Solar-powered UAV Market Growth, Trends, Analysis and Forecast

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Global Solar-powered UAV Market Size, Share, Global
Insights, Analysis and Outlook, Emerging Trends and
Research Report by Market Reports Center
Technavio Announces the Publication of its Research Report – Global Solar-Powered Unmanned Aerial
Vehicle (UAV) Market 2016-2020
Technavio recognizes the following companies as the key players in the global solar powered unmanned
aerial vehicle (UAV) market: AeroVironment, Airbus Group, Facebook, Lockheed Martin, and Thales.
Other Prominent Vendors in the market are: AC Propulsion, Boeing, DJI, Silent Falcon UAS, and Sunlight
Photonics.
Commenting on the report, an analyst from Technavio’ s team said: “An emerging trend which is helping
to propel market growth is initiatives to connect remote areas. Internet service has become a necessity
across the globe. It can also be anticipated that as human needs increase, the quality of internet service
will inevitably become enhanced. However, the coverage of the best quality internet service is limited to
the urban population in many parts of the world. Only one-third of the global population uses the
internet.”
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According to the report, a key growth driver is improved endurance with enhanced flight range. The
adoption of UAVs in commercial and civil applications has increased the utility of existing technologies.
Due to the inability to perform on an autonomous power source, the endurance capability of
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conventional
UAVs
remains
a
prime
concern
for
commercial
UAV
operators.
Further, the report states that one challenge that could hamper market growth is dissimilar laws and
restrictions. The use of commercial UAVs largely depends on the laws and restrictions of the country in
which they are operated. Governments and commercial bodies —entertainment, agriculture,
telecommunications, journalism, and real estate —have highlighted the commercial viability of using
UAVs.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry.
About the Solar-Powered Unmanned Aerial Vehicle (UAV) Market
UAVs are commonly referred to as drones or remotely piloted aircraft. These vehicles are either
operated by remote control from the ground or by onboard computers. Conventional UAVs range from
large-sized UAVs employed for tactical missions and powered by an internal combustion engine, to small
electric-powered UAVs.
However, new technologies have been entering the market over the last decade. Of late, photovoltaic
cells, hydrogen fuel cells, and hybrid-electric propulsion engines are increasingly used to power these
UAVs.
Technavio’ s analysts forecast the global solar powered unmanned aerial vehicle (UAV) market to grow
at a CAGR of 12.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar powered unmanned
aerial vehicle (UAV) market for 2016-2020.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Solar-Powered Unmanned Aerial Vehicle (UAV) Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry experts. The report covers the
market landscape and its growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
Key vendors
• AeroVironment
• Airbus Group
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• Facebook
• Lockheed Martin
• Thales
Other prominent vendors
• AC Propulsion
• Boeing
• DJI
• Silent Falcon UAS
• Sunlight Photonics
Market driver
• Improved endurance with enhanced flight range
• For a full, detailed list, view our report
Market challenge
• Dissimilar laws and restrictions
• For a full, detailed list, view our report
Market trend
• Initiatives to connect remote areas
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Table Of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
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PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by application
• Global solar-powered UAV market
• Global military and defense solar-powered UAV market
• Global commercial and civil solar-powered UAV market
PART 07: Geographical segmentation
• Geographical segmentation of global solar-powered UAV market 2015-2020
• Solar-powered UAV market in Americas
• Solar-powered UAV market in EMEA
• Solar-powered market in APAC
PART 08: Market attractiveness
PART 09: Market drivers
• Improved endurance with enhanced flight range
• Enhanced surveillance and security activities
• Increasing commercial and civil applications of UAVs
PART 10: Impact of drivers
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Market Reports Center
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According to the report, a key growth driver is improved endurance with enhanced flight range. The adoption of UAVs in commercial and civil applications has increased the utility of existing technologies. Due to the inability to perform on an autonomous power source, the endurance capability of conventional UAVs remains a prime concern for commercial UAV operators.