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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 11.2% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
type, application, component and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Safran SA, Aerodyne Research LLC, Mills Manufacturing, Parachute Systems and Raytheon Technologies Corporation |
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Available Customization |
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. |
Military Parachute Market is segmented into type, application, component and region.
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