Parachutes Market Report 2025 (Global Edition)

Global Parachutes Market Report 2025 Market Size Split by Product Type Outlook: (Ram Air Parachute, Round Wing Parachute, Rogallo Wing Parachute, Annular Parachute, Cruciform Parachute, Ribbon and Rin...

Parachutes Market Report Description

We have various report editions of Parachutes Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Parachutes Market

The presence of a few major competitors who control the market through innovation, high-quality products, and strategic alliances defines the competitive landscape of the parachute market. The market is expanding as a result of their vast experience and technological developments in parachute design and production. In order to meet the demands of both the military and the general public, these manufacturers are concentrating on research and development to produce more dependable, long-lasting, and effective parachute systems. Participation in government contracts and alliances with defence companies also offer a substantial competitive advantage.

November 2023: Pioneer Aerospace, a parachute manufacturer, was purchased by Elon Musk's SpaceX for $2.2 million. Musk's rocket company will now include Pioneer Aerospace, which is well-known for creating parachutes for spacecraft returning to Earth. This action is in keeping with SpaceX's continuous attempts to improve the capabilities of its space missions and optimize its recovery systems.

(Source:https://www.thestatesman.com/technology/musks-spacex-buys-parachute-company-for-2-2-mn-report-1503245428.html/amp )

August 2023: Successful Drogue Parachute Deployment Tests were carried out at the Rail Track Rocket Sled (RTRS) facility in Chandigarh by the Vikram Sarabhai Space Centre (VSSC)/ISRO in cooperation with ADRDE/DRDO. Crucial to the Gaganyaan mission, the tests assessed parachutes intended to stabilize the crew module after re-entry. India's parachute technology for space missions advanced significantly as a result of the series, which featured simulations of a variety of real-world circumstances.

(Source:https://www.isro.gov.in/Drogue_Parachute_Test.html )

April 2023: The newly created EPC-B parachute was tested by the German military. Testing was done to replace the T-10 parachute used by the Bundeswehr and to see how the parachute behaved during the jump and opening procedure.

(Source:https://www.euro-defence.eu/2023/04/18/a-new-parachute-for-the-german-armed-forces/ )

Top Companies Market Share in Parachutes Industry: (In no particular order of Rank)

• Aerodyne Research LLC
• NH Global Sdn Bhd
• Parachute Systems
• Cimsa Ingeniería de Sistemas S.A.
• Fxc Corporation
• BAE Systems plc
• Ballenger International LLC
• Butler Parachute Systems Inc.
• Airborne Systems (TransDigm Inc.)
• Mills Manufacturing Corporation
• Precision Aerodynamics
• Sachsische Spezialkonfektion GmbH etc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Parachutes Market

Which Region Dominates the Parachutes Market in 2024?

According to Cognitive Market Research, North America currently dominates the Parachutes market, and the region is expected to have significant growth during the projected period. High-quality parachutes are in high demand for special operations, cargo drops, and soldier deployment due to North America's large defence budget and sophisticated military capabilities. The existence of significant parachute manufacturers and cutting-edge aerospace industries further supports market expansion. Thus, the demand for recreational parachutes is further increased by the popularity of adventure tourism and recreational sports like skydiving and paragliding.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising military spending in developing nations as well as an increase in regional instability and terrorism. Growing applications in tourism and leisure activities are another factor contributing to the expansion in Asia Pacific. It is recommended that new market participants concentrate on conducting thorough and ongoing research to create the newest designs and updated technologies for the product, as this will help them build their brand and expand in the future.

The current report Scope analyzes Parachutes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Parachutes Market Analysis

According to Cognitive Market Research, the global Parachutes market size was estimated at USD 651.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 260.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Parachutes market with a market size of USD 205.61 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period ascribed to the nation's growing military and defence industry.
• The Canada Parachutes market had a market share of USD 31.27 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to rising military spending in developing nations as well as an increase in terrorism and turmoil in this nation.
• The Mexico Parachutes market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 23.71 million in 2024.

Europe Parachutes Market Analysis

According to Cognitive Market Research, the global Parachutes market size was estimated at USD 651.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 195.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Parachutes market had a market share of USD 32.84 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period because more money is being invested in this nation's parachute manufacturing businesses.
• The France Parachutes market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 17.98 million in 2024.
• According to Cognitive Market Research, the German Parachutes market size was valued at USD 38.70 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period because of increased military and defense spending as well as the growing use of parachutes in a variety of military applications.
• The Italy Parachutes market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 16.81 million in 2024.
• The Russia Parachutes market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 30.29 million in 2024.
• The Spain Parachutes market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 16.03 million in 2024
• The Luxembourg Parachutes market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 6.06 million in 2024.
• The Portugal Parachutes market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 4.10 million in 2024.
• The Greece Parachutes market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2.35 million in 2024.
• The Rest of Europe's Parachutes market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 30.29 million in 2024.

Asia Pacific Parachutes Market Analysis

According to Cognitive Market Research, the global Parachutes market size was estimated at USD 651.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 149.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Parachutes market size was valued at USD 67.43 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period because more people are participating in adventure sports and because extreme sports are becoming more popular.
• The Japan Parachutes market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 20.68 million in 2024.
• The India Parachutes market had a market share of USD 17.98 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period attributed to the country's expanding defence and military sector.
• The South Korean Parachutes market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 14.98 million in 2024.
• The Australian Parachutes market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.79 million in 2024.
• The South East Asia Parachutes market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 10.34 million in 2024.
• The Rest of Asia Pacific Parachutes market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 10.64 million in 2024.

South America Parachutes Market Analysis

According to Cognitive Market Research, the global Parachutes market size was estimated at USD 651.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 32.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Parachutes market size was valued at USD 13.94 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period due to a rise in terrorism and unrest in this country, as well as increased military spending in developing countries.
• Argentina's Parachutes market had a market share of USD 5.47 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period due to increased investment in this country's parachute manufacturing enterprises.
• Colombia Parachutes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2.90 million in 2024.
• Peru Parachutes market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 2.67 million in 2024.
• Chile Parachutes market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 2.35 million in 2024.
• The Rest of Latin America's Parachutes market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 5.24 million in 2024.

Middle East Parachutes Market Analysis

According to Cognitive Market Research, the global Parachutes market size was estimated at USD 651.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 13.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Parachutes market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 5.58 million in 2024 due to rising defense and military budget and the expanding use of parachutes in various military applications.
• The Egypt Parachutes market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 1.37 million in 2024.
• The South Africa Parachutes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 2.06 million in 2024 due to the growing popularity of extreme sports and the increase in participation in adventure sports.
• The Turkey Parachutes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 1.12 million in 2024.
• The Nigeria Parachutes market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1.37 million in 2024.
• The Rest of the MEA Parachutes market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1.54 million in 2024.

Parachutes Market Analysis

How are Segments Performing in the Global Parachutes Market?

Parachutes Market Product Type Segment Analysis

According to Cognitive Market Research, Round Wing Parachute category is likely to dominate the Parachutes Market over the forecast period. The parachute market share is increasing due to the widespread usage of round parachutes in emergency and military applications. They are perfect for emergency evacuations, cargo drops, and large troop deployments because of their stability and dependability. They are a popular option for large-scale operations where dependability and safety are essential due to their straightforward design, which enables consistent performance and ease of use. Additionally, round parachutes are less expensive than more sophisticated models, making them suitable for both the military and the general public. Their sustained supremacy in the industry is guaranteed by their demonstrated performance in a variety of applications.

The Ram Air Parachute is the fastest-growing segment in the Parachutes Market because of the growing use of ram-air parachutes in military applications, base jumping, skydiving, and paragliding. In order to glide in the air or make a safe landing, ram-air parachutes, a type of parafoil canopy or parachute, are used to reduce the speed of descent. Compared to other types, it offers more control over direction and speed, and its design generates lift. SSK Industries will begin providing essential safety gear to USN SOF ram-air parachute system operators on November 5, 2021. Under an IDIQ contract of USD 12.65 million from the U.S. Naval Air Warfare Center Weapons Division. The project will take place in Lebanon, Ohio, and be completed in October 2026.

(Source:https://www.shephardmedia.com/news/defence-notes/usn-orders-support-for-ram-air-parachutes/)

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Parachutes Industry. Request a Free Sample PDF!

Parachutes Market Application Segment Analysis

According to Cognitive Market Research, the military segment holds the largest share of the market. The market for parachutes is growing as a result of the widespread usage of parachutes in military applications for a range of defence-related tasks. There is a significant demand for dependable and sophisticated parachute systems in high-stakes scenarios such as emergency evacuations, army deployment, cargo drops, and surveillance missions. A variety of parachutes are needed for military activities, ranging from square and circular to high-performance models like ram-air parachutes. Furthermore, ongoing defence budget investments worldwide guarantee the acquisition of cutting-edge parachute technologies.

In the Parachutes Market, Rescue and Recovery has been expanding at a rapid pace fueled by rising demand from the emergency response, defence, and military sectors. These parachutes are essential for medical evacuations, disaster recovery efforts, and search and rescue missions because they guarantee the safe transportation of people and equipment in hazardous situations. The longevity, dependability, and effectiveness of rescue parachutes have increased due to design and material advancements, which have increased their use even more. This category has grown as a result of the increased focus on preparedness and response capacities brought about by the increase in natural disasters and humanitarian crises.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Parachutes Component Outlook: Segment Analysis

Parachutes Market Component Segment Analysis

According to Cognitive Market Research, the canopy segment holds the largest market share due to the growing need for parachute canopies in military operations and training. The majority of parachutists' canopies are made of high-tensile nylon multifilament fibres, usually ripstop braided in deniers between 32 and 200. Movement in the opposite direction of the incoming wind is slowed by the area of high pressure created when the canopy traps air inside its envelope. For military operations and training, Spekon, a German manufacturer, provides RS troop parachutes. The canopy's distinctive shape allows for optimal aerodynamics, which results in optimal performance. The canopy enables mass jumpers to leap from the rear entrance or both side entrances of the aircraft. This particular canopy is manoeuvrable but not steerable.

In the Parachutes market, the rapidly growing sector is the ropes category, driven by the growing need for high-performance parachutes in a variety of industries and developments in material science. Because parachutist ropes are essential to both safety and performance, materials with high tensile strength, durability, and lightweight, such as nylon, Kevlar, and Dyneema, are being prioritized. These materials are perfect for military, aerospace, and recreational applications because of their exceptional resistance to abrasion, UV radiation, and environmental stress. The ropes category is also growing as a result of the growing popularity of adventure sports and the growing use of parachutes in cargo delivery systems.

• Canopy
• Ropes
• Cords
• Webbings
• Metals

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

LinkedIn

Profile

I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

Author's Conclusion