Military Parachute Global Market Report 2024

Description

“Military Parachute Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on military parachute market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for military parachute? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The military parachute market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Round Type Parachute; Cruciform Parachute; Ribbon And Ring Or Annular Parachute; Ram Air Parachute
2) By Components: Canopy; Cords; Tapes Or Webbings; Metal
3) By Application: Personnel Parachutes; Cargo Parachutes
Companies Mentioned: Airborne Systems Inc.; Butler Parachute Systems Group; CIMSA Ingenieria de Sistemas S.A.; FXC Corporation; Mills Manufacturing Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A military parachute is a parachute designed for individual, group, and mass jumps from military aircraft and helicopters, including combat and training jumps. In these jumps, individuals exit the aircraft, often holding onto a "static line" attached to the aircraft, and wait for the parachute canopy to open automatically.

The main types of military parachutes include round-type parachutes, cruciform parachutes, ribbons, ring or annular parachutes, and ram air parachutes. Round-type parachutes are circular and find applications in military, emergency, and freight scenarios. They consist of components such as the canopy, cords, tapes or webbings, and metal elements. These parachutes are utilized in various applications, including personnel parachutes and cargo parachutes.

The military parachute market research report is one of a series of new reports from The Business Research Company that provides military parachute market statistics, including military parachute industry global market size, regional shares, competitors with a military parachute market share, detailed military parachute market segments, market trends, and opportunities, and any further data you may need to thrive in the military parachute industry. This military parachute market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The military parachute market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed in the historical period can be attributed to advancements in materials science, improvements in safety and reliability, the development of mission-specific parachutes, evolving military operations and tactical requirements, and research and development initiatives.

The military parachute market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to the adoption of advanced deployment systems, the integration of advanced aerodynamics, a focus on enhanced safety standards, the development of mission-specific parachute configurations, and a shift towards sustainable and eco-friendly solutions. Major trends expected in the forecast period include increased collaboration and research and development investments, a heightened focus on sustainability and environmental considerations, the integration of Internet of Things (IoT) and smart technologies, the development of specialized mission-specific parachutes, and greater adaptability to mission requirements.

The anticipated increase in military expenditure is set to drive the growth of the military parachute market in the foreseeable future. Military expenditure encompasses funding allocated for weapons, operations, personnel, maintenance, and specific military equipment, contributing to the development of various military components, including military parachutes. A notable example is the European Defense Agency's report in December 2022, indicating that member states are allocating a record amount of $53.4 billion USD (€52 billion) for defense equipment purchases, reflecting a 16% increase compared to 2020. Overall, European defense spending reached a new high of $228.6 billion USD (€214 billion), marking a 6% increase from 2020. This consistent upward trend in military expenditure is a driving force behind the growth of the military parachute market.

The increasing frequency of terrorist attacks is expected to boost the military parachute market in the coming years. As terrorist activities intensify, characterized by violent acts aimed at causing harm, fear, or disruption, military parachutes play a crucial role in counter-terrorism activities. These parachutes facilitate strategic airborne insertions, enabling the rapid and precise deployment of special forces in critical operations. Notably, the Global Terrorism Index for 2022, reported in March 2023, highlights a rise in deaths per terrorist attack, averaging 1.7 fatalities compared to 1.3 deaths in 2021. The total deaths attributed to terrorist activities in 2022 reached 6,701. Consequently, the escalating threat of terrorist attacks is expected to drive the military parachute market.

Advancements in parachute technology emerge as a prominent trend in the military parachute market, with major companies incorporating new technologies to maintain their market positions. For instance, in August 2021, Technodinamika Group, a Russia-based technology company, introduced the Gorizontal-4000 cargo parachute system technology designed for airdropping the Taifun-VDV 4x4 armored vehicle. This innovative system simplifies setup and separates after landing, enabling soldiers to swiftly exit the drop zone and evade potential dangers.

Major companies operating in the military parachute market focus on developing cutting-edge products to gain a competitive advantage and expand their customer base. One such innovative product is the invisible high-altitude ram-air parachute, designed for special forces, allowing jumps at altitudes up to 30,000 feet. In December 2021, Technodinamika, a Russia-based technology company, unveiled this advanced parachute system, tailored for special forces and equipped with features such as a dedicated helmet, oxygen mask, and an excellent gliding coefficient for precise landings. The parachute system's unique capabilities enable Special Forces operators, under optimal wind conditions, to land as far as 60 km away from the drop point when jumping at maximum altitude.

In April 2022, Aviation Safety Resources, a US-based aerospace company, completed the acquisition of Pioneer Aerospace Corporation for an undisclosed amount. This strategic move positions ASR-Pioneer to meet the demands of advanced air mobility and other expanding markets in terms of manufacturing capacity. Pioneer Aerospace Corporation, a US-based aerodynamic deceleration manufacturer, specializes in the development of advanced military free-fall parachute systems.

Major companies operating in the military parachute market report are Airborne Systems Inc., Butler Parachute Systems Group, CIMSA Ingenieria de Sistemas S.A., FXC Corporation, Mills Manufacturing Corporation, SPEKON Company, Magam Safety Ltd., VITAL Parachute Inc., Aerodyne Research LLC, Atair Aerospace Inc., Avic Hongguang Airborne Equipment Co. Ltd., BAE Systems Plc., Ballenger International LLC, Cirrus Design Corporation, Global SDN BHD, Safran SA, Zodiac Aerospace SAS, Complete Parachute Solutions Inc., Fujikura Parachute Co Ltd., Raytheon Technologies Corporation, Parachute Systems, Transdigm Group Inc., Precision Aerodynamics Inc., NZ Aerosports Ltd., Bourdon Forge Company Inc., Aerial Delivery Solutions LLC, NH Global Sdn. Bhd., Tactical Parachute Delivery Systems, Plus Max Duty Free., Ozone Paragliders LTD.,

North America was the largest region in the military parachute market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global military parachute market report during the forecast period. The regions covered in the military parachute market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the military parachute market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The military parachute market consists of sales of parachutes for airborne troops, cargo, extraction, and deceleration. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11928

1. Executive Summary

2. Military Parachute Market Characteristics

3. Military Parachute Market Trends And Strategies

4. Military Parachute Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Military Parachute Market Size and Growth

5.1. Global Military Parachute Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Military Parachute Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Military Parachute Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Military Parachute Market Segmentation

6.1. Global Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Round Type Parachute
Cruciform Parachute
Ribbon And Ring Or Annular Parachute
Ram Air Parachute
6.2. Global Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Canopy
Cords
Tapes Or Webbings
Metal
6.3. Global Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Personnel Parachutes
Cargo Parachutes

7. Military Parachute Market Regional And Country Analysis

7.1. Global Military Parachute Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Military Parachute Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Military Parachute Market

8.1. Asia-Pacific Military Parachute Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Military Parachute Market

9.1. China Military Parachute Market Overview
9.2. China Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Military Parachute Market

10.1. India Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Military Parachute Market

11.1. Japan Military Parachute Market Overview
11.2. Japan Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Military Parachute Market

12.1. Australia Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Military Parachute Market

13.1. Indonesia Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Military Parachute Market

14.1. South Korea Military Parachute Market Overview
14.2. South Korea Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Military Parachute Market

15.1. Western Europe Military Parachute Market Overview
15.2. Western Europe Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Military Parachute Market

16.1. UK Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Military Parachute Market

17.1. Germany Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Military Parachute Market

18.1. France Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Military Parachute Market

19.1. Italy Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Military Parachute Market

20.1. Spain Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Military Parachute Market

21.1. Eastern Europe Military Parachute Market Overview
21.2. Eastern Europe Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Military Parachute Market

22.1. Russia Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Military Parachute Market

23.1. North America Military Parachute Market Overview
23.2. North America Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Military Parachute Market

24.1. USA Military Parachute Market Overview
24.2. USA Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Military Parachute Market

25.1. Canada Military Parachute Market Overview
25.2. Canada Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Military Parachute Market

26.1. South America Military Parachute Market Overview
26.2. South America Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Military Parachute Market

27.1. Brazil Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Military Parachute Market

28.1. Middle East Military Parachute Market Overview
28.2. Middle East Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Military Parachute Market

29.1. Africa Military Parachute Market Overview
29.2. Africa Military Parachute Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Military Parachute Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Military Parachute Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Military Parachute Market Competitive Landscape And Company Profiles

30.1. Military Parachute Market Competitive Landscape
30.2. Military Parachute Market Company Profiles
- 30.2.1. Airborne Systems Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Butler Parachute Systems Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. CIMSA Ingenieria de Sistemas S.A.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. FXC Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Mills Manufacturing Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Military Parachute Market Competitive Benchmarking

32. Global Military Parachute Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Military Parachute Market

34. Military Parachute Market Future Outlook and Potential Analysis

34.1 Military Parachute Market In 2028 - Countries Offering Most New Opportunities
34.2 Military Parachute Market In 2028 - Segments Offering Most New Opportunities
34.3 Military Parachute Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer