Market Overview:
Solar Powered UAV industry Size is expected to reach USD 2.142 Billion by 2030, registering a CAGR of 11.8% during 2020-2030.
Drones, also known as unmanned aerial vehicles (UAVs), are self-flying aircraft that can be remotely piloted from the ground or by using onboard computers. There are several different sizes of standard UAVs available. Smaller ones are mostly battery-driven by electric motors, whereas larger ones, which are used for tactical missions, are propelled by internal combustion engines. However, over the past ten years, the development of cutting-edge technologies has paved the way for battery-powered UAVs with hybrid electric propulsion systems, hydrogen fuel cells, and photovoltaic cells. Photovoltaic panels are used by solar-powered UAV platforms to capture solar energy, transform it into electricity, and use that electricity to power their engines.
Due to the use of solar-powered UAVs in search and rescue operations, pollution observance, security, disaster management, attack missions, and communications applications, military defence accounts for the greater market share among their two applications. The use in professional aerial photography and surveillance, agriculture, information gathering, leisure and hobby, motion picture filmmaking, journalism, law enforcement, scientific research, conservation, anti-poaching activity, mineral, oil and gas production and exploration, disaster relief, archaeology, traveller transport, and payload transport are all factors contributing to the civil commercial segment's expected faster growth.
Numerous new drone kinds, including electric drones, are being developed as a result of the quick improvements in technology. Additionally, these drones offer efficient military monitoring. These drones are getting smaller, lighter, more effective, and cheaper as technology advances.
The solar-powered UAV's Proton Exchange Membrane (PEM) fuel cell system gives it an unbroken flight capability of more than six months. With funding from NASA, AeroVironment developed the Helios prototype in 1999, one of the first solar-powered UAVs to use a PEM-based fuel system. Similar to this, it was revealed in 2015 that Facebook had finished prototyping Aquila, a solar-powered unmanned aerial vehicle (UAV) that can fly over 11 miles above the ground and bring internet connectivity to areas lacking satellite-based networks.
Even though solar-powered demonstration flights have been made, the concept of a solar-powered UAV would require significant RD expenditures and a significant number of solar panels or cells to fly for longer periods of time. As a result, it is anticipated that the market will draw sizable investments over the forecast period.
Key players:
Thales Group (France), AeroVironment Inc (US), Silent Falcon UAS Technologies (US), Facebook Inc (US), Sunlight Photonics Inc (US), Airbus SE (France), Sunbirds SAS (France), BAE Systems Plc (US), Bye Aerospace Inc (US), The Boeing Co (US), Barnard Microsystems Ltd (UK), Ocean Aero (US)
Market segmentation:
The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Solar Powered UAVs market by its application, type, and region.
By Application, Civil Commercial, Military Defense, By Type, Fixed Wing UAV, Multiple Rotor UAV, By Regions, America, Europe, Asia-Pacific, Rest of the World
Regional Analysis:
This analysis offers a broad overview of the solar-powered unmanned aerial vehicle (UAV) market, focusing on three market segments across four geographical areas. The study of key market participants includes a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), and the rest of the world (ROW).
The global market for solar-powered UAVs is divided into five regions based on geography: North America, Asia Pacific, Europe, the Middle East Africa, and Latin America. Solar-powered UAVs are mostly utilised for military purposes in the United States. Additionally, major North American countries like Canada, Mexico, and Brazil are increasing their investments in solar-powered UAVs. Due to significant investments made by the Department of Defense and the National Aeronautics and Space Administration (NASA), the United States has been dominating this market.
Full report @ https://www.marketresearchfuture.com/reports/solar-powered-uav-market-5856
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