Increasing adoption of Unmanned Composites in military and aviation due to its light-weight materials and increasing demand various end-use industries, especially from the aviation and automotive industries, are key factors contributing to a high CAGR of the Unmanned Composite market during the forecast period.
Market Size – USD 1.1 Billion in 2019, Market Growth – CAGR of 16.8%, Market Trends – increasing demand from UAV and USV widening the scope for Unmanned Composites Market.
According to the current analysis of Reports and Data, the global Unmanned Composites market was valued at USD 1.1 Billion in 2019 and is expected to reach USD 3.8 Billion by the year 2027, at a CAGR of 16.8%.
An unmanned system is a self-piloted or remote machine which is prepared with all the required sensors, data processing centers, automatic control, and also the advanced communication systems. This system is very much capable of performing various operations such as military missions, rescue missions, civilian surveillance, and also used in law enforcement. Based on their application, unmanned systems can be categorized into the Unmanned aerial vehicle (UAV), Unmanned Ground Vehicle (UGV), Unmanned Surface Vehicle (USV), Autonomous Underwater Vehicle (AUV), Remotely Operated Vehicle (ROV), and other few categories. The key objective behind manufacturing them is to derive excellent mechanical properties, durability, and cost-effectiveness with respect to manufacturing and maintenance, without adding any weight. The composite construction is a natural fit for an unmanned system on account of its ability to impart properties such as stiffness and strength while reducing the system’s overall weight.
The market is expected to rise globally at a moderate rate due to the well-performing industries starting from aviation, automotive, military, marines etc. Major players are identifying countries in the North-America region as high-end technology and light-weight materials are used in the product. As a result, these countries are constantly growing at a rapid pace as manufacturing hubs for many industries. High investments in Aviation, Military and Marines will see increased demand for UAV, UGV, USV and AUV applications and also in CFRP and other materials, thereby increasing the demand for Unmanned Composites Market.
Prominent players in the market: Unitech Aerospace, Toray Industries Inc., Teledyne, Stratasys Ltd., Teijin Ltd., Solvay, Renegade Material Corporation, Quantum Composites, Hexcel Corporation, Carbon by Design
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Further key findings from the report suggest
- As of 2019, Carbon Fiber-reinforced Polymer is the leading type segment of the global Unmanned Composites Market. This segment is projected to register the fastest growth with the highest CAGR during the forecast period due to its rising preference in end-use applications
- The UAV and USV platform type in Unmanned Composites Markets segment has also shown the highest growth trend in 2019 and is expected to maintain the position during the forecast period
- The application type of Interior and exterior type of Unmanned Composites Markets accounted for the most significant market share in 2019 and a significant growth rate during 2019-2027. It is projected to maintain its lead with a significant CAGR during the forecast period
- The AUV and ROV segment is the fastest-growing segment, registering the highest CAGR followed by the automotive segment which held the chief position in the Unmanned Composites Market
- The North-America region accounted for the most significant market share in 2019. This region is proposed to remain the dominant regional segment with a CAGR of 17.1% during 2020-2027. The European region is the fastest-growing economy, which is projected to drive the global Unmanned Composites Market.
- Both Asia-Pacific and MEA regions are forecasted to show significant growth over the coming years
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For the purpose of this report, Reports and Data have segmented the Unmanned Composites Market on the basis of type, platform, application, and region:
Type (Revenue, USD Million; Volume in Kilo Tons, 2017–2027)
- Carbon Fiber Reinforced Polymer
- Carbon Fibre
- Glass Fiber Reinforced Polymer
- Glass Fibre
- Boron Fiber Reinforced Polymer
- Boron Fibre
- Aramid Fiber Reinforced Polymer
- Aramid Fibre
Platform Type (Revenue, USD Million; Volume in Kilo Tons, 2017–2027)
- Class II (150-600kg)
- Class III (>600kg)
- Medium (200-500 Lbs.)
- Large (500-1,000 Lbs.)
- Very Large (1,000-2,000 Lbs.)
- Extremely Large (>2,000 Lbs.)
- Extra Large
- Man-Portable Vehicles
- Light Weight Vehicles
- Heavy Weight Vehicles
- Large Vehicles
- Small Vehicles
- High Capacity Electric Vehicles
- Work Class Vehicles
- Heavy Work Class Vehicles
- Passenger Drones
- Autonomous Ship
Application Type (Revenue, USD Million; Volume in Kilo Tons, 2017–2027)
Regional Outlook (Revenue in USD Million; Volume in Kilo Tons, 2017–2027)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Key Questions Answered In The Report
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the global Unmanned Composites market?
- What are the risks and challenges in front of the market?
- Who are the key players in the global Unmanned Composites market?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the global Unmanned Composites market?
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Table of Contents:
- Global Unmanned Composites Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Market Effect Factors Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Global Unmanned Composites Market Forecast
- Global Unmanned Composites Market Analysis by Application
- Manufacturing Cost Analysis
- Marketing Strategy Analysis, Distributors/Traders
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