Emergen Research's Global Unmanned Composite Materials Market Research Report was created through an analysis of key business details and an extensive geographical spread of the Unmanned Composite Materials industry. The study provides comprehensive coverage of the Unmanned Composite Materials Market's qualitative and quantitative analysis, as well as critical statistical data about the Unmanned Composite Materials Market. The research study offers historical data from 2017 to 2018 as well as accurate forecasting until 2027. The report also profiles established and emerging market players, providing an overview of the company, product portfolio, strategic alliances, and business expansion strategies.
According to a recent report by Emergen Research, the global unmanned composite materials market is expected to be worth USD 3,222.3 million by 2027. As the demand for lightweight unmanned systems rises, the unmanned composite materials industry is experiencing strong demand. Small load carrying capacity, poor speed, low flying altitude, and limited battery backup are just a few of the performance flaws that typically plague small UAVs. Additionally, the frequency of damage occurring to the UAV body is rather significant due to the complexity of the operational environment. The high specific strength and stiffness of the composite materials employed in unmanned systems significantly reduce the weight of the systems while increasing payload and lowering load costs, allowing for longer flight distances and times.
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Competitive Terrain:
The global Unmanned Composite Materials industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Startasys Ltd., Solvay, Hexcel Corporation, Teledyne, Mitsubishi Rayon Co. Ltd., Teijin Ltd., Gurit, Toray Industries, Renegade Materials Corporation, Owens Corning
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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.
- Unmanned marine vehicle systems are deployed for extensive applications, including military, where these find usage in Anti-Submarine Warfare, Intelligence, Surveillance and Reconnaissance, Mine Counter Measures, and Fast Inshore Attack Craft for combat drills.
- The market in the Asia Pacific region is projected to grow at the fastest rate in the forecast period attributed to the rapid adoption of drones and aerostat systems in the countries in the region.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Unmanned Composite Materials market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Unmanned Composite Materials market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Unmanned Composite Materials market.
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Market Overview:
The report bifurcates the Unmanned Composite Materials market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- 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
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Unmanned Composite Materials Market report:
- The latest report comprehensively studies the global Unmanned Composite Materials market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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