Press release
Solar-Powered UAV Market Size is Projected to Reach US$ 620.3 Million by 2028
Solar-Powered UAV Market
Solar-powered unmanned aerial vehicles (UAVs) represent high-altitude pseudo-satellites or drones mainly designed to obtain power directly from the sun to perform continuous stratospheric operations for a longer period. It contains a range of solar-powered cells that are unified with the vehicle to capture radiant light during the day and generate and recharge the battery on board to provide energy in nighttime flights. Solar-powered UAVs offer better stability, higher flight altitude, larger coverage area, and superior load capacity. Consequently, it finds extensive application in surveillance and rescue operations, disaster management, attack missions, and intelligence-gathering operations.
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.
Read Full Report:- https://www.imarcgroup.com/solar-powered-uav-market
Solar-Powered UAV Market Trends and Drivers:
The escalating demand for drone services in numerous commercial applications, including resource exploration and climate monitoring, is among the key elements stimulating the solar-powered UAV market. Moreover, several improvements in the military and defense sector are acting as significant growth-inducing factors. Besides this, the rising usage of solar-powered UAVs in the agricultural sector to analyze crop growth, climatic conditions, spray fertilizers, and track soil conditions is also propelling the market growth. Furthermore, the widespread adoption of high-altitude pseudo-satellites to assess the ecological damage and active risks, and minimize the adverse effects of potential danger in the mining sector to improve workers safety is positively influencing the global market. Apart from this, the growing usage of photovoltaic (PV) cells and hybrid-electric propulsion engines to enhance vessel performance at lower maintenance costs is further fueling the market growth. Additionally, various technological advancements, such as the increasing integration of image-transmitting systems and strategic collaborations amongst key players, are anticipated to fuel the solar-powered UAV market over the forecasted period.
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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
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Ask Analyst for 10% free customized report:
https://www.imarcgroup.com/request?type=report&id=6837&flag=C
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
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State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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