Racing Drone Market Expected to Reach US$ 3.01 Billion by 2029, Growing at a Rate of 22.1%

Market Values:

The Racing Drone Market, valued at US$ 0.74 billion in 2022, is poised to witness significant growth, with overall revenue anticipated to rise at a rate of 22.1% from 2023 to 2029, reaching almost US$ 3.01 billion in 2029.

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Report Scope:

The Racing Drone Market report provides an overview of the market, focusing on high-speed or FPV (First Person View) drones used in drone racing events. It analyzes the market dynamics, drivers, restraints, and regional insights, covering the period from 2022 to 2029. The report considers real data from key players and major participants globally, with adjustments for the exceptional year of 2020 due to lockdown impacts.

Research Methodology:

Market size estimation for 2022 is based on real data and outputs from key players, with trends from the past five years considered for forecasting through 2029. Special analysis is conducted for the year 2020 to account for the impact of lockdowns by region.

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Market Drivers:

Growing popularity of drone racing events worldwide.
Government support in many countries allowing drone racing for sporting events.
Increased competition and awareness, fueled by organizations like MultiGP and DRL (Drone Racing League).

Market Restraints:

Regulatory challenges and airspace restrictions.
Concerns regarding safety and security in crowded environments.
High initial investment and maintenance costs for racing drones.

Regional Insights:

The Racing Drone Market is experiencing growth globally, driven by increasing interest and participation in drone racing events.
Various regions are witnessing government support and regulatory frameworks facilitating drone racing as a recognized sport.
Organizations like MultiGP and DRL are playing a significant role in promoting and organizing drone racing events across different regions.
The Racing Drone Market report serves as a comprehensive guide for stakeholders, providing insights into market dynamics, trends, and future growth prospects. With detailed analysis of drivers, restraints, and regional insights, the report assists decision-makers in understanding market opportunities and formulating strategic plans.

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Segmentation

by Type

RTF
BNF
ARF

The market is divided into RTF, BNF, and ARF segments based on Type. ARF was predicted to be the largest market, followed by RTF. Because of their changeable feature, which enables skilled pilots to modify the machine with their knowledge to achieve better speed and efficiency in racing contests, RTF drones are most popular among experienced pilots. Consequently, there is an increasing need for ARF worldwide. Additionally, throughout the course of the forecast period, the ARF sector of the global racing drone market is anticipated to increase at the fastest rate. Furthermore, it is imperative that there be more racing competitions like the Drone World Championship, MultiGP, Drone Champions League, and Drone Racing League, where pilots from various nations participate.

by Component Type

Airframe
Motors
Camera/sensor
Propellers

The market is divided into four segments based on the kind of component: propellers, motors, camera/sensor, and airframe. According to estimates, the airframe segment will remain the most dominating during the 2023-2029 forecast period. The airframe is the foundational element to which every other component is attached in order to assemble an FPV drone. Furthermore, because to the increased demand from pilots and novices looking to boost a drone's propeller speed to reach high speeds, motors are anticipated to expand at the quickest rate of any component throughout the course of the forecast period.

by Application

Rotorcross
Drag racing
Time trial

based on the time trial, drag racing, rotorcross, and application. Following time trials and drag racing, rotorcross is expected to maintain its dominant position in the market over the projection period, having done so in 2022. In order to meet event parameters including weight and motor capacity, size, and speed-all of which need to be customized in order to comply with tournament rules-ARF drones are mostly employed in rotorcross racing events. It is anticipated that the time trial would rank as the second most popular component type in 2022.

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Key Players

1. YINYAN Model Tech MFT.
2. Tian Yu Hi-tech Co. Ltd
3. Eachine
4. HubsanThe FAA
5. DroneLife
6. Drone business center
7. Inside Drones
8. Bard Center for the Study of the Drone
9. Drone Industry Insights
10. DroneDJ
11. EHang
12. Insitu
13. Skydio
14. Aerialtronics

Table Of Content

Part 01: Executive Summary

Part 02: Scope of the Racing Drone Market Report

Part 03: Racing Drone Market Landscape

Part 04: Racing Drone Market Sizing

Part 05: Racing Drone Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Offerings:

A detailed Market Overview
Market Share, Size, and Forecast by Revenue
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.

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