Unmanned Composites Market is projected to reach USD 3,140 Million by 2030 and register a 16.21% CAGR (2020-2030)
Market Scenario Unmanned Composites Market
Global Unmanned Composites Market Size is projected to reach USD 3,140 Million by 2026 and register a 16.21% CAGR. Composite materials are made using two or more materials that have different chemical and physical properties. One of them is reinforcement material fiber, and another one is the binding material matrix. An unmanned system is a self-piloted machine or remote equipped with all the obligatory data processing centers, sensors, automatic control, and communication systems. The unmanned composites system is proficient in performing several operations such as rescue or search missions, military missions, civilian surveillance, and law enforcement. The main objective behind manufacturing unmanned composites is to derive outstanding mechanical properties, cost-effectiveness, and durability in terms of maintenance and manufacturing, without any added weight.
Global Unmanned Composites Market is expected to register significant growth during the forecast period owing to factors such as increasing reliability and durability offered by composite materials and growing adoption of unmanned systems for military operations. Furthermore, the increasing investment by manufacturers of unmanned systems in composite materials is also expected to drive the growth of the market. Additionally, the increasing product launches by companies such as Hexcel Corporation is also expected to drive the growth of the market. For example, in March 2019, Hexcel Corporation collaborated with Lavoisier Composites to upcycle composite by-products from the aerospace industry. The collaboration enabled the companies to strengthen their product portfolio and contribute to the environment.
However, issues related to recyclability and lack of standardization in composite materials might hamper the growth of the market.
The increasing use of composite materials to increase the durability & reliability of unmanned systems and the increasing demand for lightweight unmanned systems among end-users are expected to drive the growth of the market.
Other Prominent Players
|Market Size||USD 3,140 Million (2026)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, Platform|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||High repairing and manufacturing cost of composite materials|
|Key Market Drivers||