Parachute Market | Growth, Trends and Forecast (2018 - 2023)
Global Parachute Market: Segmented by Type (Round Parachute, Cruciform Parachute, Ram Air Parachute, Others), Application (Military, Cargo, Sports, Others), and Geography - Growth, Trends Progress and Challenges (2019 - 2024)


OCT 2018

Global Parachute Market: Segmented by Type (Round Parachute, Cruciform Parachute, Ram Air Parachute, Others), Application (Military, Cargo, Sports, Others), and Geography - Growth, Trends Progress and Challenges (2019 - 2024)

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With growing terror attacks in regions, like Middle East, nations associated with UN are deploying their soldiers for critical missions. Such missions usually require air-drop of troops and military cargo. This will generate the need for military parachutes that can carry huge loads as the troops themselves carry several ammunitions and communication systems with them. Due to such factors the global parachute market is expected to grow at a CAGR of 7.99% during the forecast period.

Demand For Round Parachutes

Round parachutes were the most preferred type during the study period. This large share could be accounted to their growing application in the ejection seats, aircraft recovery systems, parasailing, and emergency landing system for small aircraft, among others. The market for ram air parachutes is poised to register a higher CAGR over the next five years, owing to their greater control benefits and wide spread application for military troops, sky diving, and other extreme adventure activities.

Growing Demand for Recreational Purposes

The growth in parachute market will be led by North American and European region, where the population is gaining awareness and has resources to engage in sports activities. The round air parachute segment is expected to witness the highest growth rate in Asia-Pacific, as the number of high networth indiviuals increases in the region. Japan, India, and China are anticipated to be the leading countries in the region for parachutes market in sports application.

Source: Mordor Intelligence Analysis

Source: Mordor Intelligence Analysis

Major Players:

Airborne Systems, AZodiac Aerospace,Mills Manufacturing, Precision Aerodynamics ,and NZ Aerosports among others.

Key Developments in the Market:

Jan 2018: Indoor skydiving introduced in mall centers in Malaysia.

Nov 2017: Mars 2020 mission performs first supersonic parachute test. Parachute testing is set to have new applications in the Mars rover mission.

Oct 2017: Property investors bet on the mall culture in emerging markets. Mall centers in emerging markets are keen on having a skydiving area and surf arena among the entertainment attractions.

Report Scope:



Base Year for Estimation


Review Period

2012 - 2017

Forecast Period

2018 – 2023

Market Representation

Revenue in USD billion & CAGR from 2018 - 2023

Regions Covered

North America, Europe, Asia Pacific, South  America and Middle East & Africa

Report coverage 

Revenue forecast, market share analysis, and market dynamics


Reasons to Purchase the Report:

  • To understand the parachute market in the perspective of what drives the market and what restrains it
  • To identify the geographic regions that will dominate the parachutes market sales
  • To understand the factors affecting the parachutes market at the global level
  • To identify the biggest military spenders on parachutes and other new market opportunities
  • To understand how is the emergency parachute landing system for aircraft going to be affected during 2018-2023

Customization of the Report:

This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs


1.1 Scope of Study

1.2 Executive Summary


2.1 Study Deliverables

2.2 Study Assumptions

2.3 Research Phases


3.1 Market Overview

3.2 Industry Attractiveness – Porter’s Five Forces Analysis

3.2.1 Bargaining Power of Suppliers

3.2.2 Bargaining Power of Consumers

3.2.3 Threat of New Entrants

3.2.4 Threat of Substitute Products and Services

3.2.5 Degree of Competition


4.1 Drivers

4.2 Restraints

4.3 Opportunities


5.1 Round Parachute

5.2 Cruciform Parachute

5.3 Ram Air Parachute

5.4 Others


6.1 Military

6.2 Cargo

6.3 Sports

6.4 Others


7.1 Asia-Pacific

7.1.1 China

7.1.2 India

7.1.3 Japan

7.1.4 South Korea

7.1.5 Rest of Asia-Pacific

7.2 North America

7.2.1 United States

7.2.2 Canada

7.2.3 Rest of North America

7.3 Europe

7.3.1 Germany

7.3.2 United Kingdom

7.3.3 France

7.3.5 Rest of Europe

7.4 South America

7.4.1 Brazil

7.4.2 Argentina

7.4.3 Rest of South America

7.5 Middle East & Africa

             7.5.1 UAE

7.5.2 Saudi Arabia

7.5.3 South Africa

7.5.4 Rest of Middle East & Africa


8.1 Introduction

8.2 Market Share Analysis


9.1 Parachute Production – by Year

9.2 Parachute Production Distribution – by Manufacturing

9.2.1 Round Parachute

9.2.2 Cruciform Parachute

9.2.3 Ram-air Parachute

9.2.4 Others

9.3 Parachute Production – by Application

9.3.1 Military

9.3.2 Civilian

9.3.3 Cargo

9.4 List of Parachute Manufacturers


10.1 Airborne Systems

10.2 Mills Manufacturing

10.3 NH Global Sdn Bhd

10.4 Aerodyne Research LLC

10.5 Zodiac Aerospace

10.6 FXC Corporation

10.7 Parachute Systems

10.8 Atair Aerospace

10.9 NZ Aerosports

10.10 Precision Aerodynamics

11. Disclaimer

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