UAV Parachute Recovery Systems Market 2019: Detailed Overview of Present and Future Industry Trends till 2026 with Major Key Manufacturer Such AS Indemnis, Fruity Chutes, Butler Parachute Systems

UAV Parachute Recovery Systems Market

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The global market for UAV parachute recovery systems was valued at USD 96.73 million in 2019 and is expected to grow at a CAGR of 6.8% in the forecast period 2019-2026.

UAV-based technologies are witnessing significant growth not only in the military but in other commercial sectors such as retail, delivery and transport, construction, and agriculture, among others. For instance, in January 2019, the e-commerce giant Amazon unveiled its new drone as a part of its ‘Prime Air Programme’ initiative. This drone is designed with an aim to scale the company’s delivery network efficiently. However, for technologies such as drones to become valuable and integrated contributors to any industry vertical, a significant amount of time and investment is required in R&D.
Drones have effectively disrupted operating models and businesses in key sectors such as urban development, traffic management, forest and wildlife, and healthcare, among others.

The technology is at its nascent stage and cost around USD 2,000–USD 3,000 (consumer and commercial); thus, it demands cautiousness to avoid untimely crashes and malfunctions during operation. UAV parachute recovery systems ensure smooth functioning, especially during the landing process.

The use of drones in the military was traditionally limited to policing and surveillance. According to a study conducted by Goldman Sachs, the military segment holds an approx. 70% share in the overall drone market, followed by commercial and consumer or recreational applications. Military drones are available in various sizes and classified as class I, class II, and class III (based on weight); the selection of the size varies with the mission or project. Differentiation in sizes results in several environmental concerns such as accidents, operational disturbances in taking off or landing, and mid-flight disturbances. The deployment of emergency recovery systems such as parachutes is helpful in such scenarios.

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The Major Prominent Players Covered in this Report:
Indemnis, Fruity Chutes, Butler Parachute Systems, Inc., ParaZero Drone Safety Systems Ltd., Galaxy GRS, Drone Rescue Systems GmbH, Skycat, and Mars Parachutes.

By Application, Commercial, Military By UAV, Fixed Wing, Rotary Wing By Application, Preventive Medicine, Molecular Medicine, Genomics, Drug Development, Proteomics, Others

China to Spearhead Growth of UAV Parachute Recovery Systems Market in Asia-Pacific:
On account of a sharp increase in the applications of drones internationally, developing countries such as China, Japan, Australia, South Korea, and India are incorporating drone technology in their industrial verticals. For instance, China is moving towards UAV systems to deal with several domestic problems. Some of the cases where drone technology is being applied in China are:

In 2013, China used drones designed by the Chinese Academy of Sciences Institute of Remote Sensing Applications to image earthquake-stricken areas in Lushan

The Ministry of Environmental Protection uses drones to monitor industrial polluters in Hebei, Shanxi, and Beijing

SF Express, one of the major delivery service provider company, is experimenting with drones for package delivery, with the permission of the Professional Regulation Commission (PRC) government

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key UAV Parachute Recovery Systems Market Trends:
- The report identifies, determines, and forecasts the Global UAV Parachute Recovery Systems Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the UAV Parachute Recovery Systems Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global UAV Parachute Recovery Systems Market.

Recent Developments:
In February 2019, ParaZero Limited announced to comply with Slovenia’s UAS regulations with its SafeAir system fitted to the DJI Phantom 4 drone

In December 2018, Drone Rescue Systems GmbH developed an intelligent parachute rescue system with a focus on reliable, autonomous crash detection for DJI’s drone model ‘DJI M600’

In August 2018, Air Force Life Cycle Management Center signed a contract with Butler Parachute Systems Inc. worth USD 41,200,000 for the manufacturing & delivery of commercial-off-the-shelf back-mounted parachutes to be used for the purpose of low-speed bailout

In April 2018, Fruity Chutes Introduced Parachute Launcher of DJI Mavic Pro with following Features:
Lightweight, High-Efficiency Annular Parachute
Automatic Trigger System (ATS) Failsafe Automatically Detects Drone Failure
Independent Power Source
Light System Mounts around the Center of the Mavic

In February 2016, Indemnis completed its ASTM Certification in Rome and New York in Alliance with Northeast UAS Airspace Integration Research (NUAIR) association

Key Questions Answered in The Report:
What will the UAV Parachute Recovery Systems market growth rate?
What are the key factors driving the global UAV Parachute Recovery Systems market?
Who are the key manufacturers in the UAV Parachute Recovery Systems market space?
What are the market opportunities, market risk, and market overview of the UAV Parachute Recovery Systems market?
What are sales, revenue, and price analysis of top manufacturers of the UAV Parachute Recovery Systems market?
Who are the distributors, traders, and dealers of the UAV Parachute Recovery Systems market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the UAV Parachute Recovery Systems Industry?
What are sales, revenue, and price analysis by regions of UAV Parachute Recovery Systems industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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