Solar Powered Drone Market Set to Soar to US$ 3,803.4 Million by 2033 with a 14.1% CAGR from 2023

The global solar powered drone market will reach a valuation of US$ 1,017 million in 2023 and expected to progress at a CAGR of 14.1% to reach US$ 3,803.4 million by the end of 2033.

The market for solar-powered drones is expanding as a result of the increased focus on using renewable energy sources. Drones are used for data collection, aerial photography, solar farming, mining, agricultural farming, and other applications. Undoubtedly, solar-powered UAVs have shown some interesting high altitude and long endurance qualities, but the current crop of solar powered UAVs are quite light and delicate, and they only have limited payloads.

Solar tree being developed by several manufacturers as due to the advancement in technology of drones. As a result, government have also started taking initiatives for the infrastructure development of solar trees. The solar powered drones can be widely used in different sectors for instance healthcare, commercials places, airports etc. the solar powered drones also reduce the cost of the operations and need less labour force to perform the operation.

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Key Companies Profiled

Aerovironment- We are driven to seek more powerful ways to combine advances in such future defining technologies as robotics, sensors, software analytics and connectivity to generate even more meaningful information and to elevate our customers' capacity to make smarter, quicker decisions.Our company pioneered and is a leader in the markets for small Unmanned Aircraft Systems, Loitering Munition Systems, Unmanned Ground Vehicles and High-Altitude Pseudo-Satellites. We empower troops, engineers and more with actionable intelligence they need to proceed with certainty.

Aurora Flight Sciences- Aurora Flight Sciences, a Boeing Company, advances the future of flight by developing and applying innovations across aircraft configurations, autonomous systems, propulsion technologies, and manufacturing processes. With a passionate and agile team, Aurora delivers solutions to its customers' toughest challenges while meeting high standards of safety and quality.

Xsun- Designer and operator of long range solar UAVs. Our solar-powered drones guarantee accurate knowledge of your environment : infrastructures and networks, maritime world, precision agriculture, civil safety.

UAV Instruments- UAV Instruments was born in the spring of 2016 as a result of the effort and vision of two companies with a well proven track record in the sector of unmanned aerial vehicles. The first, Cartogalicia, with more than ten years of experience using unmanned aerial platforms for the topographic sector, and the second, ANSI, an engineering company focused the design of innovative solutions for industrial services. UAV Instruments focuses its efforts on offering customers innovative products for the unmanned aerial vehicle sector. Our team has technicians and engineers with experience in the design and development of innovative projects. UAV Instruments business strategy is to offer customers complete solutions focused on the development of different flying platforms along with the corresponding data analysis software tools.

Silent Falcon UAS Technologies- Silent Falcon is the world's most advanced remote sensing and AI for transportation infrastructure. Through a cost-effective and proven approach to airfield pavement management, we provide 100% airfield data up to 1mm from remote sensing. Our service reduces pavement management costs by 60-80%. With an experienced team of former fighter pilots, software engineers, and analysts we deliver the best data to airfields through our digitization, analysis, and visualization.

Kea Aeeospace- Kea Aerospace is developing a solar-powered, unmanned aircraft that will fly continuously in the stratosphere for months at a time to collect frequent high-resolution aerial images.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global solar powered drones market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The research uncovers crucial findings regarding the market, categorized by drone type (Fixed Wing, Rotary Wing, Hybrid), Application (Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Others), End User (Agriculture & Forestry, Delivery & Logistics, Media & Entertainment, Construction & Mining, Oil & Gas, Security & Law Enforcement, Recreational Activity, Others), spanning six key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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