Military And Commercial Parachutes Market To Reach $1,338.8 Million By 2030

Military And Commercial Parachutes Market Growth & Trends

The global military and commercial parachutes market size is expected to reach USD 1,338.8 million in 2030 and is projected to grow at a CAGR of 7.6% from 2025 to 2030. The increasing expenditure of governments in the defense sector across the world and the growth of adventurers pursuing skydiving/parachuting as a leisure activity are the major driving forces for the growth of the market. Moreover, advancements in the fabric technology amid smart textiles’ evolution and its application in parachute manufacturing is likely to propel the utility of parachutes in military and commercial applications.

The application of parachutes for the deployment of troops and supplies during military action and rescue operations in the wake of natural calamities is likely to boost the market for military chutes in the long run. The growth of commercial chutes in aerial sports like parachuting and skydiving has immense growth potential among the adventure seekers, particularly millennials. As per the U.S. Parachuting Association (USPA) records, in 2018, the association had exceeded 40,000 members for the first time in its history of 72 years, corroborating the trend that people are increasingly pursuing the sport.

The rise in number of aerial sports institutes and skydiving schools across the globe has been instrumental in attracting the parachutists and promoting the growth of the skydiving community. Various international skydiving associations such as U.S. Parachute Association, British Parachute Association, Australia Parachute Federation, and New Zealand Parachute Federation promote the culture of parachuting by setting standard rules and regulations and organizing competitions across the regions.

The occurrence of accidents and reports of deaths during parachuting activities, have raised concerns over the safety of the existing chutes. However, research and development and innovations in textile technology are expected to improve the safety, consequently propelling the military and commercial parachutes market growth during the forecast period.

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Military And Commercial Parachutes Market Report Highlights

• The Ram-air segment is projected to grow at the fastest CAGR during the forecast period, driven by significant advancements in parachute technology

• The troop/personnel segment is expected to grow at the fastest CAGR over the forecast period

• The cargo/extraction segment dominated the market with the largest share in 2024 due to its critical role in logistics and supply chain operations

• The North America military and commercial parachutes market dominated the global market with a revenue share of 36.2% in 2024, driven by significant investments in defense and advanced military technologies.

Military And Commercial Parachutes Market Segmentation

Grand View Research has segmented the global military and commercial parachutes market report based on type, application, and region.

Military And Commercial Parachutes Type Outlook (Revenue, USD Million, 2018 - 2030)

• Round

• Cruciform

• Ram-air

• Others

Military And Commercial Parachutes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Troop/Personnel

• Cargo/Extraction

• Deceleration

• Emergency

• Others

Military And Commercial Parachutes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in Military And Commercial Parachutes Market 

• Aerodyne

• Airborne Systems

• BAE Systems

• Butler Parachute Systems

• Complete Parachutes Solutions

• FXC Corporation.

• Mills Manufacturing

• Fujikura Parachute CO., LTD.

• SPEKON

• Safran