| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 1.45 Billion |
| Market Size (2030) | USD 1.96 Billion |
| CAGR (2025 - 2030) | 6.32 % |
| Fastest Growing Market | Latin America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Military Parachute Market Analysis
The Parachute Market size is estimated at USD 1.45 billion in 2025, and is expected to reach USD 1.96 billion by 2030, at a CAGR of 6.32% during the forecast period (2025-2030).
Military forces extensively use parachutes for combat operations. The military parachute market is growing due to increasing security concerns from territorial conflicts and global terrorism. Military forces are focusing on enhancing their rapid deployment capabilities, which requires high-performance parachutes for efficient and safe troop insertion.
The increased adoption of UAVs in military operations creates demand for specialized parachute recovery systems. Market growth is further supported by advancements in parachute materials, including lightweight and smart textiles, and the implementation of advanced guidance and control systems.
However, strict regulations and high development costs restrict market growth. The development of advanced military parachutes requires substantial research and development investment, creating barriers for smaller companies with limited resources. Despite these challenges, increasing defense budgets and ongoing global conflicts indicate positive market growth during the forecast period.
Military Parachute Market Trends
Round Parachute Segment is Expected to Dominate the Market
In recent years, there has been a gradual growth of round parachutes in various defense forces worldwide. The expanding use of parachutes in the defense and military sector for personal transportation, training, and distribution, coupled with the multiple advantages on offer, are some of the critical factors that will lead to growth in the demand and the usage of round parachutes in the worldwide defense sector in the coming years. Military parachutes are designed for military personnel to use during airborne operations. These parachutes are designed to be durable and reliable, allowing the defense personnel to make safe jumps from aircraft or helicopters and provide for a safe ground landing.
Round parachutes maintain their dominant position in the military parachute market through their simplicity, cost-effectiveness, and reliability in troop deployment and cargo drops. The military prefers these parachutes for their stable descent characteristics and operational simplicity during airborne operations and training. Improvements in materials and design have enhanced the performance and safety features of round parachutes, strengthening their role in military logistics and personnel deployment operations.
For instance, in March 2023, the US Army tested an innovative reusable round parachute technology with airbags designed to airdrop military trucks ready for combat. Thus, the benefits of round parachutes make them ideal choices for various defense personnel worldwide. Moreover, advancements in product design by various defense parachute manufacturers will drive a positive outlook on the market in the forecast period.
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North America Dominates the Market During the Forecast Period
North America dominates the military parachute market due to the United States' substantial defense budget allocation toward military modernization, including airborne operations and equipment. The US military prioritizes advancements in parachute technology to enhance personnel deployment safety and effectiveness, with a focus on precision delivery systems and reduced detection capabilities. The region's market leadership is reinforced by established parachute manufacturers who maintain extensive research and development programs. These companies serve both domestic requirements and international military clients, expanding their market presence.
In June 2024, Airborne Systems North America, a global leader in the design and manufacture of parachutes for military and space use, demonstrated its systems to the Argentine Army. North America's advanced manufacturing infrastructure and technological capabilities enable the production of high-performance aerial deployment systems, maintaining the region's position as the primary force in the global military parachute market.
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Military Parachute Industry Overview
The military parachute market is semi-consolidated, with many prominent players competing for a larger market share. The major players in the market are Safran SA, RTX Corporation, Aerodyne Research LLC, Mills Manufacturing Corporation, and Airborne Systems North America. The stringent norms and regulatory policies in the defense sector are anticipated to restrict the entry of new vendors.
Economic conditions influence the sales of parachutes in major markets like Europe and Asia-Pacific. Delays or failures in obtaining export licenses and certifications create business uncertainty, affecting vendor operations and financial results. Market participants are investing in product innovation to enhance parachute capabilities. The increasing military demand for parachutes drives market growth.
Military Parachute Market Leaders
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Aerodyne Research LLC
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RTX Corporation
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Mills Manufacturing Corporation
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Airborne Systems North America
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Safran SA
- *Disclaimer: Major Players sorted in no particular order
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Military Parachute Market News
- May 2024: Airborne Systems announced a USD 14.9 million contract for parachutes from the US Department of Defense. Work locations and funding will be determined with each order, and the estimated completion date is June 30, 2025.
- September 2023: The Indian Air Force tested an indigenously developed military combat parachute system developed by the Aerial Delivery Research and Development Establishment.
- April 2023: The German Armed Forces tested its newly developed EPC-B parachute. The testing was done to check its behavior during the jump and opening process and to replace Bundeswehr’s T-10 parachute.
Military Parachute Industry Segmentation
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%.
The military parachute market is segmented by type, application, and geography. By type, the market is segmented into round, cruciform, ram-air, and other types. By application, the market is segmented into military, cargo, and other applications. The report also covers the market sizes and forecasts for the military parachute market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Type | Round Parachute | ||
| Cruciform Parachute | |||
| Ram-air Parachute | |||
| Other Types | |||
| Application | Military | ||
| Cargo | |||
| Other Applications | |||
| Geography | North America | United States | |
| Canada | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Latin America | Brazil | ||
| Rest of Latin America | |||
| Middle East and Africa | United Arab Emirates | ||
| Saudi Arabia | |||
| Turkey | |||
| Rest of Middle East and Africa | |||
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Military Parachute Market Research Faqs
How big is the Military Parachute Market?
The Military Parachute Market size is expected to reach USD 1.45 billion in 2025 and grow at a CAGR of 6.32% to reach USD 1.96 billion by 2030.
What is the current Military Parachute Market size?
In 2025, the Military Parachute Market size is expected to reach USD 1.45 billion.
Who are the key players in Military Parachute Market?
Aerodyne Research LLC, RTX Corporation, Mills Manufacturing Corporation, Airborne Systems North America and Safran SA are the major companies operating in the Military Parachute Market.
Which is the fastest growing region in Military Parachute Market?
Latin America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Military Parachute Market?
In 2025, the North America accounts for the largest market share in Military Parachute Market.
What years does this Military Parachute Market cover, and what was the market size in 2024?
In 2024, the Military Parachute Market size was estimated at USD 1.36 billion. The report covers the Military Parachute Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Military Parachute Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Military Parachute Industry Report
Statistics for the 2025 Military Parachute market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Parachute analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
