Global Solar-powered UAV Market 2017-2021
About Solar-powered UAV
Unmanned aerial vehicles (UAVs) or drones are autonomous aircraft, which are remotely controlled from the ground or through onboard computers. Conventional UAVs are available in various sizes. While the large-sized ones, which are employed for tactical missions, are powered by internal combustion engines, smaller ones are mainly powered by electric motors. However, since the last decade, the advent of new technologies has led to the development of UAVs powered by photovoltaic cells, hydrogen fuel cells, and hybrid-electric propulsions engines. Solar-powered UAV platforms use photovoltaic panels to absorb energy from the sun and convert it into electrical energy to thrust the engines. The use of proton exchange membrane (PEM) fuel cell system in a solar-powered UAV allows it to achieve an uninterrupted flight for over six months. The Helios Prototype was one of the earliest solar-powered UAVs (developed by AeroVironment in 1999 with funding from the National Aeronautics and Space Administration (NASA)), which used PEM-based fuel system. Solar-powered UAVs find their applications in defense and commercial sectors.
Technavio’s analysts forecast the global solar-powered UAV market to grow at a CAGR of 12.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar-powered UAV market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Solar-powered UAV Market 2017-2021
Technavio recognizes the following companies as the key players in the global solar-powered UAV market: AeroVironment, Airbus, Alphabet, Facebook, and Thales Group
Other Prominent Vendors in the market are: AC Propulsion, Boeing, DJI, Lockheed Martin, Silent Falcon UAS, and Sunlight Photonics.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of hybrid drones. Formerly, drones were driven using just one kind of propulsion system and fueled either by electricity, battery, or gasoline. Over time, advancements in the field of drones have led to the development of hybrid drones.”
According to the report, one of the major drivers for this market is Focus on greater use of renewable energy sources. For years, fossil fuels have known to be the best source of energy to drive any kind of engine or motor. Over time, their consumption levels have reached extremes, and they are currently experiencing threats of extinction. Therefore, several militaries and commercial agencies are focusing on the use of renewable energy or alternative energy derived from replenishable sources.
Further, the report states that one of the major factors hindering the growth of this market is Regulatory challenges with drone operations. The use of UAVs is primarily challenged by the various standards of governments and certain commercial aviation-governing agencies, which hamper their sales. Such regulations or standards often differ from region to region which, in turn, requires the development of customized products, thereby eliminating the use of standard products.
AeroVironment, Airbus, Alphabet, Facebook, Thales Group, AC Propulsion, Boeing, DJI, Lockheed Martin, Silent Falcon UAS, and Sunlight Photonics.
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