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Global demands for die bond equipment are anticipated to reach US$ 6 billion by 2032. This growth is attributed largely due increasing adoption rates of stacked-die technology in IoT devices, which will drive up demand even further over the next few years.

As a result, die bonder equipment is widely used in the fabrication of semiconductor devices. Furthermore, various methods, such as epoxy, eutectic, soft solder, and flip chip, are used to attach the die to the substrate.

This, in turn, is projected to create lucrative growth opportunities for the manufacturers of die boner equipment in the coming years owing to which the die bonder equipment market is also expected to grow at significant CAGR during the forecast period.

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Global Die Bonder Equipment Market: Dynamics

Growing demand for semiconductor integrated circuits is one of the key factors expected to drive the overall demand for die bonder equipment in future. Increasing adoption of electronic systems due to rising number of end-use applications will create healthy demand for integrated circuits (ICs).

This, in turn, is propelling the demand for die bonder equipment in the global market. Additionally, growing adoption of IOTs, ultra-high definition television and hybrid laptops is further expected to create significant demand for die bonder equipment in future. Furthermore, growing demand for polymer adhesive water bonding equipment is further expected to become a barrier to the growth of the die bonder equipment market in future.

Global Die Bonder Equipment Market: Regional Outlook

In the global market of die bounder equipment, Asia Pacific is expected to dominate the market owing to growing demand from the region. This growing demand can primarily be attributed to the presence of a huge number of IC manufacturers in the region. Growing IC demand due to increasing smartphones and tablets production will make the region grow at a healthy pace in future.

Moreover, the market for die bonder equipment in North America and Europe is also projected to grow at a healthy pace owing to increasing demand for semiconductors ICs from the region. The fast adoption of new and latest technologies in the region is also expected to drive the market in the region. Furthermore, MEA and Latin America are also expected to create demand for die bonder equipment in future as the market in these regions is in the growing stage as compared to other regions.

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Global Die Bonder Equipment Market: Market Participants

In the global die bonder equipment market, manufacturers are continuously focused towards automation of the tie bonding technology. Names of some of the manufacturers engaged in the development and manufacturing of die bonder equipment are mentioned:

• Besi
• ASM Pacific Technology Limited (ASMPT)
• Kulicke & Soffa Industries, Inc.
• Tresky AG
• SHIBAURA MECHATRONICS CORPORATION
• West·Bond, Inc.
• Panasonic Corporation
• MRSI Systems
• SHINKAWA LTD.
• Palomar Technologies
• DIAS Automation
• Toray Engineering
• FASFORD TECHNOLOGY

The research report presents a comprehensive assessment of the Die Bonder Equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Die Bonder Equipment market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Die Bonder Equipment market segments such as geographies, application, and industry.

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Key Segments Profiled in the Die Bonder Equipment Industry Survey

Die Bonder Equipment Market by Product Type:

• Manual Die Bonder Equipment
• Semi-Automatic Die Bonder Equipment
• Fully Automatic Die Bonder Equipment

Die Bonder Equipment Market by Attachment Method:

• Epoxy Die Bonder
• Eutectic Die Bonder
• Soft Solder Die Bonder
• Flip Chip Die Bonder

Die Bonder Equipment Market by End User:

• Die Bonder Equipment for Integrated Device Manufacturers (DMs)
• Die Bonder Equipment for Outsourced Semiconductor Assembly and Test (OSAT)

Die Bonder Equipment Market by Region:

• North America Die Bonder Equipment Market
• Latin America Die Bonder Equipment Market
• Europe Die Bonder Equipment Market
• Asia Pacific Die Bonder Equipment Market
• Middle East & Africa Die Bonder Equipment Market

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The global electric fireplace market is anticipated to be valued US$ 2.18 billion in 2021, up 1.4 percent year on year. Between 2022 and 2032, the market is predicted to increase at a CAGR of 3.7 percent, from US$ 2.21 billion in 2022 to US$ 3.2 billion in 2032. In 2020, the global market will rise by 2%, compared to the 2% average year-on-year growth from 2017 to 2019.

During the winter, an electric fireplace is a heating device that is used to heat a room or workplace in both residential and commercial buildings. Electric fireplaces are becoming more popular due to their lower energy consumption and higher efficiency output.

This is due to the region’s lack of product awareness, as well as pollution caused by traditional fireplaces. Furthermore, the Middle East and Africa market is expected to have low to moderate growth in the future.

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Global Electric Fireplace Market Participants :

The global market for electric fireplaces is consolidated and is highly dominated by top players in the market. Some of the leading players involved in the manufacturing and sales of the electric fireplace across the global market are:

• Twin-Star Home (ClassicFlame®)
• Real Flame
• Dimplex North America
• Amantii Electric Fireplaces
• Napoleon Fireplaces
• Duraflame, Inc.
• Muskoka Electric Fireplaces
• Modern Flames

The research report presents a comprehensive assessment of the electric fireplace market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated electric fireplace market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to electric fireplace market segments such as geographies, application, and industry.

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Key Segments Covered in the Electric Fireplace Market Study

Electric Fireplace Market by Type:

• Electric Stove
• Insert Electric Fireplace
• Table-Top Electric Fireplace
• Wall-Mounted Electric Fireplace
• Freestanding Electric Fireplace

Electric Fireplace Market by Size:

• Small (Up to 35″) Sized Electric Fireplace
• Medium (36″ – 42″) Sized Electric Fireplace
• Large (43″ – 48″) Sized Electric Fireplace
• Extra Large (49″ & Above) Sized Electric Fireplace

Electric Fireplace Market by Application:

• Electric Fireplace for Residential Applications
• Electric Fireplace for Commercial Applications

Electric Fireplace Market by Region:

• North America Electric Fireplace Market
• Latin America Electric Fireplace Market
• Europe Electric Fireplace Market
• East Asia Electric Fireplace Market
• South Asia & Pacific Electric Fireplace Market
• Middle East and Africa Electric Fireplace Market

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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200 Continental Drive, 
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The global Cryogenic Systems market is estimated at US$ 12.9 billion in 2021 and is predicted to reach US$ 25.5 billion by 2032, growing at a 6.5% CAGR between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence source, global Cryogenic Systems consumption grew at a 5.1% CAGR between 2017 and 2021.

The increased demand for Cryogenic Systems across a wide range of industries, including electronics, healthcare, and power generation, has resulted in a strong growth rate in the Cryogenic Systems market. Furthermore, due to increased LNG production and significant demand for gases in the healthcare sector, the use of cryogenic systems is likely to increase in the future years.

In the future years, market growth will be driven by rising demand for cryogenic gases for medical applications. Because of the detection of respiratory disorders, oxygen gas, for example, is in high demand in the medical industry. Increasing medical infrastructure and widespread application across a wide range of industries are expected to fuel market expansion in the next years.

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Key Takeaways from Market Study

• Cryogenic Systems market is estimated to reach a valuation of US$ 13.6 Bn in 2022
• The market is projected to grow at a CAGR of 6.5% during 2022 – 2032
• LNG being the highest revenue-generating cryogen, is expected to register a market growth of 7.8%
• Cryogenic Systems revenue through Energy and Power is projected to expand at a CAGR of 5.7% during the period of projection
• The U.S. is expected to account for nearly 30% of the global Cryogenic Systems demand by 2032

Industries such as aircraft, transportation, and railroads have a high demand for Cryogenic Systems, and this trend is expected to continue in the coming years. Improvements in Cryogenic Systems insulation methods are actively contributing to market growth.

Several governments throughout the world have planned to phase out coal-based electricity by 2020 in order to reduce greenhouse gas emissions. For the reasons stated above, several nations have begun to reduce their reliance on coal and increase their use on natural gas for energy and power generation. Liquefied natural gas (LNG), which contains various segments of Cryogenic Systems such as tanks, is more pleasant to transport and is expected to boost the market throughout the projection period.

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Winning Strategy

Natural gas utilization is expanding due to its availability, environmental friendliness, and an ever-increasing energy need. The power generation industry has the highest demand for natural gas. The public is becoming increasingly concerned about the carbon footprint of modern fossil-fuel power facilities, such as coal plants. Governments throughout the globe are implementing different policies and agreements to minimize their nations’ carbon footprints as part of their environmental protection and climate change obligations. As the need for electricity grows, so does the demand for clean energy production methods, and LNG is one of the likely victors in this race.

Industrial gas applications including the use of industrial gases in the aerospace, defense, food and beverage, electronics, medical storage, and pharmaceutical production industries, among others, are driving the use of Cryogenic Systems for industrial gas applications. In addition, increased worldwide demand for energy and natural gas, rising demands for respiratory healthcare, and higher usage of both biopharmaceuticals and genetically living tissue drug treatments are all driving the Cryogenic Systems market forward.

Competitive Environment

Cryofab Inc., Emerson, Beijing Tianhai Industry Co Ltd, Graham Partners, Herose GmbH, Air Liquide, Linde Group AG, Cryoquip LLC, and Chart Industries LLC are some of the key companies in the Cryogenic Systems industry. Some of the growth tactics highlighted include mergers and acquisitions, strategic cooperation, and partnership partnerships.

Some of the recent developments in Cryogenic Systems market include:

• In June 2021, Dalian Shipbuilding Industry, a subsidiary of China State Shipbuilding Corporation, announced that it has delivered dual-fuel VLCC 2x3500m³ which is a C-type LNG cryogenic storage tank.
• In October 2020, Chemie-Tech was awarded an EPCC contract from HPCL Rajasthan Refinery Ltd (HRRL) for Cryogenic Double Wall Storage Tanks (DWST) along with the associated facilities at HPCL Rajasthan Refinery Ltd in Rajasthan, India.

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Market Segments Covered in Cryogenic Systems Market Analysis

By Cryogen:

• Nitrogen
• Oxygen
• Argon
• LNG
• Other Cryogen

 By End Use:

• Energy & Power
• Chemicals
• Metallurgy
• Electronics
• Shipping
• Other End-Use

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global scissor lifts market is expected to grow at a 3.5% CAGR until 2031. Scissor lifts are an aerial work platform access equipment that is used for safe and effective elevated material handling in a variety of industries.

The global scissor lifts market is undergoing substantial transformation as it shifts from mature, saturated markets such as North America and Western Europe to growing economies such as China, ASEAN, and other South East Asia & Pacific countries. The thriving construction industry in developing countries is a primary driver of this expansion.

Future Market Insights (FMI), an ESOMAR-certified market research and consultancy business, gives insights into key drivers driving demand for scissor lifts in its new study. The research tracks global scissor lift sales in 20+ high-growth markets, as well as the influence of COVID-19 on the end-use industry in general, and scissor lifts in particular.

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With rental companies playing a pivotal role in the scissor lifts market, organization in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.

Key Takeaways from Scissor Lifts Market Study

• Scissor lift market will expand at a steady pace, exhibiting 3.5% CAGR between 2021 and 2031
• The U.S. is expected to account for over 40% sales of scissor lifts
• U.K. will remain key market in Western Europe
• Germany and France will continue exhibiting high demand backed by rising construction activities
• Sales in Japan and South Korea to increase at a positive pace

“In addition to keeping long-term alliance with their key buyers, companies are offering training courses for operators and focusing on expanding their product range by including electric, hybrid or bi-energy scissor lifts to cater the growing demand for aerial work platforms across the world” said a lead FMI analyst.

What’s the Future Outlook?

Growing shift towards hybrid lift development which help rental fleet owners to leverage the flexibility of scissor lift performance for higher utilization and longer term rentals is set to be remain as prominent force in shaping the scissor lifts market.

Who is winning?

Some of the leading companies operating in the scissor lifts market are Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, and Zhejiang Dingli Machinery Co, Ltd. These companies are incorporating new environmental-conscious technologies. Along with this, they are fine-tuning their expansion strategies to gain competitive edge.

For instance, Haulotte announced launching two new mobile elevating work platforms that have fully electric architecture to offer excellent performance, while reinforcing direction taken by the company towards environmentally friendly alternative energies.

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Scissor Lifts Market Key Segments

Platform Height

• Up to 30′
• 30′ – 50′
• More than 50′

Ownership

• AWP Rental Service Providers
• End-Use Industries
  • Construction
  • Entertainment
  • Commercial
  • Manufacturing
  • Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• SEA
• MEA

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global aircraft ground support equipment market is anticipated to grow at a CAGR of 6.5% between 2021 and 2031, reaching a market volume of roughly 27,000 units by the end of 2031, according to Future Market Insights (FMI), an ESOMAR-certified consulting firm.

Ground support equipment is in high demand as a result of new airport construction and rising international air traffic. The market was completely altered by the introduction of electric and hybrid ground support equipment.

These gadgets increase aircraft efficiency and reduce costs in addition to reducing emissions. Between 2020 and 2021, the market for ground support equipment expanded at a healthy CAGR of 6.6%.

According to Future Market Insights (FMI), the global ice cream processing equipment sales will increase at a CAGR of more than 3.7% over the next ten years, reaching a market valuation of US$ 2.1 billion by 2021 and beyond.

The production of automated ice cream machinery has expanded in tandem with the increased demand of ice cream and other dairy products. Changing eating habits and the need for new ice cream flavours have prompted firms to invest in modern automated ice cream making gear.

Following the outbreak of COVID-19, the market registered year-on-year (YoY) growth at 3.5% CAGR during 2021-31.

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Relaxation of stringent restrictions imposed during the pandemic has helped in the gradual recovery of the food sector. This is expected to bode well for the global market.

During the FQ-20, surging demand from consumers for packaged ice cream and desserts has helped the market to sustain growth. In the following years, growth will continue on account of the increasing demand for low-fat and organic ice cream.

Backed by this, the market is expected to reach a shipment of 56,000 units during the forecast period.

Key Takeaways from FMI’s Ice cream Processing Equipment Market Study

• In terms of product type, the hard ice cream processing equipment segment is expected to lead the market
• The continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period
• Molding equipment is expected to register the fastest growth based on equipment type, followed by the extrusion equipment
• India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
• China is expected to be one of the most lucrative countries in East Asia for the ice cream processing equipment market
• The U.S. is anticipated to retain its dominance, registering steady growth at over 3.6% CAGR during the forecast period
• Italy and Germany are identified as key producers and will spearhead the growth of Europe’s ice cream processing equipment market
• South Korea and Japan, collectively, are expected to register growth at 4% CAGR in 2021

“Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst.

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Vendor Landscape

The global ice cream processing equipment market is highly fragmented owing to the presence of numerous local and established players.

Future Market Insights has identified some key players in the market such as ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd among others.

Leading players in the market are establishing new plants and introducing new products to gain a competitive edge in the industry. Forming alliances with key companies and local players is another strategy adopted by key manufacturers to sustain their position.

For instance, in June 2021, ice cream producer Dreyer’s Grand Ice Cream announced the expansion of its two production lines for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.

Also, according to Future Market Insights, Tetra Pak is one of the leading players dominating the ice cream processing equipment market. Tetra Pak specializes in complete solutions for processing, packaging, and distributing food products, especially popular for ice cream and cheese products.

A few years back Tetra Pak launched a high-capacity extrusion line most efficient solution for the large-scale production of ice cream sticks and sandwiches. This company has the most and highest efficient continuous freezer and high precision cutting equipment that guarantees a uniform product with high stability and effective temperature control at every stage, perfecting the product thickness.

As per FMI, currently, Tetra Pak holds the majority of the ice cream processing equipment market share of over 7% and is dominating the global market.

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Ice Cream Processing Equipment Market by Category

By Equipment Type:

• Mixing Equipment
• Continuous Freezers
• Filling Freezers
• Homogenizers
• Extrusion Equipment
• Molding Equipment

By Product Type:

• Soft Ice Cream Processing Equipment
• Hard Ice Cream Processing Equipment

By Operation:

• Automatic
• Semi-Automatic

By Region:

• Americas
• Greater China
• Europe & Central Asia
• southeast Asia & Oceania
• Middle East & Africa

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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200 Continental Drive, 
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The study titled ‘Aircraft Sequencing System Market – Global Industry Analysis 2013 to 2017 and Market Forecast 2018 to 2027’ was produced by Future Market Insights (FMI). The global aircraft sequencing system market is predicted to grow at a strong 11.5% CAGR over the forecast period, owing mostly to rising air traffic and steadily improving commercial airline spending globally.

Developed Markets Maintain Top Ranking Positions; APAC and MEA Aircraft Sequencing System Markets to Show Remarkable Growth

While North America and Europe will continue to be the most important regional hubs for aircraft sequencing market companies in the coming years, developing countries in APAC and MEA have been identified as interesting investment destinations for aircraft sequencing system market players. Apart from a substantial contribution to the global air traffic and trade, strong presence of prominent vendors is cited as an important factor accounting for top position of North America’s market for aircraft sequencing system.

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Aircraft sequencing system market in Asia Pacific is estimated to witness promising growth in coming years, with governments of fast developing economies such as China and India augment their aviation spending. Increasing trade activities involving some of the other prominent Asian countries such as Australia, Singapore, Malaysia, and others will also contribute heavily to the growth of aircraft sequencing system market within APAC.

MEA’s aircraft sequencing system market is likely to emerge lucrative in line with the flourishing tourism industry within the region. Moreover, the increasing spending on military airports and growing usage of airfreight transportation will strongly boost the aircraft usage in MEA, further pushing the revenue growth of aircraft sequencing systems market.

Thriving World Trade & International Business Relations to Accelerate Adoption of Aircraft Sequencing Systems

Air traffic is expected to increase during the forecast period, attributed to the increasing world trade among various countries including the US and UK, UAE, Kuwait, China, India, South Africa, Brazil, and others. Moreover, the number of airports in these countries is expected to increase due to increasing world trade.

Furthermore, international business relations are becoming stronger due to globalization and the expansion of MNCs. The aforementioned factors are expected to significantly contribute to the growth of the aircraft sequencing system market during the forecast period.

Long-term Contractual Agreements to Trend in Competition Landscape of Aircraft Sequencing System Market

According to FMI’s analysis, some of the market participants in the global aircraft sequencing system market report include Harris Corporation, Amadeus IT Group SA, ATRiCS Advanced Traffic Solutions, GmbH & Co. KG, Thales Group, Eurocontrol, Airtopsoft (Transoft Solutions Inc.), PASSUR, Aerospace, Collins Aerospace (United Technologies), ADB SAFEGATE (Carlyle Group), and Copperchase Limited.

In addition to focusing on delivering seamless customer experience round the clock, key companies in the aircraft sequencing system market are emphasizing long-term contracts with the end users of aircraft sequencing systems. The latter is likely to remain a prominent developmental strategy in the competitive landscape of global aircraft sequencing systems market, according to the report, and will supplement efforts of companies in revenue generation through innovations.

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Key Segments for the Aircraft Sequencing System Market:

By Component

• Software
• Services

By Type of Airport

• Domestic
• International

By Application

• Commercial
• Military
• Training Institute

 Regions Covered in the Aircraft Sequencing System Market Report:

• North America
• Latin America
• Europe
• APEJ
• Japan
• MEA

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

Contact:

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The global military parachute market is currently worth US$ 1.35 billion and is expected to be worth US$ 2.3 billion by 2032, growing at a 5.5% CAGR between 2022 and 2032.

With increased applications of parachutes in various military activities, as well as developments in parachute technology, the military parachute market is expected to rise significantly throughout the forecast period.

The military parachute vertical is increasing its investment in new advancements that will aid in the expansion of its product portfolio. Furthermore, the reality that countries all over the world are experiencing an increase in the number of conflicts cannot be overlooked. On this front, technological advances include the use of lightweight material, as well as GPS systems, recovery parachutes, and drogue chutes. The ongoing Russia-Ukraine conflict has also prompted countries to seek military parachutes.

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At the same time, restraints may come through in the form of multiple testing methodologies and standards, with flammability requirements not very clearly defined. Along these lines, the US is in adherence with ASTM, NFPA or ISO standards, The EU and UK have BS EN/BS EN ISO standards. The developing economies are onto having different testing processes. As an outcome, the producers do find it tad difficult providing products to military parachute market. Besides, overstocking of the parachute inventories is another factor impeding the military parachute market. Future Market Insights has, with the help of its team of analysts and consultants, walked through these facts with future perspectives in its latest market study entitled ‘Military Parachute Market’.

Key Takeaways from Military Parachute Market

• North America holds the largest market share due to the US being home to significant manufacturers of parachutes like Mills Manufacturing, BAE System Plc, and Airborne Systems.
• Europe holds a noteworthy market share due to the region being subject to substantial investment in production of parachutes.
• The Asia-Pacific is expected to account for more than 30% of the market share in the forecast period due to increasing spending on defense equipment in the upcoming period.

“With two ongoing key applications of military parachutes in cargo and military, the military parachute market is expected to grow on an unstoppable note in the near future”, says an analyst from Future Market Insights.

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Competitive Landscape

• The Airborne Systems (US), in the year 2020, tabled their Multi Mission Parachute System, which comes across as the high performance and advanced parachute system.
• India’s DRDO (Defense Research and Development Organization), in the year 2020, put forth the P7 Heavy Drop System capable of dropping stores close to 7-ton weight, that too, from IL-76 Aircraft. The system is entirely an Indian make. L&T has manufactured the platform systems and Ordinance factory has made round parachutes.
• Lockheed Martin signed a contract worth US$ 62 Mn in July 2021 for supplying drag chute systems and supply parachutes for F-35 Lightning II combat planes. As per the contract, 56 drag chute systems and 190 parachutes are to be procured for FMS (Foreign Military Sales) and non-DOD players.
• The US Airborne and Special Operations Test Directorate (ABNSOTD), in January 2021, tested new T-11R Single Pin Troop reserve parachute from fixed-wing as well as rotary high-performance aircraft. Successful testing did facilitate reserve parachute’s mass induction. Thus, premature reserve activations could be averted.
• The US Army, with the objective of reducing malfunctions, started testing a new-fangled backup parachute since January 2021. As of now, primary static-line of the US Army is T-11 ATPS (Advanced Tactical Parachute System), which is into operations since the year 2007. Test jumpers, to perform 23 risk-reduction jumps with new T-11R Single Pin Troop reserve platform parachute, were employed. This testing happened from fixed-wing as well as rotary-wing aircraft.
• UWF researchers, on July 29, 2020, started working with SoarTech, US Navy for evaluating the parachute training system.

Some of the Key Players Operating in Military Parachute Market Include

• Airborne Systems
• Butler Parachute Systems
• Cimsa Ingenieria De Sistemas, S.A.
• Complete Parachute Solutions, Inc.
• Fujikura Parachute CO., LTD.
• FXC Corporation

What does the Report Cover?

• Future Market Insights offers an exclusive perspective and various real-time insights on the military parachute market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
• The research study is based on product type (round type parachute, cruciform parachute, ribbon and ring/annular, and ram air parachute), and by application (personnel parachutes and cargo parachutes)

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Key Segments Covered in the Military Parachute Market Report

By Product Type:

• Round type Parachute
• Cruciform Parachute
• Ribbon and ring/ Annular
• Ram air parachute

By Application:

• Personnel parachutes
• Cargo Parachutes

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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