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The Military & Commercial Parachutes market was valued at $862.7 Million in 2023, and is projected to reach $1,215.0 Million by 2030 growing at a CAGR of 5.07% from 2024 to 2030. Cruciform segment is expected to be the highest contributor to this market, with $341.0 Million in 2023, and is anticipated to reach $455.7 Million by 2030, registering a CAGR of 4.28%. Round segment is anticipated to reach $254.8 Million by 2030 with the highest CAGR of 6.56%. Cruciform and Ram-air segments collectively expected to account for about 63.2% share of the Military & Commercial Parachutes market in 2023, with the former constituting around 39.5% share. Round and Ram-air segments are expected to witness significant growth rates at a CAGR of 6.56% and 6.33% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 42.6% in the overall Military & Commercial Parachutes market in 2023, and is anticipated to reach 46.7% by 2030. Type Round Cruciform Ram-air Other Types Application Troop/Personnel Cargo/Extraction Deceleration Emergency Other Applications BY REGION North America U.s. Canada Europe Germany U.k. France Italy Spain Rest of Europe Asia China Japan South Korea India Indonesia Rest of Asia Middle East & Africa Brazil Mexico South Africa Australia Rest of MENA