As the name suggests, this is a huge crew dragon parachute that can hold the entire crew in case of an emergency or safe landing from space. Safety has been the major issue so far with airline companies in commercial, private and government sector. At present, the commercial aircraft do not have parachutes for their passengers, so as to save them in the air in case of an emergency. Strong and rapid research & development is being carried out to find a solution. Companies like Boeing and SpaceX’s are working to find a solution and the government organizations like NASA is investing heavily to get a better option for their astronauts to land them safely from space. Considering these facts, the dragon crew capsule parachutes market or commercial crew parachutes market is expected to experience huge development and growth in the coming years. It would take about 2-3 years for these dragon crew capsule parachutes to get commercialized.
Recent accidents, for example, Sukhoi Superjet 100 bouncing several times on and off the runway as it tries to land at Moscow's Sheremetyevo airport. Moscow crash landing, SU1492 exploded into a fireball. This raises safety concerns regarding commercial aircraft. Flying from Moscow to the northern Russian city and this happened at Moscow's Sheremetyevo airport. Only 37 people out of the 78 on board survived. These crashes such as Sukhoi Superjet 100 at Moscow's Sheremetyevo airport is an accident which inculcates the feeling of an unsafe safe journey; its solution seems to be unexpected without a commercial crew parachute. Individual parachutes seem to be almost impossible but NASA, SpaceX, and Boeing working hard to have dragon crew capsule parachute, wherein safety would not go for a toss.
The recent tests for one commercial crew vehicle have heightened awareness that there are heavy challenges associated with this project and this is acting as an inhibiting factor for the market at present. In the test, the parachutes did not work as designed or expectation. However, the impact of this restraint is expected to diminish soon with rapidly moving research & development. The organizations such as NASA is soon expected to cope with the issues related to these dragon crew parachute.
The dragon crew parachute market can be segmented by material type, component, sector (commercial, private and government), capacity and geography. Primarily, the U.S. is the major market at present but in coming years other countries are expected to work on this technology and develop their own manufacturing base. However, the U.S. market is an opportunistic market currently and is expected to grow by leaps and bounds in the coming years. The companies from other countries are also expected to get pulled in this project, seeing the huge opportunity in the coming years. Boeing, SpaceX, and NASA are the key players currently working on these crew dragon parachutes across its technologies to have a better option for the safety of people flying in an aircraft, whether commercial, private or government. Individual parachutes seem to be almost impossible but NASA, SpaceX, and Boeing working hard to have crew dragon commercial capsule parachute, wherein safety would not go for a toss.