Market Overview:
The global solar cell (photovoltaic) module market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising concerns about climate change. In addition, government initiatives and subsidies for installation of solar cells are also contributing to the growth of this market. The global solar cell (photovoltaic) module market is segmented on the basis of type, application, and region. On the basis of type, it is divided into manned airborne radar and UAV-borne radar segments. The manned airborne radar segment is further classified into three types: fighter aircrafts, bombers, and reconnaissance aircrafts. The UAV-borne radar segment includes both military as well as civil applications such as border security surveillance, traffic monitoring & control systems etc.
 Module Industry Outlook.svg)
Product Definition:
A solar cell (photovoltaic) module is a packaged, connected assembly of solar cells designed for use in photovoltaic arrays. A single module can produce only a limited amount of power, so modules are usually grouped into arrays containing multiple cells. The electrical output of a PV module is determined by its size and the quality of the silicon it is made from.
Manned Airborne Radar:
Manned airborne radar is a device that aids in detecting objects on the ground and helps in mapping out areas for further exploration. It also helps to identify natural resources such as oil, gas, and minerals. The market for maned airborne radar is expected to witness significant growth over the forecast period owing to its increasing usage in solar cell (photovoltaic) module industry.
UAV-Borne Radar:
Unmanned Aerial Vehicle-Borne Radar (UAV-BR) is a remote sensing technology that uses radio frequency to bounce off the signals off the target and received back to receive data. It helps in imaging objects at a great distance, which assists in solar cell (photovoltaic) module market monitoring and mapping. The major use of this technology is for water management, agriculture, disaster management & search & rescue activities.
Application Insights:
The civil segment dominated the global solar cell (photovoltaic) module market in terms of revenue in 2017. Factors such as growing urbanization, rising disposable income and government initiatives are expected to drive the demand for solar energy in various applications including household electrification. The deployment of large-scale photovoltaic power generation projects is also anticipated to augment the demand for these modules over the forecast period.
The military segment accounted for a significant share owing to increasing investments by countries such as China and India that are major producers of PV panels. For instance, GES signed an agreement with France's EDF Energy Systems on 19 April 2018 under which it will build two utility scale PV plants with a total capacity of around 40 GW across several sites in India over the next 10 years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government investments in rural electrification and economic development programs, especially in countries such as India, South Korea, and Japan. In addition, favorable government policies promoting domestic solar energy production are anticipated to drive industry expansion over the coming years.
The European photovoltaic cell (PV) module market is projected to register a CAGR of XX% from 2018 to 2030 owing its geographical location with major PV panel manufacturing hubs including Germany and Italy contributing significantly towards industry growth across this region since 2016. However, strict environmental regulations regarding carbon emissions may hinder product demand in Europe during the forecast period.
Growth Factors:
- Increasing demand from the electrical and electronics industry for solar cells to be used in a wide range of products.
- Government initiatives and subsidies for installation of solar cells to promote renewable energy sources.
- Rising prices of traditional fuels such as oil, gas, and coal which is making renewable energy sources more attractive investment option.
- Technological advancements that have made solar cells more efficient and affordable than ever before
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cell (Photovoltaic) Module Market Research Report
By Type
Manned Airborne Radar, UAV-Borne Radar
By Application
Civil, Military
By Companies
Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon, IAI, Thales, Saab, Telephonics, L3Harris Technologies, Leonardo S.p.A., CASIC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cell (Photovoltaic) Module Market Report Segments:
The global Solar Cell (Photovoltaic) Module market is segmented on the basis of:
Types
Manned Airborne Radar, UAV-Borne Radar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Raytheon
- IAI
- Thales
- Saab
- Telephonics
- L3Harris Technologies
- Leonardo S.p.A.
- CASIC
 Module Market Overview.svg)
Highlights of The Solar Cell (Photovoltaic) Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manned Airborne Radar
- UAV-Borne Radar
- By Application:
- Civil
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Cell (Photovoltaic) Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Module Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solar cell (photovoltaic) module is a device that converts sunlight into electricity. Solar cells are made up of many small, thin panels that are glued or screwed together to form a larger unit.
Some of the major players in the solar cell (photovoltaic) module market are Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon, IAI, Thales, Saab, Telephonics, L3Harris Technologies, Leonardo S.p.A., CASIC.
The solar cell (photovoltaic) module market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Cell (Photovoltaic) Module Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solar Cell (Photovoltaic) Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Cell (Photovoltaic) Module Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solar Cell (Photovoltaic) Module Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solar Cell (Photovoltaic) Module Market Size & Forecast, 2020-2028
4.5.1 Solar Cell (Photovoltaic) Module Market Size and Y-o-Y Growth
4.5.2 Solar Cell (Photovoltaic) Module Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manned Airborne Radar
5.2.2 UAV-Borne Radar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Civil
6.2.2 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Cell (Photovoltaic) Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar Cell (Photovoltaic) Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manned Airborne Radar
9.6.2 UAV-Borne Radar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Civil
9.10.2 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manned Airborne Radar
10.6.2 UAV-Borne Radar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Civil
10.10.2 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manned Airborne Radar
11.6.2 UAV-Borne Radar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Civil
11.10.2 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manned Airborne Radar
12.6.2 UAV-Borne Radar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Civil
12.10.2 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manned Airborne Radar
13.6.2 UAV-Borne Radar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Civil
13.10.2 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar Cell (Photovoltaic) Module Market: Competitive Dashboard
14.2 Global Solar Cell (Photovoltaic) Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Northrop Grumman Corporation
14.3.2 Lockheed Martin Corporation
14.3.3 Raytheon
14.3.4 IAI
14.3.5 Thales
14.3.6 Saab
14.3.7 Telephonics
14.3.8 L3Harris Technologies
14.3.9 Leonardo S.p.A.
14.3.10 CASIC
