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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.


PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
Round - Market size and forecast 2018-2023
Ram air - Market size and forecast 2018-2023
Square and cruciform - Market size and forecast 2018-2023
Drogue - Market size and forecast 2018-2023
Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Development of parachutes for space applications
Prospective use of nanotechnology for parachute manufacturing
Emergence of detachable cabin concept
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
BAE Systems Plc
Mills Manufacturing Corp.
Rostec State Corp.
Sächsische Spezialkonfektion GmbH
Safran SA
TransDigm Group Inc.
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Exhibit 01: Product overview
Exhibit 02: Global aerospace and defense market
Exhibit 03: Segments of global aerospace and defense market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: Round - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Round - Year-over-year growth 2019-2023 (%)
Exhibit 22: Ram air - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Ram air - Year-over-year growth 2019-2023 (%)
Exhibit 24: Square and cruciform - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Square and cruciform - Year-over-year growth 2019-2023 (%)
Exhibit 26: Drogue - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Drogue - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by type
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: South America - Year-over-year growth 2019-2023 (%)
Exhibit 42: Key leading countries
Exhibit 43: Market opportunity
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: BAE Systems Plc - Vendor overview
Exhibit 51: BAE Systems Plc - Business segments
Exhibit 52: BAE Systems Plc - Organizational developments
Exhibit 53: BAE Systems Plc - Geographic focus
Exhibit 54: BAE Systems Plc - Segment focus
Exhibit 55: BAE Systems Plc - Key offerings
Exhibit 56: Mills Manufacturing Corp. - Vendor overview
Exhibit 57: Mills Manufacturing Corp. - Product segments
Exhibit 58: Mills Manufacturing Corp. - Key offerings
Exhibit 59: Rostec State Corp. - Vendor overview
Exhibit 60: Rostec State Corp. - Business segments
Exhibit 61: Rostec State Corp. - Organizational developments
Exhibit 62: Rostec State Corp. - Key offerings
Exhibit 63: Sächsische Spezialkonfektion GmbH - Vendor overview
Exhibit 64: Sächsische Spezialkonfektion GmbH - Business segments
Exhibit 65: Sächsische Spezialkonfektion GmbH - Key offerings
Exhibit 66: Safran SA - Vendor overview
Exhibit 67: Safran SA - Product segments
Exhibit 68: Safran SA - Organizational developments
Exhibit 69: Safran SA - Geographic focus
Exhibit 70: Safran SA - Segment focus
Exhibit 71: Safran SA - Key offerings
Exhibit 72: TransDigm Group Inc. - Vendor overview
Exhibit 73: TransDigm Group Inc. - Business segments
Exhibit 74: TransDigm Group Inc. - Organizational developments
Exhibit 75: TransDigm Group Inc. - Segment focus
Exhibit 76: TransDigm Group Inc. - Key offerings
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Definition of market positioning of vendors

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