Solar Powered Car Market
Solar Powered Car Market Analysis By Solar Panel (Monocrystalline, Polycrystalline), By Car Type (Compact Solar Powered Cars, Solar Powered Sedans, Solar Powered SUVs, Solar Powered Vans), By Car Category (Pure Electric Cars, Hybrid Electric Cars), By Battery - Global Insights 2022-2032
Analysis of Solar Powered Car market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Solar Powered Car Market Outlook (2022-2032)
The global solar powered car market is set to surpass a valuation of 90.3 million in 2022 and further expand at a CAGR of 12.3% to reach 288.4 million by the end of 2032.
Sales of solar powered car accounted for less than 1% of the electric car market at the end of 2021.
Report Attributes |
Details |
|---|---|
|
Solar Powered Car Market Size (2021A) |
US$ 80.7 Million |
|
Estimated Market Value (2022E) |
US$ 90.3 Million |
|
Forecasted Market Value (2032F) |
US$ 288.4 Million |
|
Global Market Growth Rate (2022-2032) |
12.3% CAGR |
|
Americas Market Share (2022) |
~ 16.9% |
|
Americas Market Value (US$ Mn), 2022 |
US$ 9.2 Million |
|
Europe Market Share (%), 2022 |
~80.5% |
|
Europe Market Value (US$ Mn), 2022 |
US$ 79.7 Million |
|
China Market Share (%), 2022 |
~0.2% |
|
China Market Value (US$ Mn) |
US$ 0.2 Million |
|
Top 3 country Market Share (%) |
~44% |
|
Key Companies Profiled |
|
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Sales Analysis of Solar Powered Car Market Forecast Outlook (2022-2032)
According to Fact.MR - market research and competitive intelligence provider, due to increasing concerns about carbon emissions and increasing demand for integration of renewable sources of energy as fuels, the solar-powered car industry is predicted to observe a Y-O-Y growth of 11.9% in 2022.
Consumers with high purchasing power in developed and developing countries have huge demands for car manufacturers that operate on renewable energy. Several governments have devised plans to reduce pollution levels by placing certain limitations on the operation of traditional cars that operate on fuels that produce emissions and increase the environmental carbon levels.
Major automobile manufacturers are investing heavily in the R&D of solar-powered cars. The major concern of solar-powered car manufacturers is the performance statistics and efficiency of solar panels attached to the cars. These two factors are important factors for both types of users, those who purchase it for personal transportation or users who purchase it for heavy operations such as transportation or racing.
New features by companies, both new and old are likely to be the driving factor for the demand and sales of solar-powered cars.
- Short Term (2022 Q2 to 2025): Improvement in the efficiency of solar-powered cars will enhance its demand.
- Medium Term (2025-2028): Finding alternative batteries and cells that can perform better than the current batteries and cells will increase the market share of solar-powered cars market
- Long Term (2028-2032): Integration of solar panels that have to ability to detect the direction from which the highest intensity of sunlight is coming and turn towards that direction automatically to get maximum output will improve the sales of solar-powered cars
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 12.3% CAGR between 2022 and 2032.
Market share analysis of solar powered car based on car type and region is provided in a nutshell in the above image. Under the car type segment, the Sedan sub-segment dominates with 39.8% market share in 2022.
What’s Driving Demand for Solar Powered Car?
“Features That Make Solar Powered Cars More Favorable than Traditional Electric Cars”
Solar-powered cars get charged automatically by feeding on sunlight. It consists of a powertrain which is very similar to the one found in electric vehicles. The difference between solar-powered cars and electric vehicles is that they do not require a charging structure. Only in cases when there is low light, it needs to be charged at a charging station.
The maintenance and running cost of solar-powered cars is significantly low, and thus is expected to expand at a notable rate over the forecast period. In 2022, the volume of solar cars in the global market is predicted to be 1,646 and the number is expected to grow at 15.2% CAGR. Solar-powered cars work very silently and thus do not contribute to noise pollution as well.
Solar-powered cars are predicted to be even more economical than electric cars, which in turn is anticipated to boost the solar-powered car market.
“Limited Reserve of Fossil Fuels and Worsening Air Quality Index”
It has been observed that 135 million U.S. citizens in 2021 live in counties that have unhealthy levels of air pollution. The US which is one of the biggest economies in the world burns nearly 25% of the globally available coal, 27% of the globally available natural gas, and 26% of the globally available oil, and. Pollution yearly leads to the death of about 100 mn individuals globally
To battle these issues, governments are providing subsidies on electric vehicles to improve the air quality in the region.
Solar Powered cars would be also integrated with a charger in case of unavailability of solar energy, the cars can be operated by charging on the conventional charging technology.
Government subsidies for the adoption of electric vehicles have played a key role in the expansion of the market for electric vehicles. Moreover, all the subsidies are likely to apply to solar cars as well which in turn is expected to propel the solar-powered car market.
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What Concerns Should Solar Powered Car Manufacturers Avert?
“High Pricing of Solar Powered Cars”
The prices of solar cars vary between US$ 20,000 and US$ 100,000 which is very high when compared to efficiency at which it operates. The efficiency of solar panels in solar-powered cars is significantly low and solar energy is not used as the primary source of energy for the vehicle.
Solar-powered cars have a high dependency on solar irradiance, as a result, the effectiveness of the solar panels drop down to low levels in extreme cold weather and coastal regions due to heavy rain.
The power generation in solar cars has a high dependency on external factors like the availability of sunlight which varies from region to region and weather.
Due to these reasons, customers may opt for conventional electric vehicles over solar-powered vehicles
“Problems Faced Due to Low Efficiency of Solar Panels”
Solar powered cars are required to be sleek and small in design. This is due to the low efficiency of solar panels that are attached to the cars. Photovoltaic cells have the limitations of operating only in a few particular wavelengths, its in these wavelengths that they can turn light into electricity.
Another issue with solar powered cars is their inability to perform well when they get heated up. Even the most efficient solar panels have the ability to convert only about 23% of incident sunlight into energy.
This is a major restraining factor and can hamper the growth of solar powered cars market. But in order to combat this restrain, research is now being done to increase the charging speed of these cars by 40%.
Country-wise Insights
How Does the U.S. Fare in the Solar-Powered Car Market?
The demand for solar-powered cars in the Americas is predicted to grow at a CAGR of around 13% over the forecast period. Americas highly developed infrastructure followed by support from the government has led to significant growth in the e-mobility industry.
The U.S. accounts for the highest market share in the Americas. It is expected to account for a market share of 76.7% in the Americas in 2022 and is expected to show prominent growth during the forecast period
This predicted growth significantly primarily due to the presence of several major manufacturers that are investing heavily in research activities along with increasing pipelines that are creating a plethora of attractive opportunities for solar-powered car manufacturers in the country.
Will South Korea Become a Lucrative Market for Solar Powered Cars in the Future?
South Korea has always been considered as one of the most technically sound countries in the world. It is now emerging as one of the countries with the highest market share in the solar-powered cars market in the Asia Pacific. In 2022, it is expected to account for over 28.8% of the market share in the Asia Pacific and on a global level, it is expected to account for 0.3% of the market share.
South Korea has constantly been deploying advanced manufacturing technologies so as to optimize its manufacturing process potential. Increased investment in R&D activities and advanced developments in solar cell technology that will enable increased efficiency of solar cell and battery technologies will positively impact the solar-powered car market in the country.
With a growing population and infrastructure and constantly changing economic regulations in terms of emission controls, South Korea is predicted to become a lucrative market for the solar powered car market in successive years. Over the forecast period, South Korea is expected to gain a BPS of 194.
Category-wise Insights
Which Type of Solar Cells is Preferred in Solar Powered Cars?
Monocrystalline solar cells are predicted to account for nearly 86.2% of the market share in 2032. These cells are composed of a single crystal, and the electrons used for the generation of electricity have more space to move.
This feature makes monocrystalline solar cells are more efficient when compared to its other counterparts, due to this, monocrystalline solar cells market is expected to move upwards in the coming years.
Which Battery is Being Used the Most in Solar Powered Cars?
Lithium-ion batteries are hugely popular due to their charging-discharging efficiency, lightweight, and high charge density when compared to other types of batteries. In 2022, this segment is predicted to have a market share of 91.7% and this is only predicted to increase in the future. In 2032, this segment is estimated to have a market value of 282.7 Mn.
Lithium-ion batteries have better performance when compared to their counterparts, they are low low maintenance in nature, and are also environmentally friendly. Due to all these features, lithium-ion batteries are used the most batteries in solar-powered cars and are expected to show high growth over the coming years.
Competitive Landscape
Prominent manufacturers of the solar powered car industry worldwide including Hyundai Motor Company, Squad Mobility, Lightyear, Toyota Motor Corporation, Sono Motors, Aptera Motors, Ford Motor Company are putting emphasis on launching products that are technologically advanced and are grabbing marketing strategies such as acquisitions and collaborations with other market players to help improve production capacities, improve market penetration and gain a larger market share.
Hyundai in 2020, launched Xcient fuel cell trucks in a hydrogen-powered version and delivered seven vehicles to its customers in Switzerland.
In 2022, Sibros, a company that is a pioneer in the field of deep Over-the-Air (OTA) connected vehicle technology, announced its collaboration with the solar-powered car manufacturer, Lightyear. Lightyear will use this collaboration to integrate the OTA Deep Logger of Sibros to get highly precise and real-time vehicle data from all its sensors
Fact.MR has provided detailed information about the price points of key manufacturers of solar powered car positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Solar Powered Car Industry Research
-
By Solar Panel :
- Monocrystalline solar cells
- Polycrystalline Solar Cell
- Thin-Film Solar Cell
- Organic Solar Cell
- Others
-
By Type :
- Compact
- Sedan
- SUVs
- Vans
- Others (Mini Vehicles)
-
By Category :
- Pure Electric
- Hybrid Electric
-
By Battery Type :
- Lithium Ion
- Lead Acid
- Others
-
By Region :
- Americas
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Solar Powered Car Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Penetration of Solar Powered Car in Global Automotive Market 3.2. An Innovation Roadmap for Advanced Cars 3.3. Solar Technology – Different Needs, Different Solutions 3.4. Comparison of Different Display Systems and Scope of improvement 3.5. Auto-Solar Compatibility, by Providers / Brands 3.6. Global Automotive Sector Outlook 3.6.1. Automotive Sales Analysis 3.6.1.1. By Key Countries 3.6.1.2. By Vehicle Category 3.6.2. Automotive Y-o-Y Sales Growth Analysis 3.6.2.1. By Key Countries 3.6.2.2. By Vehicle Category 3.6.3. Automotive Fleet Analysis 3.6.3.1. By Key Countries 3.6.3.2. By Vehicle Category 3.6.4. Automotive Fleet Y-o-Y Growth Analysis 3.6.4.1. By Key Countries 3.6.4.2. By Vehicle Category 3.7. Solar Powered Car Production Analysis 3.7.1. By Region 3.7.2. By Key companies 3.8. Investment in Solar Powered Car, By Companies 3.9. Growth & Development Pattern in Solar Powered Car Market 3.10. Solar Powered Car Market Opportunity Assessment 3.10.1. Total Available Market (US$ Mn) 3.10.2. Serviceable Addressable Market (US$ Mn) 3.10.3. Serviceable Obtainable Market (US$ Mn) 3.11. Market White Space Assessment 3.12. Market Dynamics 3.12.1. Market Growth Drivers 3.12.2. Market Restraints 3.12.3. Market Opportunity 3.12.4. Market Trends 3.13. Industry Value and Supply Chain Analysis 3.13.1. Value Added at Each Node of Supply Chain 3.13.2. Gross Profitability Margins (at Every Level) 3.13.3. List of Key Participants 3.13.3.1. Component Suppliers 3.13.3.2. Solar Powered Car Manufacturers 3.13.3.3. End Users (Prominent) 3.13.4. Forecast and Macro-economic Factors – Relevance and Impact 4. Global Solar Powered Car Demand (Units) Analysis and Forecast 4.1. Current and Future Market Volume (Units) Projections, 2022-2032 4.2. Y-o-Y Volume Growth Trend Analysis 5. Global Solar Powered Car Market - Pricing Analysis 5.1. Product Solar Panel and Country-Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Solar Powered Car Market Value (US$ million) Analysis and Forecast 6.1. Current and Future Market Value (US$ million) Projections, 2022-2032 6.1.1. Y-o-Y Growth Trend Analysis 6.1.2. Absolute $ Opportunity Analysis 7. Global Solar Powered Car Market Analysis and Forecast, By Solar Panel 7.1. Introduction / Key Findings 7.2. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Solar Panel, 2022-2032 7.2.1. Monocrystalline Solar Cell 7.2.2. Polycrystalline Solar Cell 7.2.3. Thin Film Solar Cell 7.2.4. Organic Solar Cell 7.2.5. Others 7.3. Market Attractiveness Analysis By Solar Panel 8. Global Solar Powered Car Market Analysis and Forecast, By Car Type 8.1. Introduction / Key Findings 8.2. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Car Type, 2022-2032 8.2.1. Compact 8.2.2. Sedan 8.2.3. SUV 8.2.4. Vans. 8.2.5. Others (Mini Vehicles) 8.3. Market Attractiveness Analysis By Car Type 9. Global Solar Powered Car Market Analysis and Forecast, By Car Category 9.1. Introduction / Key Findings 9.2. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Car Category , 2022-2032 9.2.1. Pure Electric 9.2.2. Hybrid Electric 9.3. Market Attractiveness Analysis By Car Category 10. Global Solar Powered Car Market Analysis and Forecast, By Battery Type 10.1. Introduction / Key Findings 10.2. Current and Future Market Size (US$ million) Analysis and Volume (Units) Forecast By Battery Type , 2022-2032 10.2.1. Lithium Ion 10.2.2. Lead Acid 10.2.3. Others 10.3. Market Attractiveness Analysis By Battery Type 11. Global Solar Powered Car Market Analysis and Forecast, By Region 11.1. Introduction 11.2. Current Market Size (US$ million) Analysis and Volume (Units) Forecast By Region, 2022-2032 11.2.1. Americas 11.2.2. Europe 11.2.3. Asia Pacific 11.2.4. Middle East & Africa 11.3. Market Attractiveness Analysis By Region 12. Americas Solar Powered Car Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2022 - 2032 12.3.1. By Country 12.3.1.1. U.S. 12.3.1.2. Canada 12.3.1.3. Rest of America 12.3.2. By Solar Panel 12.3.3. By Car Type 12.3.4. By Car Category 12.3.5. By Battery Type 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Solar Panel 12.4.3. By Car Type 12.4.4. By Car Category 12.4.5. By Battery Type 13. Europe Solar Powered Car Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2022 - 2032 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. Netherlands 13.3.1.3. Rest of Europe 13.3.2. By Solar Panel 13.3.3. By Car Type 13.3.4. By Car Category 13.3.5. By Battery Type 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Solar Panel 13.4.3. By Car Type 13.4.4. By Car Category 13.4.5. By Battery Type 14. Asia Pacific Solar Powered Car Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2022 - 2032 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.1.4. India 14.3.1.5. ASEAN 14.3.1.6. ANZ 14.3.1.7. Rest of Asia Pacific 14.3.2. By Solar Panel 14.3.3. By Car Type 14.3.4. By Car Category 14.3.5. By Battery Type 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Solar Panel 14.4.3. By Car Type 14.4.4. By Car Category 14.4.5. By Battery Type 15. Middle East & Africa Solar Powered Car Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Market Size (US$ million) and Volume (Units) Forecast By Market Taxonomy, 2022 - 2032 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. Turkey 15.3.1.3. Rest of Middle East & Africa 15.3.2. By Solar Panel 15.3.3. By Car Type 15.3.4. By Car Category 15.3.5. By Battery Type 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Solar Panel 15.4.3. By Car Type 15.4.4. By Car Category 15.4.5. By Battery Type 16. Country-level Solar Powered Car Market Analysis and Forecast 16.1. Introduction / Key Findings 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Solar Powered Car Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.2.2.1. By Solar Panel 16.2.2.2. By Car Type 16.2.2.3. By Car Category 16.2.2.4. By Battery Type 16.3. Canada Solar Powered Car Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.3.2.1. By Solar Panel 16.3.2.2. By Car Type 16.3.2.3. By Car Category 16.3.2.4. By Battery Type 16.4. Rest of America Solar Powered Car Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.4.2.1. By Solar Panel 16.4.2.2. By Car Type 16.4.2.3. By Car Category 16.4.2.4. By Battery Type 16.5. Germany Solar Powered Car Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.5.2.1. By Solar Panel 16.5.2.2. By Car Type 16.5.2.3. By Car Category 16.5.2.4. By Battery Type 16.6. Netherlands Solar Powered Car Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.6.2.1. By Solar Panel 16.6.2.2. By Car Type 16.6.2.3. By Car Category 16.6.2.4. By Battery Type 16.7. Rest of Europe Solar Powered Car Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.7.2.1. By Solar Panel 16.7.2.2. By Car Type 16.7.2.3. By Car Category 16.7.2.4. By Battery Type 16.8. China Solar Powered Car Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.8.2.1. By Solar Panel 16.8.2.2. By Car Type 16.8.2.3. By Car Category 16.8.2.4. By Battery Type 16.9. Japan Solar Powered Car Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.9.2.1. By Solar Panel 16.9.2.2. By Car Type 16.9.2.3. By Car Category 16.9.2.4. By Battery Type 16.10. South Korea Solar Powered Car Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.10.2.1. By Solar Panel 16.10.2.2. By Car Type 16.10.2.3. By Car Category 16.10.2.4. By Battery Type 16.11. India Solar Powered Car Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.11.2.1. By Solar Panel 16.11.2.2. By Car Type 16.11.2.3. By Car Category 16.11.2.4. By Battery Type 16.12. Rest of Asia Pacific Countries Solar Powered Car Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.12.2.1. By Solar Panel 16.12.2.2. By Car Type 16.12.2.3. By Car Category 16.12.2.4. By Battery Type 16.13. GCC Countries Solar Powered Car Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.13.2.1. By Solar Panel 16.13.2.2. By Car Type 16.13.2.3. By Car Category 16.13.2.4. By Battery Type 16.14. Turkey Solar Powered Car Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Volume (Units) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2021-2032 16.14.2.1. By Solar Panel 16.14.2.2. By Car Type 16.14.2.3. By Car Category 16.14.2.4. By Battery Type 17. Solar Powered Car Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration of Players 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 18. Solar Powered Car Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking of Products 18.3. Competition Deep Dive: Solar Powered Car 18.3.1. Hyundai Motor Company 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Key Financials 18.3.1.4. Sales Footprint 18.3.1.5. SWOT Analysis 18.3.1.6. Key Developments 18.3.1.7. Strategy Overview 18.3.2. Squad Mobility 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Key Financials 18.3.2.4. Sales Footprint 18.3.2.5. SWOT Analysis 18.3.2.6. Key Developments 18.3.2.7. Strategy Overview 18.3.3. Lightyear 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Key Financials 18.3.3.4. Sales Footprint 18.3.3.5. SWOT Analysis 18.3.3.6. Key Developments 18.3.3.7. Strategy Overview 18.3.4. Toyota Motor Corporation 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Key Financials 18.3.4.4. Sales Footprint 18.3.4.5. SWOT Analysis 18.3.4.6. Key Developments 18.3.4.7. Strategy Overview 18.3.5. Sono Motors 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Key Financials 18.3.5.4. Sales Footprint 18.3.5.5. SWOT Analysis 18.3.5.6. Key Developments 18.3.5.7. Strategy Overview 18.3.6. Aptera Motors 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Key Financials 18.3.6.4. Sales Footprint 18.3.6.5. SWOT Analysis 18.3.6.6. Key Developments 18.3.6.7. Strategy Overview 18.3.7. Ford Motor Company 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Key Financials 18.3.7.4. Sales Footprint 18.3.7.5. SWOT Analysis 18.3.7.6. Key Developments 18.3.7.7. Strategy Overview 18.3.8. Mahindra & Mahindra Limited 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Key Financials 18.3.8.4. Sales Footprint 18.3.8.5. SWOT Analysis 18.3.8.6. Key Developments 18.3.8.7. Strategy Overview 18.3.9. Solar Team Eindhoven 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Key Financials 18.3.9.4. Sales Footprint 18.3.9.5. SWOT Analysis 18.3.9.6. Key Developments 18.3.9.7. Strategy Overview 18.3.10. Cruise Car Inc. 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Key Financials 18.3.10.4. Sales Footprint 18.3.10.5. SWOT Analysis 18.3.10.6. Key Developments 18.3.10.7. Strategy Overview 18.3.11. Trina Solar 18.3.11.1. Overview 18.3.11.2. Product Portfolio 18.3.11.3. Key Financials 18.3.11.4. Sales Footprint 18.3.11.5. SWOT Analysis 18.3.11.6. Key Developments 18.3.11.7. Strategy Overview 18.3.12. Alkè 18.3.12.1. Overview 18.3.12.2. Product Portfolio 18.3.12.3. Key Financials 18.3.12.4. Sales Footprint 18.3.12.5. SWOT Analysis 18.3.12.6. Key Developments 18.3.12.7. Strategy Overview 18.3.13. Solarrolla 18.3.13.1. Overview 18.3.13.2. Product Portfolio 18.3.13.3. Key Financials 18.3.13.4. Sales Footprint 18.3.13.5. SWOT Analysis 18.3.13.6. Key Developments 18.3.13.7. Strategy Overview 19. Assumptions & Acronyms Used 20. Research Methodology
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List Of Table
Table 01. Global Solar Powered Car Market Value (US$ million) and Forecast by Region, 2022-2032
Table 02. Global Solar Powered Car Market Volume (Units) and Forecast by Region, 2022-2032
Table 03. Global Solar Powered Car Market Value (US$ million) and Forecast By Solar Panel, 2022-2032
Table 04. Global Solar Powered Car Market Volume (Units) and Forecast By Solar Panel, 2022-2032
Table 05. Global Solar Powered Car Market Value (US$ million) and Forecast By Car Type, 2022-2032
Table 06. Global Solar Powered Car Market Volume (Units) and Forecast By Car Type, 2022-2032
Table 07. Global Solar Powered Car Market Value (US$ million) and Forecast By Car Category , 2022-2032
Table 08. Global Solar Powered Car Market Volume (Units) and Forecast By Car Category , 2022-2032
Table 09. Global Solar Powered Car Market Value (US$ million) and Forecast By Battery Type , 2022-2032
Table 10. Global Solar Powered Car Market Volume (Units) and Forecast By Battery Type , 2022-2032
Table 11. Americas Solar Powered Car Market Value (US$ million) and Forecast by Country, 2022-2032
Table 12. Americas Solar Powered Car Market Volume (Units) and Forecast by Country, 2022-2032
Table 13. Americas Solar Powered Car Market Value (US$ million) and Forecast By Solar Panel, 2022-2032
Table 14. Americas Solar Powered Car Market Volume (Units) and Forecast By Solar Panel, 2022-2032
Table 15. Americas Solar Powered Car Market Value (US$ million) and Forecast By Car Type, 2022-2032
Table 16. Americas Solar Powered Car Market Volume (Units) and Forecast By Car Type, 2022-2032
Table 17. Americas Solar Powered Car Market Value (US$ million) and Forecast By Car Category , 2022-2032
Table 18. Americas Solar Powered Car Market Volume (Units) and Forecast By Car Category , 2022-2032
Table 19. Americas Solar Powered Car Market Value (US$ million) and Forecast By Battery Type , 2022-2032
Table 20. Americas Solar Powered Car Market Volume (Units) and Forecast By Battery Type , 2022-2032
Table 21. Europe Solar Powered Car Market Value (US$ million) and Forecast by Country, 2022-2032
Table 22. Europe Solar Powered Car Market Volume (Units) and Forecast by Country, 2022-2032
Table 23. Europe Solar Powered Car Market Value (US$ million) and Forecast By Solar Panel, 2022-2032
Table 24. Europe Solar Powered Car Market Volume (Units) and Forecast By Solar Panel, 2022-2032
Table 25. Europe Solar Powered Car Market Value (US$ million) and Forecast By Car Type, 2022-2032
Table 26. Europe Solar Powered Car Market Volume (Units) and Forecast By Car Type, 2022-2032
Table 27. Europe Solar Powered Car Market Value (US$ million) and Forecast By Car Category , 2022-2032
Table 28. Europe Solar Powered Car Market Volume (Units) and Forecast By Car Category , 2022-2032
Table 29. Europe Solar Powered Car Market Value (US$ million) and Forecast By Battery Type , 2022-2032
Table 30. Europe Solar Powered Car Market Volume (Units) and Forecast By Battery Type , 2022-2032
Table 31. Asia Pacific Solar Powered Car Market Value (US$ million) and Forecast by Country, 2022-2032
Table 32. Asia Pacific Solar Powered Car Market Volume (Units) and Forecast by Country, 2022-2032
Table 33. Asia Pacific Solar Powered Car Market Value (US$ million) and Forecast By Solar Panel, 2022-2032
Table 34. Asia Pacific Solar Powered Car Market Volume (Units) and Forecast By Solar Panel, 2022-2032
Table 35. Asia Pacific Solar Powered Car Market Value (US$ million) and Forecast By Car Type, 2022-2032
Table 36. Asia Pacific Solar Powered Car Market Volume (Units) and Forecast By Car Type, 2022-2032
Table 37. Asia Pacific Solar Powered Car Market Value (US$ million) and Forecast By Car Category , 2022-2032
Table 38. Asia Pacific Solar Powered Car Market Volume (Units) and Forecast By Car Category , 2022-2032
Table 39. Asia Pacific Solar Powered Car Market Value (US$ million) and Forecast By Battery Type , 2022-2032
Table 40. Asia Pacific Solar Powered Car Market Volume (Units) and Forecast By Battery Type , 2022-2032
Table 41. MEA Solar Powered Car Market Value (US$ million) and Forecast by Country, 2022-2032
Table 42. MEA Solar Powered Car Market Volume (Units) and Forecast by Country, 2022-2032
Table 43. MEA Solar Powered Car Market Value (US$ million) and Forecast By Solar Panel, 2022-2032
Table 44. MEA Solar Powered Car Market Volume (Units) and Forecast By Solar Panel, 2022-2032
Table 45. MEA Solar Powered Car Market Value (US$ million) and Forecast By Car Type, 2022-2032
Table 46. MEA Solar Powered Car Market Volume (Units) and Forecast By Car Type, 2022-2032
Table 47. MEA Solar Powered Car Market Value (US$ million) and Forecast By Car Category , 2022-2032
Table 48. MEA Solar Powered Car Market Volume (Units) and Forecast By Car Category , 2022-2032
Table 49. MEA Solar Powered Car Market Value (US$ million) and Forecast By Battery Type , 2022-2032
Table 50. MEA Solar Powered Car Market Volume (Units) and Forecast By Battery Type , 2022-2032
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List Of Figures
Figure 01. Global Solar Powered Car Market Value (US$ million) and Volume (Units) Forecast, 2022-2032
Figure 02. Global Solar Powered Car Market Absolute $ Opportunity (US$ million), 2021-2032
Figure 03. Global Solar Powered Car Market Value (US$ million) and Volume (Units) by Region, 2022 & 2032
Figure 04. Global Solar Powered Car Market Y-o-Y Growth Rate by Region, 2022-2032
Figure 05. Global Solar Powered Car Market Value (US$ million) and Volume (Units) By Solar Panel, 2022 & 2032
Figure 06. Global Solar Powered Car Market Y-o-Y Growth Rate By Solar Panel, 2022-2032
Figure 07. Global Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Type, 2022 & 2032
Figure 08. Global Solar Powered Car Market Y-o-Y Growth Rate By Car Type, 2022-2032
Figure 09. Global Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Category , 2022 & 2032
Figure 10. Global Solar Powered Car Market Y-o-Y Growth Rate By Car Category , 2022-2032
Figure 11. Global Solar Powered Car Market Value (US$ million) and Volume (Units) By Battery Type , 2022 & 2032
Figure 12. Global Solar Powered Car Market Y-o-Y Growth Rate By Battery Type , 2022-2032
Figure 13. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) Forecast, 2022-2032
Figure 14. Americas Solar Powered Car Market Absolute $ Opportunity (US$ million), 2021-2032
Figure 15. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 16. Americas Solar Powered Car Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 17. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) By Solar Panel, 2022 & 2032
Figure 18. Americas Solar Powered Car Market Y-o-Y Growth Rate By Solar Panel, 2022-2032
Figure 19. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Type, 2022 & 2032
Figure 20. Americas Solar Powered Car Market Y-o-Y Growth Rate By Car Type, 2022-2032
Figure 21. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Category , 2022 & 2032
Figure 22. Americas Solar Powered Car Market Y-o-Y Growth Rate By Car Category , 2022-2032
Figure 23. Americas Solar Powered Car Market Value (US$ million) and Volume (Units) By Battery Type , 2022 & 2032
Figure 24. Americas Solar Powered Car Market Y-o-Y Growth Rate By Battery Type , 2022-2032
Figure 25. Americas Solar Powered Car Market Attractiveness Analysis by Country, 2022-2032
Figure 26. Americas Solar Powered Car Market Attractiveness Analysis By Solar Panel, 2022-2032
Figure 27. Americas Solar Powered Car Market Attractiveness Analysis By Car Type, 2022-2032
Figure 28. Americas Solar Powered Car Market Attractiveness Analysis By Car Category , 2022-2032
Figure 29. Americas Solar Powered Car Market Attractiveness Analysis By Battery Type , 2022-2032
Figure 30. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) Forecast, 2022-2032
Figure 31. Europe Solar Powered Car Market Absolute $ Opportunity (US$ million), 2021-2032
Figure 32. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 33. Europe Solar Powered Car Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 34. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) By Solar Panel, 2022 & 2032
Figure 35. Europe Solar Powered Car Market Y-o-Y Growth Rate By Solar Panel, 2022-2032
Figure 36. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Type, 2022 & 2032
Figure 37. Europe Solar Powered Car Market Y-o-Y Growth Rate By Car Type, 2022-2032
Figure 38. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Category , 2022 & 2032
Figure 39. Europe Solar Powered Car Market Y-o-Y Growth Rate By Car Category , 2022-2032
Figure 40. Europe Solar Powered Car Market Value (US$ million) and Volume (Units) By Battery Type , 2022 & 2032
Figure 41. Europe Solar Powered Car Market Y-o-Y Growth Rate By Battery Type , 2022-2032
Figure 42. Europe Solar Powered Car Market Attractiveness Analysis by Country, 2022-2032
Figure 43. Europe Solar Powered Car Market Attractiveness Analysis By Solar Panel, 2022-2032
Figure 44. Europe Solar Powered Car Market Attractiveness Analysis By Car Type, 2022-2032
Figure 45. Europe Solar Powered Car Market Attractiveness Analysis By Car Category , 2022-2032
Figure 46. Europe Solar Powered Car Market Attractiveness Analysis By Battery Type , 2022-2032
Figure 47. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) Forecast, 2022-2032
Figure 48. Asia Pacific Solar Powered Car Market Absolute $ Opportunity (US$ million), 2021-2032
Figure 49. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 50. Asia Pacific Solar Powered Car Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 51. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) By Solar Panel, 2022 & 2032
Figure 52. Asia Pacific Solar Powered Car Market Y-o-Y Growth Rate By Solar Panel, 2022-2032
Figure 53. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Type, 2022 & 2032
Figure 54. Asia Pacific Solar Powered Car Market Y-o-Y Growth Rate By Car Type, 2022-2032
Figure 55. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Category , 2022 & 2032
Figure 56. Asia Pacific Solar Powered Car Market Y-o-Y Growth Rate By Car Category , 2022-2032
Figure 57. Asia Pacific Solar Powered Car Market Value (US$ million) and Volume (Units) By Battery Type , 2022 & 2032
Figure 58. Asia Pacific Solar Powered Car Market Y-o-Y Growth Rate By Battery Type , 2022-2032
Figure 59. Asia Pacific Solar Powered Car Market Attractiveness Analysis by Country, 2022-2032
Figure 60. Asia Pacific Solar Powered Car Market Attractiveness Analysis By Solar Panel, 2022-2032
Figure 61. Asia Pacific Solar Powered Car Market Attractiveness Analysis By Car Type, 2022-2032
Figure 62. Asia Pacific Solar Powered Car Market Attractiveness Analysis By Car Category , 2022-2032
Figure 63. Asia Pacific Solar Powered Car Market Attractiveness Analysis By Battery Type , 2022-2032
Figure 64. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) Forecast, 2022-2032
Figure 65. MEA Solar Powered Car Market Absolute $ Opportunity (US$ million), 2021-2032
Figure 66. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 67. MEA Solar Powered Car Market Y-o-Y Growth Rate by Country, 2022-2032
Figure 68. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) By Solar Panel, 2022 & 2032
Figure 69. MEA Solar Powered Car Market Y-o-Y Growth Rate By Solar Panel, 2022-2032
Figure 70. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Type, 2022 & 2032
Figure 71. MEA Solar Powered Car Market Y-o-Y Growth Rate By Car Type, 2022-2032
Figure 72. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) By Car Category , 2022 & 2032
Figure 73. MEA Solar Powered Car Market Y-o-Y Growth Rate By Car Category , 2022-2032
Figure 74. MEA Solar Powered Car Market Value (US$ million) and Volume (Units) By Battery Type , 2022 & 2032
Figure 75. MEA Solar Powered Car Market Y-o-Y Growth Rate By Battery Type , 2022-2032
Figure 76. MEA Solar Powered Car Market Attractiveness Analysis by Country, 2022-2032
Figure 77. MEA Solar Powered Car Market Attractiveness Analysis By Solar Panel, 2022-2032
Figure 78. MEA Solar Powered Car Market Attractiveness Analysis By Car Type, 2022-2032
Figure 79. MEA Solar Powered Car Market Attractiveness Analysis By Car Category , 2022-2032
Figure 80. MEA Solar Powered Car Market Attractiveness Analysis By Battery Type , 2022-2032
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- FAQs -
What is the global solar powered car market size?
The global solar powered car market will be valued at US$ 90.3 million in 2022.
How far is the global demand expected to reach over the forecasted period?
Worldwide demand for solar powered car is anticipated to reach US$ 288.4 million by 2032-end.
What will be the market value of polycrystalline solar cell in 2022?
The polycrystalline solar cell is expected to have a market value of US$ 19.2 million in 2022.
Which regional solar powered car market will account for a leading market share in 2022?
Europe will top the global solar powered car market accounting for 80.5% of the market share in 2022.
Which solar powered car type holds the highest market share?
Sedan car type of solar powered cars are predicted to account for 39.8% share of global sales in 2022.
Solar Powered Car Market