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Solar-powered UAV Market: Granular View of The Market from Various End-Use Segments

Unmanned aerial vehicles (UAVs) are autonomous aircraft, which are remotely controlled from the ground. Solar-powered UAV uses of solar energy that is transformed into electrical energy with the help of photovoltaic cells. Solar-powered UAV are widely used in military as well as civil applications. Professional aerial photography and surveillance, motion picture film making, data collection, agriculture and scientific research are some of the civil applications of solar-powered UAV. Some of the military applications of solar-powered UAV includes, attack missions pollution monitoring, search and rescue operations, disaster management, and communication purpose.

Increased adoption of UAVs in various end user industries and development of solar-powered propulsion systems are factors responsible for the growth of the global solar powered UAV market. Improved flight ranges with increase in capacity of each flight is one of the key factors driving the growth of the solar-powered unmanned aerial vehicles (UAVs) market globally. The growing adoption of solar-powered drones in civil & commercial applications is escalating the growth of solar powered UAV’s. Global solar-powered UAV market for commercial applications is majorly affected by the growth in adoption of UAVs in military application. These UAVs are also used for information collection and aerial photography in solar farming, mining and agricultural farming. The limited endurance capacity of conventional drones may hinder the growth of global solar powered UAV market.

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In order to reduce this restraint, government agencies collaborated with defense contractors for developing solar-powered UAVs which can fly over jet stream. Another driving force for this market is the enhanced security and surveillance activities. Also the initiatives taken by network providers to connect with remote rural regions with best quality internet services and increase in the consumer base are expected to drive market growth. Commercial organizations such as entertainment, agriculture, real estate and journalism, telecommunications, and governments are focusing on the commercial feasibility of using solar-powered drones. Moreover, in some regions, superior quality internet services coverage is restricted to urban sections of the society. Of the world population, only about a third makes use of internet services. One of the largest emerging trends in solar powered UAV market is the development of hybrid drones.

The global solar powered UAV market can be segmented on the basis of application and geography. On the basis of application, the global solar powered UAV market can be segmented into civil and commercial, and defense and military. Defense and military segment is expected to dominate the market throughout the forecast period owing to the use of solar-powered UAVs in search and rescue operations, pollution monitoring, security, disaster management, attack missions, and communications applications.

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The civil and commercial segment due to the use in agriculture, data collection, recreation and hobby, motion pictures filmmaking, professional aerial photography and surveillance, law enforcement, scientific research, conservation, oil and gas production, journalism, anti-poaching activity, disaster relief, archaeology, mineral, passenger transport, and cargo transport. Geographically, the global solar powered UAV market is divided into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America is anticipated to grow at highest rate during the forecast period owing to the growing use of solar-powered UAVs mainly in defense and military applications and high investment from the National Aeronautics and Space Administration (NASA), and the Department of Defense for numerous projects.

The global non resilient flooring market includes large number of players. Some of the key players are Airbus SE, AeroVironment, Inc., Alphabet, Lockheed Martin, Facebook Inc., Thales Group, ETH Zurich, AC Propulsion, Silent Falcon UAS Technologies, Boeing, DJI, Sunlight Photonics Inc., and Barnard Microsystems.

 

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