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2026-05-15 10:25:16 -

LAPES Parachute System Industry Growing at 4.7% CAGR Through 2034

According to a new report from Intel Market Research, the global Cargo Extraction (Low Velocity, LAPES) Parachute System market was valued at USD 0.28 billion in 2025 and is projected to reach USD 0.42 billion by 2034, growing at a robust CAGR of 4.7% during the forecast period. This growth is propelled by ongoing defense modernization programs, rising emphasis on distributed operations in...

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