The global solar powered drones market stood at USD 825.4 million in 2019, and is likely to be valued at USD 2,135.2 million by 2027, at a CAGR of 13.2% over the forecast period. The growth can be primarily attributed to the rising security and surveillance activities across the globe along with favorable government regulations to promote renewable energy. Moreover, expanding application base for solar powered drones is set to further propel the market demand. However, restricted coverage of internet services along with various restrictions and laws across nations may deter the market growth.
Solar powered drones or UAVs may be defined as aircrafts that can fly without a pilot, and are generally operated either by software or a remote pilot. Solar powered drones were initially developed for use in missions alone. However, with time other significant commercial, agricultural, recreational, and transportation applications for solar powered drones have emerged. These drones make use of solar power by converting the radiation into electric power using PV cells and eventually into kinetic energy.
In addition, there has been a rising focus towards the use of renewable sources of energy instead of conventional fuels over the years. Various initiatives and regulations have been implemented by the governments across the globe to support renewable energy projects that can help deal with several environmental concerns such as carbon emissions and climate change. Also, considerable funding for research & development in solar powered drones has paved the way for next generation technologies.
Segment overview
On the basis of application, the defense segment held the major share of the market in 2019, and is expected to propel at a significant rate over the forecast period. The growth is primarily attributed to the increasing use of solar powered drones for security, monitoring, attack missions, spying, and search & rescue operations. Majority of the drones are being exclusively designed for surveillance along with others which are being used for offensive operations. Moreover, these drones are also being used to collect waste in ports and harbors and for wastewater management.
On the basis of region, North America dominated the global market for solar powered drones in 2019 owing to widespread usage of drones in the U.S. for defense as well as military operations. However, high growth is expected from Central & South American region due to rising popularity of solar powered drones in Brazil. Additionally, increasing use in China, Japan, Australia, and India on account of increasing traffic and security issues has significantly contributed to the market growth in Asia Pacific region.
The report provides detailed market outlook, and forecast the “Global Solar Powered Drones” market based on size, range, number of propellers, ariel platform, equipment, application and region.
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017, 2018 |
| Base Year | 2019 |
| Forecast Period | 2020-2017 |
| Units Considered | USD Million & Units |
| Segmentation By Size |
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| Segmentation by Range |
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| Segmentation By Number of Propellers |
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| Segmentation By Ariel Platform |
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| Segmentation By Equipment |
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| Segmentation By Application |
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| Regions Covered |
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| Key Company Profiles | Ascenta, Inc., Lockheed Martin, Boeing, QinetiQ, Silent Falcon, Titan Aerospace, Airbus S.A.S., Barnard Microsystems Limited, Sunlight Photonics Inc., & Thales Group, among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Solar powered drones market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.3.1. Raw material trends
3.4. Technological overview
3.5. Regulatory framework
3.6. Solar powered drones market : developed v/s developing countries
3.7. Market opportunities & trends
3.7.1. Rise in security and surveillance activities across the globe
3.7.2. Growing adoption of hybrid drones
3.7.3. Progression in next generation technologies for solar powered drones
3.8. Market dynamics
3.8.1. Market driver analysis
3.8.1.1. Favorable government regulations to promote renewable energy
3.8.1.2. Expanding applications of solar powered drones
3.8.1.3. Impact analysis
3.8.2. Market restraint analysis
3.8.2.1. Restricted coverage of internet services
3.8.2.2. Presence of various restrictions and laws across nations
3.8.2.3. Impact analysis
3.9. Industry analysis – Porter’s
3.9.1. Bargaining power of suppliers
3.9.2. Bargaining power of buyers
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Competitive rivalry
3.10. PESTEL analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. COVID-19 Implications
5.1. Global industry impact of COVID-19 pandemic
5.1.1. Impact analysis by application
5.1.2. Analyst recommendations
CHAPTER 6. Global Solar Powered Drones Market Size and Forecast (2017 - 2027)
6.1. Global Solar Powered Drones Market, By Size (USD Million) (Units)
6.1.1. Small drones
6.1.2. Medium drones
6.1.3. Large drones
6.2. Global Solar Powered Drones Market, By Range (USD Million) (Units)
6.2.1. Very close range (< 5km)
6.2.2. Close range (<50km)
6.2.3. Short range (<150km)
6.2.4. Mid-range (<650 km)
6.3. Global Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
6.3.1. Tricopters
6.3.2. Quadcopters
6.3.3. Hexacopters
6.3.4. Octocopters
6.4. Global Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
6.4.1. Single-rotor drones
6.4.2. Multi-rotor drones
6.4.3. Fixed-wing drones
6.4.4. Fixed-wing hybrid drones
6.5. Global Solar Powered Drones Market, By Equipment (USD Million) (Units)
6.5.1. Camera
6.5.2. GPS
6.5.3. FPV
6.5.4. Stabilizer
6.6. Global Solar Powered Drones Market, By Application (USD Million) (Units)
6.6.1. Defense
6.6.2. Telecommunication
6.6.3. Energy
6.6.4. Recreation
6.6.5. Agriculture
6.6.6. Media & Entertainment
6.6.7. Others
6.7. Global Solar Powered Drones Market, By Region (USD Million) (Units)
6.7.1. North America
6.7.2. Europe
6.7.3. Asia-Pacific
6.7.4. Central & South America (CSA)
6.7.5. Middle East & Africa (MEA)
CHAPTER 7. Global Solar Powered Drones Market Size and Forecast, By Region (2017 - 2027)
7.1. North America Solar Powered Drones Market (USD Million) (Units)
7.1.1. North America Solar Powered Drones Market, By Country (USD Million) (Units)
7.1.2. North America Solar Powered Drones Market, By Size (USD Million) (Units)
7.1.3. North America Solar Powered Drones Market, By Range (USD Million) (Units)
7.1.4. North America Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.1.5. North America Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.1.6. North America Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.1.7. North America Solar Powered Drones Market, By Application (USD Million) (Units)
7.1.8. The U.S. Solar Powered Drones Market (USD Million) (Units)
7.1.8.1. The U.S. Solar Powered Drones Market, By Size (USD Million) (Units)
7.1.8.2. The U.S. Solar Powered Drones Market, By Range (USD Million) (Units)
7.1.8.3. The U.S. Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.1.8.4. The U.S. Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.1.8.5. The U.S. Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.1.8.6. The U.S. Solar Powered Drones Market, By Application (USD Million) (Units)
7.2. Europe Solar Powered Drones Market (USD Million) (Units)
7.2.1. Europe Solar Powered Drones Market, By Country (USD Million) (Units)
7.2.2. Europe Solar Powered Drones Market, By Size (USD Million) (Units)
7.2.3. Europe Solar Powered Drones Market, By Range (USD Million) (Units)
7.2.4. Europe Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.2.5. Europe Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.2.6. Europe Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.2.7. Europe Solar Powered Drones Market, By Application (USD Million) (Units)
7.2.8. Germany Solar Powered Drones Market (USD Million) (Units)
7.2.8.1. Germany Solar Powered Drones Market, By Size (USD Million) (Units)
7.2.8.2. Germany Solar Powered Drones Market, By Range (USD Million) (Units)
7.2.8.3. Germany Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.2.8.4. Germany Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.2.8.5. Germany Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.2.8.6. Germany Solar Powered Drones Market, By Application (USD Million) (Units)
7.2.9. The U.K Solar Powered Drones Market (USD Million) (Units)
7.2.9.1. The U.K Solar Powered Drones Market, By Size (USD Million) (Units)
7.2.9.2. The U.K Solar Powered Drones Market, By Range (USD Million) (Units)
7.2.9.3. The U.K Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.2.9.4. The U.K Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.2.9.5. The U.K Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.2.9.6. The U.K Solar Powered Drones Market, By Application (USD Million) (Units)
7.2.10. France Solar Powered Drones Market (USD Million) (Units)
7.2.10.1. France Solar Powered Drones Market, By Size (USD Million) (Units)
7.2.10.2. France Solar Powered Drones Market, By Range (USD Million) (Units)
7.2.10.3. France Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.2.10.4. France Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.2.10.5. France Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.2.10.6. France Solar Powered Drones Market, By Application (USD Million) (Units)
7.2.11. Italy Solar Powered Drones Market (USD Million) (Units)
7.2.11.1. Italy Solar Powered Drones Market, By Size (USD Million) (Units)
7.2.11.2. Italy Solar Powered Drones Market, By Range (USD Million) (Units)
7.2.11.3. Italy Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.2.11.4. Italy Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.2.11.5. Italy Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.2.11.6. Italy Solar Powered Drones Market, By Application (USD Million) (Units)
7.3. Asia-Pacific Solar Powered Drones Market (USD Million) (Units)
7.3.1. Asia-Pacific Solar Powered Drones Market, By Country (USD Million) (Units)
7.3.2. Asia-Pacific Solar Powered Drones Market, By Size (USD Million) (Units)
7.3.3. Asia-Pacific Solar Powered Drones Market, By Range (USD Million) (Units)
7.3.4. Asia-Pacific Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.3.5. Asia-Pacific Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.3.6. Asia-Pacific Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.3.7. Asia-Pacific Solar Powered Drones Market, By Application (USD Million) (Units)
7.3.8. China Solar Powered Drones Market (USD Million) (Units)
7.3.8.1. China Solar Powered Drones Market, By Size (USD Million) (Units)
7.3.8.2. China Solar Powered Drones Market, By Range (USD Million) (Units)
7.3.8.3. China Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.3.8.4. China Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.3.8.5. China Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.3.8.6. China Solar Powered Drones Market, By Application (USD Million) (Units)
7.3.9. Japan Solar Powered Drones Market (USD Million) (Units)
7.3.9.1. Japan Solar Powered Drones Market, By Size (USD Million) (Units)
7.3.9.2. Japan Solar Powered Drones Market, By Range (USD Million) (Units)
7.3.9.3. Japan Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.3.9.4. Japan Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.3.9.5. Japan Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.3.9.6. Japan Solar Powered Drones Market, By Application (USD Million) (Units)
7.3.10. India Solar Powered Drones Market (USD Million) (Units)
7.3.10.1. India Solar Powered Drones Market, By Size (USD Million) (Units)
7.3.10.2. India Solar Powered Drones Market, By Range (USD Million) (Units)
7.3.10.3. India Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.3.10.4. India Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.3.10.5. India Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.3.10.6. India Solar Powered Drones Market, By Application (USD Million) (Units)
7.3.11. South Korea Solar Powered Drones Market (USD Million) (Units)
7.3.11.1. South Korea Solar Powered Drones Market, By Size (USD Million) (Units)
7.3.11.2. South Korea Solar Powered Drones Market, By Range (USD Million) (Units)
7.3.11.3. South Korea Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.3.11.4. South Korea Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.3.11.5. South Korea Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.3.11.6. South Korea Solar Powered Drones Market, By Application (USD Million) (Units)
7.4. Central & South America (CSA) Solar Powered Drones Market (USD Million) (Units)
7.4.1. Central & South America (CSA) Solar Powered Drones Market, By Country (USD Million) (Units)
7.4.2. Central & South America (CSA) Solar Powered Drones Market, By Size (USD Million) (Units)
7.4.3. Central & South America (CSA) Solar Powered Drones Market, By Range (USD Million) (Units)
7.4.4. Central & South America (CSA) Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.4.5. Central & South America (CSA) Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.4.6. Central & South America (CSA) Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.4.7. Central & South America (CSA) Solar Powered Drones Market, By Application (USD Million) (Units)
7.5. Middle East & Africa (MEA) Solar Powered Drones Market (USD Million) (Units)
7.5.1. Middle East & Africa (MEA) Solar Powered Drones Market, By Country (USD Million) (Units)
7.5.2. Middle East & Africa (MEA) Solar Powered Drones Market, By Size (USD Million) (Units)
7.5.3. Middle East & Africa (MEA) Solar Powered Drones Market, By Range (USD Million) (Units)
7.5.4. Middle East & Africa (MEA) Solar Powered Drones Market, By Number of Propellers (USD Million) (Units)
7.5.5. Middle East & Africa (MEA) Solar Powered Drones Market, By Ariel Platform (USD Million) (Units)
7.5.6. Middle East & Africa (MEA) Solar Powered Drones Market, By Equipment (USD Million) (Units)
7.5.7. Middle East & Africa (MEA) Solar Powered Drones Market, By Application (USD Million) (Units)
CHAPTER 8. Key Players and Strategic Developments
8.1. Ascenta, Inc.
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. Lockheed Martin
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. Boeing
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. QinetiQ
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. Silent Falcon
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. Titan Aerospace
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. Airbus S.A.S.
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Barnard Microsystems Limited
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. DJI
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. Thales Group
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. Sunlight Photonics Inc.
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.11.5.
8.12. AeroVironment, Inc.
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
