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Unmanned Composites Market Overview-Forecast Market Size, Share, Growth Analysis By 2023-2032
Unmanned Composites Market
The Business Research Company's Unmanned Composites Global Market Report 2023 identifies increasing demand for unmanned aerial vehicles as the major driver for the Unmanned Composites market's growth in the forecast period. An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft that works without a human operator or pilot. A UAV can fly autonomously or be remotely controlled. Drones can gain more excellent performance, larger payload capacities, longer flight endurance, superior aerodynamics, and enhanced durability by harnessing the benefits of unmanned composites.
The global unmanned composites market is expected to grow from $1.32 billion in 2022 to $1.50 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The unmanned composites market is expected to reach $2.55 billion in 2027 at a CAGR of 14.1%.
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Major competitors in the Unmanned Composites market are Mitsubishi Rayon, The Boeing Company, Lockheed Martin, Mitsubishi Chemical Corporation, NVIDIA, Evonic Industries AG, Toray Industries Inc.
A key trend in the Unmanned Composites market includes product innovations. Major companies operating in the unmanned composites market are focused on innovating new products to sustain their position in the market. For instance, in September 2022, Xenia Srl, an Italy-based plastic fabrication company, launched XECARB ST, a new family of super tough carbon fiber-reinforced composites. It identified a need for higher impact resistance by combining advanced lightweight with superior impact strength. Xenia's XECARB range's mechanical qualities are built upon in XECARB ST, which features significantly enhanced notched impact resistance, low-temperature flexibility, and tensile elongation at break.
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The Unmanned Composites market is segmented -
• By Type: Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP), Boron Fiber Reinforced Polymer (BFRP)
• By Platform: Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Surface Vehicles, Autonomous Underwater Vehicles, Remotely Operated Vehicles, Autonomous Ship, Passenger Drone
• By Application: Interior, Exterior
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Unmanned Composites market.
The Business Research Company's "Global Unmanned Composites Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Unmanned Composites Market Include:
1. Executive Summary
2. Unmanned Composites Market Characteristics
3. Unmanned Composites Market Trends And Strategies
4. Unmanned Composites Market - Macro Economic Scenario
5. Global Unmanned Composites Market Size and Growth
……………………………………………………………….
32. Global Unmanned Composites Market Competitive Benchmarking
33. Global Unmanned Composites Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Unmanned Composites Market
35. Unmanned Composites Market Future Outlook and Potential Analysis
36. Appendix
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