Dublin, July 05, 2024 (GLOBE NEWSWIRE) -- The "Solar-powered UAVs - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Solar-powered UAVs was valued at an estimated US$1.3 Billion in 2023 and is projected to reach US$2.3 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Significant trends in the solar UAV market include the growing use of hydrogen fuel cells in combination with solar power, which further extends flight times and improves operational efficiency. Innovations in solar panel efficiency, energy storage solutions, and lightweight materials are continually improving the performance and reliability of solar UAVs. Another important trend is the incorporation of advanced autonomous flight control systems, which ensure high precision and stability even in challenging conditions, thus boosting the reliability of these drones.
The market is also seeing increased deployment of solar UAVs in remote sensing and environmental monitoring, where they collect critical data on air and water quality, vegetation health, and the effects of climate change. Additionally, regulatory support for eco-friendly technologies and the expanding infrastructure for solar energy are further encouraging the adoption of solar UAVs. These trends, coupled with the growing need for efficient and sustainable aerial surveillance and data collection methods, are expected to drive substantial growth in the solar UAV market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Filming & Photography Application segment, which is expected to reach US$693.2 Million by 2030 with a CAGR of a 9.6%. The Inspection & Maintenance Application segment is also set to grow at 7.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $342.6 Million in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $371.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Solar-powered UAVs Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solar-powered UAVs Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Solar-powered UAVs Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AeroVironment, Inc., Airbus Sas, Atlantik Solar, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 134 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $2.3 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Solar-powered UAVs - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in Solar Cell Efficiency Propel Growth in UAV Capabilities and Performance
- Increasing Government Investments in Renewable Energy Accelerate Demand for Solar-powered UAVs
- Environmental Concerns Expand Addressable Market Opportunity for Eco-friendly UAV Solutions
- Technological Innovations in Energy Storage Solutions Strengthen Business Case for Solar-powered UAV Adoption
- Rising Demand for Surveillance and Monitoring Spurs Market Growth and Innovation
- Integration of AI and Machine Learning Technologies Drives Adoption of Autonomous Solar-powered UAVs
- Increasing Use in Precision Agriculture Throws the Spotlight on Solar UAV Applications in Farming and Crop Management
- Enhanced Endurance Capabilities Sustain Growth by Extending Operational Times for UAVs
- Advancements in Autonomous Flight Systems Propel Technological Adoption and Operational Efficiency
- Cost Reduction in Solar Technology Expands Market Reach and Accessibility for Various Industries
- Increasing Disaster Management Applications Highlight the Versatility and Importance of UAVs in Crisis Situations
- Growing Adoption in Remote Sensing Technologies Accelerates Market Growth and Data Collection Capabilities
- Urban Air Mobility Trends Highlight Future Potential for Solar-powered UAVs in Urban Environments
- Climate Change Mitigation Efforts Strengthen Adoption Rates of Solar-powered UAVs as Sustainable Solutions
- Rising Use in the Oil & Gas Sector Generates New Revenue Streams and Operational Efficiencies
- Development of High-Altitude UAVs Expands Operational Scope and Applications in Various Industries
FOCUS ON SELECT PLAYERS(Total 38 Featured)
- AeroVironment, Inc.
- Airbus Sas
- Atlantik Solar
- Aurora Flight Sciences
- Autonomous Robots Lab
- Avy
- BAE Systems PLC
- Chinese Academy of Aerospace Aerodynamics
- Elektra Solar GmbH
- Eos Technologie
- KEA Aerospace
- Lockheed Martin Corporation
- Prades Imasd, S.L.
- Skydweller
- XSUN
For more information about this report visit https://www.researchandmarkets.com/r/zhuuee
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