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Solar Powered UAV-Global Market Insights and Sales Trends 2024
Synopsis
Solar powered unmanned aerial vehicles, also termed as solar powered UAVs or solar powered drones, are airborne vehicles that utilize solar energy for propulsion.
The global Solar Powered UAV market size is expected to reach US$ 480.4 million by 2029, growing at a CAGR of 11.5% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Powered UAV in various end use industries. The expanding demands from the Defense and Commercial, are propelling Solar Powered UAV market. Fixed-wing UAV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the rotorcraft UAV segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.378 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Powered UAV, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Powered UAV market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Powered UAV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Powered UAV sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Powered UAV covered in this report include AeroVironment, Airbus, Silent Falcon UAS Technologies, Sunbirds, Sunlight Photonics and Thales, etc.
The global Solar Powered UAV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AeroVironment
Airbus
Silent Falcon UAS Technologies
Sunbirds
Sunlight Photonics
Thales
Global Solar Powered UAV market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Powered UAV market, Segment by Type:
Fixed-wing UAV
rotorcraft UAV
Umbrella UAV
Global Solar Powered UAV market, by Application
Defense
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Powered UAV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Powered UAV in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Solar powered unmanned aerial vehicles, also termed as solar powered UAVs or solar powered drones, are airborne vehicles that utilize solar energy for propulsion.
The global Solar Powered UAV market size is expected to reach US$ 480.4 million by 2029, growing at a CAGR of 11.5% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Powered UAV in various end use industries. The expanding demands from the Defense and Commercial, are propelling Solar Powered UAV market. Fixed-wing UAV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the rotorcraft UAV segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.378 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Powered UAV, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Powered UAV market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Powered UAV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Powered UAV sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Powered UAV covered in this report include AeroVironment, Airbus, Silent Falcon UAS Technologies, Sunbirds, Sunlight Photonics and Thales, etc.
The global Solar Powered UAV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AeroVironment
Airbus
Silent Falcon UAS Technologies
Sunbirds
Sunlight Photonics
Thales
Global Solar Powered UAV market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Powered UAV market, Segment by Type:
Fixed-wing UAV
rotorcraft UAV
Umbrella UAV
Global Solar Powered UAV market, by Application
Defense
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Solar Powered UAV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Powered UAV in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Solar Powered UAV Market Overview
1.1 Solar Powered UAV Product Overview
1.2 Solar Powered UAV Market Segment by Type
1.2.1 Fixed-wing UAV
1.2.2 rotorcraft UAV
1.2.3 Umbrella UAV
1.3 Global Solar Powered UAV Market Size by Type
1.3.1 Global Solar Powered UAV Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Powered UAV Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Powered UAV Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Powered UAV Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Powered UAV Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Powered UAV Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Powered UAV Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Powered UAV Sales Breakdown by Type (2018-2023)
2 Global Solar Powered UAV Market Competition by Company
2.1 Global Top Players by Solar Powered UAV Sales (2018-2023)
2.2 Global Top Players by Solar Powered UAV Revenue (2018-2023)
2.3 Global Top Players by Solar Powered UAV Price (2018-2023)
2.4 Global Top Manufacturers Solar Powered UAV Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Powered UAV Market Competitive Situation and Trends
2.5.1 Solar Powered UAV Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Powered UAV Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Powered UAV as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Powered UAV Market
2.8 Key Manufacturers Solar Powered UAV Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Powered UAV Status and Outlook by Region
3.1 Global Solar Powered UAV Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Powered UAV Historic Market Size by Region
3.2.1 Global Solar Powered UAV Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Powered UAV Sales in Value by Region (2018-2023)
3.2.3 Global Solar Powered UAV Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Powered UAV Forecasted Market Size by Region
3.3.1 Global Solar Powered UAV Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Powered UAV Sales in Value by Region (2024-2029)
3.3.3 Global Solar Powered UAV Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Powered UAV by Application
4.1 Solar Powered UAV Market Segment by Application
4.1.1 Defense
4.1.2 Commercial
4.2 Global Solar Powered UAV Market Size by Application
4.2.1 Global Solar Powered UAV Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Powered UAV Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Powered UAV Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Powered UAV Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Powered UAV Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Powered UAV Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Powered UAV Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Powered UAV Sales Breakdown by Application (2018-2023)
5 North America Solar Powered UAV by Country
5.1 North America Solar Powered UAV Historic Market Size by Country
5.1.1 North America Solar Powered UAV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Powered UAV Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Powered UAV Sales in Value by Country (2018-2023)
5.2 North America Solar Powered UAV Forecasted Market Size by Country
5.2.1 North America Solar Powered UAV Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Powered UAV Sales in Value by Country (2024-2029)
6 Europe Solar Powered UAV by Country
6.1 Europe Solar Powered UAV Historic Market Size by Country
6.1.1 Europe Solar Powered UAV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Powered UAV Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Powered UAV Sales in Value by Country (2018-2023)
6.2 Europe Solar Powered UAV Forecasted Market Size by Country
6.2.1 Europe Solar Powered UAV Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Powered UAV Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Powered UAV by Region
7.1 Asia-Pacific Solar Powered UAV Historic Market Size by Region
7.1.1 Asia-Pacific Solar Powered UAV Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Powered UAV Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Powered UAV Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Powered UAV Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Powered UAV Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Powered UAV Sales in Value by Region (2024-2029)
8 Latin America Solar Powered UAV by Country
8.1 Latin America Solar Powered UAV Historic Market Size by Country
8.1.1 Latin America Solar Powered UAV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Powered UAV Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Powered UAV Sales in Value by Country (2018-2023)
8.2 Latin America Solar Powered UAV Forecasted Market Size by Country
8.2.1 Latin America Solar Powered UAV Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Powered UAV Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Powered UAV by Country
9.1 Middle East and Africa Solar Powered UAV Historic Market Size by Country
9.1.1 Middle East and Africa Solar Powered UAV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Powered UAV Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Powered UAV Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Powered UAV Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Powered UAV Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Powered UAV Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 AeroVironment
10.1.1 AeroVironment Company Information
10.1.2 AeroVironment Introduction and Business Overview
10.1.3 AeroVironment Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.1.4 AeroVironment Solar Powered UAV Products Offered
10.1.5 AeroVironment Recent Development
10.2 Airbus
10.2.1 Airbus Company Information
10.2.2 Airbus Introduction and Business Overview
10.2.3 Airbus Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Airbus Solar Powered UAV Products Offered
10.2.5 Airbus Recent Development
10.3 Silent Falcon UAS Technologies
10.3.1 Silent Falcon UAS Technologies Company Information
10.3.2 Silent Falcon UAS Technologies Introduction and Business Overview
10.3.3 Silent Falcon UAS Technologies Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Silent Falcon UAS Technologies Solar Powered UAV Products Offered
10.3.5 Silent Falcon UAS Technologies Recent Development
10.4 Sunbirds
10.4.1 Sunbirds Company Information
10.4.2 Sunbirds Introduction and Business Overview
10.4.3 Sunbirds Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sunbirds Solar Powered UAV Products Offered
10.4.5 Sunbirds Recent Development
10.5 Sunlight Photonics
10.5.1 Sunlight Photonics Company Information
10.5.2 Sunlight Photonics Introduction and Business Overview
10.5.3 Sunlight Photonics Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sunlight Photonics Solar Powered UAV Products Offered
10.5.5 Sunlight Photonics Recent Development
10.6 Thales
10.6.1 Thales Company Information
10.6.2 Thales Introduction and Business Overview
10.6.3 Thales Solar Powered UAV Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Thales Solar Powered UAV Products Offered
10.6.5 Thales Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Powered UAV Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Powered UAV Industrial Chain Analysis
11.4 Solar Powered UAV Market Dynamics
11.4.1 Solar Powered UAV Industry Trends
11.4.2 Solar Powered UAV Market Drivers
11.4.3 Solar Powered UAV Market Challenges
11.4.4 Solar Powered UAV Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Powered UAV Distributors
12.3 Solar Powered UAV Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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