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Parachute Market worth $1,353.06 million by 2030, growing at a CAGR of 6.73% - Exclusive Report by 360iResearch
Parachute Market | 360iResearch
The Global Parachute Market to grow from USD 857.58 million in 2023 to USD 1,353.06 million by 2030, at a CAGR of 6.73%.
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A parachute is a device that slows the object's motion through an atmosphere by creating drag. Parachutes are typically made of light, strong fabric and slow the descent of people or objects falling through the sky. The primary drivers include the strong demand from military sectors worldwide for personnel, cargo parachutes, and other related equipment. The rising popularity of adventure sports, including skydiving, has also significantly contributed to expansion. Advancements in material technology and design innovation and enhancing the safety and reliability of parachutes are significant drivers. However, high costs associated with the production and maintenance of parachutes, the need for rigorous testing and certification to ensure safety further escalates costs, and the limited lifespan of parachutes are limiting factors. A stringent regulatory environment that controls product standards and operational protocols, changing geopolitical scenarios, defense budgets, and competitive landscape poses challenges. Emerging markets present significant opportunities. Several countries' modernization and upgrading of defense equipment could augment the demand for advanced parachutes.
Market Segmentation & Coverage:
This research report categorizes the Parachute Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Cruciform Parachute, Ram Air Parachute, and Round Parachute. The Ram Air Parachute is projected to witness significant market share during forecast period.
Based on Application, market is studied across Cargo and Military. The Cargo is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Parachute Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Parachute Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Parachute Market, highlighting leading vendors and their innovative profiles. These include Aerodyne Research LLC, BAE Systems PLC, BlackHawk Paramotors USA Inc., Bourdon Forge Company Inc., FXC Corporation, Mills Manufacturing Corporation, MMIST Inc., Nitro Rigging LLC, NZ Aerosports Ltd, Parachute Systems, Precision Aerodynamics, Raytheon Technologies Corporation, Safran SA, Sport Chutes Over Texas Inc., and Transdigm Group Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Parachute Market, by Type
7. Parachute Market, by Application
8. Americas Parachute Market
9. Asia-Pacific Parachute Market
10. Europe, Middle East & Africa Parachute Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Parachute Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Parachute Market?
3. What is the competitive strategic window for opportunities in the Parachute Market?
4. What are the technology trends and regulatory frameworks in the Parachute Market?
5. What is the market share of the leading vendors in the Parachute Market?
6. What modes and strategic moves are considered suitable for entering the Parachute Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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