Global Commercial and Military Parachute Market 2019-2023

Global Commercial and Military Parachute Market 2019-2023

Global Commercial and Military Parachute Market 2019-2023: About this market

Technavio’s commercial and military parachute market analysis considers sales from round, ram-air, square and cruciform, and drogue. Our analysis also considers the sales of the parachute in APAC, Europe, MEA, North America, and South America. In 2018, the round parachute segment had a significant share, and this trend is expected to continue over the forecast period. Factors such as the emergence of new product offerings will play a significant role in the round parachute segment to maintain its market position. Also, our global commercial and military parachute market report also looks at factors such as the growth of joint defense operations, increasing procurement, growth of sky-diving tourism, and development of advanced aircraft ballistic recovery systems. However, the uncertainties in the macroeconomic factors altering market dynamics, reliability concerns associated with parachute systems and supply chain complexities may hamper the growth of the commercial and military parachute market over the forecast period.

Global Commercial and Military Parachute Market: Overview

Demand for development of advanced aircraft ballistic recovery systems

An aircraft ballistic recovery system consists of a rocket-deployed parachute that is engaged to decelerate an aircraft while landing on short runways or while encountering issues like engine failure or fuel exhaustion. Thus, with technological advances in the development of parachute textiles with high tensile strength and low shearing failure, it is anticipated that these systems will be equipped in several new aircraft models. This demand for advanced aircraft ballistic recovery system will lead to the expansion of the global commercial and military parachute market at a CAGR of almost 5% during the forecast period.

Rising Focus on development of parachutes for space applications

The scope of application of parachute systems has widened to encompass even in space. NASA is developing a parachute that is capable of being deployed in space. The R&D efforts of the company are directed towards the development of high-performance materials for parachutes and designing a highly reliable system that can withstand the failure of either a drogue or main parachute. These developments are expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global commercial and military parachute market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global commercial and military parachute market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial and military parachute manufacturers, that include BAE Systems Plc, Mills Manufacturing Corp., Rostec State Corp., Sächsische Spezialkonfektion GmbH, Safran SA, and TransDigm Group Inc.

Also, the commercial and military parachute market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global aerospace and defense market
      • Table Segments of global aerospace and defense market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Round - Market size and forecast 2018-2023
      • Table Round - Market size and forecast 2018-2023 ($ millions)
      • Table Round - Year-over-year growth 2019-2023 (%)
    • Ram air - Market size and forecast 2018-2023
      • Table Ram air - Market size and forecast 2018-2023 ($ millions)
      • Table Ram air - Year-over-year growth 2019-2023 (%)
    • Square and cruciform - Market size and forecast 2018-2023
      • Table Square and cruciform - Market size and forecast 2018-2023 ($ millions)
      • Table Square and cruciform - Year-over-year growth 2019-2023 (%)
    • Drogue - Market size and forecast 2018-2023
      • Table Drogue - Market size and forecast 2018-2023 ($ millions)
      • Table Drogue - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Development of parachutes for space applications
    • Prospective use of nanotechnology for parachute manufacturing
    • Emergence of detachable cabin concept
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BAE Systems Plc
      • Table BAE Systems Plc - Vendor overview
      • Table BAE Systems Plc - Business segments
      • Table BAE Systems Plc - Organizational developments
      • Table BAE Systems Plc - Geographic focus
      • Table BAE Systems Plc - Segment focus
      • Table BAE Systems Plc - Key offerings
    • Mills Manufacturing Corp.
      • Table Mills Manufacturing Corp. - Vendor overview
      • Table Mills Manufacturing Corp. - Product segments
      • Table Mills Manufacturing Corp. - Key offerings
    • Rostec State Corp.
      • Table Rostec State Corp. - Vendor overview
      • Table Rostec State Corp. - Business segments
      • Table Rostec State Corp. - Organizational developments
      • Table Rostec State Corp. - Key offerings
    • Sächsische Spezialkonfektion GmbH
      • Table Sächsische Spezialkonfektion GmbH - Vendor overview
      • Table Sächsische Spezialkonfektion GmbH - Business segments
      • Table Sächsische Spezialkonfektion GmbH - Key offerings
    • Safran SA
      • Table Safran SA - Vendor overview
      • Table Safran SA - Product segments
      • Table Safran SA - Organizational developments
      • Table Safran SA - Geographic focus
      • Table Safran SA - Segment focus
      • Table Safran SA - Key offerings
    • TransDigm Group Inc.
      • Table TransDigm Group Inc. - Vendor overview
      • Table TransDigm Group Inc. - Business segments
      • Table TransDigm Group Inc. - Organizational developments
      • Table TransDigm Group Inc. - Segment focus
      • Table TransDigm Group Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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