Global Drogue Parachutes Market Is Likely to Experience a Tremendous Growth by 2028

The global drogue parachutes market is anticipated to grow at a CAGR of 4.6% during the forecast period (2022-2028). Parachutes are generally used by soldiers as supplies for action. There is a different application of parachutes for armed forces that involve jumping out of a plane, waiting for the canopy to open automatically from a "static line" attached to the aircraft, and others. The global drogue parachutes market is growing due to the advancement in different types of parachutes. The most common type of parachute used globally is high-altitude high opening parachuting. This involves expert parachutists deploying their steerable chutes at a high altitude. Parachutes help soldiers to glide long distances to their target and approach those areas of enemy territory that it would be too dangerous to fly a plane over.
The rising demand for para trooping in the global platform is propelling the growth of the market. The increasing demand for Special Forces globally is driving the market. The growing demand for joint para-trooping exercises coupled with increasing air-borne will be anticipated to boost the growth of the market. The rising demand of paragliding as a part of adventure sport and outdoor activity is booming the growth of the market. Additionally, the growing use of military parachutes for troop landing and aerial delivery in an emergency is augmented to propel the growth of the global drogue parachutes market in the forecast period. Furthermore, the special emphasis of the industry to develop and produce more parachutes that are lightweight and have high load carrying capabilities as per the requirement of the military and civil forces is further expected to drive the demand of the global parachute market in the forecast period.
Some major players in the market include Airborne Systems Inc., Atair Aerospacs, Cirrus Aircraft FXC Corp., SPEKON Co., Mills Manufacturing and Zodiac Aerospace, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Material Type
o By End-User

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Airborne Systems Inc., Atair Aerospacs, Cirrus Aircraft FXC Corp., AtairAerospacs, SPEKON Co., Mills Manufacturing and Zodiac Aerospace, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Drogue Parachutes Market Report by Segment

By Material Type
• Composite Material
• Other

By Application
• Military Aircrafts
• Commercial Aircrafts
• Passenger or Civil Aircrafts

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