Press release
Global Solar-powered UAV Market to grow at a CAGR of 12.65% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Solar-powered UAV” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Solar-powered UAV
Unmanned aerial vehicles (UAVs) or drones are autonomous aircraft, which are remotely controlled from the ground or through onboard computers. Conventional UAVs are available in various sizes. While the large-sized ones, which are employed for tactical missions, are powered by internal combustion engines, smaller ones are mainly powered by electric motors. However, since the last decade, the advent of new technologies has led to the development of UAVs powered by photovoltaic cells, hydrogen fuel cells, and hybrid-electric propulsions engines. Solar-powered UAV platforms use photovoltaic panels to absorb energy from the sun and convert it into electrical energy to thrust the engines. The use of proton exchange membrane (PEM) fuel cell system in a solar-powered UAV allows it to achieve an uninterrupted flight for over six months. The Helios Prototype was one of the earliest solar-powered UAVs (developed by AeroVironment in 1999 with funding from the National Aeronautics and Space Administration (NASA)), which used PEM-based fuel system. Solar-powered UAVs find their applications in defense and commercial sectors.
Technavios analysts forecast the global solar-powered UAV market to grow at a CAGR of 12.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar-powered UAV market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Solar-powered UAV Market 2017-2021, 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.
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Key vendors
AeroVironment
Airbus
Alphabet
Thales Group
Other prominent vendors
AC Propulsion
Boeing
DJI
Lockheed Martin
Silent Falcon UAS
Sunlight Photonics
Market driver
Focus on greater use of renewable energy sources
For a full, detailed list, view our report
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Market challenge
Regulatory challenges with drone operations
For a full, detailed list, view our report
Market trend
Focus on greater use of renewable energy sources
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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