The global unmanned composite materials market is projected to be worth USD 3,222.3 Million by 2027, according to a current analysis by Emergen Research. The unmanned composite materials market is observing high demand attributed to the growing demand for lightweight unmanned systems. Small UAVs usually suffer from performance drawbacks, including small load capacity, slow speed, low flying height, and short battery backup. Also, owing to the complexity of the operational environment, the frequency of damage occurring to the UAV body is comparatively high.
Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Unmanned Composite Materials market.
The composite materials used in unmanned systems possess high specific strength and specific stiffness, considerably decreasing the unmanned systems’ weight with load cost reduction and payload increase, resulting in prolonged flight distance and time. Unmanned composite materials are of immense significance for use in miniaturized, lightweight, and high-performance unmanned system structures.
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Some Key Highlights from the Report
In March 2019, Teijin Ltd. entered into an agreement for the acquisition of Renegade Materials Corporation. As part of the acquisition, Renegade materials Corporation will operate as Teijin’s wholly-owned subsidiary.
E-glass fiber finds widespread usage as the fiber composites reinforcement material in load-bearing sandwich construction, owing to its excellent mechanical features and resistance from environmental factors, but the primary behind its popularity is its relatively low price.
Increasing adoption of drones is likely to fuel the market demand. The Federal Aviation Administration reports that in 2016, the number of commercial drones in the US was 42,000 and would substantially increase to 420,000 by the year 2021.
Key participants include Startasys Ltd., Solvay, Hexcel Corporation, Teledyne, Mitsubishi Rayon Co. Ltd., Teijin Ltd., Gurit, Toray Industries, Renegade Materials Corporation, and Owens Corning, among others.
Emergen Research has segmented the global unmanned composite materials market on the basis of type, platform, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Carbon Fiber Reinforced Polymer (CFRP)
- Glass Fiber Reinforced Polymer (GFRP)
- Aramid Fiber Reinforced Polymer (AFRP)
- Boron Fiber Reinforced Polymer (BFRP)
Platform Outlook (Revenue, USD Billion; 2017-2027)
- Unmanned Aerial Vehicle (UAV)
- Unmanned Surface Vehicle (USV)
- Unmanned Ground Vehicle (UGV)
- Autonomous Underwater Vehicle (AUV)
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Interior
- Exterior
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Exhaustive coverage of the COVID-19 impact on the Unmanned Composite Materials industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Unmanned Composite Materials market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Unmanned Composite Materials industry.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Unmanned Composite Materials market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Unmanned Composite Materials market size
2.2 Latest Unmanned Composite Materials market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Unmanned Composite Materials market key players
3.2 Global Unmanned Composite Materials size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Unmanned Composite Materials market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Unmanned Composite Materials market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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