Scope of the Study
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 being classified 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 2025.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Teledyne (United States) and Toray Industries (Japan).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Unmanned Composites market throughout the predicted period.
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.
- Increased Reliability & Durability of Composite Materials
- Improved Performance of Unmanned System Using Composite Material
- Weight Reduction With the Use of Composite Material is Trending
- High Manufacturing Cost of Unmanned System
- Lack of Standardizations in Composite Materials
- Rise in Demand for Unmanned Systems in the Commercial Sector
- Increase in Investment by Composite Material Supplier
- Recyclability of Composite Materials
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.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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