Global Military Parachute Market

Global Military Parachute Market Overview

• Global Military Parachute Market Size is Expected To Grow From USD 1.283 Billion in 2023 to USD 2.354 Billion by 2033, at a CAGR of 6.26% During the Forecast Period 2023-2033.
• For airborne operations such as troop deployment, emergency evacuations, and tactical resupply missions, military parachutes are essential.
• Geopolitical concerns, technological developments, airborne force modernization, more defense budgets, and humanitarian uses are their main motivators.
• The need for sophisticated parachute systems is growing as a result of increased territorial disputes and conflicts.
• Operational efficiency is increased via GPS-enabled precision devices, lightweight materials, and steerable parachutes.
• The need for high-performance parachutes is also fueled by the modernization of airborne forces.
• The usage of parachutes for medical evacuations and disaster aid is growing.

Major vendors in the Global Military Parachute Market 

Aerodyne Research LLC, RTX Corporation, Mills Manufacturing Corporation, Airborne Systems, Safran SA, and others.

Market Segments

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the military parachute market based on the below-mentioned segments:

Global Military Parachute Market, By Type

• Round Parachute
• Cruciform Parachute
• Ram-Air Parachute
• Others

Global Military Parachute Market, By Application

• Military
• Cargo
• Others

Global Military Parachute Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa