Global Solar Powered Unmanned Aerial Vehicle (UAV) Market, By Type (Fixed-Wing, Rotorcraft, Umbrella), Component (Propulsion System, Airframe, Guidance Navigation and Control System, Payload), Application (Defense, Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Solar Powered Unmanned Aerial Vehicle (UAV) Market
The solar powered unmanned aerial vehicle (UAV) market is expected to witness lucrative growth within the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.30% in the above-mentioned forecast period.
Solar powered unmanned aerial vehicle (UAV) also referred as piloted aircraft or drones are basically the aircraft that can fly autonomously or remotely and uses limitless power source in case of electrical systems including propulsion systems. Solar-powered unmanned aerial vehicle basically use photovoltaic panels to absorb sun’s energy and then convert it to electrical energy and then the electric motor converts it to kinetic energy.
The factors such as growth in adoption of solar powered unmanned aerial vehicle (UAV) for civil and commercial applications due to its enhanced security and surveillance activities has resulted in growth in the market value. In addition to this the rapid introduction of solar powered unmanned aerial vehicle to execute various activities such as real-time image transmission or internet service delivery which further induce the demand for the market. However, the limited endurance capacity of conventional solar powered unmanned aerial vehicle (UAV) part in airlines engine is one of the major issue that will hamper the market’s growth rate.
Also, further technological advancements will also create lucrative growth opportunities for the market. The factors such as dissimilar restrictions and policies, technical constraints and deferred or withdrawn funds are challenging for the market.
This solar powered unmanned aerial vehicle (UAV) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on solar powered unmanned aerial vehicle (UAV) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Solar Powered Unmanned Aerial Vehicle (UAV) Market Scope and Market Size
The solar powered unmanned aerial vehicle (UAV) market is segmented on the basis of type, component and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the solar powered unmanned aerial vehicle (UAV) market has been segmented into fixed-wing, rotorcraft and umbrella.
- On the basis of component, the market is segmented into propulsion system, airframe, guidance navigation and control system and payload.
- On the basis of application, the solar powered unmanned aerial vehicle (UAV) market is segmented into defense and commercial.
Solar Powered Unmanned Aerial Vehicle (UAV) Market Country Level Analysis
The global solar powered unmanned aerial vehicle (UAV) market is analyzed and market size insights and trends are provided by type, component and application as referenced above.
The countries covered in the solar powered unmanned aerial vehicle (UAV) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the solar powered unmanned aerial vehicle (UAV) market and will continue to flourish its trend of dominance during the forecast period owing to the high investment from the NASA, and the Department of Defense for numerous projects in the region. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the significant demand from both defense and commercial sectors in countries such as China and South Korea within this region.
The country section of the solar powered unmanned aerial vehicle (UAV) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Solar Powered Unmanned Aerial Vehicle (UAV) Market Share Analysis
The solar powered unmanned aerial vehicle (UAV) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solar powered unmanned aerial vehicle (UAV) market.
The major players covered in the solar powered unmanned aerial vehicle (UAV) market report are Sunbirds SAS., Ocean Aero, DJI, Parrot Drones SAS, Elbit Systems Ltd, ZEROTECH., Yamaha Motor Corporation, Draganfly Innovations, Barnard Microsystems Ltd, Skycatch, Inc., PrecisionHawk, Lockheed Martin Corporation, Boeing, BAE Systems Plc, AIR6 SYSTEMS, Sunlight Aerospace, Thales Group, INSITU, Aurora Flight Sciences, Intel Corporation, silentfalconuas, Bye Aerospace Inc, EHang, HUVRData, AeroVironment Inc., Airbus S.A.S, General Dynamics Mission Systems, Inc., Flyability, Northrop Grumman among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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