Solar-powered UAV Market Size to Grow by $ 485.46 mn During 2020-2024
Technavio has been monitoring the solar-powered uav market and it is expected to grow by $ 485.46 mn, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Solar-powered UAV Market: Receive Free Sample Report
Solar-powered UAV Market: North America to lead market growth during the forecast period
Solar-powered UAV Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AeroVironment Inc., Airbus SE, BAE Systems Plc, Barnard Microsystems Ltd., Bye Aerospace Inc., Ocean Aero, Sunbirds SAS, Sunlight Aerospace, Thales Group, and The Boeing Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Solar-powered UAV Market: Key Highlights of the Report for 2020-2024