Military Parachute Market Report: Trends, Forecast and Competitive Analysis to 2030

Military Parachute Trends and Forecast

The future of the global military parachute market looks promising with opportunities in the personnel parachute and cargo parachute markets. The global military parachute market is expected to reach an estimated $2.1 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are escalating concern towards security issues and rising demands for UAV parachutes in military application.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Military Parachute by Segment

The study includes a forecast for the global military parachute by product type, application, and region.

Military Parachute Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Round Type Parachute
• Cruciform Parachute
• Ribbon & Ring/Annular Parachute
• Ram Air Parachute

Military Parachute Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Personnel Parachutes
• Cargo Parachutes

Military Parachute Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Military Parachute Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies military parachute companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military parachute companies profiled in this report include-

• VITAL Parachute
• Ballenger International
• Safran
• BAE System
• SPEKON Company
• Global SDN BHD
• Atair Aerospace
• Airborne Systems
• Zodiac Aerospace
• Cirrus Aircraft

Military Parachute Market Insights

Lucintel forecasts that cruciform parachute is expected to witness the highest growth over the forecast period.

Within this market, cargo parachute is expected to witness higher growth over the forecast period.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Military Parachute Market

Market Size Estimates: Military parachute market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Military parachute market size by product type, application, and region in terms of value ($B).

Regional Analysis: Military parachute market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the military parachute market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the military parachute market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the military parachute market size?

Answer: The global military parachute market is expected to reach an estimated $2.1 billion by 2030.

Q2. What is the growth forecast for military parachute market?

Answer: The global military parachute market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the military parachute market?

Answer: The major drivers for this market are escalating concern towards security issues and rising demands for UAV parachutes in military application.

Q4. What are the major segments for military parachute market?

Answer: The future of the military parachute market looks promising with opportunities in the personnel parachute and cargo parachute markets.

Q5. Who are the key military parachute market companies?

Answer: Some of the key military parachute companies are as follows:

• VITAL Parachute
• Ballenger International
• Safran
• BAE System
• SPEKON Company
• Global SDN BHD
• Atair Aerospace
• Airborne Systems
• Zodiac Aerospace
• Cirrus Aircraft

Q6. Which military parachute market segment will be the largest in future?

Answer: Lucintel forecasts that cruciform parachute is expected to witness the highest growth over the forecast period.

Q7. In military parachute market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the military parachute market by product type (round type parachute, cruciform parachute, ribbon & ring/annular parachute, and ram air parachute), application (personnel parachutes and cargo parachutes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?