Composites for Unmanned System Market Key Vendors, Trends and Forecast by 2031

MARKET OVERVIEW

Composites are generally used in the industry owing to their low manufacturing cost and satisfactory mechanical properties. Composites materials, when strengthened by continuous fibers it shows low weight, high stiffness, and high strength. Due to their high strength and stiffness composites are used in the industries such as aerospace, automotive, and others to enable the construction of lightweight structures.

MARKET SCOPE

The "Global Composites for Unmanned Systems Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composites for unmanned systems market with detailed market segmentation by platform, type, application, and geography. The report provides key statistics on the market status of the leading composites for unmanned systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of platform, the market is segmented as UAV, USV, UGV, AUV, ROV, passenger drones and autonomous ships.
  
•   Based on type, the market is segmented into carbon fiber reinforced polymer, glass fiber reinforced polymer, boron fiber reinforced polymer and aramid fiber reinforced polymer.
  
•   On the basis of application, the market is segmented as airborne, land and marine.
  

MARKET DYNAMICS

Drivers:

•   Increase in demand for composite materials to deliver the enhanced performance of unmanned systems, lightweight structures, and an increase in the deliveries of unmanned systems drives the global composites for unmanned system market.
  
•   Furthermore, the growing demand for UAVs across potential regions offers growth opportunities for the global composites for unmanned system market.
  

Restraints:

•   The high cost of manufacturing is restraining the overall growth of the composites for the unmanned system market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The composites for unmanned systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the composites for unmanned systems market.

IMPACT OF COVID-19 ON COMPOSITES FOR UNMANNED SYSTEMS MARKET

The R&D in unmanned composite industries around the world has been impeded due to proclaimed lockdowns and government bans on public gatherings as a result of the COVID-19 scenario. The COVID-19 epidemic has impacted the production of composites such as aramid fibre, boron fibre, and others.
As the world returns to normalcy, the global unmanned composite industry will see a significant increase in demand.
As governments redirect their investment to economic recovery as a result of the COVID-19 epidemic, companies may see a drop in military UAV orders, which might hurt the unmanned composite market.
Following COVID-19, the unmanned composites industry is likely to increase significantly, as several countries have ordered or plan to order military UAVs and other defence equipment for their forces.

MARKET PLAYERS

The report covers key developments in the composites for unmanned systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from composites for unmanned systems market are anticipated to lucrative growth opportunities in the future with the rising demand for composites for unmanned systems in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composites for unmanned systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Gurit
  
•   Hexcel Corporation
  
•   Kratos Defense and Security Solutions, Inc.
  
•   Materion Corporation
  
•   Mitsubishi Chemical Corporation
  
•   Renegade Materials Corporation
  
•   Solvay
  
•   Stratasys Ltd.
  
•   Teijin Carbon Europe GmbH
  
•   Toray Advanced Composites
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Composites for Unmanned System Report Scope