Unmanned Composites Market 2021 – Global Growth Analysis, Increasing Emphasis Research & Development Activities to Intensify Industry Development and Forecast 2027
Market Forecast Global Unmanned Composites Market is projected to be valued at USD 3,140 Million by 2026, registering a CAGR of 16% from 2020 to 2026. The reliability and durability of composite materials have significantly contributed to the expansion of the unmanned composites market. Growing competition owing to the presence of several players in the market has led unmanned composites providers to focus on innovation. Furthermore, increasing mergers & acquisitions undertaken by companies is also expected to drive market growth during the review period. For example, in July 2018, Teijin Limited acquired J.H. Ziegler GmbH, which enabled the company to strengthen its presence in the global unmanned composites market. However, issues related to recyclability and lack of standardization in composite materials might hamper the growth of the market. Market USP The increasing use of composite materials to increase the durability and reliability of unmanned systems and inc