The global Unmanned Composites Market was valued at USD 1.1 Billion in 2019 and is expected to reach a value of 3.8 USD Billion by the year 2027
NEW YORK, NY, UNITED STATES, December 9, 2021 /EINPresswire.com/ — 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 Unmanned Composites Markets industry is continually reinventing itself with new processes, materials, and products. Unmanned Vehicle components & process companies are investing in new technologies to expand into the global market. A composite, as the name suggests, essentially consists of two or possiblay more distinct materials depending on the platform type of the component. The components and the materials could be polymeric, metallic, or ceramic, while the fiber could be made from carbon, boron, glass, or aramid. The unmanned composite materials market can be segmented on the basis of following sectors: Carbon fiber reinforced polymer (CFRP), Glass fiber reinforced polymers (GFRP), Boron fiber-reinforced Polymer (BFRP), and Aramid fiber reinforced Polymers (AFRP). CFRP is the primary composite used in the construction of unmanned systems, particularly UAV airframes. These composites consist of thermoset resins which are cured when subjected to heating and used along with carbon fiber as a structural component. They are much lighter than Glass Fiber Reinforced Polymer and stronger than metals. In 2019, The Unmanned Composite materials market has been evolving over the years owing to the subtly lightweight characteristics and properties of Composites. There is an increasing demand for lightweight and electric conductive composites due to its stability and durability. Also, disruptive technologies with respect to UAV play a major role in the future of the Aviation market, particularly in military applications.
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.
Key participants include 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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The key questions answered in the report:
What will be the size and growth rate in the forecast year?
What are the key factors driving the ?
What are the risks and challenges in front of the?
Who are the key vendors in the ?
What are the trending factors influencing the shares?
What are the key outcomes of Porter’s five forces model?
Which are the global opportunities for expanding the ?
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Research Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019 – 2027
Chapter 3. Indicative Metrics
3.1. Recent developments in Unmanned Composites Market
3.2. Current Applications of Unmanned Composites materials
3.3. Emerging Technologies and Innovation in Unmanned Composites Market
3.4. Global outlook of Composites Market for Unmanned Applications
Chapter 4. Unmanned Composites Segmentation & Impact Analysis
4.1. Unmanned Composites Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. DROC’s Analysis
126.96.36.199. Market Drivers Analysis
188.8.131.52.1. Increasing Need for Weight Reduction in Unmanned Systems
184.108.40.206.2. Improved Performance of Unmanned Systems with the use of Composite Materials
220.127.116.11.3. Increased Reliability & Durability with Composite Materials
18.104.22.168. Market restraint analysis
22.214.171.124.1. High Manufacturing Cost of Unmanned Systems using Unmanned Composite Materials
126.96.36.199.2. Lack of Standardization in Composite Materials
188.8.131.52. Market Opportunities Analysis
184.108.40.206.1. Growing Demand of Unmanned Systems using Composite Materials in Commercial Market
220.127.116.11. Market Challenges Analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Threat of New Entrants
18.104.22.168. Capital Requirement
22.214.171.124. Product Knowledge
126.96.36.199. Technological Knowledge
188.8.131.52. Customer Relations
184.108.40.206. Access to Raw Material and Technology…
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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
Glass Fiber Reinforced Polymer
Boron Fiber Reinforced Polymer
Aramid Fiber Reinforced Polymer
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.)
Light Weight Vehicles
Heavy Weight Vehicles
High Capacity Electric Vehicles
Work Class Vehicles
Heavy Work Class Vehicles
Application Type (Revenue, USD Million; Volume in Kilo Tons, 2017–2027)
Regional Outlook (Revenue in USD Million; Volume in Kilo Tons, 2017–2027)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Rest of MEA
Rest of LATAM
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