Global Unmanned Composites Market Analysis 2024, Forecast To 2033
8 Mar, 2024
The unmanned composites market has experienced rapid growth, increasing from $1.5 billion in 2023 to $1.71 billion in 2024, with a CAGR of 13.8%. This growth is driven by factors such as aerospace requirements and the rise of commercial drones. Looking forward, the market is projected to grow to $2.94 billion in 2028, with a CAGR of 14.5%. Key drivers include increased automation and space exploration initiatives. Emerging trends encompass 3D printing and customizable components, indicating advancements in composite materials.
Global Unmanned Composites Market Key Driver
The unmanned composites market is forecasted to grow substantially due to the escalating demand for unmanned aerial vehicles (UAVs) worldwide. UAVs, also known as drones, offer various advantages, including enhanced performance, larger payload capacities, and longer flight endurance when equipped with unmanned composites. By 2024, the Federal Aviation Administration predicts the presence of 828,000 commercial drones and 1.48 million recreational drones. This burgeoning demand underscores the pivotal role of unmanned composites in UAV development and production, positioning the market for robust growth in the foreseeable future.
Get A Free Sample Of The Global Unmanned Composites Market ReportGlobal Unmanned Composites Market Segments
The unmanned composites market covered in this report is segmented –
1) Type:Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP), Boron Fiber Reinforced Polymer (BFRP)
2) Platform:Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Surface Vehicles, Autonomous Underwater Vehicles, Remotely Operated Vehicles, Autonomous Ship, Passenger Drone
3) Application:Interior, Exterior
By Geography: The countries covered in the unmanned composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the unmanned composites market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unmanned composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Unmanned Composites Industry Players
Mitsubishi Rayon; The Boeing Company; Lockheed Martin; Mitsubishi Chemical Corporation; NVIDIA; Evonic Industries AG; Toray Industries Inc.; Solvay S.A.; Dupont Inc.; Owens Corning; Formosa Plastics Corporation; Teijin Limited; Elbit Systems; Teledyne Technologies Incorporated; Leonardo DRS; Aerojet Rocketdyne; Hexcel Corporation; Materion Corporation; SGL Carbon SE; Stratasys Ltd.; Gurit Holding AG; AeroVironment; ZOLTEK Corp.; Unitech Aerospace; Cytec Engineered Materials Inc.; Quantum Composites Inc.; DowAksa Advanced Composites Holdings B.V.; Tencate Advanced Composites; Renegade Materials Corporation.
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Unmanned Composites Market Overview
Unmanned composites are fibrous materials embedded in a resin matrix to build unmanned aircraft or drones. These composite materials are widely employed in unmanned aerial vehicles due to their composite lightweight and high-strength qualities, providing greater cargo capacity, longer flying endurance, and superior maneuverability.