drivers and challenges for global parachute market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global parachute market.
  • To identify and analyze the profile of leading players operating in global parachute market.
  • To identify key sustainable strategies adopted by market players in global parachute market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global parachute market.

  • Zodiac Aerospace
  • Mills Manufacturing Corporation
  • Aerodyne Research LLC
  • BAE Systems PLC
  • Spekon GmbH
  • Airborne Systems
  • CIMSA Ingenieria De Sistemas SA
  • FXC Corporation
  • Ballenger International LLC
  • Parachute Systems
  • Rostec State Corp.
  • Sachsische Spezialkonfektion GmbH
  • Safran SA
  • TransDigm Group Inc.
  • NH Global Sdn Bhd

Report Scope:

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022
  • Forecast Period: 2023-2027

Parachute Market, By Type:

  • Round Parachute
  • Cruciform Parachute
  • Rogallo-Wing Parachutes
  • Annular Parachutes
  • Ram-air Parachute
  • Others

Parachute Market, By Fabric Material:

  • Nylon
  • Silk
  • Kevlar
  • Others

Parachute Market, By Application:

  • Military
  • Commercial
  • Cargo
  • Sports
  • Others

Parachute Market, By Region:

  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Vietnam
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Nigeria
  • Egypt
  • Turkey
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Chile

For more information about this report visit https://www.researchandmarkets.com/r/1x3rfy