Growing demand from various applications such as defense, telecommunication, energy, transportation, and agriculture, is projected to drive the global market for solar powered drones. Also, increasing security and surveillance activities across the globe is set to fuel the market growth over the coming years. The global solar powered drones market is likely to increase from 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 (2020-2027) according to QuantAlign Research.

In addition, significant rise in the demand for solar powered drones for recreational, and sports activities such as trekking and skiing is expected to propel the market growth. Also, the emergence of ariel landscape photography, and extreme sports footage has transformed the recreational experience of people. Moreover, drones that are equipped with thermal imaging cameras aid in providing ideal solutions to the emergency response team in order to identify victims which are difficult to spot.

Furthermore, significant research activities have led to the advent of hybrid drones, which has further revolutionized the market. These drones usually run either on gasoline & electricity or solar cell technology. They can fly up to five hours while possessing the capability of vertical take-off and landing. Also, the development of energy storage battery has enabled solar powered drones to operate even when the sun is not shining, thereby reducing the climatic constraints. However, restricted coverage of internet services along with various restrictions and laws across nations may impede the market growth.

Browse complete report with TOC :

Global Solar Powered Drones Market Perspective, Demand Outlook, Trend Analysis, Intelligence & Industry Estimates To 2027 –  “https://quantalignresearch.com/global-solar-powered-drones-market-report “

Key insights: 

• Multi-rotor drones segment dominated the global market in 2019, while fixed-wing hybrid drones are expected to grow at the fastest CAGR during 2020 – 2027
• Quadcopters segment is projected to account for a significant share of the global market by 2027
• Defense segment held the major share of the market in 2019, while witnessing a significant CAGR during 2020 – 2027
• North America held the majority share of the global market in 2019, and is expected to witness considerable growth over the forecast period

Key players operating in the market include Ascenta, Inc.; Lockheed Martin; Boeing; QinetiQ; Silent Falcon; Titan Aerospace; Airbus S.A.S.; Barnard Microsystems Limited; Sunlight Photonics Inc.; & Thales Group; among others.