Global Solar-powered UAV Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Fixed-wing UAV, Rotorcraft UAV, Umbrella UAV, and Hybrid UAV.

By End-Use;

Defense and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn733530478 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Solar-powered UAV Market (USD Million), 2020 - 2030

In the year 2023, the Global Solar-powered UAV Market was valued at USD 603.50 million. The size of this market is expected to increase to USD 1,191.10 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.2%.

The Global Solar-powered UAV (Unmanned Aerial Vehicle) Market represents a rapidly evolving sector at the intersection of aerospace technology and renewable energy. Solar-powered UAVs, also known as solar drones, leverage photovoltaic cells to convert sunlight into electrical energy, enabling extended flight endurance and reduced reliance on traditional propulsion systems. This innovative approach offers numerous advantages, including enhanced operational flexibility, extended mission durations, and reduced environmental impact, making solar-powered UAVs increasingly attractive for a wide range of applications across different industries and sectors.

The market for solar-powered UAVs is witnessing significant growth driven by advancements in solar energy technology, lightweight materials, and aerodynamics. These technological innovations have led to the development of more efficient solar cells, lightweight airframes, and aerodynamic designs optimized for solar-powered flight. As a result, solar-powered UAVs are capable of prolonged autonomous operation, making them well-suited for applications such as surveillance, monitoring, mapping, and environmental research where extended endurance and persistent aerial coverage are critical.

Moreover, the increasing demand for unmanned aerial platforms with enhanced endurance and versatility is propelling the adoption of solar-powered UAVs across various sectors, including military and defense, agriculture, environmental monitoring, telecommunications, and disaster management. These UAVs offer cost-effective solutions for a wide range of missions, including intelligence, surveillance, and reconnaissance (ISR), precision agriculture, infrastructure inspection, communication relay, and emergency response. With ongoing advancements in technology and growing interest in renewable energy solutions, the Global Solar-powered UAV Market is poised for continued expansion and innovation in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By End-User
    2. Market Snapshot, By Region
    3. Market Opportunity Map
  4. Global Solar-powered UAV Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Solar-powered UAV Market, By Type, 2022 - 2032 (USD Million)
      1. Fixed-wing UAV
      2. Rotorcraft UAV
      3. Umbrella UAV
      4. Hybrid UAV
    2. Global Solar-powered UAV Market, By End-Use, 2022 - 2032 (USD Million)
      1. Defense
      2. Commercial
    3. Global Solar-powered UAV Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Airbus Defence and Space
      2. AeroVironment, Inc.
      3. Alta Devices
      4. BAE Systems plc
      5. Boeing Phantom Works
      6. Elbit Systems Ltd.
      7. Facebook Connectivity
      8. Lockheed Martin Corporation
      9. Northrop Grumman Corporation
      10. Sunlight Photonics Inc.
      11. AeroVironment Inc.
  7. Analyst Views
  8. Future Outlook of the Market

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