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.
November 2017: Mars 2020 mission performs first supersonic parachute test. Parachute testing is set to have new applications in the Mars rover mission.
October 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.
January 2018: Indoor skydiving introduced in mall centers in Malaysia.
Key Players: Airborne Systems, Aerodyne, Parachute Systems, Atair, Aerospaceb, and NZ Aerosports.
Reasons to Purchase this Report
- Analysing various perspectives of the market with the help of Porter’s Five Forces Analysis
- Detailed analysis on the segment that is expected to register the highest growth rate
- Study on the region and country that are expected to dominate the market
- Identifying the latest developments, market shares and strategies employed by the major market players
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of the Suppliers
3.2.2 Bargaining Power of the Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Competitive Rivalry within the Industry
4. Market Dynamics
5. Parachute Market by Parachute Type
5.1 Round Parachutes
5.2 Cruciform Parachutes
5.3 Ram air Parachutes
6. Parachute Market by Applicatiom
6.2 Cargo parachutes
6.3 Sports parachutes
7. Parachute Market by Geography
7.1 North America
7.3.4 South Korea
7.4 Middle-East and Africa
7.4.1 South Africa
7.4.2 Saudi Arabia
7.4.3 United Arab Emirates
7.5 South America
8. Competitive Landscape
8.2 Market Share Analysis
9. Company Profiles
9.1 Airborne Systems
9.2 Mills Manufacturing
9.3 NH Global
9.5 Zodiac Aerospace
9.6 XC Corporation
9.7 Parachute Systems
9.8 Atair Aerospaceb
9.9 NZ Aerosports
9.10 Precision Aerodynamics