Solar Powered UAV Market

Solar Powered UAV Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Solar Powered UAV Market 2018
Solar Powered UAV Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Unmanned Aerial Vehicles (UAVs) or drones are autonomous aircraft that are remotely controlled from ground or through onboard computers. Standard
UAVs are available in various sizes. While the large-sized drones that are utilized for tactical missions are powered by internal combustion engines,
smaller sized UAVs are chiefly battery-powered by electric motors. However, since the last decade, the arrival of the latest technologies has led to the
development of battery-powered UAVs by hydrogen fuel cells and hybrid-electric propulsion engines. Solar-powered UAV platforms use photovoltaic
panels to soak up energy from the sun and convert it into electricity to provide thrust to the engines.
The two applications – defense and military – account for the largest market share, attributed to the employment of solar-powered UAVs in search and
rescue operations, pollution observance, security, disaster management, attack missions, and communication applications. The civil & commercial segment
is expected to grow at a quicker rate, attributed to its usage in skilled aerial photography and surveillance, agriculture, information assortment, recreation
and hobby, filmmaking, journalism, law enforcement, scientific research, conservation, anti-poaching activity, mineral, oil and gas production and
exploration, disaster relief, archaeology, traveler transport, and payload transport.
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Solar Powered UAV Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
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Market Research Report - Global Forecast 2023”
UAV market for commercial applications is majorly influenced by the rise in adoption of UAVs in military application. Aerial vehicle manufacturers are
already providing small UAVs for various applications to clients; these UAVs are used for aerial photography and information collection in agricultural
farming, solar farming, and mining. It has been discovered that UAVs can presently replace planes and helicopters to map thousands of hectares of crop
areas expeditiously. One of the solar-powered UAV makers, Sunbird Group, has already launched a solar-powered UAV, integrated with a primary
sensor/camera and thermal imaging cameras, which have major applications within the agricultural industry.
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Solar Powered UAV Market 2018
Industry/ Innovation/ Related News:
The global solar-powered UAV market is estimated to grow at a CAGR over 13% during the forecast period of 2017-2023.
One of the key factors driving the growth of the worldwide solar-powered UAV market is the different flight ranges with increase in capacity of each
flight. The acceptance of solar-powered drones in civil & commercial applications has raised the scope to enhance their technology. The restricted
capability of conventional drones remains to be a major issue in case of commercial drones. In order to diminish this restraint, government agencies
together work with defense contractors to develop solar-powered UAVs, which may fly over jet stream. In addition, solar-powered UAVs are
extraordinarily crucial in unsafe missions with manned aircraft. Another driver for this market is the increased security and surveillance activities.
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Solar Powered UAV Market 2018
Application & Major Players in this Research:
Solar Powered UAV Market Prominent Players:
AeroVironment, Inc. (U.S.),
Airbus (France),
Boeing (U.S.),
Facebook (U.S.),
Google (U.S.),
Eidgenössische Technische Hochschule Zürich (Germany),
Bye Aerospace (U.S.),
DJI (China),
Lockheed Martin (U.S.), and Thales Group (France).
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Solar Powered UAV Market 2018
Solar Powered UAV Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Based on region, the global solar-powered UAV market is segmented into North America, Asia Pacific, Europe, the
Middle East & Africa, and Latin America. In the U.S., solar-powered UAVs are majorly used for defense and military
functions. Moreover, major countries, such as Canada, Mexico, and Brazil, are increasing their solar-powered UAV
production capacities. The U.S. is dominating the market, owing to high investments from the National Aeronautics
and Space Administration (NASA) and the Department of Defense.
The report for Global Solar Powered UAV Market of Market Research Future comprises extensive primary research
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion
leaders to gain the deeper insight of the market and industry performance.
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Global Solar Powered UAV Market by Application (Defense and Commercial), Type (Fixed-Wing and Other Types), Component (Propulsion System, Airframe, Guidance Navigation & Control System, and Payload), and by Region - Forecast to 2023

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