Military Parachute Market Insights and Growth by 2031
Parachutes are commonly used to decrease the velocity of objects falling on Earth. Large military aircraft often drop cargo and supplies over military bases in remote areas using parachutes. Basically there are different types of parachutes are used by military such as round parachute, ram-air parachute, square parachute etc. Different types of parachute are used for different purposes such as round parachute are used by armed forces to dispatch large airborne units. Similarly, square parachute is used to dispatch small specialized units. In military, parachutes are generally used by paratroopers for combat operations. More advancements in parachute technology is expected to drive the military parachute market during forecast period.
MARKET SCOPE
The "Global Military Parachute Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military parachute market with detailed market segmentation by component type, material, and geography. The report provides key statistics on the market status of the leading military parachute market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as round parachute, ram-air parachute, square or parafoil parachute and ring or ribbon parachute.
- Based on application, the market is segmented into combat and training.
MARKET DYNAMICS
Drivers:
- Growing demand from military owing to rising conflicts around the world and rising military expenditure in developing nation is driving the growth of the military parachute market.
- Furthermore, use of parachutes for unmanned aerial vehicles and advancement in parachute technology are anticipated to create market opportunities for the military parachute market during the forecast period.
Restraints:
- However, the overstock of parachute inventory within defense sector, and government procedures may restrain the growth of the military parachute market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The military parachute market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the military parachute market.
IMPACT OF COVID-19 ON MILITARY PARACHUTE MARKET
Governments have resorted to lockdowns and stopped production units as a result of the COVID-19 outbreak. Although no manufacturing company has been spared, the pandemic's impact has not been consistent. While some suppliers and product manufacturers have seen dramatic decreases in sales and earnings, others have managed to stay afloat, albeit their success has been dependent on the markets they serve and their ability to switch to products that are in high demand at any given time.
The demand for parachutes has remained stable in the defense sector, but it has dropped dramatically in the recreational sector, since many end-users are still dealing with the impacts of the pandemic. This disruption is projected to continue in 2021, with increased demand for civilian-use parachutes in the second half of the projection period. Nonetheless, new and innovative lightweight parachutes are gaining popularity, and the rise of smart fabrics is expected to accelerate the adoption of such parachuting technologies.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The military parachute market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the military parachute market.
IMPACT OF COVID-19 ON MILITARY PARACHUTE MARKET
Governments have resorted to lockdowns and stopped production units as a result of the COVID-19 outbreak. Although no manufacturing company has been spared, the pandemic's impact has not been consistent. While some suppliers and product manufacturers have seen dramatic decreases in sales and earnings, others have managed to stay afloat, albeit their success has been dependent on the markets they serve and their ability to switch to products that are in high demand at any given time.
The demand for parachutes has remained stable in the defense sector, but it has dropped dramatically in the recreational sector, since many end-users are still dealing with the impacts of the pandemic. This disruption is projected to continue in 2021, with increased demand for civilian-use parachutes in the second half of the projection period. Nonetheless, new and innovative lightweight parachutes are gaining popularity, and the rise of smart fabrics is expected to accelerate the adoption of such parachuting technologies.
MARKET PLAYERS
The report covers key developments in the military parachute market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military parachute market are anticipated to lucrative growth opportunities in the future with the rising demand for military parachute in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military parachute market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Airborne Systems
- Butler Parachute Systems
- Cimsa Ingenieria De Sistemas, S.A.
- Complete Parachute Solutions, Inc.
- Fujikura Parachute CO., LTD.
- FXC Corporation
- MAGAM SAFETY Ltd.
- Mills Manufacturing
- Spekon
- VITAL PARACHUTE INC.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Parachute Market - By Type
1.3.2 Military Parachute Market - By Application
1.3.3 Military Parachute Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY PARACHUTE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY PARACHUTE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY PARACHUTE MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY PARACHUTE - GLOBAL MARKET OVERVIEW
6.2. MILITARY PARACHUTE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MILITARY PARACHUTE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ROUND PARACHUTE
7.3.1. Overview
7.3.2. Round Parachute Market Forecast and Analysis
7.4. RAM-AIR PARACHUTE
7.4.1. Overview
7.4.2. Ram-air Parachute Market Forecast and Analysis
7.5. SQUARE OR PARAFOIL PARACHUTE
7.5.1. Overview
7.5.2. Square or Parafoil Parachute Market Forecast and Analysis
7.6. RING OR RIBBON PARACHUTE
7.6.1. Overview
7.6.2. Ring or Ribbon Parachute Market Forecast and Analysis
8. MILITARY PARACHUTE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMBAT
8.3.1. Overview
8.3.2. Combat Market Forecast and Analysis
8.4. TRAINING
8.4.1. Overview
8.4.2. Training Market Forecast and Analysis
9. MILITARY PARACHUTE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Parachute Market Overview
9.1.2 North America Military Parachute Market Forecasts and Analysis
9.1.3 North America Military Parachute Market Forecasts and Analysis - By Type
9.1.4 North America Military Parachute Market Forecasts and Analysis - By Application
9.1.5 North America Military Parachute Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Parachute Market
9.1.5.1.1 United States Military Parachute Market by Type
9.1.5.1.2 United States Military Parachute Market by Application
9.1.5.2 Canada Military Parachute Market
9.1.5.2.1 Canada Military Parachute Market by Type
9.1.5.2.2 Canada Military Parachute Market by Application
9.1.5.3 Mexico Military Parachute Market
9.1.5.3.1 Mexico Military Parachute Market by Type
9.1.5.3.2 Mexico Military Parachute Market by Application
9.2. EUROPE
9.2.1 Europe Military Parachute Market Overview
9.2.2 Europe Military Parachute Market Forecasts and Analysis
9.2.3 Europe Military Parachute Market Forecasts and Analysis - By Type
9.2.4 Europe Military Parachute Market Forecasts and Analysis - By Application
9.2.5 Europe Military Parachute Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Parachute Market
9.2.5.1.1 Germany Military Parachute Market by Type
9.2.5.1.2 Germany Military Parachute Market by Application
9.2.5.2 France Military Parachute Market
9.2.5.2.1 France Military Parachute Market by Type
9.2.5.2.2 France Military Parachute Market by Application
9.2.5.3 Italy Military Parachute Market
9.2.5.3.1 Italy Military Parachute Market by Type
9.2.5.3.2 Italy Military Parachute Market by Application
9.2.5.4 United Kingdom Military Parachute Market
9.2.5.4.1 United Kingdom Military Parachute Market by Type
9.2.5.4.2 United Kingdom Military Parachute Market by Application
9.2.5.5 Russia Military Parachute Market
9.2.5.5.1 Russia Military Parachute Market by Type
9.2.5.5.2 Russia Military Parachute Market by Application
9.2.5.6 Rest of Europe Military Parachute Market
9.2.5.6.1 Rest of Europe Military Parachute Market by Type
9.2.5.6.2 Rest of Europe Military Parachute Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Parachute Market Overview
9.3.2 Asia-Pacific Military Parachute Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Parachute Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Military Parachute Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Military Parachute Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Parachute Market
9.3.5.1.1 Australia Military Parachute Market by Type
9.3.5.1.2 Australia Military Parachute Market by Application
9.3.5.2 China Military Parachute Market
9.3.5.2.1 China Military Parachute Market by Type
9.3.5.2.2 China Military Parachute Market by Application
9.3.5.3 India Military Parachute Market
9.3.5.3.1 India Military Parachute Market by Type
9.3.5.3.2 India Military Parachute Market by Application
9.3.5.4 Japan Military Parachute Market
9.3.5.4.1 Japan Military Parachute Market by Type
9.3.5.4.2 Japan Military Parachute Market by Application
9.3.5.5 South Korea Military Parachute Market
9.3.5.5.1 South Korea Military Parachute Market by Type
9.3.5.5.2 South Korea Military Parachute Market by Application
9.3.5.6 Rest of Asia-Pacific Military Parachute Market
9.3.5.6.1 Rest of Asia-Pacific Military Parachute Market by Type
9.3.5.6.2 Rest of Asia-Pacific Military Parachute Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Parachute Market Overview
9.4.2 Middle East and Africa Military Parachute Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Parachute Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Military Parachute Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Military Parachute Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Parachute Market
9.4.5.1.1 South Africa Military Parachute Market by Type
9.4.5.1.2 South Africa Military Parachute Market by Application
9.4.5.2 Saudi Arabia Military Parachute Market
9.4.5.2.1 Saudi Arabia Military Parachute Market by Type
9.4.5.2.2 Saudi Arabia Military Parachute Market by Application
9.4.5.3 U.A.E Military Parachute Market
9.4.5.3.1 U.A.E Military Parachute Market by Type
9.4.5.3.2 U.A.E Military Parachute Market by Application
9.4.5.4 Rest of Middle East and Africa Military Parachute Market
9.4.5.4.1 Rest of Middle East and Africa Military Parachute Market by Type
9.4.5.4.2 Rest of Middle East and Africa Military Parachute Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Parachute Market Overview
9.5.2 South and Central America Military Parachute Market Forecasts and Analysis
9.5.3 South and Central America Military Parachute Market Forecasts and Analysis - By Type
9.5.4 South and Central America Military Parachute Market Forecasts and Analysis - By Application
9.5.5 South and Central America Military Parachute Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Parachute Market
9.5.5.1.1 Brazil Military Parachute Market by Type
9.5.5.1.2 Brazil Military Parachute Market by Application
9.5.5.2 Rest of South and Central America Military Parachute Market
9.5.5.2.1 Rest of South and Central America Military Parachute Market by Type
9.5.5.2.2 Rest of South and Central America Military Parachute Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY PARACHUTE MARKET, KEY COMPANY PROFILES
11.1. AIRBORNE SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BUTLER PARACHUTE SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CIMSA INGENIERIA DE SISTEMAS, S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COMPLETE PARACHUTE SOLUTIONS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FUJIKURA PARACHUTE CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FXC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MAGAM SAFETY LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MILLS MANUFACTURING
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SPEKON
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VITAL PARACHUTE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Airborne Systems
2.Butler Parachute Systems
3.Cimsa Ingenieria De Sistemas, S.A.
4.Complete Parachute Solutions, Inc.
5.Fujikura Parachute CO., LTD.
6.FXC Corporation
7.MAGAM SAFETY Ltd.
8.Mills Manufacturing
9.Spekon
10.VITAL PARACHUTE INC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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