Product Code: GVR-3-68038-919-7
Military And Commercial Parachutes Market Growth & Trends:
The global military and commercial parachutes market size is expected to reach USD 1,338.8 million in 2030 and is projected to grow at a CAGR of 7.6% from 2025 to 2030. The increasing expenditure of governments in the defense sector across the world and the growth of adventurers pursuing skydiving/parachuting as a leisure activity are the major driving forces for the growth of the market. Moreover, advancements in the fabric technology amid smart textiles' evolution and its application in parachute manufacturing is likely to propel the utility of parachutes in military and commercial applications.
The application of parachutes for the deployment of troops and supplies during military action and rescue operations in the wake of natural calamities is likely to boost the market for military chutes in the long run. The growth of commercial chutes in aerial sports like parachuting and skydiving has immense growth potential among the adventure seekers, particularly millennials. As per the U.S. Parachuting Association (USPA) records, in 2018, the association had exceeded 40,000 members for the first time in its history of 72 years, corroborating the trend that people are increasingly pursuing the sport.
The rise in number of aerial sports institutes and skydiving schools across the globe has been instrumental in attracting the parachutists and promoting the growth of the skydiving community. Various international skydiving associations such as U.S. Parachute Association, British Parachute Association, Australia Parachute Federation, and New Zealand Parachute Federation promote the culture of parachuting by setting standard rules and regulations and organizing competitions across the regions.
The occurrence of accidents and reports of deaths during parachuting activities, have raised concerns over the safety of the existing chutes. However, research and development and innovations in textile technology are expected to improve the safety, consequently propelling the military and commercial parachutes market growth during the forecast period.
Military And Commercial Parachutes Market Report Highlights:
- The Ram-air segment is projected to grow at the fastest CAGR during the forecast period, driven by significant advancements in parachute technology
- The troop/personnel segment is expected to grow at the fastest CAGR over the forecast period
- The cargo/extraction segment dominated the market with the largest share in 2024 due to its critical role in logistics and supply chain operations
- The North America military and commercial parachutes market dominated the global market with a revenue share of 36.2% in 2024, driven by significant investments in defense and advanced military technologies.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Military and Commercial Parachutes Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Industry Analysis Tools
- 3.3.1. PORTER's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Military and Commercial Parachutes Market: Type Estimates & Trend Analysis
- 4.1. Military and Commercial Parachutes Market, By Type: Key Takeaways
- 4.2. Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million)
- 4.3.1. Round
- 4.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Cruciform
- 4.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Ram-air
- 4.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Others
- 4.3.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Military and Commercial Parachutes Market: Application Estimates & Trend Analysis
- 5.1. Military and Commercial Parachutes Market, By Application: Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
- 5.3.1. Troop/Personnel
- 5.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. Cargo/Extraction
- 5.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Deceleration
- 5.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. Emergency
- 5.3.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.5. Others
- 5.3.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Military and Commercial Parachutes Market: Regional Estimates & Trend Analysis
- 6.1. Military and Commercial Parachutes Market: Regional Outlook
- 6.2. Regional Marketplaces: Key Takeaways
- 6.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. U.S.
- 6.4.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Canada
- 6.4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Mexico
- 6.4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. UK
- 6.5.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Germany
- 6.5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4. France
- 6.5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. China
- 6.6.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Japan
- 6.6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. India
- 6.6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5. Australia
- 6.6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.6. South Korea
- 6.6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Latin America
- 6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Brazil
- 6.7.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Middle East and Africa
- 6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.2. UAE
- 6.8.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.3. Saudi Arabia
- 6.8.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8.4. South Africa
- 6.8.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Aerodyne
- 7.4.1.1. Company Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Portfolio
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Airborne Systems
- 7.4.2.1. Company Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Portfolio
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. BAE Systems
- 7.4.3.1. Company Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Portfolio
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Butler Parachute Systems
- 7.4.4.1. Company Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Portfolio
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Complete Parachutes Solutions
- 7.4.5.1. Company Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Portfolio
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. FXC Corporation.
- 7.4.6.1. Company Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Portfolio
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Mills Manufacturing
- 7.4.7.1. Company Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Portfolio
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Fujikura Parachute CO., LTD.
- 7.4.8.1. Company Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Portfolio
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. SPEKON
- 7.4.9.1. Company Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Portfolio
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Safran
- 7.4.10.1. Company Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Portfolio
- 7.4.10.4. Recent Developments/ Strategic Initiatives