Posted by IMARC Group, a leading market research company, has recently releases report titled “Solar-Powered UAV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global solar powered uav market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Solar-Powered UAV Market
A solar-powered unmanned aerial vehicle (UAV) is an aircraft propelled by harnessing energy from solar panels integrated into its wings or body. This design grants it prolonged flight endurance, lessens its environmental footprint, and extends its utility across diverse sectors. The UAV is constructed as a lightweight airplane, equipped with highly efficient solar panels, advanced energy storage systems, and sophisticated flight control algorithms. Its applications span a wide spectrum, encompassing prolonged aerial surveillance, environmental monitoring, agricultural activities, disaster management, and telecommunications support. Within the agricultural domain, it serves functions like crop monitoring, irrigation management, and precision farming. The escalating global demand for solar-powered UAVs is underpinned by their role in providing sustainable, multifaceted solutions for aerial operations with minimal carbon emissions.
How Big Is the Solar-Powered UAV Market?
The global solar-powered uav market size reached US$ 331.6 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 620.3 Million by 2028 exhibiting a CAGR of 10.3% during 2023-2028.
Solar-Powered UAV Market Trends and Drivers:
The market is being propelled by a growing need for sustainable, extended-duration aerial solutions across diverse sectors, aiming to achieve prolonged flight durations while circumventing conventional fuel sources. Moreover, strides in solar technology and energy storage systems, coupled with the emergence of lightweight, efficient solar panels and advancements in battery technologies, are augmenting the performance and dependability of solar-powered UAVs. Additionally, environmental considerations and regulatory frameworks endorsing clean energy alternatives are spurring the adoption of solar-powered UAVs. The emphasis on curtailing carbon emissions and minimizing environmental repercussions is motivating industries to delve into sustainable substitutes for their aerial operations.
Global Solar-Powered UAV Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: BAE Systems Plc, Barnard Microsystems Ltd, Eos Technologie, Sunlight Aerospace, UAV Instruments S.L, Xsun.
The report segmented the market based on type, range, component, mode of operation and application.
Type Insights:
- Fixed Wing Drones
- Multirotor Drones
- Quadcopter Drones
Range Insights:
- Less Than 300 KM
- More Than 300 KM
Component Insights:
- Propulsion System
- Airframe
- Guidance Navigation
- Control System
- Payload
Mode of Operation Insights:
- Semi-Autonomous
- Autonomous
Application Insights:
- Defense
- Commercial
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa