Aerospace and Defense

  The Global Parachute Market is rising due to the rise in the tourism and aerial activities like skydiving, bungee jumping, etc and the innovations in the parachute industry for military purposes is driving the Global Parachute Market . According to TechSci Research report,  “ Parachute Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030 ” , The Global Parachute Market is growing due to the  popularity of extreme sports like skydiving and bungee jumping among those who enjoy adventure. Similarly, the nations worldwide are expanding their military capabilities and military exercises are also increasing the global market penetration of the parachute. One of the key factors driving the market is the increasing use of parachutes in the military and defense industries for troop distribution, transportation, and training. Parachutes are also used for ballistic purposes in microlights, light aircraft, and hang gliders. This, alon...