Unmanned Systems Fiber Reinforced Polymer Market projected to be worth $7.76 Billion by 2020

The Unmanned Systems Fiber Reinforced Polymer Market is estimated to be valued at $5.22 billion in 2015 and is projected to register a CAGR of 8.26% to reach $7.76 billion by 2020.

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The report segments the market on the basis of material type, platform, and region. It also discusses the material matrices and sub-segments of the platforms that constitute the whole unmanned systems. Further, it comprises the market projection and technological trends that are predominant in this market.

The Unmanned Systems Fiber Reinforced Polymer Market in this report is divided into five major regions, namely, North America, Europe, Asia-Pacific, The Middle & Africa, and Latin America. It is estimated that the market will be valued at $5.22 billion in 2014; North America is projected to have the largest market with 36.94% share, followed by Europe with 34.81%, and APAC with 14.46%.

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

The growth of the Unmanned Systems Fiber Reinforced Polymer Market has been primarily driven by the rising need for the lightweight unmanned systems, along with the highly improved performance of the unmanned systems using composite materials. The increased reliability and durability along with major properties such as stiffness and lightweight has increased the use of these materials in the manufacturing of unmanned systems.

The rise in research, procurement, and use of unmanned systems such UAVs, UUVs and UGVs over the past decade has seen significant advances in these systems with respect to the payloads and structure. Due to this, there has been a notified increase in the procurement of composite materials for manufacturing steadier and reliable unmanned systems.

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The growing demand for unmanned systems in the commercial sector has led to market opportunities for composite materials across the world. The carbon fibers and carbon fiber reinforced polymers (CFRPs) are the major materials used for the manufacturing for unmanned systems along with some proportion of glass fiber reinforced polymers (GFRPs), boron fiber reinforced polymers (BFRPs), and aramid fiber reinforced polymers (AFRPs).

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