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Top 13 manufacturers in Parachute Market

 

Prof Research published a new market report on the parachute market. It presents the largest 13 manufacturers in the parachute market. The report is a professional and in-depth study on the current state of the global parachute market. The report provides key statistics on the market of parachute. This report covers 1 products parachute. It is a valuable source of guidance and direction for companies and individuals interested in the parachute industry.


The global parachute market was valued to be 431.77 million USD in 2020. The parachute production value is anticipated to have grown with a CAGR of 2.13% in the coming years to reach 489.98 million USD in 2026.

                                                                 

Airborne Systems is the largest manufacturer of parachute in the world, it has a market share of 27.71% in value. Airborne Systems Inc., a subsidiary of TransDigm Group Inc., is the world’s most trusted resource for military parachute design, development, manufacturing and placement into service. The company creates and manufactures best-in-class personnel parachutes for the military; GPS precision-guided cargo delivery systems; low-cost cargo delivery parachutes; parachute releases; personnel and cargo systems; rescue and survival equipment; space and air vehicle recovery systems; and deceleration systems for high-performance aircraft.


BAE Systems is the second-largest manufacturer of parachute in the world, it has a market share of 13.84% in value. BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments: Electronic Systems segment, Cyber Intelligence segment, Platforms Services (US) segment, Air segment, and Maritime segment.


Safran is the third-largest manufacturer of parachute in the world, it has a market share of 12.77% in value. Safran SA is a France-based high-technology company that carries out research, design, development, testing, manufacturing, sales, maintenance, and support operations for its high-technology activities. The Company’s segments are Aerospace Propulsion, Aircraft Equipment, and Aircraft Interiors. Zodiac parachute & Protection America, which was formerly known as Pioneer Aerospace and was purchased by Safran in 2018.


Spekon is the fourth largest manufacturer of parachute in the world, it has a market share of 9.60% in value. Since its foundation in the year 1842, the SPEKON Company has specialized in the manufacture of textile products. Their product range includes, for example, modern parachute systems – a field where they are now among the leading companies in the sector worldwide – and a steadily increasing number of textile products and fibre compound materials for a wide variety of areas of application.