What is Unmanned Composites?
An unmanned system is a remote or self-piloted machine that is equipped with all the required sensors, automatic control, data processing centres and communication system. The unmanned aircraft is made up of light composite material which reduces the weight and increases maneuverability. These composites allow the drone to move at extremely high altitude. Unmanned composite also absorbs vibration which decreases the noise produced. The increased performance of composite materials in terms of strength, lightweight and durability are a few major reasons driving the unmanned composite materials market.
The market study is broken down by Type (CFRP, GFRP, AFRP and BFRP), by Application (Interior and Exterior) and major geographies with country level break-up. and may see market size of USD2.71 Billion by 2026.
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Unmanned Composites market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gurit (Switzerland), Hexcel Corporation (United States), Materion Corporation (United States), Mitsubishi Rayon (Japan), Owens Corning (United States), Renegade Materials Corporation (United States), Solvay (Belgium), Stratasys (United States) and Teijin Limited (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Teledyne (United States) and Toray Industries (Japan).
AdvanceMarketAnalytics has segmented the market of Global Unmanned Composites market by Type, Application and Region.
On the basis of geography, the market of Unmanned Composites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. UAV will boost the Unmanned Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In March 2019, Hexcel Corporation partnered with Lavoisier Composites (France) to expand its product portfolio with carbon composite materials and carbon composite by-products developed by Lavoisier Composites.
In March 2019, Toray Industries developed Polyphenylene Sulfide Resin, a composite material with high flexibility and heat & chemical resistance, for use majorly in automotive applications.
- Weight Reduction With the Use of Composite Material is Trending
- Increased Reliability & Durability of Composite Materials
- Improved Performance of Unmanned System Using Composite Material
- Rise in Demand for Unmanned Systems in the Commercial Sector
- Increase in Investment by Composite Material Supplier
- High Manufacturing Cost of Unmanned System
- Lack of Standardizations in Composite Materials
- Recyclability of Composite Materials
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.