Press release
Global Racing Drones Market Size, Share, Forecast 2023 - 2033 | Top key players : IdeaForge, BetaFPV, InsideFPV, Autel Robotics, DJI, EMAX, Diatone, Holybro, Fat Shark, Autel Robotics, Hubsan, Caddx, GEPRC, iFlight
Global Racing Drones Market Size
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An unmanned aerial vehicle (UAV) made for high-speed competitions that is small, light, and flexible is called a racing drone. The racing drone's speed and direction of travel are controlled by the pilot using a remote control while the drone's camera is displayed on a head-mounted display. This device's wide-angle, high-resolution camera, high speed, and improved control make it a popular choice for racing competitions like MultiGP drone racing and drone racing world cups. Racing drones are in high demand due to the sharp increase in casual drone users and noteworthy technological improvements. One of the main factors driving the market growth is the growing demand for high-speed FPV for applications including surveillance, industrial inspection, search, and rescue missions, as well as in various drone leagues like Multi GPU, drone racing league, and global drone prix. The racing drone market is expected to grow as long as continuous advancements are made to improve the quality of drone photos and videos. However, the expansion of the racing drone market is restricted by the inability of highly qualified pilots to fly racing drones in competitions and the difficulty of assembling ARF drone components.
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The RTF segment is predicted to hold the largest market share through the forecast period.
Based on the drone type, the racing drones market is classified into RTF, BNF, and ATF. Among these, the RTF segment is predicted to hold the largest market share through the forecast period. RTF drones are fully assembled and ready to fly. Pilots can take off faster because they don't have to spend time assembling components or configuring transmitters. This lowers the initial learning curve and attracts new hobbyists to RTF drones.
The rotor cross segment is anticipated to hold the largest market share during the projected timeframe.
Based on the application, the racing drones market is divided into rotor cross, drag racing, and time trial. Among these, the rotor cross segment is anticipated to hold the largest market share during the projected timeframe. Rotor cross is a high-speed race with up to four drone pilots running through an obstacle course with gates and banners. Both pilots and spectators find rotor cross-racing to be an entertaining spectacle.
North America is estimated to hold the largest share of the racing drones market over the forecast period.
North America is estimated to hold the largest share of the racing drones market over the forecast period. The region's dominance can be ascribed to competitors' growing focus on developing drones that are quicker, nimbler, and more adaptable to satisfy racing enthusiasts' demands. Additionally, to satisfy the demand created by the growing fan base, especially in the US, racing events are emerging as a major draw in the media and entertainment sector.
Asia Pacific is predicted to have the highest CAGR growth in the racing drones market over the forecast period. The regional market growth can be attributed to the rise in drone racing competitions, which are supported by a robust regulatory system that guarantees sports safety. In addition, drone racing kits and accessories are becoming more widely available, making them more accessible to end users of all skill levels.
Major key players in the racing drones market include IdeaForge, BetaFPV, InsideFPV, Autel Robotics, DJI, EMAX, Diatone, Holybro, Fat Shark, Autel Robotics, Hubsan, Caddx, GEPRC, iFlight, and Others.
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Development
In February 2024, Leading deep-tech drone manufacturer InsideFPV announced the Elevate V1 Series' debut as part of the Made in India campaign. The drone has a 20-megapixel camera, 4K HD video capture, and a three-axis gimbal camera stabilization system.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the racing drones market based on the below-mentioned segments:
Global Racing Drones Market, By Drone Type
RTF
BNF
ATF
Global Racing Drones Market, By Application
Rotor Cross
Drag Racing
Time Trial
Global Racing Drones Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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