Unmanned Composites Market Size, Share & Trends Analysis Report By Product (Carbon Fiber Reinforced Polymer, Glass Fiber Reinforced Polymer), By Application (Interior, Exterior), By Region, And By Segment Forecasts, 2024 - 2030

Unmanned Composites Market Size, Share & Trends Analysis Report By Product (Carbon Fiber Reinforced Polymer, Glass Fiber Reinforced Polymer), By Application (Interior, Exterior), By Region, And By Segment Forecasts, 2024 - 2030

Unmanned Composites Market Trends

The global unmanned composites market size was estimated at USD 1.98 billion in 2023 and is projected to grow at a CAGR of 13.4% from 2024 to 2030. This growth is attributed to unmanned system manufacturers' increasing inclination toward using composites to reduce the overall weight. In addition, the growing environmental regulations laid down by governments of different countries initiate the use of lightweight and fuel-efficient unmanned systems. This is further expected to propel market growth.

The use of composite materials in unmanned systems is resulting in improved performance. Furthermore, advancements in the composite manufacturing process lead to enhanced performance and durability of unmanned systems. These materials provide an exceptional strength-to-weight ratio, which helps increase fuel efficiency and reduce operational costs. Such factors are considered critical when choosing materials for unmanned system production.

Unmanned systems are used in several industries, such as agriculture, logistics, infrastructure inspection, defense sector, and aerospace. The defense sector highly relies on these systems, such as unmanned aerial vehicles (UAV), for reconnaissance, several operations, and surveillance. Moreover, the rapidly expanding aerospace industry worldwide, with rising emphasis on the use of high-performance and lightweight materials, is expected to increase material use in these systems.

Raw materials required to manufacture composites include polyurethane, silicone, polyamide, and others. These materials are used in other applications, including construction, coatings & adhesives, and others. The individual material markets are characterized by the presence of a large number of suppliers operating across the globe and catering to multiple application industries. However, only some composite manufacturers are integrated into their operations and manufacture high-cost raw materials, such as carbon and aramid fibers. Owing to these factors, the bargaining power of suppliers is expected to be medium over the forecast period.

The significant presence of integrated composite manufacturing companies with strong distribution networks is responsible for a high entry barrier. In addition, new players need to invest considerably in R&D due to the patented technologies owned by key manufacturers or lease the said technologies to produce composites. In addition, high initial investments are required to sustain in the composites market. Owing to these factors, the threat of new entrants is expected to be low.

Global Unmanned Composites Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the unmanned composites market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Carbon Fiber Reinforced Polymer
• Glass Fiber Reinforced Polymer
• Aramid Fiber Reinforced Polymer
• Other Products
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Interior
• Exterior
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa

Please note The report will be delivered in 4-8 business days upon order notification.