Solar-powered UAV market | Evolving Opportunities with AeroVironment Inc. and Airbus SE | 17000+ Technavio Reports

NEW YORK, Aug. 30, 2021 /PRNewswire/ — The global solar-powered UAV market is expected to grow by $ 485.46 mn…

NEW YORK, Aug. 30, 2021 /PRNewswire/ — The global solar-powered UAV market is expected to grow by $ 485.46 mn during 2020-2024, as per Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2021. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 10%. 

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Read the 127-page report with TOC on «Solar-powered UAV Market Analysis Report by End-user (Defense and Commercial) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2020-2024″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.

The solar-powered UAV market is driven by the focus on the greater use of renewable energy sources. In addition, the increasing use of drones in commercial and civil applications is anticipated to boost the growth of the Solar-powered UAV Market.

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Major Solar-powered UAV Companies:

  • AeroVironment Inc.
  • Airbus SE
  • BAE Systems Plc
  • Barnard Microsystems Ltd.
  • Bye Aerospace Inc.
  • Ocean Aero
  • Sunbirds SAS
  • Sunlight Aerospace
  • Thales Group
  • The Boeing Co.

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Solar-powered UAV Market End-user Outlook (Revenue, USD mn, 2019-2024)

  • Defense – size, and forecast 2019-2024
  • Commercial – size and forecast 2019-2024

Solar-powered UAV Market Geography Outlook (Revenue, USD mn, 2019-2024)

  • North America – size and forecast 2019-2024
  • Europe – size and forecast 2019-2024
  • APAC – size and forecast 2019-2024
  • South America – size and forecast 2019-2024
  • MEA – size and forecast 2019-2024

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SOURCE Technavio