Technavio’s most recent report for the projected skydiving trends for 2017-2021 provides in-depth analysis on the expected impact in the skydiving equipment market. An emerging trend, according to Technavio, is defined as having the potential to significantly impact the market and contribute to its growth or decline. The global skydiving equipment industry has been steadily growing over the last few years with no signs of slowing down.
This is mainly due to the rise in tourism, urbanization, evolving consumer lifestyles, increased awareness of new products, rising outdoor vacations and also a rise in dual-household levels. The increase in demand for outdoor adventure sports equipment, including skydiving equipment, has risen due to due to social media marketing. This has caused a spike in interest and participation in outdoor activities. According to Technavio consumer and retail research analysts:
The top three emerging trends are wearable cameras in air sports, improved technological features and an increasing importance of online reviews.
“Skydiving is an adrenaline-inducing activity with many associated risks,” said Brijesh Choubey, lead analyst at Technavio for research on retail goods and services. “These require great detailing for every step to ensure safety. When a skydiver decided to add a camera to its equipment list, it has potential risks of losing control, leading to catastrophic results. Therefore, extra vigilance and safety measures are required.”
Companies are beginning to design lightweight cameras that are wearable and pose less of a risk to skydivers.
They are also focusing on image stabilization features, such as electronic image stabilization (EIS) and optical image stabilization (OIS), to help with reducing shakiness and jittery shots. “The key competitors are continuously innovating their skydiving equipment in terms of materials, weight and quality,” Choubey said. “The demand for technologically advanced skydiving equipment from customers is constantly increasing. This is because of a rise in the complexities of natural environments and several risks associated with the sport.”
Fabric design, system engineering, mechanical design, control systems, rigging, and packing all play a large role in the advancement of technological innovations. One of today’s greatest advancements is the automatic activation device (AAD). This is a mechanical device that opens the reserve parachute if the skydiver is unable to open the main parachute. It is a crucial part of the modern skydiving equipment system.
Nowadays, people tend to look for online reviews before making any medium to large scale purchase.
This includes looking for a place to spend a vacation. Online reviews have helped tourism and travel immensely, making planning a holiday much more convenient. This also helps travelers plan activities during their vacations. Travelers are now more likely to try out a new adventure sport than ever before. Online reviews provide direct access to photos, videos, maps, guides and even weather reviews.
It helps tourists feel more confident in their planned activities and maybe even more adventurous.
With the new trends emerging in the skydiving equipment market, it looks as though the extreme sport will continue to grow over the next several years.