Uploaded on Apr 23, 2020
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.
Racing Drone Market Size Worth $2,060.7 Million By 2026 | CAGR: 22.1%
Racing Drone Market
Set to Exceed USD 2,060.7 Million By 2026 | CAGR:
22.1%
“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”
Racing Drone Market Estimate & Forecast to 2026
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.
Increasing production propelled by adoption across 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.
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Racing Drone Market Scope
Drone Type Application Type Component Type By Region
Report Attributes
•RTF •Rotorcross •Airframe •North America (U.S.,
•ARF •Drag Racing •Motors Canada) Historic year:
•Time Trial •Camera/Sensors •Europe (Germany,
•Propellers France, UK, Russia) 2015-2018
•Others •Asia Pacific (China,
Japan, South Korea) Base year: 2019
•Latin America (Brazil,
Mexico) Forecast Year:
•MEA (UAE, Saudi
Arabia, South Africa) 2020-26
Revenue (USD
Million)
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Racing Drone Market Estimate & Forecast to 2026
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.
Access Research Report On Racing Drone Market
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 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.
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Racing Drone Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
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