Unmanned Composites Market Analysis Upcoming Trends, Segmented By Type, Application, End-User And Region

 Unmanned Composites Market Research Report: Information by Type [Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP) and Boron Fiber Reinforced Polymer (BFRP)], Application (Interior and Exterior), Platform (UAV, UGV, USV, AUV, ROV, Autonomous Ship and Passenger Drone) and Region (North America, Europe, Asia-Pacific, Middle East and Rest of the World) - Forecast till 2027

Market Forecast

Global Unmanned Composites Market is projected to be valued at USD 3,140 Million by 2026, registering a CAGR of 16% from 2020 to 2026.

 

The reliability and durability of composite materials have significantly contributed to the expansion of the unmanned composites market. Growing competition owing to the presence of several players in the market has led unmanned composites providers to focus on innovation. Furthermore, increasing mergers & acquisitions undertaken by companies is also expected to drive market growth during the review period. For example, in July 2018, Teijin Limited acquired J.H. Ziegler GmbH, which enabled the company to strengthen its presence in the global unmanned composites market.


However, issues related to recyclability and lack of standardization in composite materials might hamper the growth of the Unmanned Composites Market.


Market USP


The increasing use of composite materials to increase the durability and reliability of unmanned systems and increasing demand for lightweight unmanned systems among end-users are expected to drive the growth of the market.


Growth Opportunities in the Market


Carbon fiber reinforced polymer (CFRP) segment to register the highest CAGR: The segment is expected to register the highest CAGR during the study period. There is an increase in demand for lightweight and cost-effective unmanned system components from OEMs around the world. The carbon fiber is a combination of carbon atoms that are aligned parallel to the main axis of the filament, which provides durability to the structure and is convenient to use in all the commercial applications. Such factors are driving the growth of the CFRP segment during the forecast period.


The exterior segment is expected to be the fastest-growing during the forecasted period: The exterior segment is projected to witness the higher CAGR during the study period. The demand for composite materials from unmanned system manufacturers has been increasing significantly. Exterior structures made using legacy materials are likely to be replaced by composite materials. OEMs prefer using composite materials, such as carbon fiber, for manufacturing airframe structures in UAVs, UGVs, and USVs, which is, in turn, is driving the growth of the segment.


Unmanned Aerial Vehicle (UAV) segment is expected to dominate the market: The UAV segment dominated the market in 2019. UAVs, also commonly known as drones, are widely used in various military missions. The rise in the demand for military UAVs for applications such as aerial surveillance, law enforcement, search and rescue, armed attacks, surveillance, and maritime patrol is expected to drive the growth of the segment. These UAVs use special composites like boron fiber and aramid fiber, due to which the demand for composites is increasing.



Key Players

  • Hexcel Corporation (US)
  • Toray Industries, Inc. (Japan)
  • Stratasys Ltd. (US)
  • Teledyne Technologies Incorporated. (US)
  • Gurit (Switzerland)
  • Solvay (Belgium)
  • Owens-Corning (US)
  • Lavoisier Composites (France)
  • Owens-Corning (US)
  • Mitsubishi Rayon Co. Ltd. (Japan)

Other Prominent Players

  • Materion Corporation (US)
  • Renegade Materials Corporation (US)
  • Teijin Limited (Japan)
  • Unitech Composites Inc. (US)
  • Carbon by Design (US)
  • Quantum Composites Inc. (US)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/unmanned-composites-market-9652

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more