Press release
Unmanned Composites Industry Expected to Reach $3.25 Billion by 2029 at 14.5% CAGR
Unmanned Composites
Unmanned Composites Market Value Projection: How Much Will the Market Size by 2025?
The market size of unmanned composites has seen a significant increase in recent times. The market is poised to expand from a value of $1.68 billion in 2024 to $1.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.7%. The notable growth during the previous period is primarily due to investment in research and development, requirements in aerospace and defense, expansion of the commercial drone market, advancements in telecommunications and connectivity, and a focus on sustainable and green technology.
What Will Be the Market Growth Forecat for Unmanned Composites in 2029?
The market for unmanned composites is set for a swift escalation in size in the forthcoming years, swelling to $3.25 billion by 2029, with an impressive compound annual growth rate (CAGR) of 14.5%. Factors contributing to this accelerated growth through the forecast period include the rise in automation and independence, growth in urban air mobility (UAM), advancements in space exploration and satellite manufacturing, applications in the medical and healthcare sectors, and the amalgamation of hybrid energy and renewable systems. Future trends to anticipate within this period encompass enhancements in 3D printing and additive manufacturing, bio-inspired composite layouts, advancement in flexible and shape-memory composites, utilization of nanocomposites for improved properties, and the provision of customizable and modular components.
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What Are the Core Competitive Drivers in the Unmanned Composites Industry?
The growth of the unmanned composites market is anticipated to be advanced by the growing demand for unmanned aerial vehicles. Also known as drones, unmanned aerial vehicles (UAVs) are aircraft that function without a human pilot or operator, either flying autonomously or being remotely controlled. Utilizing unmanned composites allows drones to boost their performance, increase their payload capacities, extend their flight endurance, provide superior aerodynamics and improve durability. For instance, predictions from the Federal Aviation Administration, a government agency based in the US, suggest that by 2024, there will be about 828,000 commercial drones (used in business contexts) and 1.48 million recreational drones (used for individual leisure). Hence, the driving factor behind the growth of the unmanned composites market is the growing popularity of unmanned aerial vehicles.
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Which Unmanned Composites Market Segment Is Projected to See the Fastest Growth?
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
Which Trends Are Opening New Opportunities in the Unmanned Composites Market?
Investing in product innovations has become a significant trend in the unmanned composites market. Big players in the industry are focusing on the development of new products to maintain their market status. For example, in September 2022, Xenia Srl, a company based in Italy specializing in plastic fabrication, unveiled its latest product, XECARB ST, part of a new line of highly resilient carbon fiber-reinforced composites. This invention stemmed from the identified need for stronger impact resistance, merging advanced lightweight technology with unparalleled impact strength. Xenia's XECARB line expands upon this with XECARB ST, boasting superior enhancements like increased notched impact resistance, adaptability to low temperatures, and increased tensile elongation at the point of break. XECARB ST is perceived to offer further lightweight alternatives due to its slightly reduced density.
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Who Are the Leaders in the Unmanned Composites Market?
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 Regional Unmanned Composites Markets Offer the Greatest Growth Potential?
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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