|01-15-2019 03:46 PM CET - Business, Economy, Finances, Banking & Insurance||
Military Parachute Market is Anticipated to grow at a CAGR of 7% Till 2023 by Analyzing key player like FXC Corporation, Butler Parachute Systems, Zodiac Aerospace, Airborne Systems, Atair Aerospace
Press release from: Market Research Future
Military Parachute Market: Global Research Information by Type (Round Parachutes, Ram-Air Parachute, Square or Parafoil Parachute, and others), by Component (Canopy, Cords, Tapes, Webbings, and Metal), Application (Combat and Training), & by Region—Forecast till 2023
Distributer & supplier companies
Original equipment manufacturers
The global military parachute market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to 2023.
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Military Parachute Market Key Players:
The key players in the global military parachute market are:
FXC Corporation (US)
Butler Parachute Systems (US)
Zodiac Aerospace (France)
Airborne Systems Inc. (UK)
Atair Aerospace (US)
Cimsa Ingeniería de Sistemas S.A. (Spain)
SPEKON Company (Germany)
Mills Manufacturing (US)
Cirrus Aircraft (China)
Parachute Systems (South Africa)
NH Global SDN BHD (Malaysia).
Military Parachute Market Scenario:
Parachutes are generally used to minimize the speed of the object falling on Earth. Large military planes often drop the cargo and supplies over military bases in remote areas using parachutes. The major drivers for the growth of the global military parachute market are the increase in deployment of parachutes in military operations, and advancements in parachute technology. However, the restraints to the market are the declining defense budgets, overstock of parachute inventory within defense sector, and government procedures.
The global military parachute market has been segmented by type, component, application, and region. Based on type, the market has been divided into round parachutes, ram-air parachute, square or parafoil parachute, and others. In 2017, the round parachutes segment accounted for the larger market share. However, the square or parafoil parachute segment is estimated to be the faster-growing market during the forecast period as these types of parachute has greater steerability and allows greater control of the rate of descent. Due to these advantages the parafoil parachute would be in high demand in the forecast period.
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The global military parachute market has also been studied for four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to account for the largest market share during the review period owing to the presence of major military parachute manufacturers such as FXC Corporation, Butler Parachute Systems, and Mills Manufacturing in the region. Asia-Pacific is estimated to be the fastest-growing regional market during the forecast period due to a rise in the number of spending in the military training activities sector in the region.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.2.3. List Of Assumptions
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
4. Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat Of New Entrants
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of Substitutes
4.1.4. Segment Rivalry
4.1.5. Bargaining Power Of Supplies
4.2. Value Chain/Supply Chain Analysis
5. Market Dynamics
5.2. Market Drivers
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Trends
5.6. Patent Trends
5.7. Regulatory Landscape
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