The market for solar-powered drones is anticipated to reach US$ 1,017 million in value in 2023 and to grow at a CAGR of 14.1% to US$ 3,803.4 million by the end of 2033.
The drone industry is anticipated to grow at a 17.6% CAGR, reaching an estimated value of $33.9 billion globally in 2023. With a 12.4% CAGR, sales of solar-powered drones will increase to almost 228,000 units globally. In 2022, the drone market’s revenue from solar-powered drones was little under 3% of the total.
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Country-wise Analysis of Solar Powered Drones Market
Due to the existence of numerous important manufacturers who are substantially funding research initiatives as well as expanding pipelines, the country is experiencing significantly more growth than was initially anticipated for the solar-powered drone market. Thus, the US market for solar-powered drones is anticipated to reach US$ 294.5 million by 2023 and register a CAGR of 11.5% over the ensuing five years.
China is expected to develop into a lucrative market for solar-powered drones over the coming years due to its expanding infrastructure, population, and economic restrictions around emission controls. Therefore, it is anticipated that the Chinese solar-powered drone market would be worth US$118.2 million in 2023.
Key Companies Profiled
- Aerovironment
- Atlantiksolar
- Aurora Flight Sciences
- Xsun
- UAV Instruments
- Silent Falcon UAS Technologies
- Kea Aeeospace
Key Highlights
- The study analyses the state of the latest worldwide Solar Powered Drones market.
- The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
- The paper examines in great detail how the world market for Solar Powered Drones is changing.
- The research examines how the worldwide Solar Powered Drones market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organization.
- The report identifies prospects as well as the main obstacles you may face in the near future.
Segmentation of Solar Powered Drone Industry Research
- By Product Type :
- Fixed Wing
- Rotary Wing
- Hybrid Wing
- By Application :
- Filming & Photography
- Inspection & Maintenance
- Mapping & Surveying
- Precision Agriculture
- Surveillance & Monitoring
- Others
- By End User :
- Agriculture & Forestry
- Delivery & Logistics
- Media & Entertainment
- Construction & Mining
- Oil & Gas
- Security & Law Enforcement
- Recreational Activity
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
This international paper describes the tactics that support brand growth in the Solar Powered Drones market. To assist market participants in selecting the best location and pertinent segment to invest in the future, high-risk elements such as cyberattack, fraud, natural disaster, and geopolitical conflicts affecting the region are researched.
