PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1625239
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1625239
Military Parachute Market Forecasts to 2030 - Global Analysis By Type (Round Parachutes, Ram-Air Parachutes, Cruciform Parachutes and Other Types), Component (Canopy, Cords, Harnesses and Other Components), Fabric Material, Application and By Geography
According to Stratistics MRC, the Global Military Parachute Market is accounted for $0.90 billion in 2024 and is expected to reach $1.31 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A military parachute is a specialized device used by the military to facilitate a safe and controlled descent from an aircraft. Designed for a variety of missions such as air assault, reconnaissance, emergency evacuation, etc. It has a slow descent cover and a strap to protect the jump. The interior is made of durable fabric, lightweight and advanced features such as rapid release mechanisms and military parachutes, fixed-line systems, and reserve chutes are well-equipped, which ensures reliability and safety in high-risk operations.
According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached a historic high of $2443 billion in 2023, marking a 6.8 per cent increase in real terms from 2022.
Market Dynamics:
Driver:
Increasing defense budgets
The rise in defense budgets globally is a significant driver for the military parachute market. Governments are prioritizing military modernization programs, which include investments in advanced parachute systems for personnel and cargo deployment. This trend is fueled by escalating territorial conflicts and the need for rapid troop mobility, ensuring steady demand for high-performance parachutes during the forecast period.
Restraint:
Maintenance challenges
Maintenance challenges act as a restraint in the military parachute market. Parachutes require rigorous inspections, repairs, and replacements to ensure operational safety and effectiveness. This process can be time-consuming and costly, particularly for older systems. Additionally, a lack of skilled personnel for maintenance further complicates the issue, limiting market growth potential.
Opportunity:
Integration of smart technology
The integration of smart technologies into parachute systems offers significant growth opportunities. Innovations such as GPS-guided systems, lightweight materials, and IoT-enabled monitoring enhance safety, precision, and efficiency in military operations. These advancements cater to the growing demand for mission-specific solutions, driving adoption among defense forces worldwide.
Threat:
High initial costs
High initial costs pose a threat to market expansion. Developing advanced parachute systems involves significant R&D investments and complex manufacturing processes. Additionally, stringent regulatory compliance adds to production costs. These factors may deter smaller defense budgets from adopting cutting-edge parachute technologies, impacting overall market growth.
Covid-19 Impact:
The COVID-19 pandemic disrupted the global supply chain for military equipment, causing delays in the procurement and delivery of parachutes. However, demand remained relatively stable due to their essential role in military operations. The crisis emphasized the importance of robust logistics and supply chain management to ensure timely availability of critical equipment during emergencies.
The canopy segment is expected to be the largest during the forecast period
The canopy segment is expected to account for the largest market share during the forecast period due to its critical role in parachute functionality. Canopies are made from high-strength materials like ripstop nylon, ensuring durability and performance in diverse conditions. Their widespread use across personnel and cargo applications drives consistent demand, solidifying their dominance in the market.
The ram-air parachutes segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the ram-air parachutes segment is expected to witness the highest CAGR due to their superior maneuverability and control. These parachutes are increasingly adopted in military operations for precision landings and tactical flexibility. Their ability to glide and produce lift makes them ideal for special missions, contributing to their rapid growth.
Region with largest share:
The North America region is anticipated to account for the largest market share in the military parachute market during the forecast period. This is due to significant defense spending, particularly in the United States. The region's advanced military infrastructure and investment in cutting-edge technologies, including precision parachute systems, drive growth. Additionally, the region's strong focus on improving military capabilities and rapid personnel deployment in various defense operations boosts the demand for military parachutes.
Region with highest CAGR:
The Asia Pacific region is anticipated to witness the highest CAGR in the military parachute market during the forecast period. This is due to increasing defense investments and growing military modernization programs. The rising disposable income and the popularity of aerial sports, such as skydiving, are further driving market demand. Additionally, the region's strategic location and emerging economies are prompting greater military cooperation, driving the need for advanced parachute systems for personnel and cargo operations.
Key players in the market
Some of the key players in Military Parachute Market include Safran, RTX Corporation, Aerodyne Research LLC, Mills Manufacturing, Parachute Systems, Butler Parachute Systems, Zodiac Aerospace, Airborne Systems, FXC Corporation, Atair Aerospace, SPEKON Company, CIMSA Ingenieria de Sistemas S.A., Cirrus Aircraft, NH Global SDN BHD, BAE Systems, Ballenger International, Magam Safety Ltd. and Vital Parachute Inc.
Key Developments:
In October 2024, The U.S. Army has awarded BAE Systems a five-year indefinite delivery, indefinite quantity contract with a ceiling value of $460 million for the AN/ARC-231/A Multi-mode Aviation Radio Set (MARS). This award consists of hardware components, repair services, engineering and logistic support, and development for rotary-wing aircraft. The MARS system is designed to perform in the most demanding environments to provide warfighters with secure mission-critical information when they need it most.
In May 2023, Collins Aerospace, a Raytheon Technologies business introduced its OXYJUMP(TM) NG oxygen supply system for use in high altitude jumps by parachutists. The OXYJUMP NG system's breakthrough technology enhances mission capabilities with a longer gliding distance, improves jumper safety, is easy to use and contains significant size and weight advantages over legacy systems.
Types Covered:
- Round Parachutes
- Ram-Air Parachutes
- Cruciform Parachutes
- Other Types
Components Covered:
- Canopy
- Cords
- Harnesses
- Risers
- Other Components
Fabric Materials Covered:
- Nylon
- Kevlar
- Other Materials
Applications Covered:
- Troop Deployment
- Cargo Deployment
- Rescue and Evacuation
- Training
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Military Parachute Market, By Type
- 5.1 Introduction
- 5.2 Round Parachutes
- 5.3 Ram-Air Parachutes
- 5.4 Cruciform Parachutes
- 5.5 Other Types
6 Global Military Parachute Market, By Component
- 6.1 Introduction
- 6.2 Canopy
- 6.3 Cords
- 6.4 Harnesses
- 6.5 Risers
- 6.6 Other Components
7 Global Military Parachute Market, By Fabric Material
- 7.1 Introduction
- 7.2 Nylon
- 7.3 Kevlar
- 7.4 Other Materials
8 Global Military Parachute Market, By Application
- 8.1 Introduction
- 8.2 Troop Deployment
- 8.3 Cargo Deployment
- 8.4 Rescue and Evacuation
- 8.5 Training
- 8.6 Other Applications
9 Global Military Parachute Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Safran
- 11.2 RTX Corporation
- 11.3 Aerodyne Research LLC
- 11.4 Mills Manufacturing
- 11.5 Parachute Systems
- 11.6 Butler Parachute Systems
- 11.7 Zodiac Aerospace
- 11.8 Airborne Systems
- 11.9 FXC Corporation
- 11.10 Atair Aerospace
- 11.11 SPEKON Company
- 11.12 CIMSA Ingenieria de Sistemas S.A.
- 11.13 Cirrus Aircraft
- 11.14 NH Global SDN BHD
- 11.15 BAE Systems
- 11.16 Ballenger International
- 11.17 Magam Safety Ltd.
- 11.18 Vital Parachute Inc.
List of Tables
- Table 1 Global Military Parachute Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 3 Global Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 4 Global Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 5 Global Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 6 Global Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 7 Global Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 8 Global Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 9 Global Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 10 Global Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 11 Global Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 12 Global Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 13 Global Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 14 Global Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 15 Global Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 16 Global Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 17 Global Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 18 Global Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 19 Global Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 20 Global Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 21 Global Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 22 Global Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 23 North America Military Parachute Market Outlook, By Country (2022-2030) ($MN)
- Table 24 North America Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 25 North America Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 26 North America Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 27 North America Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 28 North America Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 29 North America Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 30 North America Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 31 North America Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 32 North America Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 33 North America Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 34 North America Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 35 North America Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 36 North America Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 37 North America Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 38 North America Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 39 North America Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 40 North America Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 41 North America Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 42 North America Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 43 North America Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 44 North America Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 45 Europe Military Parachute Market Outlook, By Country (2022-2030) ($MN)
- Table 46 Europe Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 47 Europe Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 48 Europe Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 49 Europe Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 50 Europe Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 51 Europe Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 52 Europe Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 53 Europe Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 54 Europe Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 55 Europe Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 56 Europe Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 57 Europe Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 58 Europe Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 59 Europe Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 60 Europe Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 61 Europe Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 62 Europe Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 63 Europe Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 64 Europe Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 65 Europe Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 66 Europe Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 67 Asia Pacific Military Parachute Market Outlook, By Country (2022-2030) ($MN)
- Table 68 Asia Pacific Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 69 Asia Pacific Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 70 Asia Pacific Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 71 Asia Pacific Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 72 Asia Pacific Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 73 Asia Pacific Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 74 Asia Pacific Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 75 Asia Pacific Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 76 Asia Pacific Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 77 Asia Pacific Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 78 Asia Pacific Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 79 Asia Pacific Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 80 Asia Pacific Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 81 Asia Pacific Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 82 Asia Pacific Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 83 Asia Pacific Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 84 Asia Pacific Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 85 Asia Pacific Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 86 Asia Pacific Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 87 Asia Pacific Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 88 Asia Pacific Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 89 South America Military Parachute Market Outlook, By Country (2022-2030) ($MN)
- Table 90 South America Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 91 South America Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 92 South America Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 93 South America Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 94 South America Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 95 South America Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 96 South America Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 97 South America Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 98 South America Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 99 South America Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 100 South America Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 101 South America Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 102 South America Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 103 South America Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 104 South America Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 105 South America Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 106 South America Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 107 South America Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 108 South America Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 109 South America Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 110 South America Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 111 Middle East & Africa Military Parachute Market Outlook, By Country (2022-2030) ($MN)
- Table 112 Middle East & Africa Military Parachute Market Outlook, By Type (2022-2030) ($MN)
- Table 113 Middle East & Africa Military Parachute Market Outlook, By Round Parachutes (2022-2030) ($MN)
- Table 114 Middle East & Africa Military Parachute Market Outlook, By Ram-Air Parachutes (2022-2030) ($MN)
- Table 115 Middle East & Africa Military Parachute Market Outlook, By Cruciform Parachutes (2022-2030) ($MN)
- Table 116 Middle East & Africa Military Parachute Market Outlook, By Other Types (2022-2030) ($MN)
- Table 117 Middle East & Africa Military Parachute Market Outlook, By Component (2022-2030) ($MN)
- Table 118 Middle East & Africa Military Parachute Market Outlook, By Canopy (2022-2030) ($MN)
- Table 119 Middle East & Africa Military Parachute Market Outlook, By Cords (2022-2030) ($MN)
- Table 120 Middle East & Africa Military Parachute Market Outlook, By Harnesses (2022-2030) ($MN)
- Table 121 Middle East & Africa Military Parachute Market Outlook, By Risers (2022-2030) ($MN)
- Table 122 Middle East & Africa Military Parachute Market Outlook, By Other Components (2022-2030) ($MN)
- Table 123 Middle East & Africa Military Parachute Market Outlook, By Fabric Material (2022-2030) ($MN)
- Table 124 Middle East & Africa Military Parachute Market Outlook, By Nylon (2022-2030) ($MN)
- Table 125 Middle East & Africa Military Parachute Market Outlook, By Kevlar (2022-2030) ($MN)
- Table 126 Middle East & Africa Military Parachute Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 127 Middle East & Africa Military Parachute Market Outlook, By Application (2022-2030) ($MN)
- Table 128 Middle East & Africa Military Parachute Market Outlook, By Troop Deployment (2022-2030) ($MN)
- Table 129 Middle East & Africa Military Parachute Market Outlook, By Cargo Deployment (2022-2030) ($MN)
- Table 130 Middle East & Africa Military Parachute Market Outlook, By Rescue and Evacuation (2022-2030) ($MN)
- Table 131 Middle East & Africa Military Parachute Market Outlook, By Training (2022-2030) ($MN)
- Table 132 Middle East & Africa Military Parachute Market Outlook, By Other Applications (2022-2030) ($MN)
