Racing Drone Market is projected to expand at a compound annual growth rate (CAGR) of 22.10% from 2022 to 2029

Racing Drone Market Report Scope and Research Methodology

The racing drone market is gaining popularity worldwide, driven by the growing interest among millennials in drone racing events. Drone racing, also known as high-speed or FPV (First Person View) drone racing, involves pilots competing in racing sports matches using racing drones. Governments in many countries have recognized the appeal of these events and have allowed them to take place, fostering competition and awareness. Major organizations such as MultiGP and the Drone Racing League (DRL) have played a key role in promoting and organizing these racing events.

The research methodology used in the report involves forecasting the market from 2022 to 2029, with 2021 as the base year. The market size for 2021 was estimated using real numbers and data from key players across the globe. The analysis also takes into account the trends of the past five years. The impact of the COVID-19 pandemic and regional lockdowns in 2021 has been specially analyzed.

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What are Racing Drone Market Dynamics?

The market growth is primarily driven by the increasing popularity of drone racing among millennials worldwide. The rise in the number of events and competitions, such as the Drone Racing World Cup, MultiGP Drone Racing, and Drone Racing League, has contributed to the growing interest in drone racing. Furthermore, the report highlights how the challenges associated with assembling DIY racing drones pose a restraint on the market's growth. The complexity of assembly and the potential for adverse outcomes hinder the widespread adoption of DIY drones.

What are Racing Drone Market regional insights:

North America is currently the dominant region in the racing drone market, with the United States accounting for over 85% of the North American market and more than 30% of the global market in 2021. The presence of major racing event organizations, such as 'MultiGP,' has contributed to the region's dominance. However, the report forecasts that Asia Pacific will be the fastest-growing region during the forecast period, driven by countries like China, Japan, and South Korea. China, in particular, has hosted major racing events and has attracted attention from the media and entertainment industries.

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What is Racing Drone Market Segmentation?

by Type

• RTF
• BNF
• ARF

by Component Type

• Airframe
• Motors
• Camera/sensor
• Propellers

by Application

• Rotorcross
• Drag racing
• Time trial

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Who are Racing Drone Market Key Players?

• YINYAN Model Tech MFT.
• Tian Yu Hi-tech Co. Ltd
• Eachine
• HubsanThe FAA
• DroneLife
• Drone business center
• Inside Drones
• Bard Center for the Study of the Drone
• Drone Industry Insights
• DroneDJ
• EHang
• Insitu
• Skydio
• Aerialtronics

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Table of content for the Racing Drone Market includes:


1. Global Racing Drone Market: Research Methodology

2. Global Racing Drone Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Racing Drone Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Racing Drone Market Segmentation

• Global Market, by Type (2021-2029)
• Global Market, by Component Type (2021-2029)
• Global Market, by Application (2021-2029)

5. Regional Racing Drone Market (2021-2029)

• Regional Market, by Type (2021-2029)
• Regional Market, by Component Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations


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