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Unmanned Composites Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Unmanned Composites Industry Market Size Be by 2025?
In recent times, the market size for unmanned composites has seen rapid expansion. Its growth is forecasted to rise from $1.68 billion in 2024 to $1.9 billion in 2025, with a compound annual growth rate (CAGR) of 13.5%. Factors contributing to this growth during the historic period include funding for research and development, needs in aerospace and defense, the expansion of the commercial drone market, advancements in telecommunications and connectivity, and the rise of sustainability and green technology.
What's the Long-Term Growth Forecast for the Unmanned Composites Market Size Through 2029?
In the following years, the market size for unmanned composites is set to experience considerable expansion, surging to $3.31 billion by 2029 with a compound annual growth rate (CAGR) of 14.9%. The remarkable growth expected in the forecast period can be linked to greater automation and increased autonomy, rising demand for urban air mobility (UAM), advancements in space exploration and satellite construction, applications within the medical and healthcare sector, and the development of hybrid energy and renewable systems. Notable trends for the forecast period encompass 3d printing and additive manufacturing, bio-inspired composite designs, dynamic and shape-memory composites, enhanced property nanocomposites, and adaptable, modular components.
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What Are the Key Growth Drivers Fueling the Unmanned Composites Market Expansion?
The growth of the unmanned composites market is anticipated to be propelled by the rising demand for unmanned aerial vehicles. An unmanned aerial vehicle, or drone, is an autonomous aircraft devoid of a human operator or pilot, which can be flown either autonomously or through remote control. Drones have the capacity to improve their performance, payload capabilities, flight endurance, aerodynamics, and durability by leveraging the advantages of unmanned composites. For example, statistics from the Federal Aviation Administration, a government agency in the US, reveal that by 2024, there will be 828,000 commercial drones (those used by businesses) and 1.48 million recreational drones (those used for personal entertainment). Consequently, the surging demand for unmanned aerial vehicles is fuelling the expansion of the unmanned composites market.
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What Are the Key Trends Driving Unmanned Composites Market Growth?
One notable trend that is increasingly becoming popular in the unmanned composites market is product innovation. Major market stakeholders are introducing new and innovative products in a bid to maintain their market share and standing. For example, Xenia Srl, a plastic fabrication company from Italy, in September 2022, launched a new product referred to as XECARB ST, which belongs to a new line of super tough carbon fiber-reinforced composites. The launch came in response to the growing demand for materials with high impact resistance that combines advanced lightweight characteristics with outstanding impact strength. XECARB ST, an improvement of Xenia's XECARB range, boasts of enhanced notched impact resistance, low-temperature flexibility, and considerable tensile elongation at break. Given its slightly reduced density, XECARB ST is anticipated to provide more lightweight options.
How Is the Unmanned Composites Market Segmented?
The unmanned composites market covered in this report is segmented -
1) By Type: Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP), Boron Fiber Reinforced Polymer (BFRP)
2) By Platform: Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Surface Vehicles, Autonomous Underwater Vehicles, Remotely Operated Vehicles, Autonomous Ship, Passenger Drone
3) By Application: Interior, Exterior
Subsegments:
1) By Carbon Fiber Reinforced Polymer (CFRP): Continuous Carbon Fiber Reinforced Composites, Short Carbon Fiber Reinforced Composites, Hybrid Carbon Fiber Composites
2) By Glass Fiber Reinforced Polymer (GFRP): Continuous Glass Fiber Reinforced Composites, Short Glass Fiber Reinforced Composites, Hybrid Glass Fiber Composites
3) By Aramid Fiber Reinforced Polymer (AFRP): Continuous Aramid Fiber Reinforced Composites, Short Aramid Fiber Reinforced Composites, Hybrid Aramid Fiber Composites
4) By Boron Fiber Reinforced Polymer (BFRP): Continuous Boron Fiber Reinforced Composites, Short Boron Fiber Reinforced Composites, Hybrid Boron Fiber Reinforced Composites
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Which Companies Are Leading the Charge in Unmanned Composites Market Innovation?
Major companies operating in the unmanned composites market include Mitsubishi Rayon, The Boeing Company, Lockheed Martin, Mitsubishi Chemical Corporation, NVIDIA, Evonic Industries AG, Toray Industries Inc., Solvay S.A., Dupont Inc., Owens Corning, Formosa Plastics Corporation, Teijin Limited, Elbit Systems, Teledyne Technologies Incorporated, Leonardo DRS, Aerojet Rocketdyne, Hexcel Corporation, Materion Corporation, SGL Carbon SE, Stratasys Ltd., Gurit Holding AG, AeroVironment, ZOLTEK Corp., Unitech Aerospace, Cytec Engineered Materials Inc., Quantum Composites Inc., DowAksa Advanced Composites Holdings B.V., Tencate Advanced Composites, Renegade Materials Corporation.
Which Regions Are Leading the Global Unmanned Composites Market in Revenue?
North America was the largest region in the unmanned composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unmanned composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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