Unmanned Composites Market Research Report - Global Forecast till 2027

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)], Application (Interior and Exterior), Platform (UAV, UGV, USV, AUV, ROV, Autonomous Ship and Passenger Drone) and Region (North America, Europe, Asia-Pacific, Middle East and Rest of the World) - Forecast till 2027

ID: MRFR/A&D/8174-HCR | January 2023 | Region: Global | 168 Pages         

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Unmanned Composites Market

Unmanned Composites Market is projected to reach USD 3,140 Million by 2030 and register a 16.21% CAGR (2020-2030)

Segmentation
By Type Carbon Fiber Reinforced Polymer (CFRP) Glass Fiber Reinforced Polymer (GFRP) Aramid Fiber Reinforced Polymer (AFRP) Boron Fiber Reinforced Polymer (BFRP)
By Application Interior Exterior
By Platform UAV UGV USV AUV ROV Autonomous Ship Passenger Drone
Key Players
Companies Profiled   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)
Drivers
Market Driving Forces   Increased reliability and durability of composite materials    Improved performance of unmanned systems using composite materials    Increased investment by manufacturers of unmanned systems in composite
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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.


Market Synopsis


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.


Market USP


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.


Market Drivers



  • Increased reliability and durability of composite materials: Increased use of unmanned systems by the commercial and military sectors due to the high reliability and durability offered by composites materials is expected to drive the growth of the market.



  • Improved performance of unmanned systems using composite materials



  • Increased investment by manufacturers of unmanned systems in composite


Market Restraints



  • Issues related to the recyclability of composite materials



  • Lack of standardization in composite materials



  • High repairing and manufacturing cost of composite materials


Segmentation


By Type



  • Carbon Fiber Reinforced Polymer (CFRP): The segment dominated the market in 2019 and is expected to grow with the highest CAGR during the forecast period, owing to the growing use of CFRP for commercial applications.



  • Glass Fiber Reinforced Polymer (GFRP): The segment is expected to register notable growth owing to the increasing demand for GFRP for manufacturing aircraft, navy, and military vehicle structures. The growing demand for GFRP for developing structural components of unmanned systems is also expected to drive the growth of the segment.



  • Aramid Fiber Reinforced Polymer (AFRP): The segment is expected to grow owing to benefits offered by AFRP, such as toughness and flexibility.



  • Boron Fiber Reinforced Polymer (BFRP): The growing adoption of BFRP for aerospace applications is expected to drive the growth of the segment.


By Application



  • Interior: The segment dominated the market in 2019 due to the growing demand for lightweight unmanned systems that are expected to drive the growth of the segment. Furthermore, benefits offered by unmanned composites such as high strength and efficiency are also expected to increase the demand for unmanned composites for manufacturing interior components.



  • Exterior: Benefits offered by unmanned composites such as reduced maintenance cost, reliability, durability, and lightweight are expected to drive the growth of the exterior segment in the global market. Hence, the segment is expected to grow at the highest CAGR during the forecast period.


By Platform



  • Unmanned Aerial Vehicle (UAV): The segment dominated the global market in 2019. The growing adoption of UAVs for military operations is expected to drive the growth of the segment in the global market during the forecast period.



  • Unmanned Ground Vehicle (UGV): The segment will show a significant growth rate in the global market during the study period, owing to factors such as the growing demand for UGVs for ISR operations, detection, and monitoring.



  • Unmanned Surface Vehicle (USV): The growing adoption of USVs for commercial applications such as water quality monitoring and ocean data mapping is expected to drive the growth of the segment.



  • Autonomous Underwater Vehicle (AUV): The segment is expected to grow at the highest CAGR during the forecast period owing to the rising defense expenditure of developing countries such as China and India and the growing adoption of AUVs in the oil & gas industry.



  • Remotely Operated Vehicle (ROV): The segment is expected to grow during the forecast period owing to the growing demand for enhanced situational awareness in naval warfare.



  • Autonomous Ship: Increasing seaborne trade across the globe and the growing adoption of information and communication technology by the marine industry are expected to drive the growth of the segment.



  • Passenger Drone: Increasing investment in urban air mobility solutions is expected to drive the growth of the segment.


By Region



  • North America: North America dominated the global unmanned composites market in 2019 due to the presence of prominent companies such as Hexcel Corporation and Teledyne Technologies Incorporated.



  • Europe: The increasing investment in urban air mobility solutions and autonomous ships by the companies based in Europe is expected to drive the growth of the regional unmanned composites market.



  • Asia-Pacific: The market in this region is projected to grow at the highest CAGR during the forecast period owing to increasing military expenditure of countries such as China and India.



  • Middle East: The presence of prominent airlines such as the Emirates Group and Etihad Airways is expected to drive the growth of the unmanned composites market in the region.



  • Rest of the World: Growing demand for unmanned systems by the commercial sector in countries such as Brazil and South Africa are expected to increase the demand for unmanned Composites in the region.


Key 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)

  • Mitsubishi Rayon Co. Ltd. (Japan)


Other Prominent Players



  • Materion Corporation (US)

  • Renegade Materials Corporation (US)

  • Teijin Limited (Japan)

  • Unitech Composites Inc. (US)

  • Carbon by Design (US)

  • Quantum Composites Inc. (US)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3,140 Million (2026)
  CAGR   16.21% (2019-2026)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  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

  • Increased reliability and durability of composite materials.
  • Improved performance of unmanned systems using composite materials.
  • Increased investment by manufacturers of unmanned systems in composite


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