Solar Powered Drones Market to reach US$ 696.5 million by the year 2027

1. Solar Powered Drones Market to reach US$ 696.5 million by the year 2027 Market overview: Solar Powered Drones Market is estimated to reach US$ 696.5 million by the year 2027, with a CAGR of 14.9% from 2022 to 2027. Solar Powered Drones using solar cells installed onboard, captures solar energy reaching the aircraft surface during daylight. Such generated power is supplied to the motor to propel the aircraft and other electronics or to recharge the battery on board. The battery supplies power when in darkness or under clouds; these are the main factors that have considerably increased the demand for the Solar Powered Drones in the market, thereby driving the huge growth of the Solar Powered Drones market in the upcoming years Market Drivers and Restrains: The main factors that have considerably increased the demand for the Solar Powered Drones in the market is mainly due to the is an unmanned aerial vehicle which can fly autonomously or remotely (with the use of controller). An automated UAV increases efficiency by eliminating use of drone operator. However, the limited endurance limit of such conventional drones remained to be major issue. Hence, to increase the endurance limit of unmanned aerial vehicles, solar- powered UAVs were developed. Solar-powered UAVs use photovoltaic panels to absorb sun’s energy and convert it to electrical energy. Such Solar-powered UAVs are extensively used in militaries, paramilitary forces, and other national security agencies. Solar-Powered UAV market applications include surveillance, search & rescue operations, pollution monitoring, security, disaster management, attack missions, intelligence gathering, etc. Several companies are working on possibility to use such UAVs for delivering goods, which can reduce the cost of using drivers for door to door service. For instance, Amazon is working on service “Prime Air,” which is intended to send deliveries to customers within 30 minutes. To know more read: https://www.marketdataforecast.com/market-reports/solar-powered- drones-market Report is segmented as: Solar Powered Drones Market is segmented on the basis of by: By Type (Fixed-Wing Drones, Multi-Rotor Drones and Others), By Application (Agriculture, Energy, Government and Defense, Communication and Others)

2. Geographical Segmentation: Solar Powered Drones Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Solar Powered Drones is due to the rise in application & significance of solar-powered UAVs is driving the growth of the solar-powered UAV market these are the main factors that have considerably increased the demand for the Solar Powered Drones in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Solar Powered Drones Market Request Sample @ https://www.marketdataforecast.com/market-reports/solar-powered- drones-market/request-sample Impact of COVID-19 on Market Covid -19 pandemic has affected almost every industry, and the long-term effects are projected to impact the Solar Powered Drones growth during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue of Solar Powered Drones market .The restrictions and lockdown imposed by the government in several countries has slow down the market and decrease the demand for Solar Powered Drones, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Solar Powered Drones market growth ABOUT US: Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs. Contact Us: Market Data Forecast Website:https://www.marketdataforecast.com Phone: +1-888-702-9626 Email: contact@marketdataforecast.com