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

Introduction:

Racing drones are used primarily in the sports and gaming applications. The market in North America currently dominates the market for racing drones and is expected to continue its strong hold for a few more years owing to increasing adoption of UAVs/drones for military as well as commercial applications in the countries of the region.Moreover, increasing demand for drones for the various sporting as well as gaming applications is major factor expected to boost growth of the global market in the near future. In addition, increasing adoption of high-speed drones for various applications from end-use industries such as aerospace, defense, rescue/inspection, and construction is another factor expected to propel growth of the target market over the forecast period.However, high costs associated with racing drones are major factors expected to hamper growth of the global racing drones market over the forecast period.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%.

 

 

                                       Improvement in FPV Systems

Over the beyond one and a half many years, drones have developed from research center trials to flying vehicles that are accessible at block and mortar and online stores. Mechanical progressions have prepared for utilization of unpredictable parts and parts that have fundamentally worked on the strength and control of cutting-edge drones. Besides, progress in the battery innovation plays had a basic impact in the improvement of current age of robots. In the ongoing situation, drones have an expansive scope of uses, including ethereal photography, debacle the executives, accuracy farming, geographic planning, and weather conditions gauge. All the more as of late, the lessening costs of first-individual view (FPV) frameworks have prompted a critical ascent in the quantity of robot specialists across the globe.

Numerous drone racing leagues and tournaments

Different sport tournaments are being led across the globe, where the utilization of drone is expanding. For instance, in 2018, in Drone Racing League, MultiGP Drone Racing, and Drone Racing World Cup. A drone pilot called Rudi Browning won US$ 24,000 in the World Drone Racing Championship.

Further, there also many product launches, for instance in August 2022, DJI recently added another product to its existing lineup called the Avata FPV drone. According to the company, Avata offers ‘the ultimate immersive drone experience’ for first-person view drone fans.

However, high costs associated with racing drones are major factors expected to hamper growth of the global racing drones market over the forecast period.

 

 

The Racing Drones Market is segmented based on Type, Application, and Region.

On the basis of type, the Racing Drones Market is segmented into RTF/RTR, and ARF. According to Prophecy Market Insights, in 2023 RTF was estimated to dominate the market, as they are ready to fly and can be assembled by the non-technician population.  On the basis of application, the target market is classified into Rotorcross , Drag Racing, and Time trial, among which the rotorcross dominated the market due to increasing number of racing drone events.

Further, the Racing drone market is segmented by end use industries, into marine, automotive &transportation, oil & gas, infrastructure, and heavy industries.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Racing Drones Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market, wherein U.S. 85% share in the North America. The major driving affecting the North America market is the presence of largest racing event ‘MultiGP’, which has currently more than 20,00 registered pilots and 500 active drone racing chapters worldwide.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2023 to 2034
Market Segmentation	By Drone Type - RTF/RTR and ARF By Application – Rotorcross, Drag Racing, Time Trail
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Racing Drones Market report based on test, application, and region:

Racing Drones Market, By Drone Type:

• RTF/RTR
• ARF

Racing Drones Market, By Application:

• Rotorcross
• Drag Racing
• Time Trial

Racing Drones Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating 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. Keyplayers in the market are continuously trying to build innovative product in order to satisfy the growing demand. Further, advances in the technology also keep on pushing the innovators to launch new products.  In March 2021, DJI launched DJI FPV. The simply named new drone model is aimed at offering a similar off-the-shelf solution for those looking to add a head-mounted display to their flying experience.

The DJI FPV occupies a strange space, both in the DJI ecosystem and the overall drone market. While FPV drones have largely been the realm of more advanced hobbyists and racers, the new model is aimed at beginning and intermediate drone users. In that, it essentially works out of the box.

• DJI
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Yuneec
• Walkera
• Air Jugar
• Parrot
• MJX
• Chengji
• Flytec
• Binshang Creative Technology Co. Ltd.
• Exdrones
• JYU
• Sky Viper
• Eachine
• RotorX Racing

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • 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
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Racing Drones Strategies
     • Key Questions this Study will Answer
     • • By Drone Type (RTF/RTR and ARF),
       • By Application (Rotorcross, Drag Racing, and Time Trial)
       • By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. 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
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Racing Drones Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

 

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• DJI, Yuneec, Walkera, Air Jugar, Parrot, MJX, Chengji, Flytec, Binshang Creative Technology Co. Ltd., EXDRONES, JYU, Sky Viper, Eachine, and RotorX Racing.

1. The Last Word
   • Future Impact
   • About Us
   • Contact