Racing Drones Market to Reach US$ 1.48 Billion by 2031 at 22.8% CAGR; North America Leads with 38% Share | Key Players DJI, Parrot, GoPro

The Racing Drones Market reached US$ 0.42 billion in 2024 and is expected to reach US$ 1.48 billion by 2031, growing at a CAGR of 22.8% during the forecast period 2024-2031. The market is gaining strong momentum as drone racing evolves from a niche hobby into a structured competitive sport, supported by professional leagues, international tournaments, and growing prize pools that attract both enthusiasts and professional pilots.

Growth is further supported by rapid advancements in drone components such as high-speed propulsion systems, AI-assisted flight stabilization, extended battery performance, and immersive FPV technologies. Increasing participation from younger demographics, rising esports integration, and expanding applications in simulation-based training are strengthening long-term demand. As manufacturers continue to innovate and costs decline, racing drones are expected to witness broader adoption across recreational, competitive, and educational segments worldwide.

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Racing Drones Market is the global market for high-speed, agile unmanned aerial vehicles and related components used in competitive drone racing, training, and recreational esports events.

Key Developments
✅ January 2026: In the United States, racing drone manufacturers and esports organizations expanded professional drone racing leagues and training ecosystems, integrating higher-speed airframes, advanced flight controllers, and low-latency video transmission systems.

✅ January 2026: In Europe, growing interest in drone sports and STEM education programs supported increased adoption of racing drones in competitive events, clubs, and academic training initiatives.

✅ January 2026: In Japan, electronics and drone companies advanced compact racing drones with improved propulsion efficiency and enhanced real-time control for indoor and outdoor racing environments.

✅ December 2025: In the United States, rising participation in FPV drone racing accelerated demand for customizable racing drone kits, high-performance motors, and digital FPV systems.

✅ December 2025: In Asia-Pacific, expansion of drone racing communities and online competitive platforms supported growth in entry-level and professional racing drone segments.

✅ November 2025: In Europe, partnerships between event organizers and technology sponsors increased visibility of drone racing as an emerging esports and entertainment category.

Mergers & Acquisitions
✅ January 2026: In the United States, a drone technology company acquired a racing drone component manufacturer to strengthen performance optimization and vertical integration.

✅ December 2025: In Europe, a consumer drone brand completed the acquisition of a racing drone startup focused on FPV systems and flight control software.

✅ December 2025: In Japan, a robotics and electronics firm expanded into competitive drone markets through the acquisition of a high-speed drone design company.

✅ October 2025: In Asia-Pacific, a drone services and hardware company acquired a regional racing drone platform to enhance community engagement and product innovation.

Key Players
ARRIS International Plc | Eachine | GoPro, Inc. | Guangzhou Walkera Technology Co., Ltd. | Hubsan | ImmersionRC Limited | Parrot S.A. | Swagway LLC | SZ DJI Technology Co., Ltd. | Yuneec International Co. Ltd. | Others

Key Highlights
SZ DJI Technology Co., Ltd. holds 38.6% share, driven by its dominant consumer and prosumer drone portfolio, advanced flight control systems, and strong global brand recognition.

Parrot S.A. holds 14.2% share, supported by its focus on consumer and commercial drones, imaging capabilities, and strong presence in Europe and North America.

GoPro, Inc. holds 11.7% share, leveraging its action camera ecosystem, aerial imaging expertise, and integration with consumer drone platforms.

Yuneec International Co. Ltd. holds 9.3% share, driven by reliable multi-rotor drone platforms and growing adoption in recreational and entry-level commercial applications.

Guangzhou Walkera Technology Co., Ltd. holds 7.6% share, supported by a broad range of hobbyist drones and competitive pricing strategies.

Hubsan holds 6.1% share, leveraging compact drone designs, GPS-enabled models, and strong appeal among entry-level users.

Eachine holds 4.5% share, driven by FPV racing drones and strong traction within the hobbyist community.

ImmersionRC Limited holds 3.2% share, focused on FPV systems, flight controllers, and specialized drone accessories.

ARRIS International Plc holds 2.1% share, contributing through communication technologies and connectivity solutions integrated into drone systems.

Swagway LLC holds 1.3% share, driven by niche personal mobility and recreational aerial device offerings.

Others account for 1.4% share, comprising small and emerging drone manufacturers serving specialized consumer segments.

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Market Drivers
- Growing popularity of drone racing as a competitive sport and spectator entertainment, driving consumer interest in high-performance racing drones.

- Advancements in lightweight materials, high-speed motors, and FPV (first-person view) technology enhancing drone performance and control.

- Increasing availability of affordable, customizable racing drone kits and components for hobbyists and professional racers.

- Expansion of organized drone racing leagues, events, and community-based competitions worldwide.

- Rising influence of social media, livestreaming, and esports culture boosting visibility and engagement with drone racing.

Industry Developments
- Launch of next-generation racing drones with improved flight controllers, brushless motors, and low-latency FPV systems.

- Integration of advanced telemetry, GPS, and stabilization technologies for competitive performance and real-time tracking.

- Strategic partnerships between drone manufacturers, racing leagues, and hobbyist communities to develop standardized gear and event sponsorships.

- Development of modular and upgradeable components, allowing racers to customize speed, agility, and durability.

- Increased focus on simulator software and training platforms enhancing pilot skills and reducing entry barriers.

Regional Insights
North America - 38% share: "Driven by an active enthusiast community, strong presence of racing leagues and events, and high adoption of FPV technology."

Europe - 29% share: "Supported by growing number of drone racing clubs, regulatory frameworks for safe flying, and increasing competitive participation."

Asia Pacific - 26% share: "Fueled by large youth population, rising interest in tech-driven hobbies, and expanding regional competitions and events."

Latin America - 5% share: "Driven by emerging hobbyist communities, grassroots racing events, and growing accessibility of racing drones."

Middle East & Africa - 2% share: "Supported by expanding tech and leisure markets, developing drone sports interest, and increasing organized competitions."

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Key Segments

By Type
Ready-to-fly or ready-to-run systems hold a significant share of the market, driven by their ease of use, minimal setup requirements, and strong appeal among beginners and hobbyists. Almost ready-to-fly systems are gaining steady traction, supported by demand from experienced users who prefer partial customization and enhanced performance control.

By Application
Rotorcross represents a major application segment, driven by competitive racing formats and growing participation in drone racing leagues. Drag racing is witnessing increasing interest due to its high-speed, short-duration race format and rising popularity in organized events. Time trial applications are expanding steadily, supported by precision flying, skill-based competition, and performance benchmarking among professional and enthusiast pilots.

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