PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279823
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279823
Global Unmanned Composites Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Unmanned Composites Market refers to the market for unmanned aerial vehicles (UAVs) made of composite materials. Composite materials are a combination of two or more materials with different physical and chemical properties, designed to create a material with superior performance characteristics. The major driving factors for the Global Unmanned Composites Market are rising demand for lightweight and durable materials and growing demand for UAVs. Moreover, technological advancement and cohesive government support for development of unmanned composites is creating lucrative growth opportunities for the market during 2023-2030.
In 2019, the United States Army announced plans to purchase over 900 Unmanned Aerial Systems (UAS) from Textron Systems, a leading provider of unmanned systems. The purchase was part of the army's effort to modernize its fleet and increase its unmanned capabilities. Along with this, in 2020, the global delivery company, UPS, received approval from the Federal Aviation Administration (FAA) to operate a fleet of drones for commercial deliveries. The company plans to use drones to deliver medical supplies and samples, as well as other items, to various locations.
Similarly, in 2021, the Australian Defense Force announced plans to acquire a fleet of MQ-9B SkyGuardian drones from General Atomics Aeronautical Systems to enhance its intelligence, surveillance, and reconnaissance capabilities. Thus, rising support of government for UAVs is driving the growth for the market However, the high initial cost of Unmanned Composites stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Unmanned Composites Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is currently the largest market for unmanned composites, with the United States is the major contributor to the market growth in the region. The presence of major players such as General Atomics, Northrop Grumman, and Boeing in the region is driving the market growth. Asia-Pacific is expected to be the fastest-growing market for UAVs made of composites in the coming years. The increasing demand for drones for commercial applications, such as aerial photography and delivery, is driving the growth of the market in the region. China is a major contributor to the growth of the market in the region, with the country being one of the largest producers of drones in the world.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Platform offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable