Racing Drones Market: To Witness Excellent Revenue Growth, Emerging Trends & Forecast To 2019 - 2027

Racing Drones Market: Introduction

Transparency Market Research delivers key insights on the global racing drones market. In terms of revenue, the racing drones market is estimated to expand at a CAGR of ~19% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the racing drones market.

A racing drone is a small quadcopter unmanned aerial vehicle i.e. UAV, which is designed for FPV i.e. (first person view) racing events. Racing drones come in different types, primarily the following: ready-to-fly (RTF), bind-and-fly (BNF), do-it-yourself (DIY), plug-and-play (PNP), and plug–and-fly (PNF) drones. RTF racing drones are primarily for beginners who want to learn the method to handle racing drones and participate in events. 

Racing Drones Market: Dynamics

Popularity of drone racing as a competitive sport is growing all over the world. The sport is being rapidly commercialized by racing organizations, including International Drone Racing Association, Inc. and the U.S. Drone Racing Association.

Ready-to-fly racing drones do not require any additional assembly and they can directly enter any racing event. Multiple types of ready-to-fly racing drones are available in the marketplace, including Walkera Furious 215, ARRIS X-Speed 250B, and Walkera Runner 250 Pro. Use of ready-to-fly racing drones is growing, owing to zero setup cost and no requirement for assembly. 

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Moreover, ready-to-fly racing drones are highly useful for beginners. They can learn to fly racing drones with ease and without any requirement for building their own racing drones. Moreover, ready-to-fly racing drones are inexpensive compared to other types of drones. Increasing use of ready-to-fly racing drones is projected to have a medium impact on the racing drones market from 2019 to 2027, owing to their numerous advantages.

Racing Drones Market: Prominent Regions

Asia Pacific is expected to dominate the racing drones market during the forecast period, owing to early adoption of technologies, presence of a large number of well-established players providing racing drones, and increasing popularity of drone racing across the region, especially in countries such as China, Japan, Australia, India, and South Korea. 

Furthermore, professional pilots are emerging from Asia Pacific, especially China, which holds a significant share of the market in the region. The market in North America is projected to expand at a significant rate during the forecast period, due to growing popularity of FPV drone racing tournaments, such as MultiGP Canada Drone Racing League and the U.S. National Drone Racing Championship, in the region. Popularity of drone racing is high especially among professional racers, as the winning price of these competitions is very high.