Market Overview:
The global solar powered drones market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for solar powered drones for agricultural applications, rising demand for solar powered drones in military and defense applications, and growing demand for solar powered drones in telecommunication applications. However, factors such as high initial cost of deployment and lack of awareness about benefits offered by solar powered drones are restraining the growth of the global solar Powered Drones Market.
Product Definition:
Solar Powered Drones are drones that run on solar power. The importance of Solar Powered Drones is that they can fly for a longer time without needing to be recharged, and they don't produce any noise or emissions.
VTOL:
VTOL (Vertical Take-Off and Landing) is a type of aircraft which can take off and land vertically like a helicopter, but can also fly like an airplane. VTOL are generally smaller than conventional airplanes as they have limited space for passengers or cargo. The primary benefit of VTOL is that they require less space when stored in airports, as their fuselage is parallel to the ground instead of being inclined at an angle.
Fixed Wing:
Fixed-wing aircraft are craft that is propelled by a single wing which may or may not have a fuselage. It has more lift and momentum to carry its payload at a faster rate than helicopters. The main applications of fixed-wing aircraft include air transportation, freight delivery, mail service, passenger transport and combat operations among others.
Application Insights:
The energy segment dominated the global solar powered drones market in terms of revenue share in 2017. The growth can be attributed to increasing demand for electricity generated by renewable sources such as wind and solar. With the rising need for electricity, countries such as China are focusing on installing large-scale photovoltaic power plants to meet their growing demand. This is expected to drive the product demand over the forecast period.
Agriculture was estimated as one of the prominent applications of these aerial vehicles owing to advantages offered such as high efficiency and low operational costs coupled with precision agriculture activities that require frequent monitoring and field surveys. However, due to increased use in military operations along with other applications, agricultural usage accounted for a lower share compared to other segments in 2017.
Regional Analysis:
The North America regional market accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The region has been witnessing increasing demand from various application areas, particularly agriculture and military. Increasing use of drones in law enforcement operations to monitor crime or assist search-and-rescue missions is also expected to drive growth over the coming years.
Asia Pacific regional market is projected to witness significant growth during the forecast period owing to rising demand for UAVs from countries such as China, India, South Korea, Japan among others. Countries such as France and Germany have already established a strong presence across this region with major players shifting their manufacturing facilities into these regions due low labor costs coupled with availability of skilled workforce at a lower cost than developed nations like U.S., UK etc.; hence driving industry expansion across Asia Pacific region; especially into emerging economies of China & India (See Figure 1).
Growth Factors:
- Increasing demand for solar powered drones from the commercial sector for tasks such as aerial surveying and mapping, cargo delivery, and pipeline inspection.
- Rising popularity of solar powered drones among hobbyists and enthusiasts for recreational purposes such as racing and photography.
- Development of advanced technologies that make solar powered drones more efficient and reliable, thereby increasing their adoption rates.
- Growing awareness about the benefits of using solar powered drones in various applications across different industries.
- Reduction in the cost of solar energy systems, which is making it more affordable to operate solar-powered drones commercially
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Powered Drones Market Research Report
By Type
VTOL, Fixed Wing, Others
By Application
Agriculture, Energy, Military, Telecommunication, Others
By Companies
Airbus, Boeing, Facebook, AeroVironment, Lockheed Martin, Bye Engineering, Atlantik Solar
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solar Powered Drones Market Report Segments:
The global Solar Powered Drones market is segmented on the basis of:
Types
VTOL, Fixed Wing, Others
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
Agriculture, Energy, Military, Telecommunication, Others
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:
- Airbus
- Boeing
- Facebook
- AeroVironment
- Lockheed Martin
- Bye Engineering
- Atlantik Solar
Highlights of The Solar Powered Drones 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:
- VTOL
- Fixed Wing
- Others
- By Application:
- Agriculture
- Energy
- Military
- Telecommunication
- Others
- 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 Powered Drones 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
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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?
Solar Powered Drones are unmanned aerial vehicles that use solar power to fly. They can be used for a variety of purposes, including photography, mapping, and surveying.
Some of the major players in the solar powered drones market are Airbus, Boeing, Facebook, AeroVironment, Lockheed Martin, Bye Engineering, Atlantik Solar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Powered Drones Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Powered Drones Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Powered Drones Market - Supply Chain
4.5. Global Solar Powered Drones Market Forecast
4.5.1. Solar Powered Drones Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Powered Drones Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Powered Drones Market Absolute $ Opportunity
5. Global Solar Powered Drones Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Powered Drones Market Size and Volume Forecast by Type
5.3.1. VTOL
5.3.2. Fixed Wing
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Powered Drones Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Powered Drones Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Energy
6.3.3. Military
6.3.4. Telecommunication
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Powered Drones Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Powered Drones Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Powered Drones Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Powered Drones Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Powered Drones Demand Share Forecast, 2019-2026
9. North America Solar Powered Drones Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Powered Drones Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Powered Drones Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Energy
9.4.3. Military
9.4.4. Telecommunication
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Powered Drones Market Size and Volume Forecast by Type
9.7.1. VTOL
9.7.2. Fixed Wing
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Powered Drones Demand Share Forecast, 2019-2026
10. Latin America Solar Powered Drones Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Powered Drones Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Powered Drones Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Energy
10.4.3. Military
10.4.4. Telecommunication
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Powered Drones Market Size and Volume Forecast by Type
10.7.1. VTOL
10.7.2. Fixed Wing
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Powered Drones Demand Share Forecast, 2019-2026
11. Europe Solar Powered Drones Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Powered Drones Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Powered Drones Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Energy
11.4.3. Military
11.4.4. Telecommunication
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Powered Drones Market Size and Volume Forecast by Type
11.7.1. VTOL
11.7.2. Fixed Wing
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Tye
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Powered Drones Demand Share, 2019-2026
12. Asia Pacific Solar Powered Drones Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Powered Drones Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Powered Drones Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Energy
12.4.3. Military
12.4.4. Telecommunication
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Powered Drones Market Size and Volume Forecast by Type
12.7.1. VTOL
12.7.2. Fixed Wing
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Powered Drones Demand Share, 2019-2026
13. Middle East & Africa Solar Powered Drones Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Powered Drones Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Powered Drones Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Energy
13.4.3. Military
13.4.4. Telecommunication
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Powered Drones Market Size and Volume Forecast by Type
13.7.1. VTOL
13.7.2. Fixed Wing
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Powered Drones Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Powered Drones Market: Market Share Analysis
14.2. Solar Powered Drones Distributors and Customers
14.3. Solar Powered Drones Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airbus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boeing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Facebook
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AeroVironment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lockheed Martin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bye Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Atlantik Solar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
