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:
BAE Systems Plc
Barnard Microsystems Ltd.
Bye Aerospace Inc.
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.
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.
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.