Latest research on Solar-powered UAV Market reports annualized growth of 15.2%

Solar-powered UAV Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Solar-powered UAV Market Study" explored substantial growth in North America and of 15.2%. According to the report, Technological Advancements Surfacing in Hydrogen Fuel Cell, Photovoltaic Cell, Hybrid Propulsion System, among others is one of the primary growth factors for the market. Increasing Usage of Renewable Energy Sources Worldwide is also expected to contribute significantly to the Solar-powered UAV market. Overall, Defense applications of Solar-powered UAV, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Component, such as Propulsion System, is boosting the Solar-powered UAV market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Solar-powered UAV market identified that the demand is rising in many different parts of the world as "Rising Demand from Emerging Economics Such as China and India". Furthermore, some recent industry insights like "In November 2016, the Sunbirds (France) company has launched SB4-Phoenix drone, which is a commercial solar drone. In addition, it has a wingspan of 3m, which is mainly suitable for infrastructure surveillance as well as precision agriculture, among other applications. Hence, it will benefit the increased product portfolio of the company." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Solar-powered UAV market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solar-powered UAV market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Solar-powered UAV Market Study

Data Triangulation
The overall Solar-powered UAV market size is calculated using market estimation process, the Solar-powered UAV market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Solar-powered UAV market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager