Global Military And Commercial Parachute Market Size & Outlook
The military and commercial parachute industry worldwide is expected to reach a projected revenue of US$ 1,338.8 million by 2030. A compound annual growth rate of 7.6% is expected of the worldwide military and commercial parachute industry from 2025 to 2030.
Revenue, 2024 (US$M)
$857.7
Forecast, 2030 (US$M)
$1,338.8
CAGR, 2025 - 2030
7.6%
Report Coverage
Worldwide
Global military and commercial parachute market, 2018-2030 (US$M)
Related Markets
Global military and commercial parachute market highlights
- The global military and commercial parachute market generated a revenue of USD 857.7 million in 2024 and is expected to reach USD 1,338.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.6% by 2030.
- In terms of segment, cruciform accounted for a revenue of USD 341.5 million in 2024.
- Ram-air is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 857.7 million |
| Market revenue in 2030 | USD 1,338.8 million |
| Growth rate | 7.6% (CAGR from 2025 to 2030) |
| Largest segment | Cruciform |
| Fastest growing segment | Ram-air |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Round, Cruciform, Ram-air |
Other key industry trends
- In terms of revenue, the North America accounted for 36.2% of the global military and commercial parachute market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 47.2 million by 2030.
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Military and Commercial Parachute Market Scope
Military and commercial parachute market segmentation & scope
Military and Commercial Parachute Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global military and commercial parachute market size, by regions, 2018-2030 (US$M)
Top 10 countries: Military and commercial parachute market size, 2024 (US$M)
Global military and commercial parachute market share, by application, 2024 & 2030 (%, US$M)
Military and commercial parachute market: Opportunity assessment by country
Global military and commercial parachute market, by region, 2024 (US$M)
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