According to the latest research report, the
global solar-powered UAV market size reached US$ 331.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 620.3 Million by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
Global Solar-Powered UAV Market Trends and Drivers:
Currently, the market for solar-powered UAVs is experiencing robust growth, fueled by several key factors. Foremost among these factors is the escalating demand for these UAVs, driven primarily by their elimination of the need for traditional refueling. This characteristic not only enhances operational flexibility but also contributes to cost-effectiveness, making them an increasingly popular choice. Furthermore, there is a growing emphasis on adopting eco-friendly energy sources to combat pollution and reduce the overall carbon footprint, which is serving as a significant factor fueling market growth. Additionally, the increasing use of high-efficiency photovoltaic cells, which extends flight endurance and enables operations in challenging environments, paints a positive market outlook. Moreover, the integration of artificial intelligence (AI) and autonomy into solar-powered UAVs is further supporting market growth, adding to their appeal and capabilities.
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The report has also provided a detailed breakup and analysis of the solar-powered UAV market based on the type. This includes fixed wing, multirotor, and quadcopter drones. According to the report, fixed wing drones represented the largest segment.
A detailed breakup and analysis of the solar-powered UAV market based on the range has also been provided in the report. This includes less than 300 KM and more than 300 KM. According to the report, more than 300 KM accounted for the largest market share.