Unmanned Systems Fiber Reinforced Polymer

Unmanned Systems Fiber Reinforced Polymer

Global Unmanned Composites Market to Reach $3.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Unmanned Composites estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2027, growing at a CAGR of 15.4% over the analysis period 2020-2027. Carbon Fiber Reinforced Polymer (CFRP), one of the segments analyzed in the report, is projected to record a 16.7% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Fiber Reinforced Polymer (GFRP) segment is readjusted to a revised 13.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $354.3 Million, While China is Forecast to Grow at 14.4% CAGR

The Unmanned Composites market in the U.S. is estimated at US$354.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$571 Million by the year 2027 trailing a CAGR of 14.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.9% and 13.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.

Aramid Fiber Reinforced Polymer (AFRP) Segment to Record 11.9% CAGR

In the global Aramid Fiber Reinforced Polymer (AFRP) segment, USA, Canada, Japan, China and Europe will drive the 11.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$29 Million in the year 2020 will reach a projected size of US$63.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 46 Featured) -

• Cytec Solvay Group
• Gurit Holding AG
• Hexcel Corporation
• Morgan Advanced Materials PLC
• Owens Corning
• Quadrant AG
• Royal Ten Cate NV
• Stratasys Ltd.
• Teijin Ltd.
• Toray Industries, Inc.

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