Military Parachute Market Worth 1.21 Billion USD by 2020, at a CAGR of 5.92%
The global military parachute market is estimated to register a market size of USD 1.21 Billion by 2020, witnessing a CAGR of 5.92% from 2015 to 2020. The bulk of the demand for parachutes has been propelled by its deployment for military activities with defense sector being the largest consumer. The growth in demand for parachutes will further be aided by the increase in rate of conflicts globally, increasing use of UAVs for ISR activities, and increasing use of parachutes...
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