The solar-powered UAV market size is expected to grow by USD 485.46 million and record a CAGR of 9.75% during 2020-2024.
This post-pandemic solar-powered uav market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this solar-powered UAV market analysis report, key drivers such as the rising focus on greater use of renewable energy sources have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges that will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Solar-powered UAV Market Size be in 2020?
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Who are the Key Vendors in the Solar-powered UAV Market?
The solar-powered UAV market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
- AeroVironment Inc.
- Airbus SE
- BAE Systems Plc
- Barnard Microsystems Ltd.
- Bye Aerospace Inc.
- Ocean Aero
- Sunbirds SAS
- Sunlight Aerospace
- Thales Group
- The Boeing Co.
The solar-powered UAV market is concentrated and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This solar-powered UAV market report further entails segmentation by end-user (defense and commercial) and geography (North America, Europe, APAC, South America, and MEA). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
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The report offers an up-to-date analysis of the geographical composition of the market. North America will record a fast growth rate during 2020-2024, owing to which the region should offer several growth opportunities to market vendors. The increasing use of drones in commercial and civil applications will significantly influence solar-powered UAV market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
49% of the market’s growth will originate from North America during the forecast period. The US is a key market for solar-powered UAVs in the region. This report provides estimations of the contribution of all regions to the growth of the solar-powered UAV market size.
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What are the Key Factors Covered in this Solar-powered UAV Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive solar-powered UAV market growth during the next five years
- Precise estimation of the solar-powered UAV market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the solar-powered UAV industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of solar-powered UAV market vendors
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Solar-powered UAV Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2019
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Forecast period
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2020-2024
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Growth momentum & CAGR
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Accelerate at a CAGR of 10%
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Market growth 2020-2024
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$ 485.46 million
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Market structure
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Concentrated
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YoY growth (%)
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8.93
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Regional analysis
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North America, Europe, APAC, South America, and MEA
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Performing market contribution
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North America at 49%
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Key consumer countries
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US, Russian Federation, China, France, and South Korea (Republic of Korea)
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Competitive landscape
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Leading companies, competitive strategies, consumer engagement scope
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Companies profiled
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AeroVironment Inc., Airbus SE, BAE Systems Plc, Barnard Microsystems Ltd., Bye Aerospace Inc., Ocean Aero, Sunbirds SAS, Sunlight Aerospace, Thales Group, and The Boeing Co.
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Market Dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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