Press release
Racing Drones Market Status and Strategy by Leading Companies Segmented By Regional Outlook By DJI, Parrot, Yuneec, Walkera, Flytec, Sky Viper
Racing Drones
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Racing drones are designed to focus all of their power in moving forward, however a photography/video drone is more focused on hovering while taking pictures and videos. Racing drones can accelerate and maneuver with great speed and agility due to their lightweight and high-power electric motors, which provide large torque to propellers of the wing. Introduction of drone racing leagues & tournaments all over the world, increasing demand for high-speed drones with better stability and controlling, and rising demand for reducing human intervention while driving is driving the racing drones market growth.
"Competitive Landscape" considering Company Overview, Product Portfolio, Financial Performance, Key Strategies, Recent Developments/Updates
Major players operating in the racing drones market include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chenji, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, and RotorX Racing.
According to Coherent Market Insights’ analysis, North America is the largest region in the global racing drones market and it is expected to witness high growth over the forecast period. North America drones industry is expected to lead the market during the forecast period as well driven by increasing use of UAVs/drones for commercial and military applications.
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Based on Coherent Market Insights’ estimations, North America drones industry is estimated to be valued at US$ 3.7 billion in 2018 and it is projected to increase at a CAGR of 14.15% during the forecast period of 2018-2026. This is owing to rising demand for ARF drones in the region propelled by continuous modification of the drone components by the pilot of the drone who is participating in the racing league for better performance and to achieve the required standards for any particular tournament.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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