The report provides an overview of the Parachute Market industry including definitions, division, key vendors, key Development and market challenges. The Parachute Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
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Through the statistical analysis, the report depicts the global Parachute Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
Key Vendors of Parachute Market: – Airborne Systems, Mills Manufacturing, NH Global Sdn Bhd, Aerodyne Research LLC, Safran (Zodiac Aerospace), FXC Corporation, Parachute Systems, Atair Aerospace, NZ Aerosports, Precision Aerodynamics Others…
The parachute market is anticipated to register a CAGR of over 7.5% during the forecast period (2019 – 2024).
– New and advanced lightweight parachutes are gaining popularity in the market. Moreover, with the growth of smart textiles, several researchers are working toward the use of such technology for parachutes.
– Increase in the use of parachutes by military paratroopers and fighter pilots, and for sports activities are expected to drive the market growth.
– Several accidents, due to parachute failure have raised concerns over the existing parachutes. Nevertheless, R&D and product innovations are expected to enhance the safety of parachutes, which can propel the market growth. Additionally, the use of parachutes in UAVs is also expected to support market growth during the forecast period.
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The Parachute Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Parachute Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Round Parachute Accounted for a Major Share in 2018
In 2018, round parachutes held a major share, followed by ram air parachute. Round parachutes are generally used in military, emergency, and cargo applications. Most military round parachutes are conical or parabolic in nature and are designed to be either steerable or non-steerable. However, steerable versions are not as maneuverable as other types, such as ram-air parachutes. The steerable type round parachute has cuts, which allow air to escape from the back of the canopy, providing the parachute with limited forward speed. This gives the parachutist the ability to steer the parachute and to face the wind, to slow down the horizontal velocity for the landing. Variables are likely to impact the manner and speed of the parachute’s descent, as it depends on the force of the wind. However, it is anticipated that cruciform parachutes may register the highest growth in the coming years. The cruciform parachute is designed to decrease the oscillation and violent turns during the descent. The cruciform design is relatively new and is set to be used by the US Army, as it replaces its older T-10 parachutes with T-11 parachutes, under a program called Advanced Tactical Parachute System (ATPS).
Parachute Market in Europe is Expected to Register the Highest CAGR between 2019 and 2024
The United Kingdom witnessed an increase in the usage of parachutes in the commercial sectors. In the United Kingdom, various companies, such as the UK parachuting, are offering various experiences to the consumers, in terms of parasailing and paragliding activities. In addition, the British Parachute Association is engaged in organizing, governing, and offering sports-related recreational activities in the country. Moreover, the company is also engaged in maintaining, as well as promoting the highest standards of safety, in addition to offering training for recreational skydiving in the United Kingdom. The Federation Francaise de Parachutisme is engaged in organizing, governing, and offering sports-related recreational activities in France. Moreover, the federation is also engaged in maintaining, as well as promoting the highest standards of safety and training for skydiving in France. Likewise, the growing tourism in Germany, France, Russia, and Norway, may also contribute to the growing use of parachutes for recreational activities in the future.
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Detailed TOC of Global Parachute Market – Growth, Trends, Forecast and Challenges (2018 – 2023)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Parachute Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Parachute Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Parachute Market Segmentation, By Capacity
7. Global Parachute Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Parachute Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Parachute Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
And Many More….
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Name: Ajay More
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Organization: Absolute Reports
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