Racing Drone Market was worth US$ 0.90 Bn. in 2023 and overall revenue is anticipated to rise at a rate of 22.1 % from 2024 to 2030, reaching almost US$ 3.65 Bn. in 2030.
Racing Drone Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Racing Drone Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Racing Drone market, with forecasts outspreading to the year 2030.
Racing drones, sometimes referred to as high-speed or FPV drones, are used by drone racing event pilots to compete in racing sports matches. It is becoming more and more well-known everywhere. In this sport, human pilots manoeuvre and control their drones at high speeds in a challenging, obstacle-filled environment. The government of many nations enabling them to fly for sporting events is one of the elements driving competition and publicity for such racing events across different locations. DRL (Drone Racing League) and MultiGP.
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Racing Drone Market Scope and Methodology:
One of the main reasons propelling the market expansion is the rising popularity of drone racing among millennials. The concept of piloting a small drone in a race is gaining popularity worldwide and is expected to continue expanding. The popularity of drone racing may also be attributed to the expanding number of events and tournaments, like the Drone Racing World Cup, MultiGP Drone Racing, and Drone Racing League. Drone pilot Rudi Browning won the 2021 World Drone Racing Championship and was awarded a $24,000 reward. Such occurrences and results strengthen a brand and contribute to the overall growth of the worldwide market.
Demand in the worldwide racing drone market has been fueled by the application of racing drones in a range of industries, such as sports, industrial inspection, and construction. Furthermore, the demand for racing drones worldwide has increased to unprecedented levels because there is a steady supply channel for these drones across multiple industries. Racing drones are predicted to be used more frequently in a number of new industries as a result of RTF drones' cheaper cost. Racing drones are also frequently utilised to evaluate potential farming areas and terrain.
Racing Drone Market Regional Insights:
Africa, South Africa, Europe, the Americas, and the Middle East.
It is essential to comprehend the intricate dynamics of the global Racing Drone company in the context of regional study. This book lays the groundwork for international trading in goods. The size and growth rate of the Racing Drone market are covered in great detail in this research. There are discussions on modern business practices across a wide range of nations and locations. Asia-Pacific, Europe, the Americas, the Middle East, and South Africa.
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Racing Drone Market Segmentation:
by Type
RTF
BNF
ARF
By examining market segments and projecting the size of the worldwide racing drone market, the study also aids in understanding the dynamics and structure of the industry. The study serves as an investor's guide thanks to its clear portrayal of the competitive analysis of leading companies in the worldwide racing drone market by type, price, financial condition, type portfolio, growth plans, and regional presence.
by Component Type
Airframe
Motors
Camera/sensor
Propellers
The market is divided into four segments based on the kind of component: propellers, motors, camera/sensor, and airframe. According to estimates, the airframe segment is the most prominent one and will stay that way during the 2024–2030 projected period. The airframe is the foundational element to which every other component is attached in order to assemble an FPV drone. Furthermore, because to the increased demand from pilots and novices looking to boost a drone's propeller speed to reach high speeds, motors are anticipated to expand at the quickest rate of any component throughout the course of the forecast period.
by Application
Rotorcross
Drag racing
Time trial
based on the time trial, drag racing, rotorcross, and application. Following time trials and drag racing, rotorcross is expected to maintain its market dominance in the forecast year, as it did in 2023. In order to meet event standards including weight and motor capacity, size, and speed—all of which need to be customised in order to comply with tournament rules—ARF drones are mostly utilised in rotorcross racing events. It is anticipated that the time trial would rank as the second most popular component type in 2023.
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Table of Content: Racing Drone Market
Part 01: Executive Summary
Part 02: Scope of the Racing Drone Market Report
Part 03: Global Racing Drone Market Landscape
Part 04: Global Racing Drone Market Sizing
Part 05: Global Racing Drone Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Racing Drone Market Major Players:
1. YINYAN Model Tech MFT.
2. Tian Yu Hi-tech Co. Ltd
3. Eachine
4. HubsanThe FAA
5. DroneLife
6. Drone business center
7. Inside Drones
8. Bard Center for the Study of the Drone
9. Drone Industry Insights
10. DroneDJ
11. EHang
12. Insitu
13. Skydio
14. Aerialtronics
Key questions answered in the Racing Drone Market are:
- Which is the fastest growing region in the Racing Drone Market?
- What is the growth rate of the Racing Drone Market?
- What are the upcoming opportunities and trends for the Racing Drone Market?
- What segments are covered in the Racing Drone Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Racing Drone Market?
- Which are the factors expected to drive the Racing Drone Market growth?
- What is the CAGR at which the Racing Drone market will grow during the forecast period?
- What are the different segments of the Racing Drone Market?
- What is Racing Drone ?
- What growth strategies are the players considering to increase their presence in Racing Drone ?
- Who are the leading companies and what are their portfolios in Racing Drone Market?
- Who are the key players in the Racing Drone market?
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