The global racing drones market size is expected to reach USD 2,060.7 million by 2026 according to a new study by Polaris Market Research.
Racing drones also called FPV (First Person View) refers to high speed small sized drone with specific configurations required to participate into racing sport events worldwide. Drone racing is a sport event which was initiated in Australia (2013) wherein many drone pilots met together to participate in a championship. The participating machine must have to fulfill the specific requirements of organizing leagues wherein factors such as weight, speed, motors, and propellers plays very important role. Racing drones are basically high-speed machines along with FPV camera and controller which is operated by a high skilled pilot in such sports championships. The global racing drones market size is expected to reach USD 2,060.7 million by 2026 according to a new study by Polaris Market Research
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Top Key Player : Airjugar Technology Co. Ltd., Autel Robotics, DJI, eachine, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited, mjxrc.net, Parrot Drones SAS, RotorX, Spin Master (Air Hogs), Skyrocket LLC (Sky Viper), UVify Inc., and YUNEEC are some of the major players in this market.
Increasing production propelled by adoption the world, introduction of high-speed drones, rising expenditure in R&D, increasing racing sports tournaments across different countries in the world, and increasing adoption of such racing trends by different countries are some of the major factors aiding in the growth of this market. In addition, factors such as requirement of highly skilled pilots to operate these machines in the racing tournaments and complexity in assembly of parts for beginners are some of the major restraining factors impacting negatively.
Among drone type, the market was segmented into RTF (Ready-to-Fly) and ARF (Almost-Ready-to-Fly). RTF are the drones which comes with complete assembled parts and a controller along with it to which the operator can easily operate it directly without any difficulties to assemble the parts. ARF comes up with disassembled parts to which the operator has to combine all the parts based on its requirements to make it operable in the field. Most of the FPV pilots have their preference towards ARF drones so that they can customize it to gain more speed by replacing high speed motors, propellers, and other components based on a event eligibility criterion. ARF segment was estimated to be largest sub-segment in 2019 and also it is expected to maintain its dominance during the forecast period as well. This is owing to cost of ARF against RTF which is more expensive as it has customizable options which provide the flexibility to the pilots.
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Among application, the market is segmented into rotorcross, drag race, and time trial. Rotorcross is a racing event where many drones compete across an arena full of obstacles & number of laps wherein the first drone to cross the finish line wins the championship. Drag race is a racing event in which a number of pilots race together wherein the drone which achieve highest speed wins the race. Similarly, time trial is a event wherein the participants have to complete the laps in a minimum amount of time. In 2019, rotorcross segment dominated the market and expected to be largest during the forecast period as well. This is owing to increasing number of rotorcross events across different regions of the world. For instance, MultiGP is one of the biggest racing events across the world and till 2019 it has organized more than 12,500 racing events since 2015. Similarly, DCL (Drone Champions League) is another major event which occurs every year across different regions in the world. These events are expected to increase the demand for FPV across the world.
Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is one of the major regions and accounted for more than 70% of share in North America. Moreover, increasing awareness for drone racing sports across the region among the audience and growing adoption across different end-use sectors are some of the major factors aiding the growth of the market in the region. Furthermore, Asia Pacific was expected to be the fastest growing region during the forecast period of 2020-2026 propelled by the countries such as China, Japan, and South Korea.
The global market is moderately consolidated and the top five players of this market accounted for more than a share of 45% in 2019, according to Polaris Market Research. These companies are continuously investing in R&D activities in order to fulfil the continuous demands for better technologically advanced products. Some of the major companies in this market include
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The Global Racing Drone Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Racing Drone Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/30636-racing-drone-market-report The report also covers the complete competitive landscape of the global Racing Drone market with company profiles of key players such as: DJIHubsanParrot3D RoboticsSkyTechYuneecEachineImmersionRCLumenierRotorXracingGoProStormGemo CopterTBSThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeARF Racing DroneRTF Racing DroneBy ApplicationRotorcrossDrag RaceTime-TrialBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Racing Drone Market @ https://www.decisiondatabases.com/contact/download-sample-30636The Global Racing Drone Market has been exhibited in detail in the following chapters –Chapter 1 Racing Drone Market PrefaceChapter 2 Executive SummaryChapter 3 Racing Drone Industry AnalysisChapter 4 Racing Drone Market Value Chain AnalysisChapter 5 Racing Drone Market Analysis By TypeChapter 6 Racing Drone Market Analysis By ApplicationChapter 7 Racing Drone Market Analysis By GeographyChapter 8 Competitive Landscape Of Racing Drone CompaniesChapter 9 Company Profiles Of Racing Drone IndustryPurchase the complete Global Racing Drone Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-30636Other Reports by DecisionDatabases.com:Global Defense Drone Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Passenger Drones Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global UAV Drones Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
The global racing drones market size is expected to reach USD 2,060.7 million by 2026 according to a new study by Polaris Market Research.
The report “Racing Drones Market Share, Size, Trends, Industry Analysis Report By Drone Type (RTF, ARF), By Application (Rotorcross, Drag Racing, Time Trial), By Component Type (Airframe, Motors, Camera/Sensors, Propellers, Others), By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In addition, factors such as requirement of highly skilled pilots to operate these machines in the racing tournaments and complexity in assembly of parts for beginners are some of the major restraining factors impacting negatively.
RTF are the drones which comes with complete assembled parts and a controller along with it to which the operator can easily operate it directly without any difficulties to assemble the parts.
ARF comes up with disassembled parts to which the operator has to combine all the parts based on its requirements to make it operable in the field.
The global market is moderately consolidated and the top five players of this market accounted for more than a share of 45% in 2019, according to Polaris Market Research.
