The global Parachutes market was valued at 855.97 Million USD in 2021 and will grow with a CAGR of 4.57% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Parachute is a kind of deployable aerodynamic retarder, which is based on the principle of air resistance and inflated relative to air movement. Modern parachute is a kind of aviation tool that enables people or objects to land safely from the air. It is mainly made of flexible fabric.North America and Europe are the two major production regions of parachute market, accounting for about 37% and 31% of revenue share respectively in 2019. From the perspective of product market application, parachutes are used in civil and military fields. Some of the main applications of commercial parachute include entertainment and performance, aviation and so on. The military dominated the main market.

By Market Verdors:

IrvinGQ

Zodiac Aerospace

AVIC

China Aerospace Science and Technology Corporation

BRS Aerospace

Fujikura Parachute

Performance Designs

VITAL Parachute

Mills Manufacturing

Vertical do Ponto

Complete Parachute

FXC Corporation

By Types:

Round Parachute

Ram Air Parachute

Belt and Ring Parachute

By Applications:

Military

Civil

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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To understand the future outlook and prospects for the market.

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