Parachutes are devices used to reduce aerodynamic motion of an object by creating drag (or lift for ram-air parachutes used in paragliding) to drop payloads including people, equipment, bombs, and relief aids from airborne platforms. Historically, parachutes were made using lightweight silk materials; however, most modern parachutes are made using nylon or synthetic polymers. Parachutes are broadly classified into two categories such as ascending and descending canopies, where former ones are designed to provide ascend movements or lift to the flying paragliders, whereas the descending canopies are used for airdropping any object or people from airborne platforms.
Technavio’s analysts forecast the global commercial and military parachute market to grow at a CAGR of 5.79% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global commercial and military parachute market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of commercial and military parachutes that are of four different types, namely round parachute, ram-air parachute, square parachute, and drogue parachutes.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Commercial and Military Parachute Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Airborne Systems - Mills Manufacturing - BAE Systems - SPEKON - Zodiac Aerospace
Other prominent vendors - Aerodyne Research - Ballenger International - CIMSA Ingeniería de Sistemas - FXC CORPORATION - Parachutes Australia
Market driver - Growing occurrences of joint-paratrooping exercises. - For a full, detailed list, view our report
Market challenge - Stringent regulatory compliance and lawsuit. - For a full, detailed list, view our report
Market trend - Use of nanotechnology in parachute manufacturing. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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