Unmanned Composites Market

Hexcel Corporation is one of the Leading Manufacturers and Suppliers of Unmanned Composites Market

The unmanned composites market size is expected to grow from USD 1.1 billion in 2019 to USD 2.7 billion by 2025, at a CAGR of 15.52% from 2019 to 2025. Increasing demand for weight reduction in the unmanned systems and improving reliability and durability of the unmanned systems are some of the major factors driving this market.

Major players in the unmanned composites market include Gurit (Switzerland), Hexcel Corporation (US), Materion Corporation (US), Mitsubishi Rayon (Japan), Owens Corning (US), Renegade Materials Corporation (US), Solvay (Belgium), Stratasys (US), Teijin Limited (Japan), Teledyne (US), and Toray Industries (Japan). These players have adopted various growth strategies, such as agreements, acquisitions, expansions, partnerships, joint ventures, contracts, and new product developments, to expand their presence in the unmanned composites market. New product developments, agreements, partnerships, and expansions were the major strategies adopted by the major market players from 2016 to 2019, to help them innovate their offerings and enhance their customer base.

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Hexcel Corporation is one of the leading manufacturers and suppliers of unmanned composites across the globe. In March 2019, the company partnered with Lavoisier Composites (France) to help it expand its product portfolio with carbon composite materials and carbon composite by-products developed by Lavoisier Composites. In January 2019, the company acquired ARC Technologies LLC (US) to help expand its product portfolio of advanced composites and thermoplastics. In October 2018, Hexcel Corporation opened a new 37-acre plant in France for the development of carbon fiber reinforced composite materials. This expansion helped the company increase its customer base in Europe.

Teijin Limited provides high-end composites solutions for automotive and industrial applications across the globe. The company has made several partnerships and agreements to expand its share in the unmanned composites market. In January 2019, it partnered with Bombardier (Canada) for supplying Carbon Fiber TENAX, which is a carbon fiber reinforced polymer, for the next 7 years. These partnerships indicate the company’s good relations with major players in the aviation industry. In July 2018, Teijin Limited acquired J.H. Ziegler GmbH (Germany) with the aim of expanding its product portfolio of composites offered to the automotive industry. This acquisition also helped Teijin Limited to increase its customer base from the automotive sector in Germany.

Toray Industries is a leading provider of composites for unmanned aerial system technologies. The company offers various composite materials for different industries across the world. In March 2019, the company developed Polyphenylene Sulfide Resin, a composite material with high flexibility and heat & chemical resistance, for use majorly in automotive applications. In the same month, the company also developed Bioabsorbable Polymer, a flexible composite material with properties such as minimum polymer degradation and heat resistance, for use in aerospace, automotive, and marine applications.

Related Reports:

Unmanned Composites Market by Application (Interior, Exterior), Platform (UAV, USV, UGV, AUV, ROV, Passenger Drones, Autonomous Ships), Type (CFRP, GFRP, AFRP, BFRP), Subtype (Fiber, Matrix) and Region - Global Forecast to 2025

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Report Code
AS 3303
RI Published ON
5/6/2019
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