Report Overview:
A ballistic parachute is an emergency safety system deployed through pyrotechnic activation, designed to provide rapid descent control for aircraft and drones during critical failures. These parachutes utilize small explosive charges to ensure immediate deployment, significantly reducing reliance on manual activation and reaction time.
The market growth is primarily driven by increasing safety regulations in aviation and the rapid expansion of drone applications. North America currently dominates with 20% market share due to stringent aviation safety standards, while the 10-20FT parachute segment leads product categories with over 30% adoption. Key manufacturers like Ballistic Recovery Systems and GALAXY GRS continue to innovate, with recent developments focusing on lightweight composite materials and AI-powered deployment systems for UAV applications.
Market Value:
The global ballistic parachute market size was valued at USD 21.5 million in 2024. The market is projected to grow from USD 24.1 million in 2025 to USD 47.3 million by 2032, exhibiting a CAGR of 12.2% during the forecast period.
12.2% (2024 – 2032)
