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Parachute Market Share, Global Trends, Size and Industry Forecast 2022-27

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According to the latest report by IMARC Group, " Global Parachute Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027 ", the global parachute market reached a value of US$ 564.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 809.6 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027. A parachute is a dome-shaped piece of equipment that delays the descent of a person or object by increasing air resistance and creating drag during free fall. It is made of canvas, kevlar, dacron, and strong and lightweight fabric, such as silk and nylon. It exhibits tear resistance, elasticity, weight, breaking strength, and air permeability properties. Owing to these benefits, parachutes are extensively adopted across the globe for sport skydiving, military uses, drag racing, airplanes, and space travel for slowing a returning space capsule after entering the atmosphere of the earth. Request to Get the Sample Report: h...