The solar powered UAV uses solar cells for improved flight range and enhanced endurance. The market is still at a nascent stage, and the major players are continuously involved in the developments and launches of newer models. Positive outlook from the government and military sector is expected to create a favorable landscape for the market players over the coming years.
MARKET DYNAMICS
The solar powered UAV market is anticipated to grow in the forecast period owing to driving factors such as a growing need for improved security and surveillance activities coupled with technological developments in the field. Furthermore, growing acceptance in law enforcement and military applications is further likely to augment the market growth in the forecast period. However, technical constraints may hamper the growth of the solar powered UAV market during the forecast period.
MARKET SCOPE
The "Global Solar Powered UAV Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of solar powered UAV market with detailed market segmentation by range, application, and geography. The global solar powered UAV market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar powered UAV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solar powered UAV market is segmented on the basis of range and application. Based on range, the market is segmented as short, medium, and long. On the basis of the application, the market is segmented as commercial and military.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar powered UAV market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The solar powered UAV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting solar powered UAV market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the solar powered UAV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from solar powered UAV market are anticipated to lucrative growth opportunities in the future with the rising demand for solar powered UAV in the global market. Below mentioned is the list of few companies engaged in the solar powered UAV market.
The report also includes the profiles of key solar powered UAV companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AeroVironment, Inc.
- Airbus
- Aurora Flight Sciences (Boeing)
- BAE systems plc
- Barnard Microsystems Ltd.
- C-Astral d.o.o.
- Lockheed Martin Corporation
- M2K
- Sunbirds SAS
- Sunlight Aerospace Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.