Solar-powered UAV Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR43711

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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.


Which are the Key Regional Markets for Solar-powered UAV Market?


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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

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2020-2024

$ 485.46 million

Market structure


YoY growth (%)


Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 49%

Key consumer countries

US, Russian Federation, China, France, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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,

Customization purview

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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Defense - Market size and forecast 2019-2024
    • Commercial - Market size and forecast 2019-2024
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AeroVironment Inc.
      • Airbus SE
      • BAE Systems Plc
      • Barnard Microsystems Ltd.
      • Bye Aerospace Inc.
      • Ocean Aero
      • Sunbirds SAS
      • Sunlight Aerospace
      • Thales Group
      • The Boeing Co.


      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      TechnavioREPORT WRITING


      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis


      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The solar-powered uav market growth will increase by $485.46 million during 2019-2024.
      The solar-powered uav market is expected to grow at a CAGR of 9.75% during 2019-2024.
      Technavio has segmented the solar-powered uav market by end user (Defense and Commercial) and geographic (North America, Europe, APAC, South America, and MEA).
      AeroVironment Inc., Airbus SE, BAE Systems Plc, Barnard Microsystems Ltd., Bye Aerospace Inc., Ocean Aero, Sunbirds SAS, Sunlight Aerospace, Thales Group, The Boeing Co. are a few of the key vendors in the solar-powered uav market.
      North America will register the highest growth rate of 48.54% among the other regions. Therefore, the solar-powered uav market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Russian Federation
      • China
      • France
      • South Korea (Republic of Korea)
      The key factors driving the solar-powered uav market growth are:
      • Focus on greater use of renewable energy sources
      • NA
      The solar-powered uav market vendors should focus on grabbing business opportunities from the defense segment as it accounted for the largest market share in the base year.
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