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Global Military Parachute Market to reach USD 1.84 billion by the end of 2030.

Global Military Parachute Market Size study & Forecast, by Product Type (Round Type Parachute, Cruciform Parachute, Ribbon and Ring/Annular Parachute, Ram Air Parachute) By Components (Canopy, Cords, Tapes/ Webbings, Metal) By Application (Personnel Parachutes, Cargo, Parachutes) and Regional Analysis, 2023-2030

Product Code: SSAD-20924703
Publish Date: 10-06-2023
Page: 200

Global Military Parachute Market is valued approximately USD 1.16 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2023-2030. A military parachute is a type of parachute designed for usage by military personnel. It is employed for several objectives, including air assault operations, airborne training, and supply and equipment delivery. The Military Parachute market is expanding because of factors such as increasing number of territorial conflicts and rising defense spending. Military parachutes are often built to resist extreme temperatures and hefty loads. They are made of high-strength textiles like nylon or Kevlar and are frequently reinforced with additional stitching and webbing. Its importance has progressively increased during the last few decades.

According to the Council on Foreign Relation, Hundreds of Indian and Chinese forces battled near their disputed border on December 9, 2022. This recent encounter exemplifies the two countries’ ongoing tensions. The conflict not only reflects the growing strain on the China-India bilateral relationship, but the Chinese media portrayal also indicates a crucial miscalculation of the depth of India’s concerns about China and its strategic priorities. Furthermore, in June 2020, the tensions in the South China Sea between China and the United States have risen as both nations step up their military operations in the disputed waters. Another important component driving space is increasing defense spending. According to Statista, in 2021 the United States was the nation with the largest military budget with USD 801 billion allocated to the military. That accounted for 38% of the 2.1 trillion dollars in total military spending across the globe. In addition, North America spent USD 827 billion on its military. In the same year, this amount in East Asia was USD 411 billion. Also, rising investment in parachute manufacturing businesses and increasing number of global terrorisms would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Military Parachute stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Military Parachute Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players in the region. According to the Statista, Defense outlays in the United States amounted to USD 746 billion in 2023. The forecast predicts an increase in defense outlays up to USD 1.1 trillion in 2033. Asia Pacific is expected to grow significantly during the forecast period, owing to the rising territorial conflicts between India and China and increasing defense spending in the market space.

Major market player included in this report are:
Aerodyne Research, LLC,
Airborne systems, Inc.,
Atair Aerospace,
Avic Hongguang Airborne Equipment, BAE System Plc,
Ballenger International,
Butler parachute systems,
CIMSA Ingeniería de Sistemas, S.A.
The Cirrus Design Corporation
FXC Corporation

Recent Developments in the Market:
Ø In July 2022, BAE Systems and VRAI collaborates for the next generation of training for military forces by utilizing the combined capability of virtual reality and artificial intelligence.

Global Military Parachute Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type , Components, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Round Type Parachute
Cruciform Parachute
Ribbon and Ring/Annular Parachute
Ram Air Parachute

By Components
Tapes/ Webbings

By Application
Personnel Parachutes
Cargo Parachutes

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Military Parachute Market, by Region, 2020-2030 (USD Billion)
1.2.2. Military Parachute Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Military Parachute Market, by Components, 2020-2030 (USD Billion)
1.2.4. Military Parachute Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Military Parachute Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Military Parachute Market Dynamics
3.1. Military Parachute Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing number of territorial conflicts Rising defence spending
3.1.2. Market Challenges High Cost of Military Parachute
3.1.3. Market Opportunities Rising investment in parachute manufacturing businesses Increasing number of global terrorisms

Chapter 4. Global Military Parachute Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Military Parachute Market, by Product Type
5.1. Market Snapshot
5.2. Global Military Parachute Market by Product Type, Performance – Potential Analysis
5.3. Global Military Parachute Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Military Parachute Market, Sub Segment Analysis
5.4.1. Round Type Parachute
5.4.2. Cruciform Parachute
5.4.3. Ribbon and Ring/Annular Parachute
5.4.4. Ram Air Parachute
Chapter 6. Global Military Parachute Market, by Components
6.1. Market Snapshot
6.2. Global Military Parachute Market by Components, Performance – Potential Analysis
6.3. Global Military Parachute Market Estimates & Forecasts by Components 2020-2030 (USD Billion)
6.4. Military Parachute Market, Sub Segment Analysis
6.4.1. Canopy
6.4.2. Cords
6.4.3. Tapes/ Webbings
6.4.4. Metal
Chapter 7. Global Military Parachute Market, by Application
7.1. Market Snapshot
7.2. Global Military Parachute Market by Application, Performance – Potential Analysis
7.3. Global Military Parachute Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Military Parachute Market, Sub Segment Analysis
7.4.1. Personnel Parachutes
7.4.2. Cargo Parachutes
Chapter 8. Global Military Parachute Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Military Parachute Market, Regional Market Snapshot
8.4. North America Military Parachute Market
8.4.1. U.S. Military Parachute Market Product Type breakdown estimates & forecasts, 2020-2030 Components breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Military Parachute Market
8.5. Europe Military Parachute Market Snapshot
8.5.1. U.K. Military Parachute Market
8.5.2. Germany Military Parachute Market
8.5.3. France Military Parachute Market
8.5.4. Spain Military Parachute Market
8.5.5. Italy Military Parachute Market
8.5.6. Rest of Europe Military Parachute Market
8.6. Asia-Pacific Military Parachute Market Snapshot
8.6.1. China Military Parachute Market
8.6.2. India Military Parachute Market
8.6.3. Japan Military Parachute Market
8.6.4. Australia Military Parachute Market
8.6.5. South Korea Military Parachute Market
8.6.6. Rest of Asia Pacific Military Parachute Market
8.7. Latin America Military Parachute Market Snapshot
8.7.1. Brazil Military Parachute Market
8.7.2. Mexico Military Parachute Market
8.8. Middle East & Africa Military Parachute Market
8.8.1. Saudi Arabia Military Parachute Market
8.8.2. South Africa Military Parachute Market
8.8.3. Rest of Middle East & Africa Military Parachute Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Aerodyne Research, LLC, Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Airborne systems, Inc.,
9.3.3. Atair Aerospace,
9.3.4. Avic Hongguang Airborne Equipment,
9.3.5. BAE System Plc,
9.3.6. Ballenger International,
9.3.7. Butler parachute systems,
9.3.8. CIMSA Ingeniería de Sistemas, S.A.
9.3.9. The Cirrus Design Corporation,
9.3.10. FXC Corporation

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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