Racing Drones Market is estimated to be US$ 8.3 billion by 2034 with a CAGR of 22.4% during the forecast period

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Published Date: January 2024

Drone racing is mostly employed in sports and gaming purposes. In contrast to a photography/video drone, which is primarily focused on hovering, racing drones are developed for speed and agility. For drone racing competitions, a racing drone is a compact custom-built quadcopter unmanned aerial vehicle with front-facing cameras affixed or incorporated with a high-speed racing motor. A photographic quadcopter will normally have four motors arranged in an X configuration, evenly spaced.Racing Drones Market accounted for US$ 1.1 billion in 2024 and is estimated to be US$ 8.3 billion by 2034 and is anticipated to register a CAGR of 22.4%.

The report "Racing Drones Market, By Drone Type (RTF/RTR and ARF), By Application (Rotorcross, Drag Racing, and Time Trial), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2034.’’

Key Highlights:

In March 2021, DJI has announced the availability of an all-in-one FPV drone solution. In both the DJI ecosystem and the general drone market, the DJI FPV occupies an odd niche. FPV drones have traditionally been the domain of more expert hobbyists and racers, but the new model is intended at beginners and intermediate users.
In August 2021, T-Mobile, America's 5G pioneer, and The Drone Racing League (DRL), the world's premier drone racing property, released their first 5G-enabled drone as part of a broad-reaching cooperation to improve 5G-powered drone technology. This is one of the world's first racing drones with an inbuilt 5G module capable of live broadcasting video to the Internet.

Analyst View:

Drone demand for various athletic and gaming applications is predicted to be a major element driving the market forward in the near future. In the future, ongoing improvements to increase the quality of images and recordings taken by drones are expected to boost the racing drone market share. Furthermore, rising usage of high-speed drones for various applications from end-use sectors such as aerospace, defense, rescue/inspection, and construction is likely to boost the target market's growth throughout the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Racing Drones Market, By Drone Type (RTF/RTR and ARF), By Application (Rotorcross, Drag Racing, and Time Trial), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2034.

Key Market Insights from the report:

Racing Drones Market accounted for US$ 1.1 billion in 2024 and is estimated to be US$ 8.3 billion by 2034 and is anticipated to register a CAGR of 22.4%. Racing Drones market is segmented into drone type, application and region.

Based on Drone Type, the Racing Drones Market is segmented into RTF/RTR and ARF.
Based on Application, the Racing Drones Market is segmented into Rotorcross, Drag Racing, and Time Trial.
By Region, the Racing Drones Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for major revenue share as compared to that of other regions.

Competitive Landscape & their strategies of Racing Drones Market:

The key players in the Racing Drones market includes DJI, Yuneec, Walkera, Air Jugar, Parrot, MJX, Chengji, Flytec, Binshang Creative Technology Co. Ltd., EXDRONES, JYU, Sky Viper, Eachine, and RotorX Racing.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Market Purview

Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
  - Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Estimation
- Top-Down Approach
  - Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
  - Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions