Global Parachutes
Market Report
2025
The global Parachutes market size will be USD 651.5 million in 2024. Increasing number of people taking part in adventure sports for fun as a way to boost their confidence and reduce stress is expected to boost sales to USD 916.7259 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Parachutes market size will be USD 651.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
North America Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.2% |
United States Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3% |
Canada Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4% |
Mexico Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.7% |
Europe Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.5% |
United Kingdom Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.3% |
France Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 2.7% |
Germany Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.7% |
Italy Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 2.9% |
Russia Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 2.5% |
Spain Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 2.6% |
Rest of Europe Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 2.2% |
Asia Pacific Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
China Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 6.5% |
Japan Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
India Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 8.8% |
South Korea Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 6.1% |
Australia Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 6.7% |
Rest of APAC Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 6.8% |
South America Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.4% |
Brazil Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
Argentina Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 5.3% |
Colombia Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Peru Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.6% |
Chile Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Rest of South America Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.5% |
Middle East Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Egypt Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
Turkey Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Rest of Middle East Parachutes Market Sales Revenue | 121212 | 121212 | 121212 | 3.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Parachutes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A parachute, which consists of a fabric canopy over which the person or object is hanging, is a device used to slow the drop of an object or person through the air. Due to air resistance caused by the main parachute, the skydiver's speed of descent to the ground is reduced to roughly ten miles per hour. When someone falls, a parachute functions more like an aeroplane wing since it experiences the same forces (weight, drag, form, etc.). Rising security concerns from international terrorism and regional conflicts, as well as increased demand for UAV parachutes in military applications, are driving the parachute market's expansion. Similarly, the growth of the tourism industry is being influenced by the rise in airborne activities, which in turn is increasing demand for parachutes in many parts of the world. The growing use of parachutes in aircraft recovery systems and their sophisticated technology are drawing interest from military departments across the globe. Additionally, the market's leading companies make large investments in research and development (R&D) efforts to create technologically sophisticated products that satisfy end customers' demands worldwide. To increase their overall sales and profitability, the major industry players are focusing on mergers and acquisitions.
For instance, in September 2022, working on the Ariane 5, 6, and M51 programs, Safran Engineering Services provided ArianeGroup with its expertise. The business provides visual design expertise for use in military and commercial space initiatives.
The growing appeal of thrill and adventure sports like skydiving, paragliding, and BASE jumping is one of the main factors propelling the parachute market's expansion. The demand for parachutes for recreational purposes has increased as a result of this increase in interest. Additionally, the industry is growing as a result of elements including increased disposable incomes, increased awareness of extreme sports, and better safety regulations. Sales of parachutes and related equipment are rising as a result of parachuting schools and adventure sports businesses broadening their offerings to meet the needs of the increasing number of enthusiasts. In addition, the growing popularity of adventure sports and the need for dependable, high-quality parachutes are being driven by the influence of social media, where adventure sports fans share their experiences.
Lighter, more robust, and longer-lasting parachutes are the result of design and material advancements. High-performance textiles like polyester and ripstop nylon, which provide increased strength and decreased weight, are frequently used in modern parachutes. Additionally, technological developments have enhanced parachutes' performance and safety characteristics, making them more dependable and user-friendly. Automatic activation devices (AADs), for example, have greatly improved safety for both military and recreational parachutists by deploying the reserve parachute at a predefined altitude in the event that the main parachute fails. The expansion of the worldwide parachute market is aided by these technical advancements, which draw in new customers and motivate current ones to upgrade their gear.
During mission landings, parachutes are commonly used in the military. With the rise of payloads, they are getting bigger, carrying more weight, and travelling faster. Numerous studies conducted globally have pointed up the flaws with contemporary parachutes. According to accounts, the T-11 (non-maneuvrable military parachute) has also failed, and numerous people have tragically died as a result of parachute malfunction. These studies have guaranteed the widespread doubt about the safety and effectiveness of parachutes. Governments are also imposing increasingly stringent regulations to promote safe and enjoyable skydiving because of the increase in parachute failure incidents. A number of unfortunate incidents have happened worldwide due to negligence in the post-production quality check of the parachutes. However, because current parachutes are equipped with a reserve parachute in addition to the primary parachute, the National Safety Council claims that skydiving is safer. In order to lessen the amount of unfortunate accidents brought on by failing parachutes, numerous companies are now working on creating newer models.
The market for parachutes was greatly damaged by the COVID-19 pandemic, mostly as a result of disruptions in the defence and aviation industries. The demand for parachutes decreased as a result of commercial planes being grounded, air shows being postponed, and recreational skydiving operations being curtailed during lockdowns. Additionally, the purchase of new parachutes for military operations was delayed as defence funding in several nations was reallocated to address pandemic-related issues. The scenario was made worse by supply chain interruptions, which caused firms to experience production delays and raw material shortages.
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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.
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)
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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.
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
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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 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.
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 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 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..
Global Parachutes Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Parachutes Industry growth. Parachutes market has been segmented with the help of its Product Type Outlook:, Application Outlook: Component Outlook:, and others. Parachutes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Parachutes Market?
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/)
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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.
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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.
Research Associate at Cognitive Market Research
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.
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.
Conclusion
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Product Type Outlook: | Ram Air Parachute, Round Wing Parachute, Rogallo Wing Parachute, Annular Parachute, Cruciform Parachute, Ribbon and Ring Parachute, Pull Down Apex Parachute |
Application Outlook: | Military, Civil Aircrafts, Rescue and Recovery, Break Chutes, Cargo |
Component Outlook: | Canopy, Ropes, Cords, Webbings, Metals |
List of Competitors | 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. |
This chapter will help you gain GLOBAL Market Analysis of Parachutes. Further deep in this chapter, you will be able to review Global Parachutes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Parachutes. Further deep in this chapter, you will be able to review North America Parachutes Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Parachutes. Further deep in this chapter, you will be able to review Europe Parachutes Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Parachutes. Further deep in this chapter, you will be able to review Asia Pacific Parachutes Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Parachutes. Further deep in this chapter, you will be able to review South America Parachutes Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Parachutes. Further deep in this chapter, you will be able to review Middle East Parachutes Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Parachutes. Further deep in this chapter, you will be able to review Middle East Parachutes Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Parachutes. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Outlook: Analysis 2019 -2031, will provide market size split by Product Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Component Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Parachutes market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Ram Air Parachute have a significant impact on Parachutes market? |
What are the key factors affecting the Ram Air Parachute and Round Wing Parachute of Parachutes Market? |
What is the CAGR/Growth Rate of Military during the forecast period? |
By type, which segment accounted for largest share of the global Parachutes Market? |
Which region is expected to dominate the global Parachutes Market within the forecast period? |
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