PUBLISHER: The Business Research Company | PRODUCT CODE: 1668425
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668425
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$1.42 billion in 2024 to $1.53 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to advancements in materials science, safety and reliability improvements, mission-specific parachutes, military operations and tactical requirements, research and development initiatives
The military parachute market size is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to advanced deployment systems, adoption of advanced aerodynamics, focus on enhanced safety standards, mission-specific parachute configurations, sustainable and eco-friendly solutions. Major trends in the forecast period include collaboration and R&D investments, sustainability and environmental considerations, integration of iot and smart technologies, specialized mission-specific parachutes, adaptability to mission requirements.
Rising military expenditure is anticipated to drive the growth of the military parachute market in the future. Military expenditure refers to the funds allocated for weapons, weapon systems, operations, maintenance, personnel, and other specific military equipment. Increased government spending on the military will support the development of various military aspects, including military parachutes. For example, in April 2024, the Stockholm International Peace Research Institute (SIPRI), an independent international research organization based in Sweden, reported that total global military expenditure reached $2,443 billion in 2023, reflecting a 6.8% increase in real terms compared to 2022. Therefore, the rise in military expenditure is propelling 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 are fueling growth in the military parachute market. Key companies in this sector are embracing innovative solutions to maintain their competitive edge. For example, in December 2023, the Israeli Air Force (IAF) announced the first operational deployment of its new Guided Supply parachute system during combat operations in Gaza. This system is designed for precise airdrop delivery, significantly improving the accuracy of supplies reaching ground forces. According to the Israeli Defense Forces (IDF), the Guided Supply system incorporates advanced navigational capabilities, akin to the U.S.-made Joint Precision Airdrop System (JPADS). It allows for supplies to be dropped from high altitudes and glide up to 25 kilometers toward designated drop zones, keeping aircraft safely beyond enemy reach. The system was utilized to deliver seven tons of water to soldiers in Khan Yunis, a city facing intense conflict. This deployment underscores the logistical challenges the IAF encounters when resupplying troops in urban combat zones where ground transportation options are limited or nonexistent.
Leading companies in the military parachute market are creating innovative products, such as the Advanced Tactical Parachute System, to enhance deployment accuracy, soldier safety, and operational efficiency during combat missions. This next-generation system improves precision, control, and safety for military personnel involved in high-altitude and tactical airborne operations. For instance, in September 2022, Defense Aerospace, a France-based defense and space manufacturing firm, launched the Operational Chute Landing System (SMTCOPS), a newly qualified parachute system designed for High Altitude, Low Opening (HALO) jumps, officially approved by the French Defense Procurement Agency (DGA). The SMTCOPS significantly boosts the operational capabilities of military parachutists, especially in challenging environments. This advanced parachute system enables jumps from altitudes exceeding 9,000 meters (29,500 feet) and covers distances of up to 50 kilometers after deployment. It can accommodate a total gross weight of up to 200 kg, including the paratrooper and their gear, marking a notable improvement over previous systems, which could support only 160 kg from lower altitudes. The system is versatile, supporting various mission profiles, including infiltration missions under canopy (ISV) and low opening jumps (SOB), making it suitable for both operational skydivers and training purposes.
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 include 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., Atair Aerospace Inc., Avic Hongguang Airborne Equipment Co. Ltd., BAE Systems Plc., Ballenger International LLC, 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., Aerial Delivery Solutions LLC, NH Global Sdn. Bhd., Tactical Parachute Delivery Systems, Ozone Paragliders LTD.
North America was the largest region in the military parachute market in 2024. 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.
Military Parachute Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.