Solar Powered UAV Market to Grow with a CAGR of 5.46% Globally through to 2028
Environmental Concerns and Renewable Energy Adoption,
Advancements in Solar Technology, and Growing Demand for Persistent
Surveillance are factors driving the Global Solar Powered UAV market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Solar
Powered UAV Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Solar Powered UAV Market stood at
USD 551 million in 2022 and is anticipated to grow with a CAGR of 5.46% in the
forecast period, 2024-2028. Solar-powered
unmanned aerial vehicles (UAVs) are drones that use solar cells directly
powered by the sun to power their operations. Solar cells are installed on
solar-powered unmanned aerial vehicles (UAVs). During the day, these solar
cells absorb solar energy. The power generated by the captured energy is used
to power the drone and other onboard electronics. Furthermore, the power is
used to recharge the on-board battery, which provides power during the night.
Surveillance, search and rescue operations, pollution monitoring, security,
disaster management, attack missions, and intelligence gathering are some of
the solar-powered UAV market applications. Several companies are exploring the
possibility of using such UAVs to deliver goods, which could lower the cost of
using drivers for door-to-door service. Increased development of solar-powered
drones for defense applications, as well as increased demand for drone
services, are expected to drive the global solar-powered UAV market during the
forecast period.
Browse over market data Figures spread through 180
Pages and an in-depth TOC on "Global Solar Powered UAV Market.”
The Global Solar Power Unmanned Aerial Vehicle (UAV)
Market is a dynamic and rapidly evolving sector within the broader UAV and
renewable energy markets. Solar-powered UAVs, often referred to as solar
drones, are equipped with photovoltaic panels that harness the energy of the
sun to power their flight. These innovative aerial vehicles have gained
substantial attention and recognition due to their potential to revolutionize
various industries, including agriculture, environmental monitoring,
telecommunications, surveillance, and disaster management. One of the defining
characteristics of the Global Solar Power UAV Market is its commitment to
sustainability and environmental responsibility. As the world grapples with the
effects of climate change and the need to reduce carbon emissions,
solar-powered UAVs offer a clean and renewable alternative to traditional
fossil fuel-powered drones. By harnessing solar energy, these UAVs can achieve
longer flight durations, lower operational costs, and reduced environmental
impact. This aligns with the global shift towards sustainable practices and
green technologies.
The solar-powered UAV market is marked by a range of
key drivers and challenges that shape its growth and potential. These drivers
include the growing demand for long-endurance and environmentally friendly UAV
solutions, advancements in solar technology, and the need for enhanced aerial
data collection capabilities. Challenges include the limitations of solar
power, weather dependence, and the development of efficient energy storage
solutions for nighttime and cloudy conditions.
One of the significant drivers propelling the Global
Solar Power UAV Market is the increasing demand for long-endurance and
environmentally friendly UAV solutions. Traditional UAVs are often limited by
the duration of their flights, which is primarily determined by the capacity of
their onboard batteries. Solar-powered UAVs overcome this limitation by
continuously recharging their batteries through solar panels, enabling them to
fly for extended periods. This is especially advantageous for applications like
agricultural monitoring, where continuous surveillance over large fields is
essential, or environmental monitoring, where persistent data collection is
required. These UAVs offer cost-effective, sustainable solutions that reduce
the need for frequent battery replacements and refueling, making them appealing
to a wide range of industries. Advancements in solar technology also play a
significant role in driving the growth of the solar-powered UAV market. Solar
cells and photovoltaic panels are becoming more efficient and lightweight,
allowing for improved energy capture and longer flight durations. The
incorporation of high-efficiency solar cells enables UAVs to generate
sufficient power even in lower light conditions, such as during cloud cover or
when flying at higher latitudes. These advancements are expanding the practical
applications of solar drones and enhancing their operational reliability.
Furthermore, the need for enhanced aerial data
collection capabilities is pushing the adoption of solar-powered UAVs.
Industries such as agriculture, forestry, environmental monitoring, and disaster
management require aerial data for tasks like crop analysis, forest
surveillance, wildlife tracking, and disaster assessment. Solar-powered UAVs
can carry a variety of sensors and payloads, making them versatile platforms
for data collection. Their extended flight times allow for more comprehensive
and efficient data acquisition, contributing to improved decision-making and
resource management.
Despite these
drivers, the Global Solar Power UAV Market faces its share of challenges. One
such challenge is the inherent limitation of solar power. Solar drones are
reliant on sunlight to generate electricity, and their performance can be
affected by factors like cloud cover, shadows, and nighttime conditions. The
need to continuously operate in well-illuminated environments can be a limiting
factor for some applications, especially in regions with extended periods of
darkness or persistent cloud cover. As a result, solar-powered UAVs may require
supplementary power sources or advanced energy storage solutions to ensure
uninterrupted operation.
The market also grapples with weather dependence as a
challenge. Weather conditions, such as rain, snow, strong winds, or
thunderstorms, can impact the ability of solar drones to operate safely and
efficiently. Adverse weather can reduce solar energy production, limit flight
time, and pose risks to the UAV's stability and functionality. Mitigating these
weather-related challenges requires the development of robust and
weather-resistant solar UAV designs that can withstand a range of environmental
conditions.
Major companies operating in Global Solar Powered
UAV Market are:
- AeroVironment, Inc.
- Airbus
- Aurora Flight Sciences (Boeing)
- BAE systems plc
- Barnard Microsystems Ltd
- C-Astral d.0.0
- Lockheed Martin Corporation
- M2k
- Sunbirds SAS
- Sunlight Aerospace Inc.
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“The Global
Solar Power Unmanned Aerial Vehicle (UAV) Market is a dynamic and innovative
sector that is gaining prominence in various industries. Solar-powered UAVs
harness renewable energy from the sun to achieve long-endurance flight, making
them eco-friendly and cost-effective alternatives to traditional drones. This
market is driven by the growing demand for sustainable and long-duration aerial
solutions in applications such as agriculture, environmental monitoring,
surveillance, and telecommunications. Advancements in solar technology have
significantly improved the efficiency of photovoltaic panels, allowing solar
drones to operate even in challenging lighting conditions. However, challenges
related to weather dependence and energy storage solutions for night-time
operations need to be addressed for the market's continued growth. The Global
Solar Power UAV Market holds immense potential for revolutionizing aerial
operations with its sustainable and extended flight capabilities.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Solar
Powered UAV Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Fixed Wing, Rotorcraft, Umbrella), By Component
Type (Propulsion System, Airframe, Guidance Navigation and Control System,
Payload), By Application Type (Defense, Commercial) By Region, Competition,
2018-2028”, has evaluated the future growth potential of Global Solar
Powered UAV Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Solar Powered UAV Market.
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