Military Parachute Market - Trends Forecast Till 2028

Military Parachute Market by Type (Round Parachute, Ram-air Parachute, Square or Para foil Parachute, and Others), Application (Military, Cargo, Sports, Rescue, and Others), and Component (Canopy, Cords, Tapes, Webbings, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-MPM-991


Number of Pages: 283

Domain: Aerospace & Defense

Military Parachute Market – Trends Forecast Till 2028

The global Military Parachute Market size is projected to reach a CAGR of 11.2% from 2021-2028.

A parachute is a device designed to slow the rate of descent of a body under free fall by creating drag. Modern parachutes are designed to reduce the terminal velocity of the user by as much as 90%.

New and advanced lightweight parachutes are gaining popularity, and the growth of smart textiles are some of the factors that have supported long-term expansion for Military Parachute Market.

Military Parachute Market Research Report

Latin America is Expected to Witness the Highest Growth During the Forecast Period. Latin America has been witnessing persistent political unrest and frequent terrorist activities, and the defense forces in the region need to be appropriately prepared for rapid deployments to neutralize any terror activity in a geographically diverse environment.

Military Parachute Market is segmented into type, application, component and region.

On the basis of Type

  • Round parachute
  • Ram-air parachute
  • Square pr para foil parachute

On the basis of Application

  • Military
  • Cargo
  • Sports
  • Rescues

On the basis of Components  

  • Canopy
  • Cords
  • Tapes
  • Webbings

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Military Parachute Market Primary Respondent


Key Players

  • Safran SA
  • Aerodyne Research LLC
  • Mills Manufacturing
  • Parachute Systems
  • Raytheon Technologies Corporation

Recent Developments

  • In 2020, the Indian DRDO developed the P7 Heavy Drop System that can drop military stores up to a 7-ton weight class from IL-76 aircraft. This system is fully indigenous and manufactured by L&T, which makes the platform system, while the round parachutes are manufactured by Ordnance Factory.

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  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 11.2% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, application, component and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

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

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Safran SA, Aerodyne Research LLC, Mills Manufacturing, Parachute Systems and Raytheon Technologies Corporation

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