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The global unmanned composites market is on a trajectory of exceptional growth, set to surge from $1.32 billion in 2022 to $1.50 billion in 2023, boasting a substantial compound annual growth rate (CAGR) of 13.9%. With an eye to the future, this blog explores the driving forces behind this expansion, major industry players, and the pivotal trend of product innovation.

Demand Takes Flight: UAVs Propel Market Growth

• The key to the meteoric rise of the unmanned composites market lies in the escalating demand for Unmanned Aerial Vehicles (UAVs).
• UAVs, popularly known as drones, are aircraft that operate without human pilots, capable of autonomous flight or remote control.
• Unmanned composites offer UAVs superior performance, increased payload capacity, extended flight endurance, impeccable aerodynamics, and enhanced durability.

Charting the Growth in UAVs

• In June 2022, the Federal Aviation Administration (FAA) reported that by 2024, the commercial drone market is expected to encompass a staggering 828,000 drones, while the recreational drone market will comprise 1.48 million drones.
• This phenomenal growth reflects the ubiquitous presence of drones in various sectors and applications, cementing their status as a cornerstone for the unmanned composites market’s growth.

Leading the Charge: Major Market Players

• The unmanned composites market is a playground for major industry players. Some of the dominant names in this landscape include Mitsubishi Rayon, Boeing, Lockheed Martin, and NVIDIA, to name a few.
• These industry leaders steer the market’s direction, driving innovation and ensuring its continued evolution.

Innovations Shape the Future

• Product innovation takes center stage in the unmanned composites market, with leading companies actively focusing on developing novel products to maintain their market positions.
• An example of this trend is exemplified by Xenia Srl, an Italian plastic fabrication company. In September 2022, they launched the XECARB ST range, a novel family of super tough carbon fiber-reinforced composites.
• XECARB ST is engineered to meet the demand for greater impact resistance while maintaining advanced lightweight properties. It excels in notched impact resistance, low-temperature flexibility, and tensile elongation at break. The slight reduction in density further enhances its suitability for lightweight applications.

Market Segmentation Offers Insights

The global unmanned composites market features segmentation that provides deeper insights into its diverse applications:

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 Ships
   • Passenger Drones
3. By Application
   • Interior
   • Exterior

North America Leads the Way

• In 2022, North America emerged as the dominant region in the unmanned composites market, underscoring its pivotal role in driving market growth.
• This can be attributed to the significant presence and influence of major industry players in the region.

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The Unmanned Composites Global Market Report 2023  provides an overview of the unmanned composites market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The unmanned composites market forecast analyzes unmanned composites market size, unmanned composites market share, leading competitor and their market positions.

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