Parachute Market 2019 Global Insights, Trends and Demand- Airborne Systems, NZ Aerosports, FXC Corporation
Global Parachute Market – Growth, Trends, And Forecast (2019 – 2024)
The report presents an in-depth assessment of the Global Parachute including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Parachute investments from 2019 till 2024.
The parachute market is anticipated to register a CAGR of over 7.5% during the forecast period (2019 – 2024).
The Global Parachute market is highly competitive and consists of a number of major players. Companies, like Airborne Systems, Mills Manufacturing, NH Global Sdn Bhd, Aerodyne Research LLC, Safran (Zodiac Aerospace), FXC Corporation, Parachute Systems, Atair Aerospace, NZ Aerosports, Precision Aerodynamics among others.
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Scope of the Report:
New and advanced lightweight parachutes are gaining popularity in the market. Moreover, with the growth of smart textiles, several researchers are working toward the use of such technology for parachutes.
– Increase in the use of parachutes by military paratroopers and fighter pilots, and for sports activities are expected to drive the market growth.
– Several accidents, due to parachute failure have raised concerns over the existing parachutes. Nevertheless, R&D and product innovations are expected to enhance the safety of parachutes, which can propel the market growth. Additionally, the use of parachutes in UAVs is also expected to support market growth during the forecast period.
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Key Market Trends:
Round Parachute Accounted for a Major Share in 2018
In 2018, round parachutes held a major share, followed by ram air parachute. Round parachutes are generally used in military, emergency, and cargo applications. Most military round parachutes are conical or parabolic in nature and are designed to be either steerable or non-steerable. However, steerable versions are not as maneuverable as other types, such as ram-air parachutes. The steerable type round parachute has cuts, which allow air to escape from the back of the canopy, providing the parachute with limited forward speed. This gives the parachutist the ability to steer the parachute and to face the wind, to slow down the horizontal velocity for the landing. Variables are likely to impact the manner and speed of the parachutes descent, as it depends on the force of the wind. However, it is anticipated that cruciform parachutes may register the highest growth in the coming years. The cruciform parachute is designed to decrease the oscillation and violent turns during the descent. The cruciform design is relatively new and is set to be used by the US Army, as it replaces its older T-10 parachutes with T-11 parachutes, under a program called Advanced Tactical Parachute System (ATPS).
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Some key points of Parachute Market research report:
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Parachute Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Global Parachute Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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