Solar Powered UAV Market was valued at USD 320 Million in 2020
The Solar Powered UAV market is growing with significant growth from last couple of years and in the year 2020, the market of Solar Powered UAV was valued at USD 320 Million and is expected to reach around USD 610 million by the end of the year 2027 with CAGR of 8.83%.
The solar-powered unmanned aerial vehicles market is being driven by significant technological breakthroughs. The solar powered UAV market is expected to develop due to a variety of uses for UAVs. It's utilised for a variety of recreational, industrial, agricultural, and scientific applications. Several businesses are turning to these goods because they aid in the monitoring of critical jobs or surveillance.
The companies mentioned in the report are:
Silent Falcon UAS Technologies
Global Solar Powered UAV Market Analysis By Type
The solar-powered UAVs market may be limited by a number of factors. The limited capability of conventional drones is one of the primary factors. Furthermore, the huge costs of these drones, their maintenance and operation may obstruct the global solar powered UAVs market.
The photovoltaic cells in the solar-powered UAV help to increase the flight range's capacity. They are also used for both business and non-commercial applications, and they have advanced technologically. Hydroelectric propulsion engines, photovoltaic cells and hydrogen fuels have all seen a surge in recent years. Many governments are emphasising the need of connecting rural communities.