Military & Commercial Parachutes Market 2025 Growth, Share, Size, Key Drivers By Manufacturers, Upcoming Trends Military & Commercial Parachutes Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global Military & Commercial Parachutes Market size is projected to value USD 930.4 million until 2025. It is expected to register a CAGR of 6.1% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for enhancing international securities and shifting inclination towards aerial sports is anticipated to drive the market growth. The cruciform type segment dominated the global market in 2018 owing to rapid technological advances being carried out for the development of technologically advanced parachutes. While the ram-air segment accounted for the highest CAGR over the forecasted years, 2019 to 2025 across the military and commercial parachutes.
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In 2018, the segment of cargo/extraction dominated the global market owing to increasing demand for cargo chutes during calamities like floods, earthquakes. On the other hand, troop/personnel segment is expected to witness highest CAGR in the upcoming years on account of increasing inclination and attraction towards aerial sports like parachuting and skydiving. North America dominated the global market in 2018 due to surging investments across the military and defense sector in countries like the U.S. and Canada. While, the Asia Pacific is expected to register the fastest