Global Solar Car Market Growth 2023-2029

Global Solar Car Market Growth 2023-2029

A solar car is a solar vehicle for use on public roads or race tracks. Solar vehicles are electric vehicles that use self contained solar cells to power themselves from sunlight. Solar vehicles typically contain a rechargeable battery to help regulate and store the energy from the solar cells and capture kinetic energy from the vehicle during braking. Some solar cars can be plugged into external power sources to supplement the power of sunlight used to charge their battery.

LPI (LP Information)' newest research report, the “Solar Car Industry Forecast” looks at past sales and reviews total world Solar Car sales in 2022, providing a comprehensive analysis by region and market sector of projected Solar Car sales for 2023 through 2029. With Solar Car sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Car industry.

This Insight Report provides a comprehensive analysis of the global Solar Car landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Car portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solar Car market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Car and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Car.

The global Solar Car market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Solar Car is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Solar Car is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Solar Car is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Solar Car players cover Lightyear, Toyota, Tesla, Aptera, Sono Motor, Ford, Mercedes-Benz’s, General Motor and Hyundai Motor Company, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Car market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Substrate Silicon Cells
Thin Film Solar Cells
Copper Indium Selenium Solar Cells
Dye Sensitized Solar Cells
Others

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lightyear
Toyota
Tesla
Aptera
Sono Motor
Ford
Mercedes-Benz’s
General Motor
Hyundai Motor Company
Boeing
Shandong Gaia New Energy Tech. Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Car market?

What factors are driving Solar Car market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solar Car market opportunities vary by end market size?

How does Solar Car break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.