Global Commercial and Military Parachute Market 2020-2024
Technavio has been monitoring the commercial and military parachute market and it is poised to grow by $ 309.06 mn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on commercial and military parachute market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of advanced aircraft ballistic recovery systems, growth of skydiving tourism and growth of joint defense operations increasing procurement. In addition, development of advanced aircraft ballistic recovery systems is anticipated to boost the growth of the market as well.
The commercial and military parachute market analysis includes type segment and geographical landscapes
Technavio's commercial and military parachute market is segmented as below:
- Ram air
- Square and cruciform
By Geographic Landscapes
- North America
- South America
This study identifies the development of parachutes for space applications as one of the prime reasons driving the commercial and military parachute market growth during the next few years. Also, prospective use of nanotechnology for parachute manufacturing and emergence of detachable cabin concept will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our commercial and military parachute market covers the following areas:
- Commercial and military parachute market sizing
- Commercial and military parachute market forecast
- Commercial and military parachute market industry analysis
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 market vendors that include Aerodyne Research LLC, BAE Systems Plc, Ballenger International LLC, CIMSA Ingenieria de Sistemas SA, FXC Corp., Mills Manufacturing Corp., Rostec State Corp., Sachsische 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.