Solar Powered UAV Market Overview and Forecast by 2031
The Solar Powered UAV Market is expected to register a CAGR of 14.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Solar Powered UAV Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Range (Short, Medium, Long); Application (Commercial, Military), and Geography (North America, Europe, Asia Pacific, Middle East and Africa and South and Central America)
Purpose of the ReportThe report Solar Powered UAV Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Solar Powered UAV Market Segmentation
Range- Short
- Medium
- Long
- Commercial
- Military
Strategic Insights
Solar Powered UAV Market Growth Drivers- Rising Demand for Long-Endurance Drones: One of the primary drivers of the solar-powered UAV (unmanned aerial vehicle) market is the need for drones that can operate for extended periods without the limitations of traditional battery life. Solar-powered UAVs offer the advantage of virtually unlimited flight duration by harnessing solar energy to power their systems. This capability is especially valuable for applications like surveillance, reconnaissance, environmental monitoring, and disaster management, where long-endurance flights are crucial. The need for persistent surveillance in military and civil domains has contributed significantly to the growth of solar UAVs.
- Advancements in Solar Technology: Significant improvements in solar cell efficiency, lightweight materials, and energy storage technologies are making solar-powered UAVs more viable. Solar panels are becoming more efficient at converting sunlight into energy, allowing UAVs to fly longer distances with smaller or more compact panels. Additionally, innovations in energy storage, such as lightweight batteries and fuel cells, enhance the overall endurance and efficiency of solar UAVs. These advancements have expanded the potential applications and performance capabilities of solar-powered drones.
- Enhanced Solar Panel Durability and Efficiency: In the future, solar-powered UAVs will benefit from more durable and efficient solar panels that can withstand harsh environmental conditions and deliver higher energy conversion rates. Research is focused on developing solar cells that are more resilient to weathering, UV radiation, and physical damage while maintaining high efficiency. These advancements will allow UAVs to operate in a wider range of climates and geographies, further expanding the market for solar-powered UAVs in diverse applications such as military operations, climate research, and disaster relief.
- Increased Investment in Solar UAV Research and Development: With the growing demand for sustainable technology and the wide range of applications for solar-powered UAVs, more investments are expected in R&D. Companies, governments, and research institutions will focus on overcoming existing challenges such as energy storage efficiency, system miniaturization, and cost-effectiveness. As solar UAV technologies become more refined, we can expect a broader adoption of solar-powered drones across sectors, from agriculture and infrastructure monitoring to environmental conservation and emergency response.
- Integration with Next-Generation Communication Networks: Solar-powered UAVs can play a significant role in supporting next-generation communication networks, such as 5G and IoT systems, especially in remote areas. These UAVs can be equipped with communication relays or used as mobile base stations to extend coverage, making them an essential tool for telecommunications companies looking to expand network infrastructure. The ongoing rollout of 5G networks and the increasing demand for connectivity in hard-to-reach areas present a lucrative opportunity for solar UAVs.
- Military and Defense Applications: The military sector offers significant opportunities for solar-powered UAVs, as long-endurance, silent, and environmentally friendly drones are highly valued for surveillance, reconnaissance, and communication tasks. Solar UAVs can provide near-continuous coverage for strategic missions without the need for frequent refueling or recharging, a major advantage in combat and intelligence-gathering operations. The increasing reliance on unmanned systems for military applications is expected to create a growing demand for solar-powered UAVs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Solar Powered UAV Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Solar Powered UAV Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Solar Powered UAV Market is estimated to witness a CAGR of 14.5% from 2023 to 2031
Rising global emphasis on sustainability and reduced carbon footprints across the globe driving the market growth
High manufacturing cost of the solar powered UAV hinders the market growth.
The major players in the market includes AeroVironment Inc., DJI, AETOS drones, Airbus, Boeing, Israel Aerospace Industries, Parrot, DCM Shriram, Elbit Systems Ltd., Hindustan Aeronautics Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Paras Defence And Space Technologies Ltd., Zen Technologies, RattanIndia Enterprises
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Powered UAV Market - By Range
1.3.2 Solar Powered UAV Market - By Application
1.3.3 Solar Powered UAV Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SOLAR POWERED UAV MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR POWERED UAV MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SOLAR POWERED UAV MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR POWERED UAV - GLOBAL MARKET OVERVIEW
6.2. SOLAR POWERED UAV - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR POWERED UAV MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
7.1. OVERVIEW
7.2. RANGE MARKET FORECASTS AND ANALYSIS
7.3. SHORT
7.3.1. Overview
7.3.2. Short Market Forecast and Analysis
7.4. MEDIUM
7.4.1. Overview
7.4.2. Medium Market Forecast and Analysis
7.5. LONG
7.5.1. Overview
7.5.2. Long Market Forecast and Analysis
8. SOLAR POWERED UAV MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. SOLAR POWERED UAV MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Powered UAV Market Overview
9.1.2 North America Solar Powered UAV Market Forecasts and Analysis
9.1.3 North America Solar Powered UAV Market Forecasts and Analysis - By Range
9.1.4 North America Solar Powered UAV Market Forecasts and Analysis - By Application
9.1.5 North America Solar Powered UAV Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Powered UAV Market
9.1.5.1.1 United States Solar Powered UAV Market by Range
9.1.5.1.2 United States Solar Powered UAV Market by Application
9.1.5.2 Canada Solar Powered UAV Market
9.1.5.2.1 Canada Solar Powered UAV Market by Range
9.1.5.2.2 Canada Solar Powered UAV Market by Application
9.1.5.3 Mexico Solar Powered UAV Market
9.1.5.3.1 Mexico Solar Powered UAV Market by Range
9.1.5.3.2 Mexico Solar Powered UAV Market by Application
9.2. EUROPE
9.2.1 Europe Solar Powered UAV Market Overview
9.2.2 Europe Solar Powered UAV Market Forecasts and Analysis
9.2.3 Europe Solar Powered UAV Market Forecasts and Analysis - By Range
9.2.4 Europe Solar Powered UAV Market Forecasts and Analysis - By Application
9.2.5 Europe Solar Powered UAV Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Powered UAV Market
9.2.5.1.1 Germany Solar Powered UAV Market by Range
9.2.5.1.2 Germany Solar Powered UAV Market by Application
9.2.5.2 France Solar Powered UAV Market
9.2.5.2.1 France Solar Powered UAV Market by Range
9.2.5.2.2 France Solar Powered UAV Market by Application
9.2.5.3 Italy Solar Powered UAV Market
9.2.5.3.1 Italy Solar Powered UAV Market by Range
9.2.5.3.2 Italy Solar Powered UAV Market by Application
9.2.5.4 United Kingdom Solar Powered UAV Market
9.2.5.4.1 United Kingdom Solar Powered UAV Market by Range
9.2.5.4.2 United Kingdom Solar Powered UAV Market by Application
9.2.5.5 Russia Solar Powered UAV Market
9.2.5.5.1 Russia Solar Powered UAV Market by Range
9.2.5.5.2 Russia Solar Powered UAV Market by Application
9.2.5.6 Rest of Europe Solar Powered UAV Market
9.2.5.6.1 Rest of Europe Solar Powered UAV Market by Range
9.2.5.6.2 Rest of Europe Solar Powered UAV Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Powered UAV Market Overview
9.3.2 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Range
9.3.4 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Powered UAV Market
9.3.5.1.1 Australia Solar Powered UAV Market by Range
9.3.5.1.2 Australia Solar Powered UAV Market by Application
9.3.5.2 China Solar Powered UAV Market
9.3.5.2.1 China Solar Powered UAV Market by Range
9.3.5.2.2 China Solar Powered UAV Market by Application
9.3.5.3 India Solar Powered UAV Market
9.3.5.3.1 India Solar Powered UAV Market by Range
9.3.5.3.2 India Solar Powered UAV Market by Application
9.3.5.4 Japan Solar Powered UAV Market
9.3.5.4.1 Japan Solar Powered UAV Market by Range
9.3.5.4.2 Japan Solar Powered UAV Market by Application
9.3.5.5 South Korea Solar Powered UAV Market
9.3.5.5.1 South Korea Solar Powered UAV Market by Range
9.3.5.5.2 South Korea Solar Powered UAV Market by Application
9.3.5.6 Rest of Asia-Pacific Solar Powered UAV Market
9.3.5.6.1 Rest of Asia-Pacific Solar Powered UAV Market by Range
9.3.5.6.2 Rest of Asia-Pacific Solar Powered UAV Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Powered UAV Market Overview
9.4.2 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Range
9.4.4 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Powered UAV Market
9.4.5.1.1 South Africa Solar Powered UAV Market by Range
9.4.5.1.2 South Africa Solar Powered UAV Market by Application
9.4.5.2 Saudi Arabia Solar Powered UAV Market
9.4.5.2.1 Saudi Arabia Solar Powered UAV Market by Range
9.4.5.2.2 Saudi Arabia Solar Powered UAV Market by Application
9.4.5.3 U.A.E Solar Powered UAV Market
9.4.5.3.1 U.A.E Solar Powered UAV Market by Range
9.4.5.3.2 U.A.E Solar Powered UAV Market by Application
9.4.5.4 Rest of Middle East and Africa Solar Powered UAV Market
9.4.5.4.1 Rest of Middle East and Africa Solar Powered UAV Market by Range
9.4.5.4.2 Rest of Middle East and Africa Solar Powered UAV Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Powered UAV Market Overview
9.5.2 South and Central America Solar Powered UAV Market Forecasts and Analysis
9.5.3 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Range
9.5.4 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Powered UAV Market
9.5.5.1.1 Brazil Solar Powered UAV Market by Range
9.5.5.1.2 Brazil Solar Powered UAV Market by Application
9.5.5.2 Argentina Solar Powered UAV Market
9.5.5.2.1 Argentina Solar Powered UAV Market by Range
9.5.5.2.2 Argentina Solar Powered UAV Market by Application
9.5.5.3 Rest of South and Central America Solar Powered UAV Market
9.5.5.3.1 Rest of South and Central America Solar Powered UAV Market by Range
9.5.5.3.2 Rest of South and Central America Solar Powered UAV Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR POWERED UAV MARKET, KEY COMPANY PROFILES
11.1. AEROVIRONMENT, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIRBUS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AURORA FLIGHT SCIENCES (BOEING)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BAE SYSTEMS PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BARNARD MICROSYSTEMS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. C-ASTRAL D.O.O.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LOCKHEED MARTIN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. M2K
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUNBIRDS SAS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUNLIGHT AEROSPACE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AeroVironment, Inc.2. Airbus3. Aurora Flight Sciences (Boeing)4. BAE systems plc5. Barnard Microsystems Ltd.6. C-Astral d.o.o.7. Lockheed Martin Corporation8. M2K9. Sunbirds SAS10. Sunlight Aerospace Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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