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.
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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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Powered UAV Market - By Range
1.3.2 Solar Powered UAV Market - By Application
1.3.3 Solar Powered UAV Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SOLAR POWERED UAV MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR POWERED UAV MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SOLAR POWERED UAV MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR POWERED UAV - GLOBAL MARKET OVERVIEW
6.2. SOLAR POWERED UAV - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR POWERED UAV MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
7.1. OVERVIEW
7.2. RANGE MARKET FORECASTS AND ANALYSIS
7.3. SHORT
7.3.1. Overview
7.3.2. Short Market Forecast and Analysis
7.4. MEDIUM
7.4.1. Overview
7.4.2. Medium Market Forecast and Analysis
7.5. LONG
7.5.1. Overview
7.5.2. Long Market Forecast and Analysis
8. SOLAR POWERED UAV MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. SOLAR POWERED UAV MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Powered UAV Market Overview
9.1.2 North America Solar Powered UAV Market Forecasts and Analysis
9.1.3 North America Solar Powered UAV Market Forecasts and Analysis - By Range
9.1.4 North America Solar Powered UAV Market Forecasts and Analysis - By Application
9.1.5 North America Solar Powered UAV Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Powered UAV Market
9.1.5.1.1 United States Solar Powered UAV Market by Range
9.1.5.1.2 United States Solar Powered UAV Market by Application
9.1.5.2 Canada Solar Powered UAV Market
9.1.5.2.1 Canada Solar Powered UAV Market by Range
9.1.5.2.2 Canada Solar Powered UAV Market by Application
9.1.5.3 Mexico Solar Powered UAV Market
9.1.5.3.1 Mexico Solar Powered UAV Market by Range
9.1.5.3.2 Mexico Solar Powered UAV Market by Application
9.2. EUROPE
9.2.1 Europe Solar Powered UAV Market Overview
9.2.2 Europe Solar Powered UAV Market Forecasts and Analysis
9.2.3 Europe Solar Powered UAV Market Forecasts and Analysis - By Range
9.2.4 Europe Solar Powered UAV Market Forecasts and Analysis - By Application
9.2.5 Europe Solar Powered UAV Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Powered UAV Market
9.2.5.1.1 Germany Solar Powered UAV Market by Range
9.2.5.1.2 Germany Solar Powered UAV Market by Application
9.2.5.2 France Solar Powered UAV Market
9.2.5.2.1 France Solar Powered UAV Market by Range
9.2.5.2.2 France Solar Powered UAV Market by Application
9.2.5.3 Italy Solar Powered UAV Market
9.2.5.3.1 Italy Solar Powered UAV Market by Range
9.2.5.3.2 Italy Solar Powered UAV Market by Application
9.2.5.4 United Kingdom Solar Powered UAV Market
9.2.5.4.1 United Kingdom Solar Powered UAV Market by Range
9.2.5.4.2 United Kingdom Solar Powered UAV Market by Application
9.2.5.5 Russia Solar Powered UAV Market
9.2.5.5.1 Russia Solar Powered UAV Market by Range
9.2.5.5.2 Russia Solar Powered UAV Market by Application
9.2.5.6 Rest of Europe Solar Powered UAV Market
9.2.5.6.1 Rest of Europe Solar Powered UAV Market by Range
9.2.5.6.2 Rest of Europe Solar Powered UAV Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Powered UAV Market Overview
9.3.2 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Range
9.3.4 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar Powered UAV Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Powered UAV Market
9.3.5.1.1 Australia Solar Powered UAV Market by Range
9.3.5.1.2 Australia Solar Powered UAV Market by Application
9.3.5.2 China Solar Powered UAV Market
9.3.5.2.1 China Solar Powered UAV Market by Range
9.3.5.2.2 China Solar Powered UAV Market by Application
9.3.5.3 India Solar Powered UAV Market
9.3.5.3.1 India Solar Powered UAV Market by Range
9.3.5.3.2 India Solar Powered UAV Market by Application
9.3.5.4 Japan Solar Powered UAV Market
9.3.5.4.1 Japan Solar Powered UAV Market by Range
9.3.5.4.2 Japan Solar Powered UAV Market by Application
9.3.5.5 South Korea Solar Powered UAV Market
9.3.5.5.1 South Korea Solar Powered UAV Market by Range
9.3.5.5.2 South Korea Solar Powered UAV Market by Application
9.3.5.6 Rest of Asia-Pacific Solar Powered UAV Market
9.3.5.6.1 Rest of Asia-Pacific Solar Powered UAV Market by Range
9.3.5.6.2 Rest of Asia-Pacific Solar Powered UAV Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Powered UAV Market Overview
9.4.2 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Range
9.4.4 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar Powered UAV Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Powered UAV Market
9.4.5.1.1 South Africa Solar Powered UAV Market by Range
9.4.5.1.2 South Africa Solar Powered UAV Market by Application
9.4.5.2 Saudi Arabia Solar Powered UAV Market
9.4.5.2.1 Saudi Arabia Solar Powered UAV Market by Range
9.4.5.2.2 Saudi Arabia Solar Powered UAV Market by Application
9.4.5.3 U.A.E Solar Powered UAV Market
9.4.5.3.1 U.A.E Solar Powered UAV Market by Range
9.4.5.3.2 U.A.E Solar Powered UAV Market by Application
9.4.5.4 Rest of Middle East and Africa Solar Powered UAV Market
9.4.5.4.1 Rest of Middle East and Africa Solar Powered UAV Market by Range
9.4.5.4.2 Rest of Middle East and Africa Solar Powered UAV Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Powered UAV Market Overview
9.5.2 South and Central America Solar Powered UAV Market Forecasts and Analysis
9.5.3 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Range
9.5.4 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar Powered UAV Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Powered UAV Market
9.5.5.1.1 Brazil Solar Powered UAV Market by Range
9.5.5.1.2 Brazil Solar Powered UAV Market by Application
9.5.5.2 Argentina Solar Powered UAV Market
9.5.5.2.1 Argentina Solar Powered UAV Market by Range
9.5.5.2.2 Argentina Solar Powered UAV Market by Application
9.5.5.3 Rest of South and Central America Solar Powered UAV Market
9.5.5.3.1 Rest of South and Central America Solar Powered UAV Market by Range
9.5.5.3.2 Rest of South and Central America Solar Powered UAV Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR POWERED UAV MARKET, KEY COMPANY PROFILES
11.1. AEROVIRONMENT, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIRBUS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AURORA FLIGHT SCIENCES (BOEING)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BAE SYSTEMS PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BARNARD MICROSYSTEMS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. C-ASTRAL D.O.O.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LOCKHEED MARTIN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. M2K
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUNBIRDS SAS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUNLIGHT AEROSPACE INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AeroVironment, Inc.2. Airbus3. Aurora Flight Sciences (Boeing)4. BAE systems plc5. Barnard Microsystems Ltd.6. C-Astral d.o.o.7. Lockheed Martin Corporation8. M2K9. Sunbirds SAS10. Sunlight Aerospace Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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