Unmanned Systems Composite Market is Estimated to be Valued at $5.22 Billion

Date: 2015-08-21

“The unmanned systems composite market is estimated to be valued at $5.22 billion in 2015 and is projected to grow at a CAGR of 8.26% to reach $7.76 billion by 2020

It tracks, analyzes, market size of major composite spenders in each region and provides the market share by application. It also analyzes the market share, by material type, including CFRP, GFRP, BFRP, and AFRP.

The percentage split-ups of the segments categorized under the global market were used to arrive at the market sizes of each of the individual segments of the end-user verticals. The unmanned systems composite market has been classified by material type, platform, and region. Thus, data was triangulated among five major categories based on their market size, by material type, platform, region, and company revenue.

Of the regions considered, North America contributes the largest share in the total market. The rise in the demand for lightweight, high-strength composite material for manufacturing of unmanned systems along with the rising demand for UAVs are the important factors that are responsible for driving this market in this region.

The leading players in the unmanned systems composite market include Hexcel Corporations (U.S.), Royal TenCate N.V. (The Netherlands), Toray Industries Inc. (Japan), Owens Corning Corporation (U.S.), Cytec Industries (U.S.), and Teijin Limited  (Japan). 

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