Solar-Powered UAVS Market Size, Share, Trends & Key Players - 2024-2031
Global Solar-Powered UAVS Market reached US$ 1.01 million in 2022 and is expected to reach US$ 2.9 million by 2031, growing with a CAGR of 14.3% during the forecast period 2024-2031.
The Solar-Powered UAVS Market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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A solar-powered unmanned aerial vehicle (UAV) is an autonomous or remotely piloted aircraft that harnesses solar energy for extended flight endurance. These UAVs use photovoltaic cells to generate electricity, reducing dependence on fossil fuels. They are ideal for surveillance, environmental monitoring, and communication relay applications. With advancements in lightweight materials and battery storage, solar UAVs can operate for days or weeks. Their eco-friendly design makes them a sustainable solution for aerial operations.
Forecast Growth Projected:
The Global Solar-Powered UAVS Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Solar-Powered UAVS Market:
AeroVironment, Inc., Sunbirds, Sunlight Photonics Inc., Bye Aerospace, Silent Falcon UAS Technologies, Alta Devices, Quaternium Technologies, Atlantik Solar, SunPower Corporation and Solar Ship Inc.
Industry Development:
On February 22, 2021, AeroVironment, Inc., a leader in unmanned aircraft systems (UAS) and high-performance UAS design and production, announced the completion of its acquisition of Arcturus UAV, Inc. The approximately $405 million deal was initially disclosed in a news statement on January 13, 2021.
Research Methodology
Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.
Segment Covered in the Solar-Powered UAVS Market:
By Type: Fixed-Wing Solar (UAVs), Rotorcraft UAV, Umbrella UAV.
By Range: Up to 300 KM, Above 300 KM.
By Component: Propulsion System, Airframe, Guidance Navigation, Control System, Payload.
By Mode of Operation: Semi-Autonomous, Autonomous.
By Application: Commercial, Defense & Military.
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Regional Analysis for Solar-Powered UAVS Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Solar-Powered UAVS Market?
➠ Who are the global key manufacturers of the Solar-Powered Uav Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Solar-Powered UAVS Market opportunities and threats faced by the vendors in the global Solar-Powered Uav Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Solar-Powered UAVS Market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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