Report Scope & Overview:
Unmanned Composites Market Size was valued at USD 2.31 billion in 2022, expected to reach USD 7.36 billion by 2030, and grow at a CAGR of 15.59% over the forecast period 2023-2030.
An unmanned system is a self-piloted machine that includes all of the necessary data processing centres, sensors, automatic control systems, and communication systems. Composite materials are formed of two or more materials with differing chemical and physical properties, one of which is the reinforcing material fibre and the other is the binding substance matrix. The unmanned composites system can conduct a variety of duties, including search and rescue, military operations, citizen surveillance, and law enforcement. Unmanned composites are produced because of their superior mechanical qualities, economic effectiveness, and longevity in manufacturing and maintenance. Such qualities are provided by unmanned composite materials with no additional weight.
MARKET DYNAMICS:
KEY DRIVERS:
Weight Reduction in Unmanned Systems Is Increasing
Improved Unmanned System Performance Using Composite Materials
RESTRAINTS:
Unmanned Systems with High Manufacturing Costs Using Composite Materials
Composite Materials Lack Standardization
OPPORTUNITIES
Increasing Commercial Demand for Unmanned Systems
Increased Investment in Composite Materials by Unmanned System Manufacturers
CHALLENGES:
Composite materials have a high repair cost.
Composite Material Recyclability
THE IMPACT OF COVID-19
The COVID-19 scenario has impacted R&D in unmanned composite industries around the world due to proclaimed lockdowns and government prohibitions on public meetings.
The COVID-19 epidemic has impacted the production of composites such as aramid fibre, boron fibre, and others.
As the world returns to normalcy, there will be a significant increase in demand in the worldwide unmanned composite market in the near future.
As government investment shifts toward economic recovery as a result of the COVID-19 epidemic, companies may see a decrease in the number of orders for military UAVs, which might harm the unmanned composite market.
Following COVID-19, the unmanned composites industry is likely to increase significantly, as several countries have either ordered or are preparing to order military UAVs and other defence equipment (made of composite material) for their forces.
Carbon fibre reinforced polymer (CFRP) composites are predicted to have the greatest CAGR in the unmanned composites market throughout the forecast period. OEMs all around the world are increasing their need for lightweight, cost-effective unmanned system components. Carbon fibre is made up of carbon atoms that are aligned parallel to the main axis of the filament, which gives the structure durability and makes it easy to use in all commercial applications. These forces are propelling the CFRP segment forward.
The unmanned composites market has been divided into Unmanned Aerial Vehicle (UAV), Unmanned Ground Vehicle (UGV), Unmanned Surface Vehicle (USV), Unmanned Underwater Vehicle (UUV), Remotely Operated Vehicle (ROV), passenger drone, and autonomous ship. The UAV category is likely to dominate the market over the forecast period. UAVs, often known as drones, are frequently used in numerous military purposes. Military UAVs are in high demand for airborne surveillance, law enforcement, search and rescue, armed attacks, reconnaissance, and maritime patrol. Because these UAVs use unique composites like boron fibre and aramid fibre, the need for composites is expanding.
Interior The sector dominated the market. due to rising demand for lightweight unmanned systems, which is likely to fuel the segment's growth. Furthermore, characteristics such as high strength and efficiency given by unmanned composites are likely to enhance demand for unmanned composites for manufacturing interior components.
Exterior benefits provided by unmanned composites such as lower maintenance costs, dependability, durability, and lightweight are likely to boost growth in the global market. As a result, during the projection period, the category is expected to increase at the fastest CAGR.
UAV The market was controlled by this segment. During the forecast period, the increased usage of UAVs for military activities is likely to boost the segment's growth in the global market.
UGV During the study period, the segment would have considerable expansion in the global market, owing to factors such as rising demand for UGVs for ISR operations, detection, and monitoring USVs. The increasing use of USVs for commercial applications such as water quality monitoring and ocean data mapping is likely to boost segment growth.
AUV The category is predicted to rise at the fastest CAGR during the forecast period, owing to rising defence spending in developing nations such as China and India, as well as the increasing deployment of AUVs in the oil and gas industry.
ROV The segment is likely to expand during the forecast period as demand for improved situational awareness in naval warfare grows.
The Autonomous Ship Increased global seaborne trade and the maritime industry's expanding usage of information and communication technologies are likely to fuel the segment's growth.
Increased investment in urban air mobility solutions is likely to drive the segment's growth.
MARKET SEGMENT:
by Type
CFRP
GFRP
AFRP
BFRP
by Sub-type
Fiber
Matrix
by Application
Interior
Exterior
by Platform
UAV
USV
UGV
AUV
ROV
Passenger Drones
Autonomous Ships
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REGIONAL ANALYSIS:
North America provides for a considerable revenue share and is likely to maintain its position during the forecast period. The presence of important firms and strong budget allocation to the military sector are elements driving growth in this region's target market. Furthermore, rising adoption of technologically advanced devices among end users, as well as strong investment in the R&D sector, are driving growth in the target market, particularly in North America's US and Canada.
The European market is likely to increase rapidly in terms of revenue in the near future. The presence of important manufacturers in nations such as the United Kingdom, Germany, Russia, and France is a crucial element driving growth in this region's target market. The Asia Pacific market is expected to grow rapidly in terms of revenue, followed by the Middle East and Africa and Latin America.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
Materion Corporation, Renegade Materials Corporation, TEIJIN LIMITED., Unitech Aerospace, Hexcel Corporation, TORAY INDUSTRIES INC., Stratasys Ltd., Solvay, Owens Corning, Teledyne Technologies Incorporated, and other players.
Materion Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.31 Billion |
| Market Size by 2030 | US$ 7.36 Billion |
| CAGR | CAGR of 15.59% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (CFRP, GFRP, AFRP, BFRP) • By Sub-type (Fiber, Matrix) • By Application (Interior, Exterior) • By Platform (UAV, USV, UGV, AUV, ROV, Passenger Drones, Autonomous Ships) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Materion Corporation, Renegade Materials Corporation, TEIJIN LIMITED., Unitech Aerospace, Hexcel Corporation, TORAY INDUSTRIES INC., Stratasys Ltd., Solvay, Owens Corning, Teledyne Technologies Incorporated |
| KEY DRIVERS | • Weight Reduction in Unmanned Systems Is Increasing • Improved Unmanned System Performance Using Composite Materials |
| Restraints | • Unmanned Systems with High Manufacturing Costs Using Composite Materials • Composite Materials Lack Standardization |
The Unmanned Composites Market is growing at a rate of 15.59% during the projected period.
Weight Reduction in Unmanned Systems Is Increasing and Improved Unmanned System Performance Using Composite Materials
The COVID-19 scenario has impacted R&D in unmanned composite industries around the world due to proclaimed lockdowns and government prohibitions on public meetings. The COVID-19 epidemic has impacted the production of composites such as aramid fibre, boron fibre, and others.
The sample for the Unmanned Composites Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Increasing Commercial Demand for Unmanned Systems and Increased Investment in Composite Materials by Unmanned System Manufacturers
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Unmanned Composites Market Segmentation, by Type
8.1 CFRP
8.2 GFRP
8.3 AFRP
8.4 BFRP
9. Unmanned Composites Market Segmentation, by Sub-type
9.1 Fiber
9.2 Matrix
10. Unmanned Composites Market Segmentation, by Application
10.1 Interior
10.2 Exterior
11.Unmanned Composites Market Segmentation, by Platform
11.1 UAV
11.2 USV
11.3 UGV
11.4 AUV
11.5 ROV
11.6 Passenger Drones
11.7 Autonomous Ships
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 Materion Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Renegade Materials Corporation
13.3 TEIJIN LIMITED.
13.4 Unitech Aerospace
13.5 Hexcel Corporation
13.6 TORAY INDUSTRIES INC.
13.7 Stratasys Ltd.
13.8 Solvay
13.9 Owens Corning
13.10 Teledyne Technologies Incorporated.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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