Global Unmanned Composite Materials Market research report offers a panoramic view of the Unmanned Composite Materials market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Unmanned Composite Materials market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19. The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.
The 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. 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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The global Unmanned Composite Materials market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Unmanned Composite Materials sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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.
The report offers insightful information about the market dynamics of the Unmanned Composite Materials market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Unmanned Composite Materials market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Unmanned Composite Materials market.
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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.
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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)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Unmanned Composite Materials market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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About Emergen Research
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