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Global Parachute Drone Market Size Study & Forecast, By Type (Spring Release Deployment, Sling/Catapult Release Deployment, Pyrotechnic Deployment, Compressed gas Deployment) By Application (Cargo Transportation, Agriculture, Oil & Gas, Entertainment & Media & Mapping, Military and defense, Others) By Drone Type (Fixed Wing, Rotary Wing) By Capacity (1.27kg - 12.4kg, 2.5kg - 20kg, 12.7kg - 52kg or more) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GBE137725C79EN
Bizwit Research & Consulting LLP

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Global Parachute Drone Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Parachute Drone is a type of unmanned aerial vehicle (UAV) or drone equipped with a parachute system. This system allows the drone to deploy a parachute in emergencies, such as loss of control, mechanical failure, or battery depletion. The parachute serves as a safety measure to slow down the descent of the drone, preventing or minimizing damage upon landing and potentially protecting bystanders or property below. The Parachute Drone market is expanding because of factors such as the rising demand for commercial drones and the growing adoption of parachute drones in smart farming techniques. Parachute drones are commonly used in various industries, including photography, videography, surveying, search and rescue operations, and delivery services, where safety and reliability are paramount concerns. As a result, the demand for Parachute Drone has progressively increased in the global market during the forecast period 2023-2030.

Parachute systems can significantly reduce the risk of damage to property or injury to people in case of drone malfunction or failure. This risk mitigation aspect becomes increasingly important as commercial drones are used in more diverse and populated environments. Businesses and organizations using drones for various purposes, such as delivery, surveillance, or inspection, would prioritize safety measures like parachute systems to minimize liability and protect their assets. According to Statista, the global commercial drone market accounted for USD 2367.22 million in 2020 and is projected to reach up to USD 12647.2 million by the year 2025. Furthermore, the growing demand for commercial drones indicates a diversification of drone applications across industries such as agriculture, construction, logistics, and emergency services. Parachute systems enable drones to operate in more challenging environments and perform tasks that require flights over sensitive areas or in proximity to people. Another important factor that drives the Parachute Drone market is the increasing demand for parachute drones in smart farming techniques. Parachute drones equipped with various sensors and cameras can be used for efficient crop monitoring. They can capture high-resolution images of fields, helping farmers identify areas that require attention such as pest infestations, disease outbreaks, or nutrient deficiencies. This leads to better-informed decision-making and improved crop management practices. In addition, as per Statista, the global market value of smart farming accounts for USD 15 billion in 2022 and is projected to reach up to USD 33 billion by 2027. Moreover, technological advancements associated with parachute drones and the increasing trend of aerial photography are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of parachute drones and lack of operational expertise are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Parachute Drone Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the standard guidelines for commercial drone operations in the region. Parachute drones are designed to enhance safety in drone operations by providing a fail-safe mechanism in case of emergencies such as motor failure or loss of control. Standard guidelines ensure that such safety features are integrated into drone operations, thereby encouraging the adoption of parachute drones. The region’s dominant performance is anticipated to propel the overall demand for Parachute Drone. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the expansion of commercial drone applications in the region. Commercial drones offer opportunities for manufacturers and inventors of parachute drone systems to meet the growing need for safety-enhancing technologies into various sectors such as e-commerce, logistics, agriculture, and public safety. This, in turn, drives innovation and investment in parachute drone technology, resulting in additional developments and improvements in safety and performance.

Major market players included in this report are:

Skygraphics AG

Drone Rescue Systems GmbH

Butler Parachute Systems Inc.

Mars Parachutes Inc.

Indemnis, Inc.

Parazero Technologies Ltd.

GALAXY GRS s.r.o.

CIMSA Ingenierнa de Sistemas, S.A.

Opale Aero System SARL

AltoMaxx Technologies Inc.

Recent Developments in the Market:
  • In March 2024, Aerial Vehicle Safety Solutions Inc., a leading provider of drone Parachute Recovery Systems (PRS) and UAV flight termination systems, introduced the PRS-M3DT, a new PRS for the DJI Dock 2. The PRS-M3DT comes with a Parachute Recovery System, a Flight Termination System (FTS), an Automatic Triggering System (ATS), a Manual Triggering Device (MTD), and documentation in accordance with EASA 2512 and ASTM F3322. The PRS-M3DT for the DJI Dock 2 features a plug-and-play design and is compatible with both the DJI M3DT and DJI M3D.
  • In May 2023, ParaZero, a global leader in autonomous safety systems for commercial drones and urban air mobility aircraft, teamed up with Parallel Flight Technologies, a heavy-lift drone, and hybrid propulsion technology provider based in the United States, to integrate customized SafeAir parachute safety systems into Parallel Flight Technologies' flagship heavy-lift, long-endurance UAV, Firefly.
Global Parachute Drone Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type, Application, Drone Type, Capacity, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Spring Release Deployment

Sling/Catapult Release Deployment

Pyrotechnic Deployment

Compressed gas Deployment

By Application

Cargo Transportation

Agriculture

Oil & Gas

Entertainment & Media & Mapping

Military and defense

Others

By Drone Type

Fixed Wing

Rotary Wing

By Capacity

1.27kg - 12.4kg

2.5kg - 20kg

12.7kg - 52kg or more

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Parachute Drone Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Parachute Drone Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Parachute Drone Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Parachute Drone Market, by Drone Type, 2020-2030 (USD Billion)
  1.2.5. Parachute Drone Market, by Capacity, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL PARACHUTE DRONE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL PARACHUTE DRONE MARKET DYNAMICS

3.1. Parachute Drone Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising Demand for Commercial Drones
    3.1.1.2. Growing Adoption of Parachute Drones in Smart Farming Techniques
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Parachute Drone
    3.1.2.2. Lack of Operational Expertise
  3.1.3. Market Opportunities
    3.1.3.1. Technological Advancements Associated with Parachute Drones
    3.1.3.2. Increasing Trend of Aerial Photography

CHAPTER 4. GLOBAL PARACHUTE DRONE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PARACHUTE DRONE MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Parachute Drone Market by Type, Performance - Potential Analysis
5.3. Global Parachute Drone Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Parachute Drone Market, Sub Segment Analysis
  5.4.1. Spring Release Deployment
  5.4.2. Sling/Catapult Release Deployment
  5.4.3. Pyrotechnic Deployment
  5.4.4. Compressed gas Deployment

CHAPTER 6. GLOBAL PARACHUTE DRONE MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Parachute Drone Market by Application, Performance - Potential Analysis
6.3. Global Parachute Drone Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Parachute Drone Market, Sub Segment Analysis
  6.4.1. Cargo Transportation
  6.4.2. Agriculture
  6.4.3. Oil & Gas
  6.4.4. Entertainment & Media & Mapping
  6.4.5. Military and defense
  6.4.6. Others

CHAPTER 7. GLOBAL PARACHUTE DRONE MARKET, BY DRONE TYPE

7.1. Market Snapshot
7.2. Global Parachute Drone Market by Drone Type, Performance - Potential Analysis
7.3. Global Parachute Drone Market Estimates & Forecasts by Drone Type 2020-2030 (USD Billion)
7.4. Parachute Drone Market, Sub Segment Analysis
  7.4.1. Fixed Wing
  7.4.2. Rotary Wing

CHAPTER 8. GLOBAL PARACHUTE DRONE MARKET, BY CAPACITY

8.1. Market Snapshot
8.2. Global Parachute Drone Market by Capacity, Performance - Potential Analysis
8.3. Global Parachute Drone Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
8.4. Parachute Drone Market, Sub Segment Analysis
  8.4.1. 1.27kg - 12.4kg
  8.4.2. 2.5kg - 20kg
  8.4.3. 12.7kg - 52kg or more

CHAPTER 9. GLOBAL PARACHUTE DRONE MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Parachute Drone Market, Regional Market Snapshot
9.4. North America Parachute Drone Market
  9.4.1. U.S. Parachute Drone Market
    9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Drone Type breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Capacity breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Parachute Drone Market
9.5. Europe Parachute Drone Market Snapshot
  9.5.1. U.K. Parachute Drone Market
  9.5.2. Germany Parachute Drone Market
  9.5.3. France Parachute Drone Market
  9.5.4. Spain Parachute Drone Market
  9.5.5. Italy Parachute Drone Market
  9.5.6. Rest of Europe Parachute Drone Market
9.6. Asia-Pacific Parachute Drone Market Snapshot
  9.6.1. China Parachute Drone Market
  9.6.2. India Parachute Drone Market
  9.6.3. Japan Parachute Drone Market
  9.6.4. Australia Parachute Drone Market
  9.6.5. South Korea Parachute Drone Market
  9.6.6. Rest of Asia Pacific Parachute Drone Market
9.7. Latin America Parachute Drone Market Snapshot
  9.7.1. Brazil Parachute Drone Market
  9.7.2. Mexico Parachute Drone Market
9.8. Middle East & Africa Parachute Drone Market
  9.8.1. Saudi Arabia Parachute Drone Market
  9.8.2. South Africa Parachute Drone Market
  9.8.3. Rest of Middle East & Africa Parachute Drone Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Skygraphics AG
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Drone Rescue Systems GmbH
  10.3.3. Butler Parachute Systems Inc.
  10.3.4. Mars Parachutes Inc.
  10.3.5. Indemnis, Inc.
  10.3.6. Parazero Technologies Ltd.
  10.3.7. GALAXY GRS s.r.o.
  10.3.8. CIMSA Ingenierнa de Sistemas, S.A.
  10.3.9. Opale Aero System SARL
  10.3.10. AltoMaxx Technologies Inc.

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Parachute Drone Market, report scope
TABLE 2. Global Parachute Drone Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Parachute Drone Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Parachute Drone Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Parachute Drone Market estimates & forecasts by Drone Type 2020-2030 (USD Billion)
TABLE 6. Global Parachute Drone Market estimates & forecasts by Capacity 2020-2030 (USD Billion)
TABLE 7. Global Parachute Drone Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Parachute Drone Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Parachute Drone Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Parachute Drone Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Parachute Drone Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Parachute Drone Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Parachute Drone Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Parachute Drone Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Parachute Drone Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Parachute Drone Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Parachute Drone Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Parachute Drone Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Parachute Drone Market
TABLE 72. List of primary sources, used in the study of global Parachute Drone Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Parachute Drone Market, research methodology
FIG 2. Global Parachute Drone Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Parachute Drone Market, key trends 2022
FIG 5. Global Parachute Drone Market, growth prospects 2023-2030
FIG 6. Global Parachute Drone Market, porters 5 force model
FIG 7. Global Parachute Drone Market, pest analysis
FIG 8. Global Parachute Drone Market, value chain analysis
FIG 9. Global Parachute Drone Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Parachute Drone Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Parachute Drone Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Parachute Drone Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Parachute Drone Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Parachute Drone Market, regional snapshot 2020 & 2030
FIG 15. North America Parachute Drone Market 2020 & 2030 (USD Billion)
FIG 16. Europe Parachute Drone Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Parachute Drone Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Parachute Drone Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Parachute Drone Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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