Parachutes Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2020-2027 based on the historical data. This research report delivers recent developments of major players with their respective market share. In addition, it also delivers detailed analysis of regional and country market.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the parachutes market include Airborne Systems Inc., Mills Manufacturing Corporation, Butler Parachute Systems, Inc., Spekon Aircraft & Aerospace GmbH, Fxc Corporation, Cimsa Ingenieria de Sistemas SA, Zodiac Aerosafety Systems, SA, The Cirrus Design Corporation, Butler Parachute Systems, Inc., NH Global Sdn Bhd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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The growing demand for parachutes in the military sector is a significant factor expected to drive the global parachute market’s growth. Parachutes are also utilized in microlights, light aircraft, and hang gliders for ballistic purposes. Rising deployment of drogue chutes or break chutes to slow the object and provide control and stability to the rapidly moving object is also anticipated to fuel the demand and drive the growth of the global market. Moreover, the growing trend of adventure sports such as skydiving, para jumping, paragliding, paramotoring, etc. is also expected to support parachutes’ demand during the forecast period. Further, a rise in the number of individuals participating in recreational adventure sports across the globe is another factor foreseen to boost the growth of the target market in the near future. However, the decline in demand for advanced parachutes from many countries due to military budget constraints may hamper the growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of parachutes.
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The entire parachutes market has been sub-categorized into product type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Ram-air Parachute
- Round Parachute
- Rogallo-wing parachutes
- Annular parachutes
- Cruciform parachutes
- Rescue and Recovery
- Break Chutes
This section covers regional segmentation which accentuates on current and future demand for parachutes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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