Global Commercial and Military Parachute Market Is Projected To Reach A Revised Size Of Us$ 2159.1 Million By 2028, Growing At A Cagr Of 7.0% During The Forecast Period 2022-2028

A parachute is a device used to slow the motion of an object through an atmosphere by creating drag (or in the case of ram-air parachutes, aerodynamic lift). Parachutes are usually made out of light, strong fabric, originally silk, now most commonly nylon.

Report Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Commercial and Military Parachute estimated at US$ 1438.7 million in the year 2022, is projected to reach a revised size of US$ 2159.1 million by 2028, growing at a CAGR of 7.0% during the forecast period 2022-2028.

The development of parachutes for space applications will be one of the critical commercial and military parachute market trends. The commercial and military parachute market is witnessing extensive R&D efforts to develop parachutes that can be deployed for space applications. For instance, Airborne Systems Ltd. has been contracted by the National Aeronautics and Space Administration (NASA) to develop a parachute system for integration into the Orion space shuttle. The system consisting of 11 parachutes will ensure the safe return of Orion's future crews. Similarly, SpaceX is testing a parachute recovery system for its Crew Dragon capsule. Such developments of parachutes for space applications are expected to fuel the growth of the commercial and military parachute market during the forthcoming years.

Los Angeles, United States November 2022,- The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global Commercial and Military Parachute market. It sheds light on how the global Commercial and Military Parachute market is expected to grow during the course of the forecast period. With SWOT analysis and Porter's Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global Commercial and Military Parachute market and the different players operating therein. The authors of the report have also provided qualitative and quantitative analyses of several microeconomic and macroeconomic factors impacting the global Commercial and Military Parachute market. In addition, the research study helps to understand the changes in the industry supply chain, manufacturing process and cost, sales scenarios, and dynamics of the global Commercial and Military Parachute market.

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Report Scope

This latest report researches the industry structure, sales, revenue, price and gross margin. Major producers' production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Commercial and Military Parachute manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases.

This report also includes a discussion of the major players across each regional Commercial and Military Parachute market. Further, it explains the major drivers and regional dynamics of the global Commercial and Military Parachute market and current trends within the industry.

Key Companies Covered

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

BAE Systems Plc

Mills Manufacturing Corp.

Rostec State Corp.

Sächsische Spezialkonfektion GmbH

Safran SA

TransDigm Group Inc.

Market Segments

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides sales, revenue and average price forecast data by type and by application segments based on sales, price, and value for the period 2017-2028.

Commercial and Military Parachute Segment by Type

Round

Ram-air

Square and Cruciform

Drogue

Commercial and Military Parachute Segment by Application

Commercial

Military

Key Regions & Countries

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value and sales data of each region and country for the period 2017-2028.

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Commercial and Military Parachute market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Report Includes:

This report presents an overview of global market for Commercial and Military Parachute, sales, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2017 - 2021, estimates for 2022, and projections of CAGR through 2028.

This report researches the key producers of Commercial and Military Parachute, also provides the sales of main regions and countries. Highlights of the upcoming market potential for Commercial and Military Parachute, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Commercial and Military Parachute sales, revenue, market share and industry ranking of main manufacturers, data from 2017 to 2022. Identification of the major stakeholders in the global Commercial and Military Parachute market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2017 to 2028. Evaluation and forecast the market size for Commercial and Military Parachute sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including BAE Systems Plc, Mills Manufacturing Corp., Rostec State Corp., Sächsische Spezialkonfektion GmbH, Safran SA and TransDigm Group Inc., etc.

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