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The market for racing drones is expected to grow at a CAGR of 19.4% from its projected value of US$ 237 million in 2020 to US$ 1375.52 million in 2030. Drone racing is mostly used for competitive sports and video games. Racing drones are made with speed and agility in mind, as opposed to photography/video drones, which are largely focused on hovering. A racing drone is a small, specially made quadcopter unmanned aerial vehicle used in drone racing contests with front-facing cameras attached or integrated with a high-speed racing motor. Four motors will typically be evenly placed in an X arrangement on a photography quadcopter.
Global Racing Drones Market, By Drone Type (RTF/RTR and ARF), By Application (Rotorcross, Drag Racing, and Time Trial), and By Region (North America)
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Segmentation:
The Racing Drones Market is segmented based on Type, Application, and Region.
On the basis of type, the Racing Drones Market is segmented into RTF/RTR, and ARF. According to Prophecy Market Insights, in 2021 RTF was estimated to dominate the market, as they are ready to fly and can be assembled by the non-technician population. On the basis of application, the target market is classified into Rotorcross , Drag Racing, and Time trial, among which the rotorcross dominated the market due to increasing number of racing drone events.
Further, the Racing drone market is segmented by end use industries, into marine, automotive &transportation, oil & gas, infrastructure, and heavy industries.
Key Players:
The key players operating the Racing Drones Market includes, DJI, Yuneec, Walkera, Air Jugar, Parrot, MJX, Chengji, Flytec, Binshang Creative Technology Co. Ltd., EXDRONES, JYU, Sky Viper, Eachine, and RotorX Racing. Keyplayers in the market are continuously trying to build innovative product in order to satisfy the growing demand. Further, advances in the technology also keep on pushing the innovators to launch new products. In March 2021, DJI launched DJI FPV. The simply named new drone model is aimed at offering a similar off-the-shelf solution for those looking to add a head-mounted display to their flying experience.
The DJI FPV occupies a strange space, both in the DJI ecosystem and the overall drone market. While FPV drones have largely been the realm of more advanced hobbyists and racers, the new model is aimed at beginning and intermediate drone users. In that, it essentially works out of the box.
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Key Questions answered in the report:
Answer – FPV Racing Drones: These are racing drones that come equipped with a First-Person View (FPV) camera, which allows the pilot to see what the drone sees in real-time. FPV racing drones are designed for high-speed, low-altitude racing, and are typically smaller and more maneuverable than other types of racing drones.
Answer – Improved Flight Controllers: Advanced flight controllers are now available that provide greater stability, precision, and control to pilots. These flight controllers can now support advanced flight modes such as acrobatics and autonomous flight.
Answer – Online Retailers: Many racing drone manufacturers sell their products directly to consumers through their own online stores or through e-commerce platforms like Amazon, eBay, and Alibaba.
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