PUBLISHER: Market Research Future | PRODUCT CODE: 1679127
PUBLISHER: Market Research Future | PRODUCT CODE: 1679127
Global 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)), By Application (Interior And Exterior), By Platform (UAV, UGV, USV, AUV, ROV, Autonomous Ship, and Passenger Drone) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Market Forecast Till 2032
Over the course of the forecast period, the unmanned composites market is anticipated to increase at a compound annual growth rate (CAGR) of 17.2%. The main factors propelling the market expansion are the increased investment in composite materials by unmanned system makers and the enhanced performance of unmanned systems that use composite materials.
The unmanned composites market is expected to grow at a compound annual growth rate (CAGR) due to several factors, including increased deliveries of unmanned systems, improved performance of unmanned systems using composite materials, increased durability and reliability of composite materials, growing adoption of unmanned vehicles for commercial applications, and the development of a variety of unmanned aeronautical vehicles for the military. On the other hand, rising industrialist investment in the development of unmanned vehicles and a rise in product launches will both play a part by generating massive opportunities that will support the growth of the unmanned composite market during the previously mentioned projected period.
The growing demand for lightweight unmanned systems, enhanced compound unmanned system performance, and growing use of unmanned aerial vehicles for both military and commercial applications are some of the factors propelling the global market for compound unmanned systems. The market for composite unmanned materials may not expand as quickly, though, due to limitations including the high cost of producing unmanned devices built of composite materials and the lack of standardization of composite materials.
Perspectives on Market Segments
Carbon fiber reinforced polymer (CFRP), glass fiber reinforced polymer (GFRP), aramid fiber reinforced polymer (AFRP), and boron fiber reinforced polymer (BFRP) are among the types of unmanned composites that are included in the market segmentation.
Interior and outdoor applications are included in the market segmentation for unmanned composites. The growing need for lightweight unmanned systems, which is anticipated to fuel the segment's expansion, caused the interior segment to dominate the market in 2022.
According to the platform-based market segmentation, the unmanned composites market is split into two platforms. Autonomous vehicles include passenger drones, self-driving ships, unmanned aerial vehicles and drones (UAV), ground unmanned vehicles (UGV), surface unmanned vehicles (US), unmanned submersible vehicles (UUV), and remotely operated vehicles (ROV).
Regional Perspectives
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world by region. Because of the existence of well-known businesses like Excel Corporation and Teledyne Technologies Incorporated, North America controlled the unmanned composites market in 2022.
Due to the growing number of European firms offering urban air mobility solutions, the unmanned composites market in Europe now holds the second-largest market share. Additionally, the expansion of the regional unmanned composites sector is anticipated to be driven by autonomous ships. Furthermore, the UK unmanned composites market grew at the highest rate in the European region, while the German unmanned composites industry retained the largest market share.
From 2023 to 2030, the Asia-Pacific Unmanned Composites Market is anticipated to expand at the quickest compound annual growth rate (CAGR). This is because nations like China and India are spending more on their militaries. Furthermore, the unmanned composites market in China accounted for the highest proportion of the Asia-Pacific market, while the unmanned composites market in India grew at the fastest rate.
Hexcel Corporation (US), Toray Industries Inc. (Japan), Stratasys Ltd. (US), Teledyne Technologies Incorporated (US), Gurit (Switzerland), Solvay (Belgium), Owens-Corning (US), Lavoisier Composites (France), and Mitsubishi Rayon Co. Ltd. (Japan) are important players in the unmanned composites market.