Market Overview
During the forecast period, the unmanned composites market industry is anticipated to experience a compound annual growth rate (CAGR) of 17.2%. The primary market drivers, which are the increased investment in composite materials by manufacturers of unmanned systems and the enhanced performance of unmanned systems using composite materials, are the primary factors driving market growth.The unmanned composites market is being driven by a variety of major and vital factors, including the increasing number of unmanned systems being delivered and the enhanced performance of unmanned systems using composite materials, the increasing reliability and durability of composite materials, the increasing adoption of unmanned vehicles for commercial applications, and the developing choice of unmanned aeronautical vehicles for the military. These factors are expected to further enhance the growth of the unmanned composites market. In contrast, the unmanned composite market will experience significant growth in the anticipated timeframe due to the growth of industrialist investment in the development of unmanned vehicles and the increase in the number of product launches.
The global compound unmanned systems market is being driven by a variety of factors, including the increasing demand for lightweight unmanned systems, the enhancement of compound unmanned systems’ performance, and the increased use of unmanned aerial vehicles for military and commercial purposes. Nevertheless, the composite unmanned materials market may be impeded by constraints such as the high manufacturing costs of unmanned devices made from composite materials and the lack of standardization of composite materials.
Market segment insights
- The unmanned composites market is segmented by type, including Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP), and Boron Fiber Reinforced Polymer (BFRP).
- The unmanned composites market is segmented by application, including interior and exterior. In 2022, the interior segment dominated the market as a result of the increasing demand for lightweight unmanned systems, which is anticipated to continue driving the segment’s growth.
- The unmanned composites market has been segmented into two platforms based on platform. Unmanned aerial vehicles and drones (UAV), ground unmanned vehicles (UGV), surface unmanned vehicles (US), unmanned submersible vehicles (UUV), remotely operated vehicles (ROV), passenger drones, and self-driving ships are all representative of autonomous vehicles.
Regional Perspectives
The study offers market insights for North America, Europe, Asia-Pacific, and the Rest of the World by region. In 2022, the unmanned composites market was primarily dominated by North America, which was attributed to the presence of prominent companies like Excel Corporation and Teledyne Technologies Incorporated.
The regional automated composites industry is anticipated to experience growth as a result of the growing presence of European companies in urban air mobility solutions and autonomous ships, which accounts for the second-largest market share in Europe’s unmanned composites market.
Additionally, the highest market share was held by the German unmanned composites industry, while the UK unmanned composites market was the fastest-growing market in the European region.
The Asia-Pacific Unmanned Composites Market is anticipated to experience the most rapid rate of growth from 2023 to 2030. This is a result of the increasing military expenditures of countries like China and India. Additionally, the unmanned composites industry in China possessed the greatest market share, while the unmanned composites industry in India was the fastest-growing market in the Asia-Pacific region.
Major 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), and Mitsubishi Rayon Co. Ltd. (Japan) are among the key companies in the unmanned composites market.