Solar-powered UAV Market Overview
Remotely piloted aircraft or drones are referred to as unmanned aerial vehicles (UAVs). In the case of electrical systems, like propulsion systems, a solar-powered unmanned aerial vehicle uses an infinite power source. Photovoltaic cells convert solar radiation to electric power, which is subsequently transformed into kinetic energy by an electric motor. The global Solar-powered UAV market is projected to rise at a considerable rate in the forthcoming years.
Improved flight range and endurance are two significant reasons driving the growth of the global solar-powered unmanned aerial vehicles (UAVs) market. The acceptance of solar-powered drones for civil and commercial use has increased the utilization of current technologies. In the case of commercial drones, the limited endurance capacity of conventional drones remains a major challenge. To overcome this constraint, government organizations cooperated with defense firms to develop solar-powered unmanned aerial vehicles (UAVs) that can fly over the jet stream. As a result, solar-powered UAVs are critical in dangerous missions with manned aircraft. The increased security and surveillance operations are another driving factor in this market.
However, several restraints are impeding the market for solar-powered unmanned aerial vehicles (UAVs). Dissimilar rules and laws, technical impediments, and deferred or withdrawn funding are among the problems. Solar-powered drones' utility is largely determined by the limits and legislation of the country in which they are used.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Airbus, AeroVironment, Alphabet, Lockheed Martin, Facebook, Thales, AC Propulsion, Silent Falcon UAS, Boeing, DJI, Sunlight Photonics, Barnard Microsystems. |
Covid-19 Impact on Solar-powered UAV Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Solar-powered UAV Market Segment Overview
Based on Application, the Defense and Military segment holds the largest share of the global Solar-powered UAV market. This is because of the use of solar-powered UAVs in search and rescue operations, pollution monitoring, security, disaster management, attack missions, and communications applications. Furthermore, Civil and Commercial is another major segment in the market. This is due to the use in professional aerial photography and surveillance, agriculture, data collection, hobby, motion pictures filmmaking, journalism, law enforcement, scientific research, anti-poaching activity, mineral, oil and gas production and exploration, disaster relief, passenger transport, and cargo transport.
Solar-powered UAV Market, By Application
· Civil and Commercial
· Defense and Military
Solar-powered UAV Market Regional Overview
Region-Wise, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. Solar-powered UAVs are mostly utilized for defense and military purposes in the United States. Furthermore, major North American and Latin American countries such as Canada, Mexico, and Brazil have been increasing their solar-powered UAV capabilities. Because of large investments from NASA and the Department of Defense for several initiatives, the United States has dominated this sector.
Solar-powered UAV Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Solar-powered UAV Market, Key Players
· Airbus
· AeroVironment
· Alphabet
· Lockheed Martin
· Facebook
· Thales
· AC Propulsion
· Silent Falcon UAS
· Boeing
· DJI
· Sunlight Photonics
· Barnard Microsystems
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Solar-powered UAV market?
Improved flight range and endurance are two significant reasons driving the growth of the global solar-powered unmanned aerial vehicles (UAVs) market
Q2. Which are the parts of the Application segment in the Solar-powered UAV market?
Civil and Commercial, Defense and Military are parts of the Application segment in the Solar-powered UAV market
Q3. Which segment is projected to hold the largest share in the Solar-powered UAV Market?
Defense and Military segment is projected to hold the largest share in the Solar-powered UAV Market.
Q4. Which region holds the largest share in the Solar-powered UAV market?
North America held the largest share in the global Solar-powered UAV market.
Q5. Which are the prominent players in the Solar-powered UAV Market?
Airbus, AeroVironment, Alphabet, Lockheed Martin, Facebook, Thales, AC Propulsion, Silent Falcon UAS, Boeing, DJI, Sunlight Photonics, Barnard Microsystems. are some key players in the Solar-powered UAV Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Solar-powered UAV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Civil and Commercial
- 5.2.2. Defense and Military
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Solar-powered UAV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Civil and Commercial
- 6.2.2. Defense and Military
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Solar-powered UAV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Civil and Commercial
- 7.2.2. Defense and Military
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Solar-powered UAV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Civil and Commercial
- 8.2.2. Defense and Military
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Solar-powered UAV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Civil and Commercial
- 9.2.2. Defense and Military
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Airbus
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. AeroVironment
- 10.6. Alphabet
- 10.7. Lockheed Martin
- 10.8. Facebook
- 10.9. Thales
- 10.10. AC Propulsion
- 10.11. Silent Falcon UAS
- 10.12. Boeing
- 10.13. DJI
- 10.14. Sunlight Photonics
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
