A new Report by Delvens, titled "Military Parachute Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global Military Parachute Market size is projected to reach a CAGR of 11.2% to 2028.
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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.
Key Players
· Safran SA
· Aerodyne Research LLC
· Mills Manufacturing
· Parachute Systems
· Raytheon Technologies Corporation and More
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.
Regional Analysis of Military Parachute Market
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.
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Military Parachute Market so as to understand the trends and the factors involved behind changing market situations
· 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
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
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In addition to the market data for Military Parachute Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
More Reports From Delvens:
Air and Missile Defense Radar (AMDR) Market
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