The unmanned composites market industry is expected to increase at a compound annual growth rate (CAGR) of 17.2% over the forecast period. Increased investment in composite materials by unmanned system makers, as well as increased performance of unmanned systems using composite materials, are important market drivers boosting growth.
The market CAGR for unmanned composites is being driven by an increase in deliveries of unmanned systems and improved performance of unmanned systems using composite materials. Rising reliability and durability of composite materials, growing adoption of unmanned vehicles for commercial applications, and developing choice of unmanned aeronautical vehicles for the military are some of the major and vital factors that will likely augment the growth of the unmanned In contrast, rising industrialist investment in the development of unmanned vehicles, as well as an increase in the number of product launches, will help to fuel the expansion of the unmanned composite market in the previously mentioned timeframe.
Some of the factors driving the global compound unmanned systems market include the growing demand for lightweight unmanned systems, enhanced compound unmanned system performance, and increased use of unmanned aerial vehicles for military and commercial purposes. However, restrictions such as the lack of standardization of composite materials and the high manufacturing costs of composite-based unmanned devices may stymie industry expansion.
Market Segment insights
The unmanned composites market is segmented by type, including Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP), and Boron Fiber Reinforced Polymer (BFRP).
Interior and exterior applications are used to segment the unmanned composites industry. The interior category dominated the market in 2022, owing to increased demand for lightweight unmanned systems, which is likely to boost sector growth.
The unmanned composites market is separated into two platforms. Examples of autonomous vehicles include unmanned aerial vehicles and drones (UAV), ground unmanned vehicles (UGV), surface unmanned vehicles (US), unmanned submarine vehicles (UUV), remotely operated vehicles (ROV), passenger drones, and self-driving ships.
Regional insights
The analysis covers market insights for North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the unmanned composites market in 2022, thanks to the presence of major players like Excel Corporation and Teledyne Technologies Incorporated.
Europe's unmanned composites market has the second-largest market share, owing to the growing presence of European firms in urban air mobility solutions and autonomous ships, which is likely to fuel the regional unmanned composites sector. Furthermore, the German unmanned composites sector dominated the market, while the UK unmanned composites market was the fastest developing in Europe.
The Asia-Pacific Unmanned Composites Market is predicted to expand at the quickest CAGR between 2023 and 2030. This is owing to increased military spending by countries like China and India. Furthermore, China's unmanned composites industry dominated the market, while India's unmanned composites industry was the fastest expanding in the Asia-Pacific region.
Major 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), and Mitsubishi Rayon Co. Ltd. (Japan) are among the key players in the unmanned composites market.
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