A Greater Town : US : IL : Cook : Northbrook : Community & Government : Military & Defense — Military & Veterans Organizations

Military Parachute Market worth 1.21 Billion USD by 2020

Military & Veterans Organizations

Updated on Nov 22, 2019

Edit post | View more like this | Visit Northbrook, IL | Contact razia qazi
The report "Military Parachute Market by Application (Military, Cargo, Sports, Rescue, Recovery, Break Chutes), Type (Round, Ram-air, Square, Ring & Ribbon), Component (Canopy, Cords, Tapes, Webbings, Metal), Region (North America, Europe, Asia-Pacific, The Middle East, Latin America, Africa) - Global Forecasts to 2020", The global military parachute market size is estimated to reach USD 1.21 Billionby 2020, at a CAGR of 5.92% from 2015 to 2020.



This growth is attributed to the bulk demand for parachutes being propelled by its deployment for military activities, with defense sector being the largest consumer. The growth in demand for parachutes will further be aided by the increase in rate of conflicts globally, the increase in the use of UAVs for ISR activities, and the increase in use of parachutes for recreation.



The key applications considered for the market study are military, cargo, sports, rescue, recovery, and break chutes, wherein the overall military parachute market is dominated by the military segment. However, the sports segment is projected to grow at a comparatively higher CAGR during the forecast period of 2015 to 2020, primarily driven by the growth of aero sports. This trend is mainly being witnessed in the North American and European region.



Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250386681



The North American region dominates the global military parachute market; increasing demand for cargo and personal parachutes for air delivery systems are the major drivers for the military parachute market across North America. The U.S. defense force is one of the largest in the world and there has been a continuous increase in the defense spending by the U.S. government. The market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The key factors that will drive the growth of APAC military parachute market are the rise in maritime patrol services in the Indian Ocean and South China Sea and the increase in defense expenditures of India and China. The exports of small parachute in China grew by 284% in 2012 compared to 2009 as stated by NISAT. Huge domestic production base and consumption pattern of small parachutes is witnessing a strong growth in the APAC market.





The major players in this market are Airborne Systems (U.S.), Mills Manufacturing (U.S.), Butler Parachute Systems (U.S.), Spekon (Germany), FXC Corporation (U.S.), and CIMSA Ingenieria (Spain), among others.



The report segments and analyzes the military parachute market on the basis of parachute applications (military, cargo, sports, rescue, recovery, break chutes), by components (canopy, cords, tapes, webbings, metal), and type (round, ram-air, square, ring & ribbon), and maps these segments and sub-segments across six major regions, namely, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.



About MarketsandMarkets



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.







Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

[email protected]
goodideazs, LLC is not affiliated with the authors of this post nor is it responsible for its content, the accuracy and authenticity of which should be independently verified.

About | Advertise | Terms | Privacy | Contact A Greater Town

Top Business Listings | Banner Art Gallery | Blog | Seo Site Crawler

Copyright © 2007-2019 goodideazs, LLC. All rights reserved.