Global Racing Drone Market: Industry Analysis and Forecast (2021-2027) by Type, Component Type, Application and Region.

Global Racing Drone Market was worth US$ 0.41 Bn. in 2019 and overall revenue is anticipated to rise at a rate of 22.1 % from 2021 to 2027, reaching almost US$ 2.03 Bn. in 2027.

Global Racing Drone Market Overview:

Pilots of drone racing events (also known as high-speed or FPV drones) use racing drones (also known as high-speed or FPV drones) to compete in a racing sports match. It is fast gaining popularity all around the world. This is a sport in which human pilots fly and control their drones at fast speeds in a complex environment filled with obstacles. One of the things increasing competition and awareness for such racing events across different regions is the government of many countries allowing them to fly for sporting events. MultiGP and DRL (Drone Racing League). Global Racing Drone Market To know about the Research Methodology :- Request Free Sample Report 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Racing Drone Market Dynamics:

The growing popularity of drone racing among millennial is one of the most important factors driving the market growth. As more individuals become interested in flying a small drone in a race, it is quickly becoming a global trend. The increasing number of events and competitions, such as the Drone Racing World Cup, MultiGP Drone Racing, and Drone Racing League, can also be contributed to the growing popularity of drone racing. Rudi Browning, a drone pilot, won the World Drone Racing Championship in 2018 and received a reward of $24,000. Such events and outcomes develop a strong brand and, as a result, aid in the global market's general development. The difficulty of assembling a DIY racing drone is one of the major restraints on industry growth. RTF drones come pre-assembled and require very little customization, whereas DIY drones allow for more customization and upgrade choices. Due to the complexities of assembling, however, a lack of knowledge and experience can result in adverse results. This is expected to be a major barrier to market growth. The use of racing drones in a variety of fields, including sports, industrial inspection, and construction, has driven demand in the global racing drone market. Furthermore, due to the existence of a stable supply channel for these drones across numerous industries, demand for global racing drones has risen to new heights. The lower cost of RTF drones is expected to lead to an increased usage of racing drones in a variety of new industries. Furthermore, in many circumstances, racing drones are used to assess terrains and potential farming landscapes. The global racing drones market is expected to generate significant revenue as a result of governments' efforts to improve the standards of major industries including construction, railways, and sports. Furthermore, as market suppliers sign investment agreements with different venture capitalists, the market for racing drones is expected to see a large inflow of revenue.

Global Racing Drone Market Segment Analysis:

Based on Type, the market is segmented into RTF, BNF, and ARF. The largest market was anticipated to be ARF, followed by RTF. RTF drones are the most popular among expert pilots because to their adjustable feature, which allows them to change the machine using their knowledge in order to obtain faster speed and efficiency in racing competitions. As a result, the global demand for ARF is growing. Furthermore, the ARF segment of the global racing drone market is expected to grow at the fastest rate of xx% during the forecast period. Moreover, an increase in the number of racing events like as the Drone Champions League, Drone Racing League, MultiGP, and Drone World Championship, in which pilots from many countries compete together, is a vital factor promoting the global growth of ARF drones. Based on Component Type, the market is segmented into airframe, motors, camera/sensor and propellers. Airframe was estimated to be the most dominant segment, and it will continue to be so during the forecast period of 2020-2027. To complete the assembly of an FPV drone, the airframe is the base component to which all other components are attached. Additionally, motors are expected to be the fastest-growing component among all components throughout the forecast period, owing to the increasing demand for them by pilots and beginners seeking to increase the speed of a drone's propellers to achieve high-speed. Global Racing Drone Market Based on the Application, the Rotorcross, Drag racing, and Time trial. In 2019, rotorcross dominated the market, and it is anticipated to do so again in the forecast period, followed by time trial and drag racing. ARF drones are mostly used in rotorcross racing events to meet event specifications such as weight and motor capacity, size, and speed, all of which require customization to meet tournament rules. In 2019, the time trial is expected to be the second most popular Component Type.

Global Racing Drone Market Regional Insights:

North America is expected to be the most dominant region in 2019. United States accounting for more than 85% of the North American market and more than 30% of the global market in 2019. The presence of one of the largest racing event organizations, 'MultiGP,' which presently has over 20,000 registered pilots and 500 active drone racing chapters globally, mostly in the United States, is the cause for its domination. During the forecast period, Asia Pacific is expected to be the fastest growing region in this market globally. Countries like China, Japan, and South Korea are driving this region's growth. China is the region's most powerful country, hosting the 2019 FAI World Drone Racing Championship (WDRC) for the third time in three years. Furthermore, these racing events are attracting attention from the media and entertainment industries, since major television sports networks are cooperating with organizers to provide online video streaming platforms to meet the demand generated by the country's growing audience. The objective of the report is to present a comprehensive analysis of the global Racing Drone Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Racing Drone Market dynamics, structure by analyzing the market segments and projects the global Racing Drone Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the global Racing Drone Market make the report investor’s guide.

Global Racing Drone Market Scope: Inquire before buying

Global Racing Drone Market

Global Racing Drone Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Racing Drone market key player:

YINYAN Model Tech MFT. • Tian Yu Hi-tech Co. Ltd • Eachine • HubsanThe FAA • DroneLife • Drone business center • Inside Drones • Bard Center for the Study of the Drone • Drone Industry Insights • DroneDJ • EHang • Insitu • Skydio • Aerialtronics

Frequently Asked Questions:

1) What was the market size of Global Racing Drone Market markets in 2019? Ans - Global Racing Drone market was worth US$ 0.41 Bn. in 2019. 2) What is the market segment of Global Racing Drone Market markets? Ans -The market segments are based on Type, Component type and Component Type. 3) What is forecast period consider for Global Racing Drone Market markets market? Ans -The forecast period for Global Racing Drone Market is 2021 to 2027. 4) Which are the worldwide major key players covered for Global Racing Drone Market report? Ans - YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, HubsanThe FAA, DroneLife, Drone business center, Inside Drones, Bard Center for the Study of the Drone, Drone Industry Insights, DroneDJ, EHang, Insitu, Skydio, Aerialtronics. 5) Which region is dominated in Global Racing Drone Market? Ans -In 2019, North America region dominated the Global Racing Drone Market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Racing Drone Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Racing Drone Market 3.4. Geographical Snapshot of the Racing Drone Market , By Manufacturer share 4. Global Racing Drone Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Type of Buyers/Consumers 4.1.6.3. Bargaining Type of Suppliers 4.1.6.4. Threat of Substitute Type 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-16 Pandemic on the Global Racing Drone Market 5. Supply Side and Demand Side Indicators 6. Global Racing Drone Market Analysis and Forecast, 2019-2027 6.1. Global Racing Drone Market Size & Y-o-Y Growth Analysis. 7. Global Racing Drone Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 7.1.1. RTF 7.1.2. BNF 7.1.3. ARF 7.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 7.2.1. Airframe 7.2.2. Motors 7.2.3. Camera/sensor 7.2.4. Propellers 7.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.3.1. Rotorcross 7.3.2. Drag racing 7.3.3. Time trial 8. Global Racing Drone Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Racing Drone Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 9.1.1. RTF 9.1.2. BNF 9.1.3. ARF 9.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 9.2.1. Airframe 9.2.2. Motors 9.2.3. Camera/sensor 9.2.4. Propellers 9.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.3.1. Rotorcross 9.3.2. Drag racing 9.3.3. Time trial 10. North America Racing Drone Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Racing Drone Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 11.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12. Canada Racing Drone Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 12.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13. Mexico Racing Drone Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 13.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14. Europe Racing Drone Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 14.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 15. Europe Racing Drone Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Racing Drone Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 16.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17. France Racing Drone Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 17.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18. Germany Racing Drone Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 18.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19. Italy Racing Drone Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 19.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 20. Spain Racing Drone Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 20.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 21. Sweden Racing Drone Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 21.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 22. CIS Countries Racing Drone Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 22.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 23. Rest of Europe Racing Drone Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 23.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 24. Asia Pacific Racing Drone Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 24.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 25. Asia Pacific Racing Drone Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Racing Drone Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 26.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 27. India Racing Drone Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 27.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 28. Japan Racing Drone Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 28.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 29. South Korea Racing Drone Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 29.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 30. Australia Racing Drone Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 30.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 31. ASEAN Racing Drone market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 31.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 32. Rest of Asia Pacific Racing Drone market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 32.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 33. Middle East Africa Racing Drone market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 33.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 34. Middle East Africa Racing Drone Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Racing Drone market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 35.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 36. GCC Countries Racing Drone market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 36.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 37. Egypt Racing Drone market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 37.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 38. Nigeria Racing Drone market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 38.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 39. Rest of ME&A Racing Drone market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 39.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 40. South America Racing Drone market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 40.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 41. South America Racing Drone market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Racing Drone market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 42.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 43. Argentina Racing Drone market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 43.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 44. Rest of South America Racing Drone market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Component Type, 2019-2027 44.3. Market Size (Value) Estimates & Forecast By Application, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Racing Drone Market. 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Functionalities and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Eachine 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Wavelengths 45.3.2. YINYAN Model Tech MFT. 45.3.3. Tian Yu Hi-tech Co. Ltd 45.3.4. Eachine 45.3.5. HubsanThe FAA 45.3.6. DroneLife 45.3.7. Drone business center 45.3.8. Inside Drones 45.3.9. Bard Center for the Study of the Drone 45.3.10. Drone Industry Insights 45.3.11. DroneDJ 45.3.12. EHang 45.3.13. Insitu 45.3.14. Skydio 45.3.15. Aerialtronics 46. Primary Key Insights

About This Report

Report ID 116649
Category Electronics
Published Date Aug 2021
Updated Date
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