Racing Drones Market Is Expected To Witness Significant Growth | Keyplayers Covered DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Flytec, Binshang Creative

The global racing drones market was valued at US$ 414.5 million in 2017 and is projected to reach US$ 2,143.9 million by 2026, exhibiting a CAGR of 20.0% over the forecast period. 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.

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Global racing drones market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing application of drones in various sporting events, for example in cricket tournaments, the drones are used for capturing pictures or videos from the top for clear view. . Furthermore, as per Coherent Market Insights, growth of the market of racing drones is also propelled by the drone industry growth, which was pegged at 2.2 million units in 2016 and is also expected to witness high growth during the forecast period from 2018-2026 as well.

There are numerous types of drones which are used for various applications such as surveillance, reconnaissance, security, and search & rescue operations in different end-use industries such as aerospace & defense, construction, oil and gas, and commercial operational applications as well. The drones which are used for racing are different from the drones used in the above mentioned applications. These are required to have high precision controlling with high-speed and better stability. The new generation drones with high powered motor and high power supply with lightweight components are used for racing. The introduction of these types of drones in the Unmanned Aerial Vehicle (UAV) or drone industry is expected to drive the market growth during the forecast period.

Increasing demand for reducing human intervention in driving along with time & costs in the racing tournaments are driving the market growth

Demand for reducing human intervention in driving in racing tournaments, which could reduce time required for driving and costs has become a major factor to drive growth of the drones industry and for racing drones as well. There is no need to design and operate any safety structure with this factor. The pilot with the controller in his hand gives all the commands to drones and operates it with the controller, which reduces the chances of accidents and loss of human lives which acts as major a driver for drones/UAV industry and for racing drones as well.

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Some of the key players operating in the global racing drones market include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Flytec, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, ad RotorX Racing.

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