The Global Solar Powered UAV Market is valued at a significant rate and is expanding at a considerable CAGR over the forecast period of 2022-2030. The Solar-Powered UAV market has a lot of applications that includes surveillance, search & rescue operations, pollution monitoring, security, disaster management, attack missions, and intelligence gathering, among others.
Solar-powered drones, also known as solar-powered unmanned aerial vehicles (UAVs), are airborne vehicles that propel themselves using solar energy. These vehicles are controlled remotely by operators or autonomously by onboard computers.
Currently, only a few countries are producing solar-powered drones, and only a few end-users are purchasing them. However, the positive qualities of these drones, together with their capacity to adapt to a wide range of applications, are projected to boost demand for these drones in the coming years.
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Global Solar Powered UAV Market: Key Trends
Technological Advancements In Photovoltaic Cells Have Increased The Market Growth
One of the major factor that has fuelled the market growth over the forecast period is the technological advancements in the photovoltaic cells and also the hybrid propulsion system that has ultimately paved way in rising the endurance limit of conventional drones and also in preparing the new version called solar powered UAV. Thus, this has increased the market growth.
Restrictions And Laws, And Technical Laws Acts As A Main ChallengeThe major challenges that have restricted the market growth of the solar powered UAV market are the dissimilar restrictions and laws and also the technical constraints over the forecast period. also, the utility of these UAVs largely depends on the restrictions and laws imposed by the government.
Global Solar Powered UAV Market: Segmental Analysis
Based On Type:
- Fixed- Wing UAV
- Multi Rotor UAV
- Others
The fixed- wing UAV has dominated the market growth over the forecast period.
Based On Application:
- Commercial
- Defence and Military
- Other
The commercial segment has dominated the market growth over the forecast period.
Based On Component:
- Propulsion system
- Airframe
- Guidance navigation and control system
- Payload
Global Solar Powered UAV Market: Competitive Landscape
Some of the prominent companies operating in the market are AeroVironment Inc., Airbus S.A.S, Sunbirds SAS, Sunlight Aerospace, Thales Group, Silent Falcon., Barnard Microsystems Ltd., Lockheed Martin Corporation., DJI, Boeing.
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