Racing Drones Market – Size, Share and Forecast 2026
The global racing drones market was worth XX million in 2019 and is forecasted to reach XX million by 2026, growing at a CAGR of XX% during the forecast period
(EMAILWIRE.COM, September 04, 2019 ) Market Overview
• Drone racing consists of custom-made quadcopters with high-resolution cameras used for racing purposes, with first-person view (FPV) facilities using head-mounted display or goggles. Generally, pilots monitor the video feed from the cameras and control the motion of the drones accordingly in pre-defined race courses.
Market Dynamics
• The introduction of various racing drone leagues has contributed positively to the growth of the racing drones market, coupled with the meteoric rise in popularity of such sporting events on a global and regional scale.
• The formation of racing commissions and associations, such as the USDA Association, Quadcopter Aerial Racing Organization and Promotion (QAROP), and the British FPV Racing Association, have provided the racing drones market a form of legal authorization and framework to grow and evolve in an assuring manner.
Market Segmentation
By Type
• The global racing drones market is segmented into Ready-to-Fly/Ready-to-Run (RTF/RTR) and Almost-Ready-to-Fly (ARF) segments.
• The ready-to-fly/ready-to-run (RTF/RTR) segment is expected to grow at a robust rate owing to high customer interest, with most buyers opting to purchase the entire kit along with the drone and receiver.
• The companies are also thus more focused on the launch of new products in the ready-to-fly segment to strengthen market position. For instance, in April 2017, Aerix Drones announced the start of the new Nano FPV Indoor Drone Racing Package, which includes a ready-to-race (RTR) drone, goggles, a 5-pack of 12-inch glowing neon racing hoops, and extra batteries and blades for replacement.
By Application
• The market is segmented by application into motocross, drag racing, and time trial. The rotorcross segment is leading, with most of the global events opting for the rotorcross format, with several drones competing in a pre-defined route and racetrack side-by-side.
• The drag racing format is gaining market traction at a rapid rate, which includes two or more drones on the track, with the aim of completing a 100-meter-long course to win. For instance, MultiGP has opted for a total of four vertical drag format in its latest 2018 MultiGP International Open.
Geographical Analysis
• The global racing drones market is segmented geographically by region into North America, South America, Europe, Asia-Pacific, and Rest of the World (RoW).
• North America is the leading geographical region in the market, with increasing sales of racing drones and hosting of major sporting and racing events in countries such as the U.S. and Canada. The presence of key organizations and associations such as the USDRA Association have also helped the market growth within the framework of security regulations and laws governing the sporting events.
• The FAA Reauthorization Act of 2018, introduced by the Federal Aviation Administration (FAA) in October 2018, have provided drone pilots a set of flying rules and regulations, providing the market a legal platform for the basis of market expansion.
Company profiles
• The significant market players include
• SZ DJI Technology Co., Ltd.,
• Parrot S.A.,
• Hubsan, and Yuneec International Co. Ltd.
• Others
View full sample : https://www.datamintelligence.com/research-report/racing-drones-market
Download free sample: https://www.datamintelligence.com/download-sample/racing-drones-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• Drone racing consists of custom-made quadcopters with high-resolution cameras used for racing purposes, with first-person view (FPV) facilities using head-mounted display or goggles. Generally, pilots monitor the video feed from the cameras and control the motion of the drones accordingly in pre-defined race courses.
Market Dynamics
• The introduction of various racing drone leagues has contributed positively to the growth of the racing drones market, coupled with the meteoric rise in popularity of such sporting events on a global and regional scale.
• The formation of racing commissions and associations, such as the USDA Association, Quadcopter Aerial Racing Organization and Promotion (QAROP), and the British FPV Racing Association, have provided the racing drones market a form of legal authorization and framework to grow and evolve in an assuring manner.
Market Segmentation
By Type
• The global racing drones market is segmented into Ready-to-Fly/Ready-to-Run (RTF/RTR) and Almost-Ready-to-Fly (ARF) segments.
• The ready-to-fly/ready-to-run (RTF/RTR) segment is expected to grow at a robust rate owing to high customer interest, with most buyers opting to purchase the entire kit along with the drone and receiver.
• The companies are also thus more focused on the launch of new products in the ready-to-fly segment to strengthen market position. For instance, in April 2017, Aerix Drones announced the start of the new Nano FPV Indoor Drone Racing Package, which includes a ready-to-race (RTR) drone, goggles, a 5-pack of 12-inch glowing neon racing hoops, and extra batteries and blades for replacement.
By Application
• The market is segmented by application into motocross, drag racing, and time trial. The rotorcross segment is leading, with most of the global events opting for the rotorcross format, with several drones competing in a pre-defined route and racetrack side-by-side.
• The drag racing format is gaining market traction at a rapid rate, which includes two or more drones on the track, with the aim of completing a 100-meter-long course to win. For instance, MultiGP has opted for a total of four vertical drag format in its latest 2018 MultiGP International Open.
Geographical Analysis
• The global racing drones market is segmented geographically by region into North America, South America, Europe, Asia-Pacific, and Rest of the World (RoW).
• North America is the leading geographical region in the market, with increasing sales of racing drones and hosting of major sporting and racing events in countries such as the U.S. and Canada. The presence of key organizations and associations such as the USDRA Association have also helped the market growth within the framework of security regulations and laws governing the sporting events.
• The FAA Reauthorization Act of 2018, introduced by the Federal Aviation Administration (FAA) in October 2018, have provided drone pilots a set of flying rules and regulations, providing the market a legal platform for the basis of market expansion.
Company profiles
• The significant market players include
• SZ DJI Technology Co., Ltd.,
• Parrot S.A.,
• Hubsan, and Yuneec International Co. Ltd.
• Others
View full sample : https://www.datamintelligence.com/research-report/racing-drones-market
Download free sample: https://www.datamintelligence.com/download-sample/racing-drones-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results