The Business Research Company’s Unmanned Composites Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Unmanned Composites Global Market Report 2023 evaluates unmanned composites market size, growth rate, drivers, trends, and major companies
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global unmanned composites market is poised for significant expansion, with an anticipated growth from .32 billion in 2022 to .50 billion in 2023, manifesting a robust compound annual growth rate (CAGR) of 13.9%. However, it is crucial to acknowledge that ongoing geopolitical events, such as the Russia-Ukraine conflict, have cast a shadow over the global economic recovery following the COVID-19 pandemic. The resulting economic sanctions, commodity price spikes, and supply chain interruptions have precipitated inflationary pressures impacting various sectors across the world. Nevertheless, the unmanned composites market exhibits resilience and is forecasted to reach .55 billion by 2027, maintaining a strong CAGR of 14.1%.
The escalating demand for unmanned aerial vehicles (UAVs) is set to be a driving force behind the unmanned composites market's expansion. UAVs, often referred to as drones, are aircraft that operate autonomously or under remote control without human pilots. Leveraging unmanned composites, these drones can achieve heightened performance, increased payload capacity, extended flight endurance, superior aerodynamics, and enhanced durability. For instance, according to the Federal Aviation Administration (FAA), a US government agency, projections indicate there will be 828,000 commercial drones (used for business purposes) and 1.48 million recreational drones (used for personal enjoyment) in operation by 2024. This surge in UAV demand is poised to underpin the growth of the unmanned composites market.
The unmanned composites market segments in the report are: 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
Top 5 Major Key Players Are: Mitsubishi Rayon The Boeing Company Lockheed Martin Mitsubishi Chemical Corporation NVIDIA
Table Of Contents 1. Executive Summary 2. Unmanned Composites Market Characteristics 3. Unmanned Composites Market Trends And Strategies 4. Unmanned Composites Market - Macro Economic Scenario 5. 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
Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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