Racing Drone Market Growing at a CAGR of 20.4% Growing Forecast Year 2028 | Airjugar Technology Co. Ltd., Autel Robotics, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited

The Global Racing Drone Market size was valued at USD 425 million in 2019 and is anticipated to grow at a CAGR of 20.4% during the forecast period.

The market for racing drone has been segmented in major regions to understand the global development and demand patterns of this market. Asia Pacific is estimated to project the fastest growth rate in the global racing drone market during the forecast period. This growth can be accredited to several factors such as increasing racing events which are becoming attraction in entertainment industry.

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This comprehensive market analysis explores market growth potential for racing drone market that can help stakeholders understand key developments and expectations in the market for racing drone market defining opportunities for growth and competitive scenarios. The study also draws on data from multiple primary and secondary sources and will be analyzed using different methods. It helps gain insight into the growth potential of the market which can enable investors to recognize scope and opportunities. The analysis also gives details of the individual segments in the global racing drone market.

According to the report, transportation application is projected to witness lucrative growth on account of the expansion of the automotive, aerospace, and shipbuilding sectors. The Racing Drone is a small quadcopter unmanned aerial vehicle which is designed for drone racing events. Increase in the number of drone racing events and competition such as drone racing league and others in the millennials are the factors that will propel the global racing drone market during the forecast period. Increasing demand new drones equipped with advanced technology is supporting the demand of Racing Drone across the globe.

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Key Factors Impacting the Growth of Racing Drone Market:

Technological advancements
Complexities in designing unique designs of racing drones
Unavailability of highly skilled pilots to operate the racing drones during tournaments
This report provides:

A summary of the global racing drone market and associated technologies.
Analysis of global industry dynamics, monthly projections, and annual compound growth rate predictions (CAGRs).
Identification of new market opportunities and targeted consumer marketing strategies for global racing drone market.
Analysis of R&D and demand for new technologies and new applications
Extensive company profiles of key players in the industry.
The researchers have studied the market in-depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

With an emphasis on strategies, there have been several primary developments done by major companies such as Airjugar Technology Co. Ltd., Autel Robotics, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited, Parrot Drones SAS, RotorX, Spin Master (Air Hogs), Skyrocket LLC (Sky Viper), and YUNEEC.

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Market Segmentation:

By Drone Type

Ready-To-Fly
Almost Ready-To-Fly
By Application

Rotorcross
Drag Racing
Time Trial
By Component

Airframe
Motor
Cameras
Propellers
Others
By Region:

North America Racing Drone Market
By Country (US, Canada, Mexico)
By Drone Type
By Application
By Component

Europe Racing Drone Market
By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
By Drone Type
By Application
By Component

Asia Pacific Racing Drone Market
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Drone Type
By Application
By Component

Middle East & Africa Racing Drone Market
By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
By Drone Type
By Application
By Component

South America Racing Drone Market
By Country (Brazil, Argentina, Colombia, Rest of South America)
By Drone Type
By Application
By Component

Reasons to Buy This Report:
• Market size estimation of the intracranial aneurysm market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.